Dublin, July 04, 2019 (GLOBE NEWSWIRE) -- The "Sustained Release Coatings Market by Application (In Vitro, In Vivo), Substrate Type, Polymer Material Type (Ethyl & Methyl Cellulose, Polyvinyl & Cellulose Acetate, Methacrylic Acid, PEG), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The sustained release coating market size is projected to grow from $478 million in 2019 to $660 million by 2024, at a CAGR of 6.6%.

The sustained release coating market comprises major players, such as Colorcon (US), BASF (Germany), Evonik (Germany), and Coating Place (US). The study includes an in-depth competitive analysis of these key players in the sustained release coating market, with their company profiles, recent developments, and key market strategies.

Growth in demand for sustained release coating in the In Vitro application is driving the market

The demand for sustained release coating has improved in recent years due to its increased consumption in the APAC region. In addition, the increasing use of sustained release coating in varied applications, such as In Vitro and In Vivo, has further contributed to the growth of this market. The newer, high-growth substrate of sustained release coatings include tablets, capsules, and pills. For instance, there is a sharp rise in demand for tablets that are increasingly favored as a new high-performance substrate for pharmaceutical drug applications.

Ethyl & methyl cellulose is expected to be the largest polymer material type during the forecast period

Ethyl & methyl cellulose was the most extensively used sustained release coating material. Its primary release mechanism is drug diffusion across a water-insoluble membrane. It is an aqueous colloidal dispersion of ethyl cellulose polymer, which can be used as a moisture barrier as well as in sustained release and taste-masking applications. So, these properties help them to make the most favorable over other polymer material type.

APAC to record the highest growth rate during the forecast period

The APAC sustained release coating market is projected to register the highest CAGR during the forecast period, due to its rising demand from Japan, India, China, and South Korea. China is expected to lead the demand for sustained release coating due to the increase in the production of pharmaceutical drugs. Generic drug manufacturing in APAC is a lucrative prospect for many foreign investors.

Numerous multinational pharmaceutical drugs manufacturers are focusing on Asian countries, such as China, India, Japan, South Korea, and Indonesia, to balance the impending patent expiration of branded drugs with the manufacturing of generic drugs. A large pool of scientific talent and well-defined R&D infrastructure complement the pharmaceutical formulations market in the APAC region.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Sustained Release Coating Market Attractiveness
4.2 Sustained Release Coating Market, By Substrate
4.3 Sustained Release Coating Market, By Application Type
4.4 Sustained Release Coating Market in APAC, By Polymer Material Type and Country
4.5 Sustained Release Coating Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1.1 Rise in Demand in the Pharmaceutical Industry
5.2.1.1.1.1 Controlled Drug Delivery
5.2.1.1.1.2 Targeted Drug Delivery
5.2.2 Restraints
5.2.2.1 High Cost Associated With the Microencapsulated Process
5.2.3 Opportunities
5.2.3.1 Development of Advanced Technologies to Tap Niche Markets
5.2.3.1.1.1 Reduction in Capsule Size and Increase in Bioavailability
5.2.3.1.1.2 Government Support and Rising Economy in Developing Countries
5.2.4 Challenges
5.2.4.1 Alcohol-Induced Dose Dumping

6 Sustained Release Coating Market, By Polymer Material Type
6.1 Introduction
6.2 Ethyl & Methyl Cellulose
6.3 Polyvinyl & Cellulose Acetate
6.4 Methacrylic Acid
6.5 Polyethylene Glycol (PEG)
6.6 Others

7 Sustained Release Coating Market, By Substrate
7.1 Introduction
7.1.1.1 Tablets
7.1.1.1.1 Development of Mini-Tablets is A Key Trend in This Market Segment.
7.1.1.2 Capsules
7.1.1.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract is Driving the Use of Capsules
7.1.1.3 Pills
7.1.1.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market

8 Sustained Release Coating Market, By Application
8.1 Introduction
8.2 in Vitro
8.2.1 Increasing Amount of R&D Expenditure in the Healthcare Sector Drives the in Vitro
8.3 in Vivo
8.3.1 Increasing Rate of Prevalence in Many Chronic Diseases Drives the Demand for in Vivo Application

9 Sustained Release Coating Market, By Region
9.1 Introduction
9.1.1Europe
9.1.1.1 Germany
9.1.1.2 France
9.1.1.3 UK
9.1.1.4 Italy
9.1.1.5 Russia
9.1.1.6 Switzerland
9.1.1.7 Spain
9.1.1.9 Rest of Europe
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Indonesia
9.2.6 Taiwan
9.2.6 Thailand
9.2.7 Rest of Asia Pacific
9.3 North America
9.3.1 Introduction
9.3.1.1 US
9.3.1.2 Canada
9.3.1.3 Mexico
9.4 South America
9.4.1 Introduction
9.4.1.1 Brazil
9.4.1.2 Argentina
9.4.1.5 Rest of South America
9.5 The Middle East & Africa
9.5.1 Introduction
9.5.1.1 Saudi Arabia
9.5.1.2 South Africa
9.5.1.3 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Key Players, 2018
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Agreements, Collaborations, Partnerships, and Joint Ventures

11 Company Profiles
11.1 BASF SE
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 SWOT Analysis
11.2 Evonik
11.3 Colorcon
11.4 Coating Place Inc.

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Related Topics: Paints and Coatings