The global microencapsulation market is segmented by applications such as Pharmaceuticals, Household Utility Products, Agrochemicals, Food and Feed Additives and Others (PCM materials). The market is studied across key regions like North America, Europe, Asia Pacific, Latin America and Rest of the world. The global market size is estimated and forecasted in terms of revenue (in USD million) generated by the microencapsulation technology from 2017 to 2022. The global market is estimated to grow at a compound annual growth rate of 7.9% during 2017 to 2022. North America is the largest market of microencapsulation globally and accounted for more than 34% of market share in 2016. However Latin America and Asia Pacific are the fastest growing region for microencapsulation markets.
The global market is fueled by factors such as rising demand for functional foods, wide range of application of microencapsulation technology and growing demand of effective pharmaceuticals products. However the major restraints of the market are the challenges in the development of functional food ingredients to be incorporated in food and expensive technology.
The report includes in-depth analysis of market drivers, restraints, market trends and competitive landscape across various geographies. The competitive landscape section includes all market deals of last 3 years of microencapsulation market. It includes new product launches, mergers and acquisitions, joint ventures, agreements etc.
The market size is estimated and forecasted from 2016 to 2022 by utilizing the fundamental inputs gathered from comprehensive data extraction of both free and paid sources which are further validated by primary interviews and various macro-economic factors which affects the market. Market data extraction was not limited to microencapsulation market but also extracted for all related markets which affects or influences the microencapsulation market to see relative growth. Free sources were used for data extraction like association, standardization institutions and key company websites, annual reports, journals etc. Paid sources such as Factiva, Bloomberg, One Source etc. were also used.
The key companies of the market are 3M Company, Aveka, Balchem Corp., BASF, Capsulae, Celessence Technologies Limited, Dow Corning Corp, Evonik Industries AG, GAT, Lipo Technologies, Microtek Laboratories, Reed Pacific and Ronald T Dodge Co.