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Best stock selection karna #trading #stockmarket #intradaytradingleader, has launched PureCoat and UltraMod - innovative film coatings and polymer blends. These cutting-edge solutions aim to enhance drug delivery, improve patient compliance, and boost overall product efficacy. The global pharmaceutical coatings market, valued at USD 1.01 billion in 2023, is projected to reach USD 1.62 billion by 2031, with a CAGR of 6.1 per cent. Sigachi's new products target this growing market, leveraging its pharmaceutical expertise and advanced manufacturing capabilities to address challenges like drug stability and bioavailability.
India’s pharmaceutical coatings market is estimated at 45,000 to 50,000 MT, a portion of the global market where India contributes around 15 per cent. Sigachi aims for a 16-18 per cent share of the Indian market, valued at approximately USD 202 million, within three years.