The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.
They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.
Global Microemulsions Market: Overview
Microemulsions is a term applied for a 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. Microemulsions are considered stable with respect to the emulsions. Microemulsions holds major share in the industrial applications such as formulation. They also find applications in pharmaceutical owing to its distinctive properties such as stability, affinity towards solubilisation, enhanced compatibility. The pharmaceutical applications include 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.
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Global Microemulsions Market: Drivers and Restraints:
Demand from pharmaceutical, detergent and food and beverage industry are currently the major drivers for microemulsions market. Increasing demand for stable formulation systems in drug delivery drives the global microemulsions market. Also, microemulsions play an important ingredient in cancer treatment. Also, now a days, every industry are turning towards creating sustainable products in order to protect the environment. In this context, use of bio-degradable surfactants in microemulsions turns the whole system into a sustainable system.
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 the 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.
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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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