Table of Content

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 REGIONS CONSIDERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary sources 18
2.1.2.2 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 22
2.4.1 ASSUMPTIONS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 26
4.1 SUSTAINED RELEASE COATING MARKET ATTRACTIVENESS 26
4.2 SUSTAINED RELEASE COATING MARKET, BY SUBSTRATE TYPE 26
4.3 SUSTAINED RELEASE COATING MARKET, BY POLYMER MATERIAL TYPE AND COUNTRY 27
4.4 SUSTAINED RELEASE COATING MARKET, BY COUNTRY 27

5 MARKET OVERVIEW 28
5.1 INTRODUCTION 28
5.2 MARKET DYNAMICS 28
5.2.1 DRIVERS 29
5.2.1.1.1 Rise in demand in the pharmaceutical industry 29
5.2.1.1.1.1 Controlled drug delivery 29
5.2.1.1.1.2 Targeted drug delivery 29
5.2.2 RESTRAINTS 30
5.2.2.1 High cost associated with the microencapsulated process 30
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5.2.3 OPPORTUNITIES 30
5.2.3.1 Development of advanced technologies to tap niche markets 30
5.2.3.1.1.1 Reduction in capsule size and increase in bioavailability 31
5.2.3.1.1.2 Government support and growing economy in developing countries 31
5.2.4 CHALLENGES 31
5.2.4.1 Alcohol-induced dose dumping 31

6 INDUSTRY TRENDS 32
6.1 PORTER’S FIVE FORCES ANALYSIS 32
6.2 THREAT OF NEW ENTRANTS 33
6.3 THREAT OF SUBSTITUTES 33
6.4 BARGAINING POWER OF SUPPLIERS 33
6.5 BARGAINING POWER OF BUYERS 33
6.6 INTENSITY OF COMPETITIVE RIVALRY 34

7 SUSTAINED RELEASE COATING MARKET, BY POLYMER MATERIAL TYPE 35
7.1 INTRODUCTION 36
7.2 ETHYL & METHYL CELLULOSE 36
7.2.1 SIGNIFICANT VARIATIONS IN GRANULE AND TABLET CHARACTERISTICS MAKES ETHYL & METHYL CELLULOSE DOMINANT 36
7.3 POLYVINYL & CELLULOSE ACETATE 37
7.3.1 SELF-SEALING PROPERTY OF PVA MAKES POLYVINYL & CELLULOSE ACETATE MORE DEMANDING 37
7.4 METHACRYLIC ACID 38
7.4.1 IONIZED AND NON-IONIZED GROUPS IN THE STRUCTURE OF THESE COPOLYMERS MAKES METHACRYLIC MORE DEMANDING 38
7.5 POLYETHYLENE GLYCOL (PEG) 38
7.5.1 MORE USAGE IN IN VITRO APPLICATION DRIVES THE MARKET FOR PEG 38
7.6 OTHERS 39

8 SUSTAINED RELEASE COATING MARKET, BY SUBSTRATE 40
8.1 INTRODUCTION 41
8.2 TABLETS 41
8.2.1 DEVELOPMENT OF MINI TABLETS IS A KEY TREND IN THIS MARKET SEGMENT 41
8.3 CAPSULES 42
8.3.1 EASY ABSORPTION OF DRUGS AND DECREASED IRRITATION IN THE GI TRACT ARE DRIVING THE USE OF CAPSULES 42
8.4 PILLS 43
8.4.1 RISING INCIDENCE OF TARGET AILMENTS TO PROPEL THE GROWTH OF THE PILLS MARKET 43
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9 SUSTAINED RELEASE COATING MARKET, BY APPLICATION 44
9.1 INTRODUCTION 45
9.2 IN VITRO 46
9.2.1 INCREASING R&D EXPENDITURE IN THE HEALTHCARE SECTOR DRIVES THE IN VITRO APPLICATION 46
9.3 IN VIVO 47
9.3.1 INCREASING RATE OF PREVALENCE IN MANY CHRONIC DISEASES DRIVES THE DEMAND FOR IN VIVO APPLICATION 47

