HOME Top Market Reports Microspheres Market by Type (Hollow and Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, and Metallic), Application (Construction Composites, Medical Technology, Cosmetics & Personal Care, Automotive, Oil & Gas, and Others) - Global Trends & Forecasts to 2021

Microspheres Market by Type (Hollow and Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, and Metallic), Application (Construction Composites, Medical Technology, Cosmetics & Personal Care, Automotive, Oil & Gas, and Others) - Global Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: AD 2998

 

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The global market size of microspheres was USD 3.65 Billion in 2015 and is estimated to reach USD 7.37 Billion by 2021, registering a CAGR of 12.14% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021. The objectives of this study are:

  • To analyze and forecast the market size of microspheres, in terms value
  • To define, describe, and segment the global microspheres market by type, raw material, and application
  • To forecast the sizes of the market segments based on regions such as Asia-Pacific, Western Europe, Central Europe, North America, the Middle East & Africa, and South America
  • To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, and opportunities)
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansions, alliances, joint ventures, mergers & acquisitions, and new product developments in the global microspheres market
  • To strategically profile key players and comprehensively analyze their core competencies*

Note:* Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their position in the market.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the microspheres market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study.

Microspheres Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of microspheres starts with bulk chemical and material suppliers. It includes many small and big chemical and material companies who provide raw materials such as glass, ceramic, polymer, and other chemicals involved in the manufacture of microspheres. These raw materials are then facilitated to microspheres manufacturers either by supplying or by integrating itself vertically. It is supplied to the manufacturers and microspheres are obtained through a series of processes. According to industry experts, raw material’s cost contributes significant value addition to the overall price of microspheres. Major value is added during the manufacturing process, where a great amount of effort and expertise, mainly in terms of balancing the ingredients, is required to manufacture a microspheres suitable for different applications. These microspheres are then either sold directly to end users or to distributors. The final products are used in applications such as construction industry, medical technology, life sciences & biotechnology, paints & coatings, cosmetics & personal care, oil & gas, automotive, aerospace, and other such industries.

Target Audience:

  • Microspheres manufacturers
  • Microspheres dealers
  • Microspheres suppliers
  • End users
  • Raw material suppliers and others

Scope of the Report:

This report categorizes the global microspheres market based on type, application, and region.

Market Segmentation, by Type:

The microspheres market has been segmented based on Type:

  • Hollow
  • Solid

Market Segmentation, by Raw Material:

The microspheres market has been segmented based on Raw Material:

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

Market Segmentation, by Application:

The microspheres market has been segmented based on Application:

  • Construction composites
  • Medical technology
  • Life science & biotechnology
  • Paints & coatings
  • Cosmetics & personal care
  • Oil & gas
  • Automotive
  • Aerospace
  • Others

Market Segmentation, by Region:

The regional analysis covers:

  • North America
  • Western Europe
  • Central Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix that gives a detailed comparison of product portfolio of each company

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Markets Covered
                    1.3.1.1 Scope of the Report, By Region
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Limitation
    1.4 Stakeholder

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities for Microspheres Manufacturers
    4.2 Rapid Growth of the Microspheres Market
    4.3 Hollow Microspheres Dominates the Microspheres Market
    4.4 Medical Technology Expected to Be the Fastest-Growing Application Segment for Microspheres
    4.5 Glass Microspheres Dominates the Market
    4.6 Microspheres Market Attractiveness
    4.7 Lifecycle Analysis

