Market Overview:
The global time release coatings market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for time release coatings from pharmaceutical companies, hospitals and clinics, and other end users. In terms of type, the tablets segment is expected to lead the global time release coatings market during the forecast period. This can be attributed to the growing demand for tablets as a dosage form across various applications. In terms of application, pharmaceutical companies are expected to account for a major share of the global time release coatings market during the forecast period.
Product Definition:
A time-release coating is a type of coating that is designed to release a drug or other agent over an extended period of time. This type of coating can be used to provide sustained-release medication, or to release agents such as pesticides or fertilizers gradually over time. The importance of using a time-release coating depends on the application. In some cases, it can be critical for the agent being released to be released in a controlled and consistent manner. In other cases, it may simply be desirable to have the agent released slowly over an extended period of time.
Tablets Time Release Coatings:
Time release coatings are a group of specialty adhesives that have been developed to meet the growing demand for controlled drug delivery systems. They are classified as water-based or solvent-based, based on their formulation and application. The time release coating is applied to the tablets and once it sets up, it continues to deliver drugs until the tablet is completely consumed.
The global market for time release coatings was valued at USD 1,849 million in 2015.
Capsules Time Release Coatings:
Capsules time release coatings are a type of drug delivery system that is used to control the release of drugs over a certain period. It works by forming an outer shell around the active ingredient which contains several micro-channels through which the drug can pass. These capsules are then released in the body at a specific rate depending upon its chemical properties, by either using enzymatic or non-enzymatic degradation methods.
Application Insights:
The pharmaceutical company was the largest application segment in 2017 and accounted for over 30% of the global market share. The growth can be attributed to increasing use of time release coatings in capsules, tablets & pills as they help control drug release rate which results in improved patient compliance.
The hospital and clinic is expected to grow at a significant rate over the forecast period owing to rising number of patients suffering from chronic diseases such as heart disease, high blood pressure levels etc., seeking medical treatment at hospitals or clinics. This trend is likely to increase due course of future resulting in increased demand for tablets and capsules which will drive growth further.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing healthcare spending and growing pharmaceutical industry in U.S., which will drive demand for time release coatings from capsules and tablets type application segment over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regional markets during the forecast years due to factors such as rising population, improving economic conditions, expanding medical sector especially in China & India and increasing investments by multinational companies for manufacturing capsule or tablet based medicines with improved taste & quality compared to those manufactured using conventional techniques thus driving product demand across this region during estimated time frame.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from end-use industries: The global market for time release coatings is projected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand from end-use industries such as automotive, medical devices, and food & beverage.
- Growing popularity of time release coatings in Asia Pacific: The Asia Pacific region is expected to be the fastest-growing market for time release coatings during the forecast period, owing to the growing awareness about these coatings and their benefits among consumers and manufacturers alike.
- Rising R&D expenditure by coating manufacturers: Key players in the global time release coatings market are investing heavily in R&D activities with a view to develop innovative products that can cater to specific needs of different end-use industries. This is likely to boost growth of the market over the next few years.
- Increasing use of nanotechnology in time release coatings: Nanotechnology has emerged as an important technology for development of advancedtimereleasecoatingsandislikelytobethedominantgrowthdriverforthemarketin thenearfuture .
Scope Of The Report
Report Attributes
Report Details
Report Title
Time Release Coatings Market Research Report
By Type
Tablets Time Release Coatings, Capsules Time Release Coatings, Pills Time Release Coatings
By Application
Pharmaceutical Company, Hospital and Clinic, Other
By Companies
Colorcon, BASF, Coating Place, Dow Corning, Evonik Industries, Shin-Etsu Chemicals Company Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Time Release Coatings Market Report Segments:
The global Time Release Coatings market is segmented on the basis of:
Types
Tablets Time Release Coatings, Capsules Time Release Coatings, Pills Time Release Coatings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Company, Hospital and Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Colorcon
- BASF
- Coating Place
- Dow Corning
- Evonik Industries
- Shin-Etsu Chemicals Company Limited
Highlights of The Time Release Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tablets Time Release Coatings
- Capsules Time Release Coatings
- Pills Time Release Coatings
- By Application:
- Pharmaceutical Company
- Hospital and Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Time Release Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Time release coatings are a type of coating that slowly releases a substance over time. This can be used to control the release of a chemical, oil, or other substance from an object.
Some of the major players in the time release coatings market are Colorcon, BASF, Coating Place, Dow Corning, Evonik Industries, Shin-Etsu Chemicals Company Limited.
The time release coatings market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Time Release Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Time Release Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Time Release Coatings Market - Supply Chain
4.5. Global Time Release Coatings Market Forecast
4.5.1. Time Release Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Time Release Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Time Release Coatings Market Absolute $ Opportunity
5. Global Time Release Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Time Release Coatings Market Size and Volume Forecast by Type
5.3.1. Tablets Time Release Coatings
5.3.2. Capsules Time Release Coatings
5.3.3. Pills Time Release Coatings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Time Release Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Time Release Coatings Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Company
6.3.2. Hospital and Clinic
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Time Release Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Time Release Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Time Release Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Time Release Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Time Release Coatings Demand Share Forecast, 2019-2026
9. North America Time Release Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Time Release Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Time Release Coatings Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Company
9.4.2. Hospital and Clinic
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Time Release Coatings Market Size and Volume Forecast by Type
9.7.1. Tablets Time Release Coatings
9.7.2. Capsules Time Release Coatings
9.7.3. Pills Time Release Coatings
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Time Release Coatings Demand Share Forecast, 2019-2026
10. Latin America Time Release Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Time Release Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Time Release Coatings Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Company
10.4.2. Hospital and Clinic
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Time Release Coatings Market Size and Volume Forecast by Type
10.7.1. Tablets Time Release Coatings
10.7.2. Capsules Time Release Coatings
10.7.3. Pills Time Release Coatings
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Time Release Coatings Demand Share Forecast, 2019-2026
11. Europe Time Release Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Time Release Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Time Release Coatings Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Company
11.4.2. Hospital and Clinic
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Time Release Coatings Market Size and Volume Forecast by Type
11.7.1. Tablets Time Release Coatings
11.7.2. Capsules Time Release Coatings
11.7.3. Pills Time Release Coatings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Time Release Coatings Demand Share, 2019-2026
12. Asia Pacific Time Release Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Time Release Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Time Release Coatings Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Company
12.4.2. Hospital and Clinic
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Time Release Coatings Market Size and Volume Forecast by Type
12.7.1. Tablets Time Release Coatings
12.7.2. Capsules Time Release Coatings
12.7.3. Pills Time Release Coatings
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Time Release Coatings Demand Share, 2019-2026
13. Middle East & Africa Time Release Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Time Release Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Time Release Coatings Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Company
13.4.2. Hospital and Clinic
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Time Release Coatings Market Size and Volume Forecast by Type
13.7.1. Tablets Time Release Coatings
13.7.2. Capsules Time Release Coatings
13.7.3. Pills Time Release Coatings
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Time Release Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Time Release Coatings Market: Market Share Analysis
14.2. Time Release Coatings Distributors and Customers
14.3. Time Release Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Colorcon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Coating Place
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dow Corning
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Evonik Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shin-Etsu Chemicals Company Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook