Enteric Coating Market By Type (Aqueous Based Coating and Non Aqueous Based Coating), By Application (Health Supplements and Pharmaceuticals), and By Region (North America, Europe, Asian Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2034

Report Code: PMI366019 | Publish Date: December 2023 | No. of Pages: 160

Global Enteric Coating Market By Overview

An enteric coating is a coating on drugs that prevents its dissolution or disintegration in the gastric environment. It is applied on oral medication. It protects the stomach from the detrimental effects of the drug. Basically, it releases the drug in small intestine.

Increasing number of pharmaceuticals industries, thereby increasing demand from the same as well as nutraceuticals across the globe is the major driving factor for the target market growth. For instance, according to a data published by IFPMA International Federation of Pharmaceutical Manufacturers and Association in 2017, the research-based pharmaceutical industry is estimated to have spent nearly USD 149.8 billion globally on pharmaceutical R&D in 2015. In addition, enteric coatings surge absorption of the omega 3 fatty acids which has boosted the target market growth as well. Furthermore, enteric coating prevents side effects from fish oils such as fish burps or gas which has augmented the target market growth. However, pricing risk exists as the prices fluctuate for different raw materials which is anticipated to hamper the target market growth over the forecast period. Nevertheless, rise in government incentives to provide drugs at a lower cost is expected to create lucrative opportunities for the target market growth over the forecast period.

Enteric coating market is segmented based on type, application, by region. On the basis of type, the global enteric coating market is classified into aqueous based coating and non-aqueous based coating. Based on application, the global market is bifurcated into health supplements and pharmaceuticals. On the basis of region, the global enteric coating market is categorized into North America, Europe, Asian Pacific, Latin America, and Middle East & Africa.

North America market is anticipated to dominate the global market in terms of revenue over the forecast period. This can be attributed to the high rate of adoption of the advanced technologies in the market studied.

The key players operating the global Enteric Coating market involves J D Labs, Colorcon, Chanelle, BASF, Shaoxing Kangke Capsule Co., Ltd., Xinchang Kangdi Capsules Co., Ltd., and Purple Remedies Private Limited. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

Global Enteric Coating Market By Company Profile

  • J D Labs*
  • Company Overview
  • Type Portfolio
    • Key Highlights
    • Financial Performance
  • Colorcon
  • Chanelle
  • BASF
  • Shaoxing Kangke Capsule Co., Ltd.
  • Xinchang Kangdi Capsules Co., Ltd.
  • Purple Remedies Private Limited

“*” marked represents similar segmentation in other categories in the respective section

FAQs

The scope of the Enteric Coating Market is segmented into Type, Application, and Region.

The Enteric Coating Market is driven by factors such as the increasing demand for pharmaceuticals with enhanced stability and targeted release, advancements in coating technologies, and the rise in the production of oral dosage forms with improved patient compliance.

The high costs associated with enteric coating processes, regulatory challenges, and the need for specialized manufacturing equipment, which can pose barriers to market entry.

The report encompasses global regions, with a focus on pharmaceutical manufacturing hubs. The dominant region in the Enteric Coating Market may vary and should be determined based on the latest market reports, considering factors such as production volumes and technological advancements.

The key players operating the global Enteric Coating market involves J D Labs, Colorcon, Chanelle, BASF, Shaoxing Kangke Capsule Co., Ltd., Xinchang Kangdi Capsules Co., Ltd., and Purple Remedies Private Limited. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.