As per this study the Global Microencapsulation Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Microencapsulation is the process of enveloping microparticles of solids, liquids, and gas within a microcapsule. The polymeric coating of microcapsule acts as a protective layer for the active ingredient and isolates it from surrounding exposure. Microencapsulation increases the stability and shelf life of the microparticles. It includes various technologies such as spray, emulsion, coating, and dripping. Owing to this, it is widely used in food & beverage, personal and home care products, pharmaceutical, and textile sector.
Rising adoption of microencapsulation to protect the active ingredient, for controlled release of core materials, and better handling of ingredients is promoting its application across various industries. Growing usage in efficient drug delivery and administration process is driving the market growth. Increasing demand for encapsulated flavors and fragrance from food & beverage and cosmetic industry is further pushing the demand for microencapsulation. Also, increasing awareness and continuous research on the development of novel technologies is likely to foster the market growth in the forecasting period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of microencapsulation.
The broad microencapsulation market has been sub-grouped into coating material, technology and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Coating Material
- Gums & Resins
- Spray Technologies
- Pharmaceutical & Health Care Products
- Home & Personal Care
- Food & Beverage
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for microencapsulation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Microencapsulation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the microencapsulation market includes AVEKA Group, Balchem, BASF SE, Bayer AG, Capsulae, Dow Corning Corporation, Encapsys LLC, Evonik Industries AG, GAT Microencapsulation GmbH, InnoBio Limited, Lipo Technologies (Vantage), LycoRed Group, Microtek Laboratories, Inc., Reed Pacific Pty Ltd., Ronald T. Dodge Co. and TasteTech Ltd among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.