●Research Report ● Market Survey and Research ●Industry Analysis
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Sugar spheres are a widely used excipient for sustained-release pellet formulations. Sugar spheres (also called neutral pellets, nonpareil seeds, microgranules or sugar beads) are produced, preferably using a layered sugar-coating structure. The result is sugar spheres with sufficient mechanical stability for further processing.
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According to QYResearch, In the last several years, global market of Sugar Sphere Industry increased with the average production growth rate about 4.58%. In 2016, global capacity of Sugar Sphere increased to 16890 MT from 13512 MT since 2011. It is predicted that the Sugar Sphere demand will continue to increase with an average growth rate of 4.32% in the coming five years. North America is the still largest supplier of Sugar Sphere with the production market share of 35% and the consumption market share of 30% in 2016.
The price of Sugar Sphere is relatively expensive. The largest consumers are developed countries with high income. North America occupied a market share of 30%, following Europe with the consumption market share of 27% in 2016.
The APEJ, Latin America and MEA are estimated to be the fastest growing markets over the forecast period. In terms of value, the APEJ market is expected to register a CAGR of 9.33% over 2016–2021. China has few companies entering the market with production share of only 9.72%, and demand cannot be satisfied with supply. Large quantities of Sugar Sphere have to be imported.
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In the market, Colorcon, Zhuhai Rundu Pharmaceutical Co, Pharm-a-spheres, Pharmatrans Sanaq AG, M. B. Sugars & Pharmaceuticals Limited, Emilio Castelli, Nanjing Joyfulchem are the main market supplers. But, Colorcon is the larget palyer and it dominates the global market with share over 50%.
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In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves. More: http://www.qyresearchglobal.com/goods-815731.html qyresearchglobal.com