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Microspheres Market, By Application
           5.2.2 Microspheres Market, By Type
           5.2.3 Microspheres Market, By Raw Material
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Demand From Current and Emerging Applications
                    5.3.1.2 Superior Structural Properties
                    5.3.1.3 Recyclable and Reusable
                    5.3.1.4 Development and Modernization of Infrastructure
                    5.3.1.5 Increasing Demand for Energy Efficiency
           5.3.2 Restraints
                    5.3.2.1 Fluctuating Price of Raw Materials
                    5.3.2.2 Lack of Quality Control Across Developing Countries
                    5.3.2.3 Huge Investment in R&D
           5.3.3 Opportunities
                    5.3.3.1 Emerging Economies
    5.4 Revenue Pocket Matrix
           5.4.1 Revenue Pocket Matrix for Microspheres, By Raw Material Type
           5.4.2 Revenue Pocket Matrix of Microspheres, By Applications
    5.5 Value Chain Analysis
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Bargaining Power of Suppliers
           5.6.3 Threat of Substitutes
           5.6.4 Bargaining Power of Buyers
           5.6.5 Intensity of Competitive Rivalry
    5.7 Macro Economic Indicators
           5.7.1 Industry Outlook
                    5.7.1.1 Construction
                    5.7.1.2 Healthcare
                    5.7.1.3 Automotive
                    5.7.1.4 Oil & Gas Industry
    5.8 Market Share Analysis
    5.9 Patent Analysis

6 Microspheres Market, By Type (Page No. - 56)
    6.1 Introduction
    6.2 Hollow Microspheres
    6.3 Solid Microspheres

7 Microspheres Market, By Raw Material (Page No. - 61)
    7.1 Introduction
    7.2 Glass Microspheres
    7.3 Polymer Microspheres
    7.4 Ceramic Microspheres
    7.5 Fly AHS (Cenospheres) Microspheres
    7.6 Metallic Microspheres

8 Microspheres Market, By Application (Page No. - 69)
    8.1 Introduction
    8.2 Construction Composites
    8.3 Medical Technology
    8.4 Life SCIence & Biotechnology
    8.5 Paints & Coatings
    8.6 Cosmetics & Personal Care
    8.7 Oil & Gas
    8.8 Automotive
    8.9 Aerospace

9 Regional Analysis (Page No. - 81)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Western Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Others
    9.4 Central & Eastern Europe (CEE)
           9.4.1 Russia
           9.4.2 Poland
           9.4.3 Others
    9.5 Asia-Pacific
           9.5.1 China
           9.5.2 Japan
           9.5.3 India
           9.5.4 South Korea
           9.5.5 Thailand
           9.5.6 Others
    9.6 Middle East & Africa
           9.6.1 The Middle East
           9.6.2 Africa
    9.7 South America
           9.7.1 Brazil
           9.7.2 Argentina

10 Competitive Landscape (Page No. - 128)
     10.1 Overview
     10.2 Competitive Benchmarking
     10.3 Expansion: the Most Popular Growth Strategy
     10.4 Competitive Situation and Trends
             10.4.1 Expansions
             10.4.2 New Product Launches
             10.4.3 Acquisitions
             10.4.4 Others

11 Company Profiles (Page No. - 133)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 3M Company
     11.2 Akzonobel Expancel
     11.3 Matsumoto Yushi-Seiyaku Co. Ltd
     11.4 Trelleborg AB
     11.5 Luminex Corporation
     11.6 Momentive Performance Materials Inc.
     11.7 Chase Corporation
     11.8 Potters Industries LLC
     11.9 Sigmund Lindner GmbH
     11.10 Mo SCI Corporation
     11.11 Other Manufacturers of Microspheres

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 157)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (99 Tables)

