Reports
Global Sustained Release Coatings Market Share, Forecast: By Polymer Material Type: Ethyl and Methyl Cellulose, Polyvinyl and Cellulose Acetate, Methacrylic Acid, Polyethylene Glycol (PEG), Others; By Application: In Vitro, In Vivo; By Substrate: Tablets, Capsules, Pills; Regional Analysis; Competitive Landscape; 2024-2032
Global Sustained Release Coatings Market Outlook
The global sustained release coatings market stood at a value of nearly USD 537.75 million in 2023. The industry is projected to grow at a CAGR of 6.4% over the forecast period of 2024-2032 to attain USD 780.01 million by 2032.
Sustained release coatings aids in the targeted-release dosage of drugs for a specific period of time. The major factors driving the industry growth are the growing number of patent terminations, the rising interest in microencapsulated items, and the increased expenditure in R&D exercises by major companies.
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Properties and Applications
Sustained release coating, which is considered a controlled release profile, is a method which allows for tailored dosing of the active ingredient at a predetermined rate over an extended period of time (up to 24 hours) with minimum side effects. It maintains a constant drug concentration by ways such as the use of film coating, a sustained release matrix, or sustained release drug-loaded granules.
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The global sustained release coatings market can be divided based on segments like polymer material types, applications, substrates, and regions.
- Polymer Material Types:
- Ethyl and Methyl Cellulose
- Polyvinyl and Cellulose Acetate
- Methacrylic Acid
- Polyethylene Glycol (PEG)
- Others
- Applications:
- In Vitro
- In Vivo
- Substrates:
- Tablets
- Capsules
- Pills
The EMR report looks into the regional sustained release coatings markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
With the increased consumption of sustained release coatings, particularly in the emerging economies, for use in applications such as in vitro and in vivo, the industry is witnessing a healthy growth. Further, with a sharp rise in the demand for tablets, which are considered a new high-performance substrate for pharmaceutical drug applications, the industry is receiving a further boost. Rapid advancement, along with growing R&D in the pharmaceutical sector, is aiding the growth of the industry globally. The increasing demand for sustained release coatings for use in in vitro application is expected to drive the sustained release coatings market over the forecast period.
Ethyl and methyl cellulose, among other polymer material types, is anticipated to account for the largest share in the industry over the forecast period owing to advantages like its use as a moisture barrier and in sustained release applications. Further, the barcode technology, particularly 2D barcodes like data matrix and QR code, accounted for a major share in the market in 2020 owing to its increased adoption in medical devices industry due to its low cost and robust build.
Region-wise, while North America accounted for the largest share in the industry in 2020, the Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the rapid growth in the production of pharmaceutical drugs in countries like China and India, along with development in the R&D sector.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global sustained release coatings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE [BAS (ETR)]
- Evonik Industries AG [EVK (ETR)]
- Colorcon, Inc.
- Coating Place, Inc.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Polymer Material Type, Application, Substrate, Region |
| Breakup by Polymer Material Type | Ethyl & Methyl Cellulose, Polyvinyl & Cellulose Acetate, Methacrylic Acid, Polyethylene Glycol (PEG), Others |
| Breakup by Application | In Vitro, In Vivo |
| Breakup by Substrate | Tablets, Capsules, Pills |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE [BAS (ETR)], Evonik Industries AG [EVK (ETR)], Colorcon, Inc., Coating Place, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sustained Release Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Sustained Release Coatings Historical Market (2018-2023)
8.3 Global Sustained Release Coatings Market Forecast (2024-2032)
8.4 Global Sustained Release Coatings Market by Polymer Material Type
8.4.1 Ethyl and Methyl Cellulose
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polyvinyl and Cellulose Acetate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Methacrylic Acid
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polyethylene Glycol (PEG)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Sustained Release Coatings Market by Application
8.5.1 In Vitro
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 In Vivo
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Sustained Release Coatings Market by Substrate
8.6.1 Tablets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Capsules
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Pills
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Sustained Release Coatings Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Sustained Release Coatings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Sustained Release Coatings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Sustained Release Coatings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Sustained Release Coatings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Sustained Release Coatings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BASF SE [BAS (ETR)]
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Evonik Industries AG [EVK (ETR)]
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Colorcon, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Coating Place, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.3.5 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sustained Release Coatings Market: Key Industry Highlights, 2018 and 2032
2. Global Sustained Release Coatings Historical Market: Breakup by Polymer Material Type (USD Million), 2018-2023
3. Global Sustained Release Coatings Market Forecast: Breakup by Polymer Material Type (USD Million), 2024-2032
4. Global Sustained Release Coatings Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Sustained Release Coatings Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Sustained Release Coatings Historical Market: Breakup by Substrate (USD Million), 2018-2023
7. Global Sustained Release Coatings Market Forecast: Breakup by Substrate (USD Million), 2024-2032
8. Global Sustained Release Coatings Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Sustained Release Coatings Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Sustained Release Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Sustained Release Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Sustained Release Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Sustained Release Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Sustained Release Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Sustained Release Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Sustained Release Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Sustained Release Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Sustained Release Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Sustained Release Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Sustained Release Coatings Market Structure
Key Questions Answered in the Report
In 2023, the global sustained release coatings market attained a value of nearly USD 537.75 million.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 780.01 million by 2032.
The major market drivers include the growing number of patent terminations, rising R&D activities, rising demand for sustained release coatings in emerging economies, and increasing use of sustained release coatings in in vitro applications.
The rising interest in microencapsulated coatings, the growing demand for high-performance substrate in pharmaceutical drug applications, and the rising awareness regarding the advantages of sustained release coatings are the key trends fuelling the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading polymer material types of sustained release coatings in the market are ethyl and methyl cellulose, polyvinyl and cellulose acetate, methacrylic acid, and polyethylene glycol (PEG), among others.
The significant applications of sustained release coatings are in vitro and in vivo.
The major substrates of sustained release coatings in the market are tablets, capsules, and pills.
The major players in the market are BASF SE, Evonik Industries AG, Colorcon, Inc., and Coating Place, Inc., among others.
Analyst Review
The global sustained release coatings market attained a value of USD 537.75 million in 2023, driven by the growing number of patent terminations. Aided by the rising interest in microencapsulated items, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.4%. The market is projected to reach USD 780.01 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on polymer material type, the industry can be divided into ethyl and methyl cellulose, polyvinyl and cellulose acetate, methacrylic acid, polyethylene glycol (PEG), and others. By application, the market is segmented into in vitro, and in vivo. On the basis of substrate, the industry can be classified into tablets, capsules, and pills. The major regional markets for sustained release coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Evonik Industries AG, Colorcon, Coating Place Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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