Global Microencapsulation Market is expected to Grow at a CAGR of 5% In Terms Of Revenue Till 2021
The Global microencapsulation market was valued at USD 4946.9 million in 2013 and is estimated to reach a value of USD 7252.7 million by 2021. The market is poised to grow at a CAGR of 5% between 2014 and 2021.
Globally the Asia Pacific market is expected to grow at a fastest rate followed by Europe. The growth in the Asia Pacific market is primarily driven by its fast growing markets such as India and China. Microencapsulation technology is widely used to control release of active ingredients by enclosing them. The primary applications of microencapsulation include pharmaceuticals, household products and utilities, agrochemicals, and food and feed additives. According to new report published by Aim Market insights a majority of revenue in microencapsulation market come from pharmaceuticals segment globally.
In the Asia Pacific region growing health concerns, rising consumption of nutraceutical capsules among consumers are expected to boost the market size over the next few years. Geographically North America is the largest market for microencapsulation at present followed by Europe, while Asia Pacific is the fastest growing.
The report published by Aim Market Insights provides detailed analysis of global microencapsulation market from 2015 to 2021. Furthermore, it highlights the changing industry trends of microencapsulation applications in pharmaceuticals, household products, agrochemicals and food and feed additives. The report also highlights drivers, restrains and opportunities for the microencapsulation companies in this region over the forecast period, 2015 to 2021. Furthermore, key investment market analysis provided in the report help the readers/companies understand the key investment markets and areas in the global market. Competitive landscape given in the report brings insights on the market share and position of the leading microencapsulation manufacturers in the global market. Key players mentioned in the study include Aveka, Inc., Balchem Inc., Lipo Technologies, BASF SE., Appvion Inc., Dow corning corporation, Ronald T. Dodge Company, GAT Microencapsulation GmbH, Midatech Pharma Plc., Evonik Industries AG
Report covers detailed analysis of microencapsulation market in
â¢ North America
â¢ Asia Pacific
â¢ Latin America
â¢ Rest of the World