10 SUSTAINED RELEASE COATING MARKET, BY REGION 48
10.1 INTRODUCTION 49
10.2 NORTH AMERICA 50
10.2.1 US 53
10.2.1.1 More increasing focus on capsule-based pharmaceutical formulations drives the market of coating in US 53
10.2.2 CANADA 54
10.2.2.1 The growing demand for pharmaceutical formulations in the country has led to an increase in R&D activities in medicine and healthcare 54
10.2.3 MEXICO 55
10.2.3.1 Measures to curtail healthcare costs by reducing the prices of drugs drives the mexican market 55
10.3 EUROPE 55
10.3.1 SWITZERLAND 57
10.3.1.1 Hub for many pharmaceutical manufacturing companies makes Switzerland for more demanding 57
10.3.2 RUSSIA 58
10.3.2.1 Federal Drug Reimbursement Programme drives the Russian market 58
10.3.3 GERMANY 58
10.3.3.1 Accelerating urbanization, increasing life expectancy, and the growth of the aging population segment also support the growth of the pharmaceutical industry in the country 58
10.3.4 FRANCE 59
10.3.4.1 Presence of a significantly large geriatric population in the country drives the demand fro sustained release coating in France 59
10.3.5 UK 60
10.3.5.1 Growing adoption of generics and the increasing demand for drugs among the aging population drives the market 60
10.3.6 ITALY 61
10.3.6.1 Gradual recovery of the Italian pharmaceutical manufacturing industry drives the market 61
10.3.7 SPAIN 62
10.3.7.1 The growing pressure for cost containment from the government is expected to drive the growth of the generic pharmaceuticals market in Spain 62
10.3.8 REST OF EUROPE 62
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10.4 APAC 63
10.4.1 JAPAN 66
10.4.1.1 The market in Japan is largely driven by the growing pharmaceutical market in the country, along with high levels of affordability and access to healthcare facilities. 66
10.4.2 CHINA 67
10.4.2.1 Being one of the largest domestic pharmaceutical industries China demand more usage of sustained release coating in APAC 67
10.4.3 INDIA 68
10.4.3.1 Largest provider of generic drugs globally makes india more demanding in world for sustained release coating 68
10.4.4 SOUTH KOREA 69
10.4.4.1 Increasing its new drug R&D abilities drive the demand for sustained release coating 69
10.4.5 INDONESIA 69
10.4.5.1 Increasing Universal Health Coverage Scheme in Indonesia drives the market for pharmaceutical industry 69
10.4.6 TAIWAN 70
10.4.6.1 Ease of doing business in Taiwan makes country best for pharmaceutical industry 70
10.4.7 THAILAND 71
10.4.7.1 Increasing prevalence rate for communicable diseases drives the Thailand market 71
10.4.8 VIETNAM 71
10.4.8.1 Chronic diseases related to old age will boost the demand for pharmaceuticals in vietnam 71
10.4.9 REST OF APAC 72
10.5 SOUTH AMERICA 72
10.5.1 BRAZIL 74
10.5.1.1 Low labor and manufacturing costs in the country drives Brazil more demanding 74
10.5.2 ARGENTINA 75
10.5.2.1 Favorable healthcare regulations implemented by Argentina authorities have provided opportunities for growth of sustained release coating 75
10.5.3 REST OF SOUTH AMERICA 75
10.6 MIDDLE EAST & AFRICA 76
10.6.1 SOUTH AFRICA 77
10.6.1.1 Paradigm shift in the burden of illness towards non-communicable diseases drives the demand for chronic prescription drugs 77
10.6.2 SAUDI ARABIA 78
10.6.2.1 Changes in nutritional and lifestyle habits in Saudi Arabia have increased the frequency of lifestyle-related health concerns in country 78
10.6.3 REST OF MEA 79
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11 COMPETITIVE LANDSCAPE 80
11.1 OVERVIEW 80
11.2 RANKING OF KEY PLAYERS, 2018 80
11.3 COMPETITIVE SCENARIO 81
11.3.1 NEW PRODUCT LAUNCHES 81
11.3.2 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES 81
12 COMPANY PROFILES 82
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
12.1 BASF SE 82
12.2 EVONIK 84
12.3 COLORCON 86
12.4 COATING PLACE, INC. 87
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 88
13.1 DISCUSSION GUIDE 88
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 90
13.3 AVAILABLE CUSTOMIZATIONS 92
13.4 RELATED REPORTS 92
13.5 AUTHOR DETAILS 93



