HOME › Press Releases › Microspheres Market worth 7.37 Billion USD by 2021
Microspheres Market worth 7.37 Billion USD by 2021
The report "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", 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 high demand from current and emerging applications is expected to drive the market.
Browse 99 market data Tables and 93 Figures spread through 163 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.
Hollow microspheres segment captures largest share of the microspheres market
The microspheres market is segmented based on types as hollow and solid. In 2015, the hollow microspheres segment captured the maximum share of the overall market and is expected to witness high growth rate during the forecast period. The demand for hollow microspheres is increasing because of its low crush strength, density, and absorption that make it suitable for use in various applications.
Growing demand from medical technology application to boost the microspheres market
The microspheres market is also segmented on the basis of applications. The major applications of the microspheres market are construction composites, medical technology, cosmetics & personal care, oil & gas, automotive, life science & technology, and others. Medical technology is the leading application of the microspheres market due to growing demand of microspheres in the healthcare industry for drug delivery systems.
North America is the largest microspheres market
The microspheres market is broadly segmented into six regions, namely, North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the largest microspheres market, closely followed by Western Europe, in terms of value. The rising demand from applications such as medical technology and cosmetics & personal care in this region is driving the microspheres market.
Currently, various market players such as 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.) dominate the global microspheres market.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India