China Microencapsulation Market Size & Outlook, 2023-2030
China microencapsulation market, 2018-2030 (US$M)
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China microencapsulation market highlights
- The China microencapsulation market generated a revenue of USD 1,299.1 million in 2023 and is expected to reach USD 2,900.4 million by 2030.
- The China market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Home & Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 1,299.1 million |
| Market revenue in 2030 | USD 2,900.4 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Home & Personal Care |
| 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, China accounted for 10.0% 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 Asia Pacific, China microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 887.4 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 66.43% in 2023. Horizon Databook has segmented the China 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.
China accounted for the largest market for the microencapsulation technologies on account of presence of large number of industries, population growth, increasing per capita spending on pharmaceuticals and several other factors.
China is the major producer of soaps and detergents with the presence of major players including Nice Group, Guangzhou Gaojue Cosmetic Co., Ltd., Lonkey Industrial Co., Ltd., Zanyu Technology Group Co., Ltd. Spray drying produces microencapsulated powder detergents by spraying the liquid mixture through nozzles under high pressure to create small droplets have major impact on market growth with increasing production of home & personal care products in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the China microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into China microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China microencapsulation market size, by application, 2018-2030 (US$M)
China Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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