Global microencapsulation market is expected to reach USD 8.73 billion by 2020, according to a new study by Grand View Research, Inc. Rising importance of encapsulation technology in food & beverage, pharmaceutical, agriculture and detergent industries is expected to play a significant role in driving market growth. Growing demand for phase change materials (PCM) in HVAC and construction applications on account of providing better efficiency is expected to have a positive impact on microencapsulation market in the near future.
Pharmaceutical was the largest application, accounting for over 70% of market revenue share in 2013. Growing demand for microencapsulation for controlled release of active ingredients and targeted drug delivery is expected to have a positive impact on the market. Pharmaceutical growth in emerging economies of India, China and Brazil is expected to augment microencapsulation market over the forecast period. Emergence of nanotechnology and macrotechnology in pharmaceutical industry is expected to challenge market growth over the next six years. View summary of this report @ http://www.grandviewresearch.com/industry-analysis/microencapsulation-market Further key findings from the study suggest:
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/micro-molding-and-microspheres For the purpose of this study, Grand View Research has segmented the global microencapsulation market on the basis of application and region: Global Microencapsulation Application Outlook (Revenue, USD Million, 2012 - 2020)
Global Microencapsulation Regional Outlook (Revenue, USD Million, 2012 - 2020)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://www.mediafound.org/
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