(MENAFN- America News Hour) Microspheres are small particles having asize from 1 to 1000m. These microstructures particles are in a white powdery form. Microspheres are made up of natural and synthetic materials like glass, ceramic, aluminum, fly ash, metals. Due to the exceptional mechanical and structural properties, microspheres are majorly used as additives or fillers to reduce the density of a material and improve the quality of the final product at reduced costs.
Market Segmentation:
The Global Microspheres Market is segmented on the following basis:
Based on Type:
Hollow
Solid
Based on Raw Material:
Glass
Ceramic
Fly Ash
Polymer
Metallic
Others
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Based on Application:
Construction Composites
Medical Technology
Life Science & Biotechnology
Paints & Coatings
Cosmetics & Personal Care
Oil & Gas
Automotive
Aerospace
Others
Market Dynamics and Market Growth:
The Global Microspheres Market is growing at a CAGR of around 12%. The global microsphere market has potential opportunities for growthdue to increasing population,increasing demand for efficiency inend-use industries,and development of infrastructures in developing nations.
Market Drivers:
Advancements in medical science & technology and use of microspheres in applications such as embolization, drug delivery systems, cancer treatment, skin treatments etc.
Demand for microspheres in aerospace and defense industries due to demand for light-weight materials, ablative materials,and syntactic foams.
The growth of microspheres market in oil & gas application.
Rising demand for paints and coatings sector due to their various abilities like increasing solid content of the coating or maintain the flow characteristics.
Growth in microspheres industry due to continuous research and development activities in the polymer industry.
Microspheres are extensively used in grinding and milling of various pigments and mineralsin cosmetic formulations due to features like low oil absorption, high porosity,and chemical inertness.
Recyclability & reusability supporting their high demand in several applications.
Market Restraints:
Fluctuating prices of the raw materials
High production costs and requirement of huge capital investment for research and development.
Lack of quality control across developing countries.
Global Microspheres Market: Regional Outlook
Geographically, the Global Microspheres Market has been segmented into North America, Latin America, Western Europe, Central & Eastern Europe, Asia-Pacific, Middle East & Africa.North America has the largest share in the global microsphere market out of which theU.S. accounted for the majority sharedue to the high consumption of microsphere in construction composites and medical technology. Europe became the second largest market for microsphere. Asia-Pacific is anticipated to be the fastest growing market of microsphere due to the increasing development of infrastructure, aerospace, automotive industries and other end-user industries in the region.
Key players in Global Microspheres Market:
Major players in the Global Microspheres Market are 3M Company,Luminex Corporation, Momentive, Matsumoto Yushi-Seiyaku Co.Ltd., Trelleborg AB, Akzo Nobel N.V., Sigmund Lindner GmbH, MO-SCI Corporation, Potters Industries LLC.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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