U.S. Microencapsulation Market Size & Outlook, 2023-2030
U.S. microencapsulation market, 2018-2030 (US$M)
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U.S. microencapsulation market highlights
- The U.S. microencapsulation market generated a revenue of USD 3,940.6 million in 2023 and is expected to reach USD 7,380.0 million by 2030.
- The U.S. 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 3,940.6 million |
| Market revenue in 2030 | USD 7,380.0 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, U.S. accounted for 30.2% 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 North America, U.S. microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 571.5 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 64.35% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. accounted for the largest market for microencapsulation in 2017 owing to the high penetration of technique in pharmaceutical & health care, food & beverage and home & personal care industry.
The increasing population, high disposable income and economic growth is driving the demand for cosmetotextiles that provides cosmetic and biological functions, such as pleasant feeling, energizing, slimming, refreshing, vitalizing, skin glowing, anti-ageing, body care, fitness and health which is expected to propel market growth over the forecast period.
The increasing use of PCM in building materials for fireproofing, freeze & freeze thaw resistance, expansion and degradation resistance, decrease in water absorption, antimicrobial protection, temperature control promoting longer life to the buildings and construction is expected to drive the market growth over next seven years.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. microencapsulation market size, by application, 2018-2030 (US$M)
U.S. Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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