Table 1 Microspheres Market, By Application
Table 2 Microspheres Market Segmentation, By Type
Table 3 Microspheres Market, By Raw Material
Table 4 Microspheres: Properties & Advantages
Table 5 Top 10 Largest Economies By GDP in PPP Terms: 2010 and 2020
Table 6 10 Largest Global Economies’ Total GDP in PPP Terms, 2020 (Share)
Table 7 Total Healthcare Expenditure (% of GDP), By Country, 2010–2014
Table 8 Vehicles in Use, By Region & Country, 2010–2014
Table 9 Oil Production, By Region & Country, 2010-2014 (Million Ton)
Table 10 Microspheres Market Size, By Type, 2014 – 2021(USD Million)
Table 11 Companies Offering Hollow Microspheres
Table 12 Hollow Microspheres Market Size, By Region, 2014–2021 (USD Million)
Table 13 Companies Offering Solid Microspheres
Table 14 Solid Microspheres Market Size, By Region, 2014–2021(USD Million)
Table 15 Microspheres Market Size, By Raw Material, 2014-2021 (USD Million)
Table 16 Glass Microspheres Market Size, By Region, 2014-2021 (USD Million)
Table 17 Polymer Microspheres Market Size, By Region, 2014- 2021 (USD Million)
Table 18 Ceramic Microspheres Market Size, By Region, 2014-2021 (USD Million)
Table 19 Fly AHS Microspheres Market Size, By Region, 2014-2021 (USD Million)
Table 20 Metallic Microspheres Market Size, By Region, 2016-2021 (USD Million)
Table 21 Microspheres: Industry Wise Applications
Table 22 Microspheres Market Size, By Application, 2014-2021 (USD Million)
Table 23 Microspheres Market Size for Construction Composites, By Region, 2014-2021 (USD Million)
Table 24 Microspheres Market Size for Medical Technology, By Region, 2014- 2021 (USD Million)
Table 25 Microspheres Market Size for Life SCIence & Biotechnology, By Region, 2014-2021 (USD Million)
Table 26 Microspheres Market Size for Paints & Coatings, By Region, 2014-2021 (USD Million)
Table 27 Microspheres Market Size in Cosmetics & Personal Care, By Region, 2014-2021 (USD Million)
Table 28 Microspheres Market Size in Oil & Gas, By Region, 2014-2021 (USD Million)
Table 29 Microspheres Market Size in Automotive, By Region, 2014- 2021 (USD Million)
Table 30 Microspheres Market Size in Aerospace, By Region, 2014- 2021 (USD Million)
Table 31 Microspheres Market Size, By Region, 2014–2021 (USD Million)
Table 32 North America: Microspheres Market Size, By Country, 2014–2021 (USD Million)
Table 33 North America: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 34 North America: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 35 North America: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 36 U.S.: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 37 U.S.: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 38 U.S.: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 39 Canada: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 40 Canada: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 41 Canada: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 42 Western Europe: Microspheres Market Size, By Country, 2014–2021 (USD Million)
Table 43 Western Europe: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 44 Western Europe: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 45 Western Europe: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 46 Germany: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 47 Germany: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 48 Germany: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 49 France: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 50 U.K.: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 51 Italy: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 52 Spain: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 53 Others: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 54 Central & Eastern Europe: Microspheres Market Size, By Country, 2014–2021 (USD Million)
Table 55 Central & Eastern Europe: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 56 Central & Eastern Europe: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 57 Central & Eastern Europe: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 58 Russia: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 59 Poland: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 60 Others: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Microspheres Market Size, By Country, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 63 Asia-Pacific: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 64 Asia-Pacific: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 65 China: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 66 China: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 67 China: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 68 Japan: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 69 India: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 70 South Korea: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 71 Thailand: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 72 Others: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 73 Middle East & Africa: Microspheres Market Size, By Region, 2014–2021 (USD Million)
Table 74 Middle East & Africa: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 75 Middle East & Africa: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 76 Middle East & Africa: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 77 The Middle East: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 78 Africa: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 79 South America: Microspheres Market Size, By Country, 2014–2021 (USD Million)
Table 80 South America: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 81 South America: Microspheres Market Size, By Type, 2014–2021 (USD Million)
Table 82 South America: Microspheres Market Size, By Raw Material, 2014–2021 (USD Million)
Table 83 Brazil: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 84 Argentina: Microspheres Market Size, By Application, 2014–2021 (USD Million)
Table 85 Microspheres Market Players
Table 86 Expansions, 2011–2016
Table 87 New Product Launches, 2011–2016
Table 88 Acquisitions, 2011–2016
Table 89 Others, 2011–2016
Table 90 3M Company: Products, Brands and Its Descriptions
Table 91 Akzonobel: Products, Brands and Its Descriptions
Table 92 Matsumoto Yushi-Seiyaku: Products and Its Descriptions
Table 93 Trelleborg AB: Products and Its Descriptions
Table 94 Luminex: Products and Its Descriptions
Table 95 Momentive Performance Materials: Products and Its Applications
Table 96 Momentive Performance Materials: Products and Its Applications
Table 97 Potters: Products and Its Descriptions
Table 98 Sigmund Lindner: Products and Its Applications
Table 99 Mo SCI Corporation: Products and Its Descriptions


