Microspheres Market by Raw Material (Glass, Ceramic, Polymer), by Type (Hollow, Solid), by Application (Medical, Paints & Coatings, Building & Construction, Automotive, Aerospace), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)

MICROSPHERES MARKET: Summary

The Global Microspheres Market is expected to register a CAGR of more than 9%, reaching a value of around USD 10 billion by the end of 2027.

Microspheres are free-flowing powders with a particle size of 1-1000μm consisting of proteins or synthetic polymers. Microspheres are multi-particulate drug delivery systems which are prepared to obtain prolonged or controlled drug delivery to improve bioavailability, stability and to target the drug to a specific site at a predetermined rate. They are made from polymeric waxy or other protective materials such as natural, semi-synthetic, and synthetic polymers.

Microspheres Market

MICROSPHERES MARKET: Drivers & RESTRAINTs

Market Driver:

  • Growing Demand for Microspheres in The Medical Industry

Microspheres are extensively used in a drug delivery system, especially for targeted drug delivery of anti-cancer agents, ophthalmic agents, etc. Microspheres exhibit various advantages such as providing constant and prolonged therapeutic effect, reducing the dosing frequency, and bioavailability. Another major advantage is the injection of microspheres in the body due to the spherical shape and smaller size.

Thus, the number of advantages offered by microspheres in drug delivery is expected to fuel its demand in the medical industry.

  • Use of Microspheres in Paints & Coatings Application

Microspheres find uses in paints & coatings application and are designed to reduce costs, increase solids, enhance properties, and improve process-ability. Use of microsphere as a functional filler reduces weight and shrinkage of product, improves rheology and is non-toxic, fire-resistant, gloss and sheen control, as well as availability in various sizes and bulk densities. The use of microspheres in paints & coatings increases the solid content, reduces resin demand, improves viscosity control, and offers durability.

High demand for paints & coatings across complimentary end-use industries such as building & construction, automotive, aerospace, electronics, etc. is expected to fuel the use of microspheres in paints & coatings.

Market Restraint:

  • Fluctuating Raw Material Prices

Raw materials for manufacturing microspheres include glass, phenolic resin, epoxy resin, polystyrene, silicone rubber, polyvinyl chloride, and polyvinyl alcohol. These materials are petroleum-based, which is a major restraining factor for the market growth. This is attributed to the supply-demand gap of petroleum-based raw materials.

Therefore, volatility in raw materials cost is a key restraining factor to market growth.

Microspheres market: Key segments

  • Segmentation based on raw material: Glass, Ceramic, Fly ash, Polymer, Metallic, and Others.
  • Segmentation based on type: Hollow and Solid.
  • Segmentation based on application: Medical, Paints & Coatings, Building & Construction, Automotive, Aerospace, Cosmetics & Personal Care, Oil and Gas, and Others.
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Microspheres MARKET: Report SCOPE

The report on the microspheres market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Raw Material, Type, and Application

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

KEY Companies Covered

  • 3M (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Akzo Nobel N.V.
  • Trelleborg
  • Luminex Corporation
  • Momentive
  • Chase Corp
  • PQ Corporation
  • Matsumoto Yushi-Seiyaku Co.,Ltd
  • Sigmund Lindner GmbH
  • Mo-Sci Corporation
  • The Kish Company, Inc.
  • Imperial Microspheres
  • SEKISUI CHEMICAL CO., LTD
  • Zhongke Yali Technology Co., Ltd
  • Other Key Companies

Microspheres MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Microspheres Market, by Raw Material

  • Glass
  • Ceramic
  • Fly ash
  • Polymer
  • Metallic
  • Others

Microspheres Market, by Type

  • Hollow
  • Solid

Microspheres Market, by Application

  • Medical
  • Paints & Coatings
  • Building & Construction
  • Automotive
  • Aerospace
  • Cosmetics & Personal Care
  • Oil and Gas
  • Others

Microspheres Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Microspheres Market Providers
  • Microspheres Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Microspheres Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MICROSPHERES MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Demand for Microspheres in Medical Industry
      2. Use of Microspheres in Paints & Coatings Application
    3. Restraint
      1. Fluctuating Raw Material Prices
    4. Opportunities
      1. Growth Potential in Emerging Economies
    5. Challenges
      1. Environmental Impact Caused by Degradation of Polymers Used in Microspheres
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL MICROSPHERES MARKET BY RAW MATERIAL, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Glass
    3. Ceramic
    4. Fly ash
    5. Polymer
    6. Metallic
    7. Others
  7. GLOBAL MICROSPHERES MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hollow
    3. Solid
  8. GLOBAL MICROSPHERES MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Medical
    3. Paints & Coatings
    4. Building & Construction
    5. Automotive
    6. Aerospace
    7. Cosmetics & Personal Care
    8. Oil and Gas
    9. Others
  9. GLOBAL MICROSPHERES MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. 3M
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Akzo Nobel N.V.
    3. Trelleborg
    4. Luminex Corporation
    5. Momentive
    6. Chase Corp
    7. PQ Corporation
    8. Matsumoto Yushi-Seiyaku Co., Ltd
    9. Sigmund Lindner GmbH
    10. Mo-Sci Corporation
    11. The Kish Company, Inc.
    12. Imperial Microspheres
    13. SEKISUI CHEMICAL CO., LTD.
    14. Zhongke Yali Technology Co., Ltd
    15. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 067

Published : February, 2020


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