Press release
Global Microencapsulation Market Growth 2019-2024
Microencapsulation Market
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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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.
According to this study, over the next five years the Microencapsulation market will register a 13.0% CAGR in terms of revenue, the global market size will reach US$ 2360 million by 2024, from US$ 1280 million in 2019
In particular, Microencapsulation Market report presents the global market share (sales and revenue) of key companies in Microencapsulation business, shared in Chapter 3.
Microencapsulation Market report presents a comprehensive overview, market shares, and growth opportunities of Microencapsulation market by product type, application, key manufacturers and key regions and countries.
This study considers the Microencapsulation value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Type I
Type II
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Pharmaceutical & Healthcare
Food and Beverage
Home & Personal Care
Agrochemical
Other
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Microencapsulation Market report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in Microencapsulation Market report
BASF
3M
Evonik
Balchem Corporation
Aveka
GAT Microencapsulation GmbH
DSM
Watson Inc
Vantage Specialty Chemicals
Encapsys
TasteTech
Microtek Laboratories
Reed Pacific
Capsulae
In addition, Microencapsulation Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Microencapsulation consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Microencapsulation market by identifying its various subsegments.
Focuses on the key global Microencapsulation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Microencapsulation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Microencapsulation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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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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Microencapsulation Market is expected to reach USD 17.44 billion by 2026 from 5.82 billion in 2016 at a CAGR of 11.6% (detailed analysis of growth rate has been provided in a report).
Increased awareness about health and wellness, nutrition in food product together with demand from the pharmaceutical industry are driving the global Microencapsulation Market
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