List of Figures



FIGURE 1 SUSTAINED RELEASE COATING MARKET SEGMENTATION 14
FIGURE 2 SUSTAINED RELEASE COATING MARKET: RESEARCH DESIGN 16
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: 19
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 20
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 20
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION 21
FIGURE 7 ETHYL & METHYL CELLULOSE TO BE THE LARGEST TYPE OF SUSTAINED
RELEASE COATING 24
FIGURE 8 IN VITRO APPLICATION TO DOMINATE THE SUSTAINED RELEASE COATING MARKET 24
FIGURE 9 NORTH AMERICA ACCOUNTED FOR THE LARGEST MARKET SHARE 25
FIGURE 10 SUSTAINED RELEASE COATING MARKET TO WITNESS MODERATE GROWTH BETWEEN 2019 AND 2024 26
FIGURE 11 TABLETS TO BE THE FASTEST-GROWING SUBSTRATE TYPE 26
FIGURE 12 THE US ACCOUNTED FOR THE LARGEST MARKET SHARE 27
FIGURE 13 US AND CHINA: THE DOMINANT MARKETS IN 2019 27
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE SUSTAINED RELEASE COATING MARKET 28
FIGURE 15 SUSTAINED RELEASE COATING MARKET: PORTER’S FIVE FORCES ANALYSIS 32
FIGURE 16 SUSTAINED RELEASE COATING MARKET SIZE, BY APPLICATION 2019 VS. 2024 (USD MILLION) 45
FIGURE 17 SUSTAINED RELEASE COATING MARKET: REGIONAL SNAPSHOT (2019) 49
FIGURE 18 NORTH AMERICA: SUSTAINED RELEASE COATING MARKET SNAPSHOT 51
FIGURE 19 APAC: SUSTAINED RELEASE COATING MARKET SNAPSHOT 64
FIGURE 20 BASF LED THE SUSTAINED RELEASE COATING MARKET IN 2018 80
FIGURE 21 BASF SE: COMPANY SNAPSHOT 82
FIGURE 22 BASF SE: SWOT ANALYSIS 83
FIGURE 23 EVONIK: COMPANY SNAPSHOT 84
FIGURE 24 EVONIK: SWOT ANALYSIS 85

 