List of Figures (93 Figures)

Figure 1 Microspheres Market: Research Design
Figure 2 Key Data From Secondary Sources
Figure 3 Key Data From Primary Sources
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Hollow Microspheres Dominates the Microspheres Market
Figure 9 Construction Composites to Be the Largest Application During Forecast Period
Figure 10 Glass Microspheres Dominates the Global Microspheres Market
Figure 11 North America Estimated to Be the Largest Market Between 2016 and 2021
Figure 12 Attractive Opportunities in the Microspheres Market
Figure 13 South America and Asia-Pacific Expected to Witness Rapid Growth Between 2016 and 2021
Figure 14 Microspheres Market Share, By Type, 2016 (USD Million)
Figure 15 Microspheres Market Share, By Application, 2016 & 2021 (%)
Figure 16 Ceramic Microspheres is the Fastest-Growing Segment
Figure 17 Asia-Pacific to Experience Significant Growth in Microspheres Demand Between 2016 and 2021
Figure 18 North America is the Largest Microspheres Market
Figure 19 Overview of the Forces Governing the Microspheres Market
Figure 20 Revenue Pocket Matrix: Raw Material Type
Figure 21 Revenue Pocket Matrix: Application
Figure 22 Value Chain Analysis for Microspheres: End-Use Industry Account for Major Value Addition
Figure 23 Porter’s Five Forces Analysis
Figure 24 Vehicles in Use, By Region (2014)
Figure 25 Oil Production, By Region, 2013-2014
Figure 26 Market Share Analysis, By Companies, 2015
Figure 27 Microspheres Market, By Type
Figure 28 Hollow Microspheres Dominates the Microspheres Market
Figure 29 North America is the Largest Market for Hollow Microspheres
Figure 30 South American Market Expected to Witness Highest CAGR During Forecast Period
Figure 31 Microspheres: Market Segmentation, By Raw Material
Figure 32 Glass Microspheres Dominates the Microspheres Market
Figure 33 Asia-Pacific Projected to Witness Highest CAGR for Glass Microspheres
Figure 34 South America Projected to Witness Highest CAGR for Polymer Microspheres
Figure 35 North America is the Largest Market for Ceramic Microspheres
Figure 36 North America Dominates the Fly AHS Microspheres Market
Figure 37 North America is the Largest Market for Metallic Microspheres
Figure 38 Microspheres Market in Medical Technology Projected to Witness Highest CAGR During 2016 to 2021
Figure 39 North America Dominates the Microspheres Market in Construction Composites Segment
Figure 40 Asia-Pacific Market Projected to Witness Highest CAGR in Medical Technology Segment
Figure 41 North America is the Largest Market for Microspheres in Life SCIence & Biotechnology Application
Figure 42 North America Captures the Largest Market for Microspheres in Paints & Coatings Application
Figure 43 South America: Fastest-Growing Market in Cosmetics & Personal Care Segment
Figure 44 North America Dominates the Microspheres Market in Oil & Gas Application
Figure 45 Asia-Pacific to Witness Highest CAGR in Automotive Segment
Figure 46 North America is the Largest Market for Microspheres in Aerospace Sector
Figure 47 North America is the Largest Microspheres Market
Figure 48 Regional Snapshot of the Microspheres Market: China Driving Growth of Global Market
Figure 49 North America: Microspheres Market Snapshot
Figure 50 U.S. is the Largest Market for Microspheres in North America
Figure 51 Medical Technology is the Fastest-Growing Application of Microspheres
Figure 52 Construction Composites is the Largest Market for Microspheres in 2016
Figure 53 Medical Technology Application Expected to Witness Highest CAGR During Forecast Period
Figure 54 Germany is the Largest Market for Microspheres in Western Europe
Figure 55 Construction Composites Dominates the Microspheres Market in 2016
