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Microencapsulation Market to garner extensive remuneration from pharmaceutical applications

Author : Rahul Varpe | Published Date : 2019-03-19 

Global microencapsulation market is largely driven by the growing demand from the pharmaceutical, functional food, and agrochemical sectors for controlled release of the active compounds. Rising need of multicomponent delivery systems, reducing capsule size, and growing bioavailability of drugs will provide substantial opportunities in the regions with rich healthcare industry such as the U.S. and Western Europe, which is expected to positively swell the microencapsulation market during the forecast period.

Excellent properties associated with microencapsulating technology such as preventing quick release of edible dietary substitutes and several nutrient additives, by enclosing them inside a covering, is projected to have an optimistic impact on the growth of microencapsulation industry.

Additionally, extensive use of this technology in home care, personal care and fragrance industries is fueling the growth of microencapsulation market share. Rapidly rising demand for high performance cleansers from the household & personal care industry is expected to surge the global microencapsulation industry share in the projected timeframe.

To access a sample copy or view the Microencapsulation Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/2107

Ongoing research and rising demand for substitute technologies such as nanoencapsulation technology and high processing cost of microencapsulation technology are expected to become an obstacle in the growth of the microencapsulation market over the forecast timespan. High costs and technical knowhow associated with the market may hinder the potential growth over the coming years.

Report Metric  

  • Market Size available for years :  2018-2024
     
  • Base year considered :    2017
     
  • Forecast period :   2019–2024
     
  • Forecast Value : 14 Bn (USD)
     
  • Segments covered :  Technology, Core Material, Coating Material, Application, Regional Outlook
     
  • Geographies covered :  North America, Europe, Asia Pacific,Latin America, MEA
     
  • Companies covered :   BASF S.E., Dow Corning Corporation,  Lipo Technologies, Ronald T. Dodge Company, Balchem Corporation, Encapsys,  Capsulae, Aveka, Inc., Microtek Laboratories, Inc, Reed Pacific,  Bayer AG., 3M, Taste Tech Ltd, Evonik Industries AG, Syngenta Crop Protection AG

Microencapsulation market has been segmented into core materials, coating materials, technology and application. Solid core material held a substantial portion of the market of over 20% due to its property to easily disperse in a supporting air stream and also act as diluents, active constituents, stabilizers, accelerators and excipients.

The applications include pharmaceuticals, food additives, house hold products and agrochemicals. Pharmaceuticals sector will hold sway the application segments accounting for over two -third of the total market in 2024.

Europe will be the second largest regional market in 2024 after North America. The regional market is rapidly advancing in terms of availability of coating technologies, raw materials and applications. Developed economies such as UK, Germany, France, and Italy are at the forefront of the regional market due to the heavy penetration of the technology in the pharmaceutical industry.

The primary companies in the microencapsulation market involve Dow, 3M, Bayer, BASF, Syngenta and Encapsys which hold a major portion of the total company market.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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