New York, Dec. 11, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Sustained Release Coatings Market, By Polymer Material Type, By Application, By Substrate Type, By Region, Competition, Forecast & Opportunities, 2025” – https://www.reportlinker.com/p05916873/?utm_source=GNW
Global sustained release coatings market size was valued at USD 562.51 million in 2019 and is projected to grow at CAGR of 7.80% during the forecast period. The key factor responsible for increased demand for sustained release coatings is upsurge in the requirement for microencapsulated products. Besides, increased investments in research and development activities by the major market players is another major factor for the growth of sustained release coatings market across various economies over the course of next five years.
The global sustained release coatings market is segmented on the basis of polymer material type, application, substrate type, and region.Based on substrate type, the market can be segmented into tablets, capsules, pills, pellets and multiparticulate powder.
Out of these, the tablet substrate type dominated the market with share of 59.85% in 2019 and the segment is forecast to continue its dominance until 2025. Growth of tablets segment can be accredited to the development of mini tablets and benefits they offers such as ease of manufacturing, less risk of dose dumping, and minimal requirement of coating material. In addition, their production does not require the use of solvent which is further boosting the growth of the segment across the globe.
Major players operating in the global sustained release coatings market include BASF SE, Evonik Industries Inc, Colorcon Inc, Ideal Cures Pvt. Ltd., Shin-Etsu Chemical Co. Ltd., Kerry Group plc, BIOGRUND GmbH, Seppic SA, Torrent Pharmaceuticals Limited, and Tianjin ILE Pharmaceutical Materials Co., Ltd. The companies operating in global sustained release coatings market are focussing more towards expanding their share in the market. For instance, Colorcon formed an alliance with DuPont Nutrition and Bioscience for Controlled Released (CR) segment by adding DuPont’s Aquacoat range CR products in its portfolio.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyse and forecast the market size of global sustained release coatings market.
• To classify and forecast global sustained release coatings market based on polymer material type, application, substrate type, company and regional distribution.
• To identify drivers and challenges for global sustained release coatings market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global sustained release coatings market.
• To conduct pricing analysis for global sustained release coatings market.
• To identify and analyse the profile of leading players operating in global sustained release coatings market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the companies which could not be identified due to the limitations of secondary research. The analyst examined the new products, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global sustained release coatings market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Sustained release coatings manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to sustained release coatings
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global sustained release coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Polymer Material Type:
o Ethyl & Methyl Cellulose
o Polyvinyl Alcohol
o Methacrylic Acid Copolymer
o Cellulose Acetate
• Market, By Application:
o In Vitro
o In Vivo
• Market, By Substrate Type:
o Multiparticulate Powder
• Market, By Region:
o North America
– United States
– United Kingdom
– South Korea
o Middle East and Africa
– South Africa
– Saudi Arabia
o South America
Company Profiles: Detailed analysis of the major companies present in global sustained release coatings market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05916873/?utm_source=GNW
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