Figure 56 Ceramic Microspheres to Register Highest Growth in Germany Microspheres Market During 2016 - 2021
Figure 57 Medical Technology is the Fastest-Growing Application Segment in France
Figure 58 Medical Technology is the Second-Largest Application of Microspheres Market in U.K.
Figure 59 Medical Technology Application Expected to Witness Highest CAGR During Forecast Period
Figure 60 Medical Technology Expected to Be the Largest Application of Microspheres By 2021
Figure 61 Russia Dominates the Central & Eastern European Microspheres Market
Figure 62 Glass Microspheres Dominated the Central & Eastern European Microspheres Market
Figure 63 Medical Technology is the Fastest Growing Application Segment for Microspheres in Russia
Figure 64 Medical Technology Expected to Witness Highest CAGR During Forecast Period
Figure 65 Asia Pacific: Microspheres Market Snapshot
Figure 66 China is the Largest Microspheres Market in Asia-Pacific
Figure 67 Glass Microspheres Dominates the Asia-Pacific Microspheres Market
Figure 68 Hollow Microspheres Dominates the Microspheres Market in China
Figure 69 Construction Composites Application Dominates the Microspheres Market in Japan, 2015
Figure 70 Medical Technology is the Fastest-Growing Application Segment in India
Figure 71 Medical Technology is the Fastest-Growing Application of Microspheres in South Korea
Figure 72 Medical Technology is the Fastest-Growing Application Segment of Microspheres in Thailand
Figure 73 Medical Technology is Expected to Be the Largest Application By 2021
Figure 74 Hollow Microspheres are the Most-Widely Used Microspheres in Middle East & Africa
Figure 75 Medical Technology Expected to Witness Highest CAGR Between 2016 and 2021
Figure 76 Construction Composites is the Biggest Application of Microspheres in the Middle East in 2016
Figure 77 Brazil Dominated the Microspheres Market in South America
Figure 78 Glass Microspheres Dominates Microspheres Market in South America
Figure 79 Medical Technology is the Fastest-Growing Application of Microspheres in Brazil
Figure 80 Medical Technology Expected to Be the Largest Application for Microspheres By 2021
Figure 81 Companies Primarily Adopted Organic Growth Strategies
Figure 82 3M Company: Company Snapshot
Figure 83 3M : SWOT Analysis
Figure 84 Akzonobel Expancel: Company Snapshot
Figure 85 Akzonobel Expancel: SWOT Analysis
Figure 86 Matsumoto Yushi-Seiyaku Co. Ltd: Company Snapshot
Figure 87 Matsumoto Yushi-Seiyaku Co. Ltd: SWOT Analysis
Figure 88 Trelleborg AB: Company Snapshot
Figure 89 Trelleborg AB: SWOT Analysis
Figure 90 Luminex Corporation: Company Snapshot
Figure 91 Luminex Corporation: SWOT Analysis
Figure 92 Momentive Performance Materials Inc.: Company Snapshot
Figure 93 Chase Corporation: Company Snapshot

The global market size of microspheres was USD 3.65 Billion in 2015 and is projected to reach USD 7.37 Billion by 2021, at a CAGR of 12.14% between 2016 and 2021. The superior structural properties of microspheres, development & modernization, and increasing demand from current and emerging applications are expected to drive the demand for microspheres, globally.

The construction composites application segment dominated the microspheres market in 2015. The market in the medical technology application is expected to witness the highest growth rate between 2016 and 2021 due to the growing number of implant surgeries in North America, Europe, and Asia-Pacific. The medical technology segment is expected to be the largest application of microspheres by 2021. The growing healthcare industry in the U.S., the Middle East, and Asia-Pacific countries such as China, Japan, and India is also driving the market in this segment.

