Controlled-release barrier materials expected to reach nearly $1.3 billion in 2021
LONDON, June 5, 2017 /PRNewswire/ -- Highlights
· The global market for controlled-release barrier materials reached $960 million in 2016 and should reach nearly $1.3 billion in 2021, registering a compound annual growth rate (CAGR) of 5.7% through 2021.
· High-income nations, which includes the U.S., as a segment reached $652.9 million in 2016 and should reach $857.7 million in 2021, for a 5-year CAGR of 5.6%.
· United States as a segment of the market reached $324.6 million in 2016 and should reach $421.5 million in 2021.
· An overview of the controlled-release industry, which includes a description of current methods and materials, a discussion of the positive effect of the emerging sustainable agriculture movement, and paradoxically, stricter environmental regulations.
· Profiles of the most relevant companies advancing the technology.
· Patent trends and analysis in which the total number of patents, top applicants and top technologies are evaluated by year and country.
• The global market for controlled-release barrier materials reached $960 million in 2016 and should reach nearly $1.3 billion in 2021, registering a compound annual growth rate (CAGR) of 5.7% through 2021.
• High-income nations, which includes the U.S., as a segment reached $652.9 million in 2016 and should reach $857.7 million in 2021, for a 5-year CAGR of 5.6%.
• United States as a segment of the market reached $324.6 million in 2016 and should reach $421.5 million in 2021, for a 5-
Introduction
Controlled-release Technologies: Established and Emerging Markets
• Describes the basic controlled-release technologies used in various nonmedical markets.
• Profiles the major controlled-release technology developers for those markets.
• Describes global forces shaping future markets for controlled-release products.
• Describes key patents for methods and materials that impart controlled release.
• Forecasts demand for controlled-release barrier materials.
Study Goals and Objectives
This report, Controlled-release Technologies: Established and Emerging Markets, examines the continuing evolution of the use of controlled-release technology in nonmedical applications. The key objective is to present a comprehensive analysis of the global market for controlled-release barrier
materials. To this end, this BCC Research report furnishes:
• An overview of the controlled-release industry, which includes a description of current methods and materials, a discussion of the positive effect of the emerging sustainable agriculture movement, and paradoxically, stricter environmental regulations.
• Profiles of the most relevant companies advancing the technology.
• Patent trends and analysis in which the total number of patents, top applicants and top technologies are evaluated by year and country.
• Forecasts for the top industries making the greatest use of controlled-release technology: agriculture, consumer products, energy, food processing, industrial products and infrastructure.
• Forecasts by market, application, and region.
Reasons for Doing This Study
The need to control the release of a substance is important in various markets and applications. This is most evident in medical applications in which drug delivery must be delayed, but other consumer, agricultural, and industrial applications require the same properties. The ability to enhance performance, lengthen the active lifespan of a material and/or allow the material to release its active compound at a controlled rate over a controlled time can allow for increased performance and efficiency. As for market penetration, this segment is still relatively niche, but it has shown growth due to technological advancement and reductions in cost. The methods used to create barrier properties, most often polymers, are also under increased scrutiny due to environmental and health concerns.
The market dynamics of an increased need to precisely deliver active substances, achieve greater efficiency and cost reductions, and regulate the use of certain barrier materials are the main drivers from the demand side. From the supply side, the ability to mass produce barrier materials that will encapsulate substances while keeping costs in line with market demand, staying ahead of regulation, increasing the applications in which their technology can be used and increasing the volume in which they are used drive research and development (R&D), production capacity, and merger and acquisition activity. This report is intended to evaluate and forecast these dynamics so that a better understanding of the markets and the competitive nature of the business can be achieved.
Scope of Report
The study provides an overview, Introduction, primer and market size calculated based on estimated manufacturers' total revenues to the overall concept of controlled release in relation to the identified markets as they relate to one another. It is further divided into chapters dealing with each major
individual market that uses controlled release. The regions include North America, Latin America, Europe, Asia-Pacific, Africa and the Middle East. Individual applications have also been reviewed and forecasted to better understand where the technology is used, as well as trends in its use. Technological trends are covered to show the state of the art and the ways in which the technology is evolving. The competitive side of the market covers various identified producers and developers.
First, an Introduction, overview and market forecast of all of the identified markets combined in aggregate has been included to consolidate the niche markets into a comprehensive section for general review. Second, each market has a dedicated chapter, as each is unique. Individual applications are also covered
within each market. The identified markets are:
• Agriculture.
• Food processing.
• Consumer products.
• Infrastructure.
• Industrial.
• Energy.
The following organizational pattern was used in each market to cover the market in the most comprehensive fashion:
• Background: Giving an Introduction to each market, history of the technology and market, and a primer to the technology.
• Market sizes and forecasts: Giving an Introduction and overview of the market, breaking down the market by application while giving a size and forecast for each, and breaking the market down by region while providing a size and forecast for each.
• Patents: Showing trends in how the technology is evolving by year, region and developer, and then highlighting identified trends in the technology.
• Competitive environment: Showing the competitive landscape and the merger and acquisition activity, and then highlighting and trending top companies and giving competitive profiles of identified top organizations.
Information Sources
The Information Sources for this study include online research, patent literature, technical journals and interviews with principals in the industry. Patent information was conducted using the European Patent Office (EPO), which maintains a comprehensive database of global patents. Literature obtained from
identified corporate websites was used to collect information regarding individual product performance. Financial reports from identified companies responsible for the use or production of controlled-release technology were used, including annual, quarterly and investor presentations. Academic journals and peer-reviewed papers were used to understand each technology, as well as to identify the performance characteristics, technological trends and ramifications of the various technologies. Statistical information was retrieved from Eurostat, the U.S. Environmental Protection Agency (EPA), the European
Commission (EC), industry associations, the United Nations (UN) and affiliates, as well as various other governmental and nongovernmental bodies.
Methodology
Both primary and secondary research methodologies were used in the preparation of this study. By definition, controlled release materials are binary products, comprising an active agent surrounded by a barrier that degrades in a predictable manner, resulting in the agent's "controlled release." The
state of the art has reached the point where virtually any chemical compound used in agricultural, consumer or industrial products, including the most delicate fragrance and the strongest acids, can be packed in a controlled-release matrix or sphere. Market sizing estimates are calculated based on the estimated value of controlled-release material used in the final product. The value of the controlled-release matrix or sphere is therefore compared to market uptake of the use of controlled release within the various markets presented. This will sometimes result in higher or lower growth/decline rates than the overall market in which they are used, as well as variations between regions and income areas depending on how much controlledrelease material is being used.
In this study, BCC Research presents an analysis of the demand for the most commonly used barrier materials, meaning those that impart controlled-release characteristics. Forecasts for these products examine market segments within the agriculture, food processing, consumer products, infrastructure, industrial and energy industries. Inflation rates vary substantially from one country to the next, so forecasts are presented in U.S. dollars and are not adjusted for inflation. Corporate specification and sales literature, announced products undergoing field testing, global patents, academic research and peer reviewed papers, products referenced in financial statements, and studies done by governmental and industry organizations were referenced to forecast emerging
technologies and products. Forecasts specifically omit products that fall under the U.S. Food and Drug Administration (FDA) as biologics, drugs, medical devices, combination products, dental products and veterinary products.
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