Microencapsulation Market Size By Technology (Chemical, Physiochemical, Electrostatic, Mechanical), By Core Material (Solid, Liquid, Gas), By Coating Material (Gelatin, Polyvinyl Alcohol, Ethyl Cellulose, Cellulose Acetate Phthalate), By Application (Pharmaceutical, Food Additives, Agrochemicals, Household Products), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Jan 2019  |  Report ID: GMI2107  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 269   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Microencapsulation Market size was over USD 7 billion in 2017 and is projected to expand at over 9% CAGR over the forecast timeframe.
 

U.S. Microencapsulation Market size, by application, 2013 - 2024 (USD Billion)

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Rapidly transforming lifestyles towards healthier regime combined with changing eating habits of individuals are the primary reason to drive the microencapsulation market growth by 2024. Microencapsulation technology captures the vital dietary nutrients and supplements in edible enclosing additives, as it may directly affect the taste and color of the end product. Moreover, the procedure offers several benefits such as protection of core materials, controlled release of core and improved handling of ingredients. Increasing use of the technology in masking taste, odor and activity of encapsulated materials is anticipated to fuel the product demand in edible product sector. Surging awareness regarding the benefits of microencapsulated medicinal capsules and dietary supplements is propelling the market growth.
 

Microencapsulation improves drug delivery and is used in a variety of novel drug administration practices. The prime reason for microencapsulating drug molecules is to ensure controlled drug distribution. This enables sustained and prolonged distribution of a drug in the body. For instance, its benefits can be seen in the case of Aspirin, as direct consumption of product can cause peptic ulcers and bleeding. Therefore, microencapsulated Aspirin works best in releasing a significant amount of the active ingredient. Moreover, the process ensures certain organoleptic properties such as off-flavors and smell of medicines can be masked, thereby increasing patient compliance.
 

Necessity for detailed research in order to choose the suitable method and core materials for the procedure is the key restraining factor for microencapsulation market growth throughout forecast period. Significant new material development and other experiments must be carried out before choosing the encapsulating material and technology which is required to enclose the core material. This continuous research and development activities incur an excessive cost and eventually it increases the overall product price, thus hampering the industry growth by 2024.

 

Microencapsulation Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 7 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 9% 2024 Value Projection: 14 Billion (USD)
Pages: 269 Tables, Charts & Figures: 293
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC
Segments covered: Technology, Core Material, Coating Material, Application and Region
Companies covered (16): BASF S.E., Dow Corning Corporation, Lipo Technologies, Ronald T. Dodge Company, Balchem Corporation, Encapsys, Capsulae, Aveka, Inc., Microtek Laboratories, Inc, Reed Pacific, Bayer AG., 3M, Taste Tech Ltd, Evonik Industries AG, GAT Microencapsulation GmbH, Syngenta Crop Protection AG
Growth Drivers:
  • Rising trend of functional foods
  • 2. Increasing acceptance of specialty detergents & cleaning agents
  • 3. Growth in pharmaceutical industry
Pitfalls & Challenges:
  • 1.   Requirement of extensive research for appropriate technology and core materials

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Microencapsulation Market, By Technology

Based on technology, the market is categorized into physiochemical, chemical, mechanical and electrostatic segments. Amid these, the mechanical technology segment is leading the microencapsulation market product segment accounting for around 60% of the overall industry due to its low cost. This process consists of numerous procedures such as air suspension, centrifugal process, spray congealing, pan coating and drying. Mechanical microencapsulation is broadly used in many end-user industries to produce microcapsules and microspheres.
 

Microencapsulation Market, By Core Material

Microencapsulation market is segmented according to core material which include solid, liquid and gas. In these cores, liquid core registered a substantial share of over 70% of the product market in 2017. Liquid core items involve oils, solvents, perfumes, pigments, solvents, fungicides, insecticides, dyes etc. These materials contain additional property of getting dissolved and dispersed.
 

Microencapsulation Market, By Coating Material

According to the coating materials the microencapsulation market is divided in polyvinyl alcohol, gelatin, ethyl cellulose, cellulose acetate phthalate and few other coating materials. Ethyl cellulose accounted for close to a third of the overall market in 2017 and is likely to grow at a significant rate over the forecast period. These resins are water insoluble and widely used in the pharma industry in viscosity increasing agent, form of filler, flavoring fixative, coating agent, and also employed as an emulsifier in food additive industry.
 

Gelatin is a widely used coating material surging at a considerable rate of more than 10% CAGR over the forecast spell. As the product is a water-soluble resin, it finds extensive usage in pharmaceutical, food, and agriculture industries.
 

Microencapsulation Market, By Application

The microencapsulation market is parted into four main sections that consists of food additives, pharmaceuticals, agrochemicals, household applications and few other applications. The pharmaceutical & healthcare products dominated the market in 2017 since microencapsulated medicines and dietary supplements are highly popular across the globe. This is followed by household & personal care products where a large number of fragrances, foaming agents, vitamins, essential oils, skin moisturizing agents, skin cooling agents, and anti-aging agents are manufactured using this technology.
 

Microencapsulation Market, By Region

The microencapsulation market was led by the North American region in 2017 owing to the dominating pharmaceutical and healthcare industries in the region. The Asia Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the food & beverages industry is expected to increase in the near future. Other factors accountable for the product growth in Asia Pacific are their technological advancements, emerging economies and rapid industrialization in the region.
 

Competitive Market Share

Microencapsulation market share is consolidated owing to the presence of few large-scale manufacturers. Prominent industry share contributors are Dow Corning, BASF, Syngenta Crop Protection, Encapsys, 3M, Evonik Industries and Bayer. Other important players in the market include Balchem Corporation, Ronald T. Dodge Company, Aveka, Reed Pacific, Capsulae, Taste Tech, Lipo, Microtek Laboratories, and GAT.
 

The manufacturers are making significant investment in R&D and collaborating with other organizations to expand their product portfolio and attain competitive edge over its competitors globally. For instance, BASF announced in November 2016 that it will enter into a collaboration with University of California, Davis for the development of new microencapsulation technology. The university has developed a technology combining multiple energy-intensive processing steps into one industrially efficient and scalable spray-drying step.
 

Industry Background  

Microencapsulation is a technology which involves coating an active ingredient in a shell. This allows sustained release of the active ingredient. Microencapsulation is deployed to increase stability and product life of the core material. This technology helps in controlled release of the encased active ingredient, thereby offering sustained benefits. The technology is broadly used by several end-user industries such as pharmaceuticals, food, agrochemicals, etc. Most of the industry players employ this technology to produce their final products such as drugs, detergents, fertilizers, etc.
 


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