The Asia Pacific Cyclodextrin Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 220.39 Tonnes, showcasing a growth of 18.3% (2020-2023).
Gamma-cyclodextrin, a pivotal component of the market, serves diverse roles across various industries. In pharmaceuticals, this is employed as a complexing agent to improve the solubility and bioavailability of hydrophobic drugs, facilitating their formulation into oral medications and enhancing therapeutic efficacy. Therefore, the China market utilized 2.85 Tonnes of Gamma-cyclodextrin in 2023.
The China market dominated the Asia Pacific Cyclodextrin Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $37,588.3 Thousands by 2031. The Japan market is registering a CAGR of 5.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.6% during (2024 - 2031).
Cyclodextrins are employed in agriculture to encapsulate and deliver agrochemicals, including pesticides, herbicides, and plant growth regulators. Encapsulation enhances the dispersibility and efficacy of these active ingredients while reducing environmental contamination and minimizing off-target effects. This also aid in the controlled release of agricultural inputs, improving their efficiency and reducing the frequency of application.
Cyclodextrins find applications in the textile industry for dye encapsulation and release. By forming inclusion complexes with textile dyes, these enable controlled coloration of fabrics, enhancing colour fastness and reducing dye bleeding during washing. This application contributes to developing sustainable and environmentally friendly dyeing processes in the textile manufacturing sector.
As the chemical industry grows in India, there is likely to be an increased demand for these products, widely used in various sectors such as pharmaceuticals, food and beverage, cosmetics, and agriculture. This is valued for its ability to encapsulate, stabilize, and solubilize various compounds, making it a versatile ingredient in many products manufactured by the chemical industry. Thus, the expansion of the textile industry and the rising chemical industry in the region is propelling the market’s growth.
Free Valuable Insights: The Global Cyclodextrin Market is Predict to reach USD 504.3 Million by 2031, at a CAGR of 5.6%
Based on Type, the market is segmented into Beta-Cyclodextrin, Alpha-Cyclodextrin, and Gamma-Cyclodextrin. Based on End-use, the market is segmented into Pharmaceutical, Food, Cosmetics & Personal Care, Chemical, Textile and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Million, 2020-2031)
By End-use (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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