Market Overview:
Microspheres and microcapsules are small particles with a diameter of less than 1 micrometer. They are used in various applications such as chemical, pharmaceutical, cosmetic, and food. The global microspheres and microcapsules market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market is mainly driven by the increasing demand for microspheres and microcapsules from the chemical industry. The global microspheres and microcapsules market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into chemical grade, pharmaceutical grade, food grade, and others. Chemical grade is further sub-segmented into inorganic & organic types while pharmaceutical grade is further sub-segmented into sterile & non-sterile types. On the basis of application, the market can be classified into chemical industry (paints & coatings), pharmaceuticals (drug delivery), cosmetics (skin care products), food industry (flavors & essences), nutraceuticals (vitamin supplements), agricultural biotechnology products (plant protection agents) among others).
Product Definition:
Microspheres are spherical particles that have a diameter of less than 1,000 micrometers. Microcapsules are capsules that have a diameter of less than 1,000 micrometers and contain one or more microspheres.
The importance of microspheres and microcapsules lies in their ability to encapsulate molecules or cells within a polymer shell. This can protect the molecules or cells from the environment and also allow for controlled release of the enclosed material over time.
Chemical Grade:
Chemical grade is the purity of chemicals as per the standard set by the regulatory body. It helps in maintaining uniformity, quality, and effectiveness of products manufactured using microspheres & microcapsules technology. Chemical grade also helps to maintain consistency in product properties such as size, shape and color which are very important for Microspheres & Microcapsules market.
Different types of chemical grades include technical grade, commercial/industrial-grade.
Pharmaceutical Grade:
Pharmaceutical grade is used in the production of microspheres and microcapsules. Microspheres are solid spherical particles ranging from 0.1 to 1000 µm, while microcapsules are transparent hollow spheres containing a drug substance that can be released upon administration to the target site.
The pharmaceutical industry has been witnessing significant growth over the past few years on account of increasing R&D activities for new drug development coupled with rising healthcare expenditure across various countries globally.
Application Insights:
The chemical application segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing demand for microspheres and microcapsules from various chemical companies. In addition, favorable government regulations for nanotechnology-based products are also expected to drive the segment over the forecast period.
Microspheres and microcapsules find applications in several fields such as cosmetics, food additives, pharmaceuticals among others. Increasing R&D activities on part of manufacturers are driving product innovation which is further driving demand across various end-use industries globally.
Pharmaceutical grade capsules & spheres offer advantages such as precise size distribution control, high stability & purity levels and enhanced bioavailability due to encapsulation process followed by its commercialization with biodegradable polymers like ethylene oxide (EO) or polylactic acid (PLA).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to high product demand from various application sectors, including chemical, pharmaceutical, cosmetic and food. In addition, increasing R&D activities for development of new products and rising adoption of microspheres-based drug delivery systems are also driving growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid developments taking place in end-use industries such as healthcare & life sciences; nutraceuticals & foods; chemicals & petrochemicals; and others. Increasing disposable income levels coupled with growing population have resulted into increased demand for consumer goods which will further boost regional market expansion over the next eight years time span.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for controlled drug delivery systems
- Rising prevalence of chronic diseases and growing geriatric population
- Technological advancements in microspheres and microcapsules manufacturing process
- Growing application of microspheres and microcapsules in diagnostics and therapeutics
- Rising investments by pharmaceutical companies for the development of novel drug delivery systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Microspheres and Microcapsules Market Research Report
By Type
Chemical Grade, Pharmaceutical Grade, Food Grade
By Application
Chemical, Pharmaceutical, Cosmetic, Food
By Companies
Brace GmbH, Phosphorex, AkzoNobel, Matsumoto Yushi-Seiyaku, Sekisui Chemical, Chase Corporation, Momentive, Thermo Fisher, PolyMicrospheres, Luminex Corporation, Imperial Microspheres, The Kish Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Microspheres and Microcapsules Market Report Segments:
The global Microspheres and Microcapsules market is segmented on the basis of:
Types
Chemical Grade, Pharmaceutical Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Pharmaceutical, Cosmetic, Food
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brace GmbH
- Phosphorex
- AkzoNobel
- Matsumoto Yushi-Seiyaku
- Sekisui Chemical
- Chase Corporation
- Momentive
- Thermo Fisher
- PolyMicrospheres
- Luminex Corporation
- Imperial Microspheres
- The Kish Company
Highlights of The Microspheres and Microcapsules Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical Grade
- Pharmaceutical Grade
- Food Grade
- By Application:
- Chemical
- Pharmaceutical
- Cosmetic
- Food
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microspheres and Microcapsules Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microspheres and microcapsules are small, round objects made of a solid material that is in the form of a sphere or capsule. Microspheres and microcapsules can be used to deliver drugs, vaccines, or other treatments directly to the body.
