Global Microemulsions Market: Overview
Microemulsions is term applied for heterogeneous system consisting of at least three components. The heterogeneous system has two phases namely an oil phase and aqueous phase and third component as surfactants. The system can have a fourth variable component as co-surfactant. One of the major difference between microemulsions and emulsions lies in the stability in which microemulsions are stable and latter one is an unstable system. Microemulsions holds major share in the industrial applications such as formulation. Microemulsions also finds applications in pharmaceutical owing to its distinctive properties such as stability, affinity towards solubilisation, enhanced compatibility. The pharmaceutical applications includes drug delivery, genes delivery to cells for disease diagnosis and its treatment. Besides, industrial applications microemulsions are used in food and beverages with heterogeneous system of food grade. The global microemulsions market is anticipated to grow at a relatively high CAGR during the forecast period due to its vast application area.
Global Microemulsions Market: Drivers and Restraints:
Demand from pharmaceutical, detergent and food and beverage industry are currently the chief drivers for microemulsions market. Increasing demand for stable formulation systems in drug delivery drives the global microemulsions market. Also, microemulsions play as an important ingredient in cancer treatment. Also, now a days every industry are turning towards creating sustainable products in order to protect environment. In this context, use bio degradable surfactants in microemulsions turns the whole system in to a sustainable ones. These are some of the factors which further propels the global microemulsions market.
Global Microemulsions Market: Segmentation
On the basis of type of surfactant, microemulsions market is segmented into:-
On the basis of application, microemulsions market is segmented into:-
- Industrial applications
- Preparation of nanomaterial’s
- As fuels
- Lubricants, cutting oils
- Corrosion inhibitors
- Non-industrial applications
On the basis of end use industry, microemulsions market is segmented into:-
- Food & Beverage
Global Microemulsions Market: Region Wise Outlook
The global microemulsions market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the consumption of microemulsions material. North America and Europe are matured markets for microemulsions owing to the presence of established players such as The Dow Corning, Chem Arrow Corporation etc. The microemulsions market in MEA and Latin America are expected to expand at a relatively growth during the forecast period.
Global Microemulsions market: Key Players
Some of the key players identified in the global Microemulsions market includes:
- The Dow corning
- Chem Arrow Corporation
- Wacker Chemie
- Schlumberger Limited
- Evonik Industries
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