Microencapsulation Market Analysis

Microencapsulation Market Analysis

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 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 is segmented according to core materials 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.

According to the coating materials the microencapsulation market is divided into 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.

The microencapsulation market is parted into four main sections that consist of food additives, pharmaceuticals, agrochemicals, household applications and few other applications. 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.
 

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.