New York, NY, August 13, 2015 –(PR.com)– The microcapsule or microsphere formed through the process of microencapsulation is causing many breakthrough inventions in various industries and sectors. Increased shelf life, masking some undesired properties, converting liquid active compound into solid, controlled, delayed or sustained release of the active agent are some of the ways microencapsulation is bringing innovation.
In the near future the microencapsulation market is expected to be driven by increasing demand of functional foods, fortified foods and its pharmaceutical applications. Moreover with on-going research and development companies are trying to add specific properties to their matured product lines thus giving new life to these products.
DecisionDatabases.com foresees the microencapsulation market to surpass US$ 8.5 Bn by 2021 based on its usage across various industries like personal care and cosmetics, household products, agrochemicals, textiles, chemicals, constructions among others will be playing a major role to reach this figure.
Microencapsulation market is majorly captured by Europe and North America owing to its huge research base in pharmaceuticals, food additives and biotechnology. As per the report added by DecisionDatabases.com, Asia-Pacific will be the prospective growth market for microencapsulation, banking on the economic and end user industries growth and usage.
An overall 8 – 8.5% CAGR is expected from 2015 to 2021 as per the details in the report by DecisionDatabases.com found at http://www.decisiondatabases.com/ip/143-microencapsulation-market-research-report
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