The microspheres market is classified based on type: hollow and solid. The market is dominated by hollow microspheres due to their low crush strength, density, and absorption. The hollow microspheres segment is also projected to be the fastest-growing type of microspheres during the forecast period. The microspheres market is classified on the basis of raw material: glass, ceramic, fly ash, polymer, metallic and others. The glass microspheres segment dominates the microspheres market in 2015, while the ceramic microspheres segment is expected to witness the highest CAGR during the forecast period.

Currently, North America is the largest microspheres market, in terms of value, closely followed by Western Europe. Some of the factors driving the growth of the North American market are high growth of end-use industries, amplified local manufacturing, and increased number of domestic players.

Asia-Pacific is expected to be the second-fastest growing microspheres market due to high demand from medical technology and construction composites applications. The presence of major developing nations such as China, India, and South Korea is also a major driver of the microspheres market in the region.

Microspheres Market

The major restraints of the market are fluctuating raw material’s price, lack of quality control across developing countries, and huge investment required in R&D. Expansion is the most preferred strategy adopted by the key market players to sustain in this highly competitive market. The major opportunity for microspheres manufacturers are emerging economies such as China, India, and Brazil. Some of the important manufacturers are 3M (U.S.), Potters Industries LLC (U.S.), AkzoNobel N.V. (Switzerland), Matsumoto Yushi-Seiyaku Company (Japan), Trelleborg AB (Sweden), Luminex Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Chase Corporation (U.S.), Sigmund Lindner GmbH (Germany), and Mo Sci Corporation (U.S.). Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Consult Problem Statement :

MnM’s client who is a manufacturer of products that enhance the surface qualities of coatings and inks, make composites tougher, and expand the possibilities of paper and film with barrier, functional, and aesthetic features was interested in project involving “Assessment of Polyurethane (PU) Microspheres market”. The key objective for the study involved:

  1. In-depth analysis of PU microspheres market by application and region including key countries
  2. Details of market dynamics, drivers, restraints, winning imperatives, supply chain, prices and manufacturing process of PU microspheres
  3. Customer analysis for various application segments, their consumption volume and key unmet needs
  4. Competitive benchmarking product mapping & characteristics, market share analysis, S.W.O.T analysis, plant locations, and recent developments

Solution Provided:
  1. Methodology Adopted by MnM :MnM carried out a detailed search of the public domain and....
  1. Methodology Adopted by MnM :MnM carried out a detailed search of the public domain and its own proprietary & non-proprietary database on Polyurethane Microspheres to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. In-depth primary interviews were conducted with various knowledge sources to develop the key information required for completing the project. The interviews were conducted along the supply chain of PU Microspheres from sales, marketing, production, R&D, technical experts using a semi-structured Discussion Guide. These interviews were used to draw out information such as major customers, end user industry demand, customers’ activity, trends, future growth, prices, manufacturing process, etc. Also, the interviews were conducted with PU microspheres customers to get their demand and key unmet needs.
  2. Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-

    Market size of the PU Microspheres by application, region and country and forecasts till 2020. Supply chain analysis, market dynamics, winning imperatives, prices and manufacturing process for the PU microspheres. Developments trends in the PU microsphere market and the competitors’ analysis, benchmarking on the basis of products and applications, SWOT analysis of the manufacturers and customer list with their annual consumption and unmet needs.

Value Delivered:

MnM’s client was able to understand the current scenario of the PU microspheres market. Also, the market forecasts were provided to focus client’s attention to the high growth applications and regions for PU microspheres. The competitive benchmarking also helped to understand the client’s present situation in the market and further helps the client to build short and long term strategies to gain the market share. The customer analysis with a list of customers with their annual consumption and identifying the unmet needs helped the client to target the new customers in different application segments in various geographies

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