Chile Microencapsulation Market Size & Outlook, 2023-2030
Chile microencapsulation market, 2018-2030 (US$M)
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Chile microencapsulation market highlights
- The Chile microencapsulation market generated a revenue of USD 22.9 million in 2023 and is expected to reach USD 46.2 million by 2030.
- The Chile market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Food & Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 22.9 million |
| Market revenue in 2030 | USD 46.2 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Food & Beverages |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical & Healthcare products, Home & Personal Care, Food & Beverages, Agrochemicals, Construction, Textile |
| Key market players worldwide | Basf SE, Evonik Industries AG, Bayer AG, Dow Inc, 3M Co, Balchem Corp, Encapsys, GAT Microencapsulation, Ronald T. Dodge, Innovent Biologics Inc, Natural Capsules, Reed Pacific Media, LycoRed, AVEKA, Microtek Laboratories, TasteTech |
Other key industry trends
- In terms of revenue, Chile accounted for 0.2% of the global microencapsulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 832.3 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile microencapsulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microencapsulation market will help companies and investors design strategic landscapes.
Pharmaceutical & healthcare products was the largest segment with a revenue share of 66.38% in 2023. Horizon Databook has segmented the Chile microencapsulation market based on pharmaceutical & healthcare products, home & personal care, food & beverages, agrochemicals, construction, textile covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is one of the developing regions with high manufacturing potential. However, the economic turmoil and instability in the countries such as Venezuela and Brazil is likely to hamper the growth of industries in the region.
The economy was on the verge of recovery in 2015. however, the corruption conviction of Brazilian President Luiz Inácio Lula da Silva, led the slowdown of the biggest economy in hte region, which negatively impacted the economic growth thereby hampering the growth of the industries restraining steel production and consumption of petcoke.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Chile microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile microencapsulation market size, by application, 2018-2030 (US$M)
Chile Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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