The global microspheres market size is expected to reach USD
8.39 billion by 2025, according to a new report by Grand View Research, Inc.
The market has witnessed strong growth over the past few years on account of
the rising demand from the paints and coatings sector, construction, and
healthcare industries. The cost-effective nature of microspheres has been a
crucial factor for the increasing market penetration.
Increasing technological innovation in terms of improving
the characteristics of microspheres has resulted in the expansion of the
market. However, growing concerns over the microbeads impact on the environment
and the strengthening of the regulatory framework is expected to have a
negative impact on the market.
The growing demand from the paints and coatings sector owing
to the increasing production in emerging economies and expansion of the
manufacturing industry is expected to have a positive impact over the forecast
period.The expansion of the construction industry will remain a major growth
contributing factor for microspheres in the near future.
Browse full research report on Microspheres Market: http://www.grandviewresearch.com/industry-analysis/microspheres-industry
Further key findings from the report suggest:
- The
market for hollow microspheres was valued at USD 1.91 billion in 2015 and
is expected to foresee significant gains on account of usage in medical
and healthcare applications.
- Some
critical properties of superior quality glass microspheres are particle
size distributions, tight tolerance, and perfect sphericity.
- Multinational
healthcare companies are investing in emerging economies such as India and
China on account of low production costs and availability of cheap
manpower.
- Key
industry participants include Potters Industries LLC, Chase Corporation,
AkzoNobelExpancel, 3M Company and Sigmund Lindner GmbH. Thissector is also
characterized by product development and innovation where companies and
research institutes are developing new techniques and products for
microspheres that are commercially viable.
- Companies
are focusing on expansion of their business presence and are implementing
strategies such as acquisitionin order to increase their market
penetration within the global market. Potters Industries LLC have
developed hollow microspheres that have thicker walls and higher density
Grand View Research has segmented the global microspheres
market by type, material, application, and region:
Type Outlook (Revenue, USD Million, 2014 - 2025)
- Hollow
- Solid
Materials Outlook (Revenue, USD Million, 2014 - 2025)
- Glass
microspheres
- Polymer
microspheres
- Ceramic
microspheres
- Fly
Ash (Cenospheres) Microspheres
- Metallic
Microspheres
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Construction
Composites
- Healthcare
and Biotechnology
- Paints
& Coatings
- Cosmetics
& Personal Care
- Oil
& Gas
- Automotive
- Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- MEA
- Saudi
Arabia
- Nigeria
Access press release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-microspheres-industry
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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