List of Tables



TABLE 1 SUSTAINED RELEASE COATING MARKET SNAPSHOT (2019 VS. 2024) 23
TABLE 2 SUSTAINED RELEASE COATING MARKET SIZE, BY POLYMER MATERIAL TYPE, 2017–2024 (USD MILLION) 36
TABLE 3 ETHYL & METHYL CELLULOSE: SUSTAINED RELEASE COATING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 37
TABLE 4 POLYVINYL & CELLULOSE ACETATE: SUSTAINED RELEASE COATING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 37
TABLE 5 METHACRYLIC ACID: SUSTAINED RELEASE COATING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 38
TABLE 6 PEG: SUSTAINED RELEASE COATING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 38
TABLE 7 OTHERS: SUSTAINED RELEASE COATING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 39
TABLE 8 SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 41
TABLE 9 TABLETS: SUSTAINED RELEASE COATING MARKET, BY REGION 2017–2024 (USD MILLION) 41
TABLE 10 CAPSULES: SUSTAINED RELEASE COATING MARKET, BY REGION 2017–2024 (USD MILLION) 42
TABLE 11 PILLS: SUSTAINED RELEASE COATING MARKET, BY REGION 2017–2024 (USD MILLION) 43
TABLE 12 SUSTAINED RELEASE COATING MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 45
TABLE 13 SUSTAINED RELEASE COATING MARKET SIZE FOR IN VITRO, BY REGION 2017–2024 (USD MILLION) 46
TABLE 14 SUSTAINED RELEASE COATING MARKET SIZE FOR IN VIVO, BY REGION 2017–2024 (USD MILLION) 47
TABLE 15 SUSTAINED RELEASE COATING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 50
TABLE 16 NORTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 52
TABLE 17 NORTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE BY POLYMER MATERIAL TYPE, 2017–2024 (USD MILLION) 52
TABLE 18 NORTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 52
TABLE 19 NORTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE BY APPLICATION, 2017–2024 (USD MILLION) 53
TABLE 20 US: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 53
TABLE 21 CANADA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 54
TABLE 22 MEXICO: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 55
TABLE 23 EUROPE: SUSTAINED RELEASE COATING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 56
TABLE 24 EUROPE: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 56
TABLE 25 EUROPE: SUSTAINED RELEASE COATING MARKET SIZE, BY POLYMER MATERIAL, 2017–2024 (USD MILLION) 56
TABLE 26 EUROPE: SUSTAINED RELEASE COATING MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 57
TABLE 27 SWITZERLAND: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 57
TABLE 28 RUSSIA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 58
TABLE 29 GERMANY: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 59
TABLE 30 FRANCE: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 60
TABLE 31 UK: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 60
TABLE 32 ITALY: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 61
TABLE 33 SPAIN: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 62
TABLE 34 REST OF EUROPE: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 63
TABLE 35 APAC: SUSTAINED RELEASE COATING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 65
TABLE 36 APAC: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 65
TABLE 37 APAC: SUSTAINED RELEASE COATING MARKET SIZE, BY POLYMER MATERIAL TYPE, 2017–2024 (USD MILLION) 65
TABLE 38 APAC: SUSTAINED RELEASE COATING MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 66
TABLE 39 JAPAN: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 66
TABLE 40 CHINA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 67
TABLE 41 INDIA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE 2017–2024 (USD MILLION) 68
TABLE 42 SOUTH KOREA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 69
TABLE 43 INDONESIA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 69
TABLE 44 TAIWAN: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 70
TABLE 45 THAILAND: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 71
TABLE 46 VIETNAM: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 71
TABLE 47 REST OF APAC: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 72
TABLE 48 SOUTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 73
TABLE 49 SOUTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 73
TABLE 50 SOUTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE, BY POLYMER MATERIAL, 2017–2024 (USD MILLION) 73
TABLE 51 SOUTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 74
TABLE 52 BRAZIL: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 74
TABLE 53 ARGENTINA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 75
TABLE 54 REST OF SOUTH AMERICA: SUSTAINED RELEASE COATING MARKET SIZE BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 75
TABLE 55 MIDDLE EAST & AFRICA: SUSTAINED RELEASE COATING MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 76
TABLE 56 MIDDLE EAST & AFRICA: SUSTAINED RELEASE COATING MARKET SIZE BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 76
TABLE 57 MIDDLE EAST & AFRICA: SUSTAINED RELEASE COATING MARKET SIZE BY POLYMER MATERIAL TYPE, 2017–2024 (USD MILLION) 77
TABLE 58 MIDDLE EAST & AFRICA: SUSTAINED RELEASE COATING MARKET SIZE BY APPLICATION, 2017–2024 (USD MILLION) 77
TABLE 59 SOUTH AFRICA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 78
TABLE 60 SAUDI ARABIA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 78
TABLE 61 REST OF MEA: SUSTAINED RELEASE COATING MARKET SIZE, BY SUBSTRATE TYPE, 2017–2024 (USD MILLION) 79
TABLE 62 NEW SERVICE, TECHNOLOGY, AND PRODUCT LAUNCHES, 2016–2019 81
TABLE 63 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES 2016–2019 81