New Market Research Reports Title “Microencapsulation Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database
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.
Browse full research report on Global Microencapsulation Market: http://www.grandviewresearch.com/industry-analysis/microencapsulation-market
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.
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Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: 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)