Spain Microencapsulation Market Size & Outlook, 2023-2030
Spain microencapsulation market, 2018-2030 (US$M)
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Spain microencapsulation market highlights
- The Spain microencapsulation market generated a revenue of USD 435.2 million in 2023 and is expected to reach USD 815.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 9.4% 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 435.2 million |
| Market revenue in 2030 | USD 815.1 million |
| Growth rate | 9.4% (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, Spain accounted for 3.3% 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 Europe, Italy microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,296.2 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 66.73% in 2023. Horizon Databook has segmented the Spain 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.
Pharmaceutical market in Spain is the major contributor to the microencapsulation industry on account of development of biotechnology sector, infrastructure for innovation, government support and a favorable cost benefit ratio of human capita.
The aging population of the country plays significant role in driving the Spain’s healthcare sector thereby driving the demand for microencapsulation technology. In addition, Spain is the sixth largest global exporter of cosmetics and composed of more than 400 microenterprises, small & medium size enterprises and multinational companies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Spain microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain microencapsulation market size, by application, 2018-2030 (US$M)
Spain Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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