Global Microemulsions Market: An Overview
Microemulsions is a term applied to a heterogeneous system consisting of at least three components. The heterogeneous system has two phases, namely an oil phase and an aqueous phase and a third component as surfactants. The system can have a fourth variable component as a material common to the field. One of the main differences between microemulsions and emulsions lies in stability. Microemulsions are considered more stable than emulsions. Microemulsions hold a major part in industrial applications such as formulation. They also find applications in medicine thanks to its unique properties such as stability, solubility affinity, increased compatibility. The pharmaceutical applications include the delivery of drugs, the delivery of genes to cells for the diagnosis of the disease and its treatment. Besides, industrial applications, Microemulsions are used in food and beverages with a food grade heterogeneous system. The global microemulsions market is expected to grow at a relatively high CAGR during the forecast period owing to its vast application area.
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Global Microemulsions Market: Drivers and Restraints:
Demand from the pharmaceutical, detergent and food and beverage industries are currently the main drivers of the microemulsions market. The growing demand for stable formulation systems in drug delivery is driving the global microemulsion market. Also, microemulsions fulfill an important component in cancer treatment. Also, today, every industry turns to creating sustainable products in order to protect the environment. In this context, the use of biodegradable surfactants in microemulsions makes the whole system a sustainable system.
Global Microemulsions Market: Segmentation
On the basis of surfactant type, the microemulsions market is segmented into: –
- anionic
- not ionic
- cationic
- zwitterioni
On the basis of application, the micro emulsions market is segmented into:-
- industrial applications
- Preparation of nanomaterials
- as fuels
- Lubricants, cutting oils
- Corrosion inhibitors
- Coatings
- Cleaners
- others
- Non-industrial applications
On the basis of end-use industry, the microemulsions market is segmented into:-
- Food and drink
- Medicines
- cosmetic
- chemical
- agrochemicals
- others
Global Microemulsions Market: Region Wise Outlook
The global microemulsions market is segmented into seven regions, namely North America, Latin America, Asia Pacific Excluding Japan (APEJ), Western Europe, Eastern Europe, Japan, and the Middle East and Africa (MEA). APAC holds a major share in the consumption of microemulsion materials. North America and Europe are ripe markets for microemulsions due to the presence of established players such as The Dow Corning, Chem Arrow Corporation and more. The microemulsions market in MEA and Latin America is expected to expand with relative growth during the forecast period.
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Global Microemulsions Market: Key Players
Some of the key players identified in the global microemulsions market include:
- Corning Dow
- Chem Arrow Corporation
- Chemical walker
- Ashland
- Schlumberger Limited
- Innospec
- Avnik Industries
- PeroxyChem.
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