Market
Introduction:
Microcapsules
are a biochemical formulations enclosing a mono or multinuclear core
with a coating material. It is a drug delivery system for sustaining
the drug release to a specific target and decreasing the toxicity of
the drug. The microcapsules are generally designed to be used at an
input of 0.5-5%
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The
global microcapsules market is persistently leveraging new
technologies to create naive microcapsule application. The
microcapsules are used to enclose ingredients such as drug, pigments,
agrochemicals, pharmaceuticals, detergents, functional food,
industrial chemicals and others. However, the global microcapsules
market is a high potential market since the free microcapsules can be
tailored to perform in the most sensitive to the most demanding of
the applications. The pharmaceutical application of microcapsule is
expected to have the largest market share in terms of CAGR. The
developing countries are not expected to be far behind in terms of
showcasing the growth in the global microcapsule market.
Global
Microcapsules market: Segmentation
Global
microcapsules market can be segmented on the basis of application,
encapsulated material, shell material, technology used and region.
On
the basis of application, global microcapsules market can be
segmented into Food & Beverages, Pharmaceuticals,
Neutraceuticals, Flavors & Fragrances, Cosmetics, Textiles,
Homecare, Paints and coatings and others.
On
the basis of encapsulated material, global microcapsules market can
be segmented into Mononuclear, Polynuclear, Matrix type and others.
Global
microcapsules market can be further segmented on the basis of shell
material into Natural and Synthetic where the natural segmented can
be further sub segmented into proteins, carbohydrates and waxes.
On
the basis of technology, Global microcapsules market can be segmented
into Physical, chemical and Physicochemical.
On
the basis of region, Global
microcapsules market can be segmented into seven key regions:
North America, Latin America, West Europe, East Europe, Middle East
and Africa, Japan and Asia Pacific excluding Japan.
Global
Microcapsules market: Drivers, Restraints, and Trends
The
widespread uses of microcapsules in various industries in order to
increase their product functionality is driving the growth of the
global microcapsule market. The market players are responding to
these new opportunities and continuously increasing their global
presence and services is another factor which is driving the market
growth. Growing consumer end demand for a specific and targeting drug
delivery system is also fueling the growth of the global
microcapsules market. The investors backing the manufacturers of
microcapsules are lending the companies with a high initial
investment with the technologies which is also helping in market
acceleration. Continuous and increase researches in this field has
opened the gate for new innovations which are attracting the end
user of the product and escalating the growth of the global
microcapsule market. The intervening ideology like the taste masking
of a drug is the factor which has increased the younger consumers of
the microcapsule.
High
processing cost of a microcapsule and low switching cost between the
technologies are expected to hamper the growth of the global
microcapsule market within the forecasted period. Minimal
opportunities for new market players in terms of the investment is
also believed to be a factor for suppressing the global microcapsules
market.
Global
Microcapsules market: Regional Outlook
The
Pharmaceutical is expected to have the largest market share in terms
of revenue in the global microcapsule market. The active ingredient
controlled release is expected to be a driver for this growth.
Textiles is a also expected to be a prominent growth application in
the emerging and developing markets like India, China, Brazil which
are expected to grow rapidly over the forecasted period.
Asia
Pacific is expected to be the largest contributor in terms of revenue
in the global microcapsule market. China is considered to be the
major market in this region.
Latin
America is also expected not be much lagged behind that APAC in terms
of revenue and is expected to be the second largest market for the
global microcapsule market over the forecasted period.
Europe
is also expected to be depict a good growth in the market where
Germany is expected to be the largest contributor in the global
microcapsule market.
Global
Microcapsules market: Key Players
Some
of the prominent players of global microcapsules market are: RonaldT.
Dodge Company, Gem’innov, Kohler Paper Group, Encapsys, Lubrizol
Corporation, Tagra Biotechnologues Ltd, Solabia Group, Reed Pacific
Specialty Chemicals, Vobis,LLC and others
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