Based on the current analysis by Reports and Data, the global sustained release coatings market demonstrated a value of USD 476.85 million in 2019. It is projected to reach USD 761.93 million by 2027, exhibiting a compound annual growth rate (CAGR) of 6.06%. The sustained release coating market is experiencing growth due to the escalating demand for microencapsulated products, leading to extensive efforts by various companies in the market. This growth is facilitated by the adoption of new technologies such as sustained release coatings, particularly in niche markets like cancer and brain tumor-specific drug delivery.

The application types of sustained release coatings can be categorized as In Vitro and In Vivo, while the substrate segment comprises tablets, capsules, and pills. In Vitro applications currently dominate the sustained release coating market and are expected to maintain their dominance until 2027. This dominance is driven by the continuous research and development (R&D) expenditures of pharmaceutical companies in this application area. In Vitro applications encompass pharmaceutical companies' R&D domains, government laboratories, contract research organizations, and private research organizations. The major polymer materials used for In Vitro applications are ethyl & methyl cellulose and PEG.

During the forecast period, North America is anticipated to hold the largest share of the sustained release coating market. This prominence is attributed to the presence of pharmaceutical manufacturers in the region. The region's consistent growth in R&D spending reflects stability, security, and healthy competition. The existence of global pharmaceutical giants like Pfizer, Abbott Laboratories, and Johnson & Johnson in North America, along with substantial investments in novel drug development and drug delivery systems, further contribute to the stable growth of the sustained release coating market.

Key market players are currently focusing on strategic activities, including research and development to explore the applications of sustained release coatings, as well as mergers and acquisitions, facility expansions, and related investments.

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Other important findings from the report include:

1.      The demand for sustained release coatings is driven by the presence of pharmaceutical manufacturers in certain regions, indicating stability, security, and healthy competition due to annual growth in R&D spending.

2.      In the In Vitro application type, Surelease hydroxypropyl methylcellulose, a blend of aqueous dispersion of hydrophobic and hydrophilic polymers, is used as coating material to regulate the drug release from coated pellets of the highly water-soluble drug metoprolol succinate.

3.      The in vitro application holds the majority market share due to its diverse applications and market availability.

4.      Currently, Asia-Pacific has the highest market share for sustained release coatings, driven by the growing demand in the petrochemical and automobile industries. The region's higher demand results from increased sales capacity in export markets and strong growth in pharmaceutical sales.

5.      Key participants in the sustained release coatings market include Colorcon, BASF, Evonik, Coating Place, Allergan plc, Bausch Health Companies Inc., Coating Place Inc., Mylan N.V., Pfizer Inc., Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd.

For this study, Reports and Data segmented the sustained release coatings market based on substrate type, polymer material, application, and region:

Substrate Type:

  • Capsules
  • Tablets
  • Pills

Polymer Material Type:

  • Ethyl and Methyl cellulose
  • Polyvinyl and Cellulose Acetate
  • Polyethylene glycol (PEG)
  • Methacrylic acid

Application Type:

  • In Vitro
  • In Vivo

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