Emulsion is the process of suspension of small globules of one liquid into other such that the fluids are immiscible with each other. Nanoemulsions are the group of dispersed nano-particles of oil in water having extremely minute size of 100-600 nm. The nanoemulsions are prepared using various emulsification techniques such as microfluidization, high-pressure homogenization and sonication (use of ultrasound energy).
There are several advantages of nanoemulsions over the conventional emulsion systems. One of the major advantages is the extreme micro droplet size of nanoemulsions with much high surface area which makes them highly effective in transportation system or delivery systems used majorly in cosmetics. Moreover, nanoparticles do not cause the problems such as flocculation, coalescence or inherent creaming which are generally faced by microemulsions. This makes nanoemulsions ideal for variety of formulations such creams, sprays and foams.
Considering the extreme small size of these particles, the nanoemulsions are increasingly finding application in pharmaceutical industry, cosmetic industry and also in food sector. The pharmaceutical applications of nanoemulsions majorly dominate the nanoemulsions market, followed by the cosmetic usages. Currently, the market for nanoemulsions is dominated by North America and Europe. Asia Pacific is the fastest growing market for nanoemulsions.
Nanoemulsion Market: Emerging Application Trends
The science of extremely small sized particles especially nanoparticles is gaining rapid response from pharmaceutical sector considering several inherent advantages. This largely affects the nanoemulsions market and creates an opportunity for nanoemulsions to increase their share in pharmaceutical sector. The nano size of nanoemulsions makes them suitable in oral drug administration as these medicines could be easily administered in small dosages assuring better absorption of drugs and reducing dose related toxicity. Nanoemulsions are also suitable in parenteral administration, as these nanoparticles show high solubility in bio-degradable surfactants.
Nanoemulsions also find applications in cosmetics segment, wherein these particles are used as vehicles to deliver the drug to the intended area of application. Furthermore, as the nanoemulsions do not undergo flocculation or sedimentation they are readily used in baby-care wipes or make-up removal applications. As nanoemulsions are non-toxic and non-irritant they are widely used in skin care cosmetics. However, the cost of nanoemulsions preparation can act as a restraint to the nanoemulsions market.
Nanoemulsion Market: Region-wise Outlook
The developed regions form the major market for nanoemulsions and are expected to account for a major share in this market for next six years. The developed regions such as North America and Europe are currently the major consumers of nanoemulsions primarily due the availability of technologies that are suitable for usage of nanoemulsions. However, considering the tremendous growth in medicinal sector and considering the potential applications of nanoemulsions, emerging economies such as India, Thailand, and Malaysia are expected to be the upcoming markets for nanoemulsions. The developing regions across the globe would probably witness rapid growth in nanoemulsions market in the next few years.
The increase in potential applications of nanoemulsions in the pharmaceutical industry is the primary reason behind the growing demand for nanoemulsions. Moreover, the demand for nanoemulsions from cosmetics sector coupled with rising demand from food sector is expected to further propel the need of nanoemulsions.
Nanoemulsion Market: Competitive Landscape
The global conglomerates functioning in the nanoemulsions market are principally focusing on the emergent countries for tapping their immense market potential. Owing to this increased demand from both developing and developed nations, the global nanoemulsions market is expected to witness tremendous growth in the next six years.
The major players operating in the nanoemulsions market are companies such as LATITUDE Pharmaceuticals Inc., Covaris, Inc. Microfluidics Corporation, Taiwan Liposome Company (TLC), AstraZeneca, Merckle, Allergan and Abbott.
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