Controlled-release Technologies: Established and Emerging Markets
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.
- An overview of the controlled-release industry, which includes a description of current methods and materials and discussion on the positive effect of the emerging sustainable agriculture movement.
- Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- A look at the migration of controlled-release features from high-margin specialty products to low-margin mass-marketed products.
- Evaluation of the larger global forces that will shape the demand for controlled-release technology over the next five years.
- Analysis of application-specific market segments within the agriculture, food processing, consumer product, and institutional, industrial and energy industries.
- Profiles of major players in the industry.
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:
- Food processing.
- Consumer products.
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.
Lance Leverette has worked in strategic marketing for a variety of leading developers of precision industrial products and market intelligence services including AJ Oster, Barnes Aerospace and Zeus Industrial Products. At Zeus, he worked with R&D to commercialize a fluoropolymer nanofiber as well as coordinated various projects for market development. He also led in the development of UPS’s newly formed automotive and industrial manufacturing market strategy and was an analyst with SupplierBusiness in Stamford, England, reporting on the purchasing strategies of automotive manufacturers. He has both a bachelor of arts in international affairs from Kennesaw State University in Kennesaw, Ga., and an MBA from the University of Edinburgh in Scotland.
The global market for controlled-release barrier materials will approach $1 billion by 2015, increasing from nearly $600 million in 2010, a compound annual growth rate (CAGR) of 10.5% for all products worldwide during the 2010–2015 forecast period.
The most rapid growth for controlled-release barrier materials will occur in high-income nations, which includes the U.S. and the European Union among others, increasing in value from $366 million in 2010 to $650 million in 2015, a compound annual growth rate (CAGR) of 12.2%.
The United States falls slightly behind other high-income nations with a 10.1% compound annual growth rate (CAGR) for controlled-release barrier materials. This market is estimated at $197 million in 2010 and is expected to reach $319 million by 2015.
BCC projects that sales of controlled release materials will be $553.25 million in 2006, and will rise to $572.80 in 2007. Over the course of the 5-year forecast period, sales will increase at an average annual growth rate (AAGR) of 6.6%, reaching $787.46 million in 2012.
The market can be broken down into four different sectors: agriculture, food processing, consumer products, and infrastructure/industrial/energy. Of these four, agriculture has by far the largest market share, with 27.5% in 2006. By the end of the forecast period it will reach $259 million, almost 33% of the total market.
Food processing has the highest growth rate through the forecast period, with an AAGR of 7.8%. The next highest AAGR was food processing at 7.4%.