Some of the key players operating in the microspheres and microcapsules market are Brace GmbH, Phosphorex, AkzoNobel, Matsumoto Yushi-Seiyaku, Sekisui Chemical, Chase Corporation, Momentive, Thermo Fisher, PolyMicrospheres, Luminex Corporation, Imperial Microspheres, The Kish Company.
The microspheres and microcapsules market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microspheres and Microcapsules Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microspheres and Microcapsules Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microspheres and Microcapsules Market - Supply Chain
4.5. Global Microspheres and Microcapsules Market Forecast
4.5.1. Microspheres and Microcapsules Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microspheres and Microcapsules Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microspheres and Microcapsules Market Absolute $ Opportunity
5. Global Microspheres and Microcapsules Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microspheres and Microcapsules Market Size and Volume Forecast by Type
5.3.1. Chemical Grade
5.3.2. Pharmaceutical Grade
5.3.3. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microspheres and Microcapsules Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microspheres and Microcapsules Market Size and Volume Forecast by Application
6.3.1. Chemical
6.3.2. Pharmaceutical
6.3.3. Cosmetic
6.3.4. Food
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microspheres and Microcapsules Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microspheres and Microcapsules Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microspheres and Microcapsules Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microspheres and Microcapsules Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microspheres and Microcapsules Demand Share Forecast, 2019-2026
9. North America Microspheres and Microcapsules Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microspheres and Microcapsules Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microspheres and Microcapsules Market Size and Volume Forecast by Application
9.4.1. Chemical
9.4.2. Pharmaceutical
9.4.3. Cosmetic
9.4.4. Food
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microspheres and Microcapsules Market Size and Volume Forecast by Type
9.7.1. Chemical Grade
9.7.2. Pharmaceutical Grade
9.7.3. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microspheres and Microcapsules Demand Share Forecast, 2019-2026
10. Latin America Microspheres and Microcapsules Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microspheres and Microcapsules Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microspheres and Microcapsules Market Size and Volume Forecast by Application
10.4.1. Chemical
10.4.2. Pharmaceutical
10.4.3. Cosmetic
10.4.4. Food
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microspheres and Microcapsules Market Size and Volume Forecast by Type
10.7.1. Chemical Grade
10.7.2. Pharmaceutical Grade
10.7.3. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microspheres and Microcapsules Demand Share Forecast, 2019-2026
11. Europe Microspheres and Microcapsules Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microspheres and Microcapsules Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microspheres and Microcapsules Market Size and Volume Forecast by Application
11.4.1. Chemical
11.4.2. Pharmaceutical
11.4.3. Cosmetic
11.4.4. Food
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microspheres and Microcapsules Market Size and Volume Forecast by Type
11.7.1. Chemical Grade
11.7.2. Pharmaceutical Grade
11.7.3. Food Grade 11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microspheres and Microcapsules Demand Share, 2019-2026
12. Asia Pacific Microspheres and Microcapsules Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microspheres and Microcapsules Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microspheres and Microcapsules Market Size and Volume Forecast by Application
12.4.1. Chemical
12.4.2. Pharmaceutical
12.4.3. Cosmetic
12.4.4. Food
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microspheres and Microcapsules Market Size and Volume Forecast by Type
12.7.1. Chemical Grade
12.7.2. Pharmaceutical Grade
12.7.3. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microspheres and Microcapsules Demand Share, 2019-2026
13. Middle East & Africa Microspheres and Microcapsules Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microspheres and Microcapsules Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microspheres and Microcapsules Market Size and Volume Forecast by Application
13.4.1. Chemical
13.4.2. Pharmaceutical
13.4.3. Cosmetic
13.4.4. Food
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microspheres and Microcapsules Market Size and Volume Forecast by Type
13.7.1. Chemical Grade
13.7.2. Pharmaceutical Grade
13.7.3. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microspheres and Microcapsules Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microspheres and Microcapsules Market: Market Share Analysis
14.2. Microspheres and Microcapsules Distributors and Customers
14.3. Microspheres and Microcapsules Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Brace GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Phosphorex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AkzoNobel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Matsumoto Yushi-Seiyaku
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sekisui Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chase Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Momentive
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thermo Fisher
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PolyMicrospheres
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Luminex Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Imperial Microspheres
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. The Kish Company
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
