San Francisco, 28 December 2018: The Report Microencapsulation Market Analysis Report By Technology, By Coating Material, By Application
(Pharmaceutical, Home & Personal Care, Food & Beverages, Textile,
Agrochemicals), And Segment Forecasts, 2018 – 2025
According to a report
published by Grand View Research, Inc.; the global microencapsulation market is
anticipated to accomplish a valuation of around USD 19.34 billion by 2025. Increasing
use of the technology in pharmaceuticals and several other end-use industries
can propel the market during the forecast period (2014 to 2025).
Microencapsulation is used to provide protection to vaccines and active drugs such
as cisplatin, naltrexone, lidocaine, insulin, progesterone, peptides, and proteins.
Important application of the technology such as drug delivery system,
protection of material from weatherization, cell encapsulation, and particle
size reduction can drive the growth.
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| Microencapsulation Market |
Rising awareness about advantages
of the technology is expected to boost the adoption rate in the coming years. The
technology provides benefits such as protection of core material, controlled
release of core element, and enhanced handling of ingredients. Additionally,
the technology can be used in masking taste, odor, and activity of encapsulated
ingredients can bode well for the market during the forecast period. Increasing
demand for microencapsulated fragrances, flavors, probiotic bacteria, and immobilized
enzymes in the food and beverage is expected to drive the market growth in the
coming years.
Access Research Report of Microencapsulation Market@ www.grandviewresearch.com/industry-analysis/microencapsulation-market
The technology is also being
used in textiles in which sensitive chemicals are utilized to provide a significant
effect to the fabric. Increasing demand for cosmetotextiles and different
textiles such as insect repellant, photochromic, thermochromic, and antimicrobial
is expected to drive the market growth in the coming years.
Worldwide microencapsulation
market can be segmented on the basis of coating materials, technology, application,
and region. Based on coating materials, the market can be bifurcated into carbohydrates,
polymers, gums and resins, lipids, and proteins. The polymers segment captured 27.4%
of the total revenue in 2017. This can be ascribed to its broad application
scope due to their greater characteristics. As per technology, the market can
be categorized into coating, spray technologies, emulsion, dripping, and
others. In terms of revenue, the spray technologies segment is projected to display
a CAGR of 14.1% throughout the forecast period. Advantages such as high
encapsulation efficiency with large-scale production and low processing cost
can drive the segment growth. Based on application, the market can be split
into home and personal care, pharmaceutical and health care products, food and
beverages, construction, agrochemicals, textile, and others. In 2017, the
pharmaceutical and healthcare products segment held for more than 65.0% of the total
market. This can be attributed to benefits offered by the technology such as masking
odor and bitter taste, controlled and sustain drug delivery, and protection of
drug from environmental factors. The home and personal care segment is projected
to rise at a CAGR of 15.6% due to increasing use of technology in cosmetics and
personal care products.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Geographically, the market can
be divided into North America, Europe, Asia Pacific, and Rest of World. North
America held for the largest market share in terms of the revenue in 2017 due
to high adoption of the technology in pharmaceutical, personal care, and food
processing industry. Growing textile industry is also projected to support the
regional market in the coming years. The U.S. occupied over 82.0 % of the
overall regional market due to high utilization of the technology in
pharmaceuticals and healthcare sectors. Europe reported as the second largest
market in 2017. This can be credited to availability of raw materials and
advanced coating technologies. Countries such as France, Germany, Italy, and
the U.K. are the leading contributor in the region due to high adoption of the
technology in pharmaceuticals.
Asia Pacific is considered as
one of the attractive regions. The region is expected to register CAGR of 15.6%
during the forecast period. This can be attributed to growing food processing
and pharmaceutical industries in India, China, and Japan. Demand for the
technology is high in food and beverage industry for making probiotic bacteria,
nutritional supplements, and enzymes. Additionally, thriving detergents market
in the region is also anticipated to supplement the regional growth in the
years to come.
Prominent companies operating
in the microencapsulation market include Dow Corning Corporation, InnoBio
Limited, Bayer AG, Ronald T. Dodge Co., and Reed Pacific Pty Ltd.
Access
Press Release of Microencapsulation Market@
www.grandviewresearch.com/press-release/global-microencapsulation-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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