Global Microspheres Market: Key Highlights
Global Microspheres Market: Key Market Dynamics
Global Microspheres Market: Regional Overview
North America accounted for the largest market share in 2018 due to the high demand from major end-use industries. The Presence of a large manufacturing base coupled with high investments in infrastructural development is expected to drive the regional market during the review period. Extensive demand for lightweight materials in the automotive and aerospace industries is likely to drive the demand for microspheres.
Asia-Pacific emerged as the fastest-growing region for this market, mainly driven by the expanding end-use industries. Rapid industrialization and urbanization in emerging economies such as India, Thailand, Vietnam, and Malaysia is expected to fuel market growth during the review period.
Global Microspheres Market: Key Players Overview
3M is a technologically driven company. It offers products for electronics, telecommunications, industrial, consumer, healthcare, safety, and other verticals. In May 2018, the company introduced Glass Bubbles S32HS at the National Plastics Expo, to help OEMs achieve up to a 40% weight reduction of composite parts, at a density below 1.0 g/cc, while still enabling a class-A paintable finish.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. It has operations in more than 51 countries with over 24,000 employees. In February 2017, the company launched its new innovative Eccofloat TG30 and TG32 materials, at Oceanology International in San Diego, California, US. These materials can be used for deep-sea buoyancy applications and have a depth rating of 5K and 6K meters, respectively. The superior performance of Ecofloat materials is achieved using Trelleborg’s Eccospheres, hollow glass microspheres.
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