Press release
Microencapsulation Market to Witness Robust Expansion by 2023
Microencapsulation is a process in which tiny particles or droplets are surrounded by a coating to give small capsules, of many useful properties. In general, it is used to incorporate food ingredients, enzymes, cells or other materials on a micro metric scale. Microencapsulation usually refers to sizes ranging from 1 µm to 1 mm.
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Global Microencapsulation Market: Forecast by Type / Application / Region
Microencapsulation Technology has wide range of applications, such as Pharmaceutical & Healthcare, Food and Beverage, Home & Personal Care, Agrochemical, etc. And Pharmaceutical & Healthcare was the most widely used area which took up about 62.7% of the global total in 2017.
USA is the largest countries of Microencapsulation Technology in the world in the past few years and it will keep increasing in the next few years. USA market took up about 31.4% the global market in 2017, while EU and China were about 30.5%, 11.5%.
BASF, 3M, Evonik, Balchem Corporation, Aveka, GAT Microencapsulation GmbH, DSM, Watson Inc, Vantage Specialty Chemicals, Encapsys, TasteTech, Microtek Laboratories, Reed Pacific, Capsulae, etc. are the key suppliers in the global Microencapsulation Technology market. Top 5 took up about half of the global market in 2017. BASF, 3M, Evonik, Balchem Corporation, Aveka etc. which have leading technology and market position, are well-known suppliers around the world.
Over the next five years, LPI(LP Information) projects that Microencapsulation will register a 13.0% CAGR in terms of revenue, reach US$ 2360 million by 2023, from US$ 1280 million in 2017.
Global Microencapsulation Market: Key Players
BASF
3M
Evonik
Balchem Corporation
Aveka
GAT Microencapsulation GmbH
DSM
Watson Inc
Vantage Specialty Chemicals
Encapsys
TasteTech
Microtek Laboratories
Reed Pacific
Capsulae
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Related Information:
United States Microencapsulation Market Research Report 2018
Europe Microencapsulation Market Research Report 2018
North America Microencapsulation Market Research Report 2018
Asia-Pacific Microencapsulation Market Research Report 2018
China Microencapsulation Market Research Report 2018
EMEA Microencapsulation Market Research Report 2018
Global Microencapsulation Market Research Report 2018
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Abstract:
Microencapsulation is a process in which tiny particles or droplets are surrounded by a coating to give small capsules, of many useful properties. In general, it is used to incorporate food ingredients, enzymes, cells or other materials on a micro metric scale. Microencapsulation usually refers to sizes ranging from 1 µm to 1 mm.
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