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Microspheres Market, By Type (Hollow, Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic), Application (Construction Composites, Pharmaceuticals &, Cosmetics, Automotive, Oil & Gas) – Global Market Trends & Forecasts Upto 2030
Type: PDF
Status: Syndicate
Categories: Chemical
Report Code : CH23
No. of Pages : 190
The microspheres market is estimated to account for USD 4.3 billion in 2023, and is projected to grow at a CAGR of 8.5% to reach USD 7.0 billion by 2030. The superior structural properties of microspheres led to its increase in demand in existing and emerging applications which is driving the microspheres market globally. Growing need for advanced drug delivery systems and drug carriers is expected to be a major factor for the growth of microspheres over the forecast period. The major restraints and challenges observed in this market are volatility in raw material prices, high cost of production, and high investments in R&D. The opportunities for players in the microspheres market lies in exploring the demand from infrastructure development and expansion of healthcare segment in emerging economies of Asia-Pacific. Hollow microspheres account for the largest share in the microspheres market with respect to types, followed by solid microspheres. The properties of hollow microspheres such as low crush strength, density, and absorption makes them a popular choice thus driving their demand globally. However, the application of solid microspheres depends on their size.
On the basis of raw material, microspheres market can be classified as glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, and metallic microspheres. Glass microspheres account for the largest share and is expected to continue as the largest segment during the forecast period. Glass microspheres are preferred owing to their excellent properties such as lower viscosity, high melting point, and high chemical resistance in comparison to its counterparts. This has led to its increasing demand across high-value and growth industries such as automotive, biomedical, life sciences application, microscopy, and high-tech equipment and specialty. Ceramic microspheres find vast applications in coatings segment as they posses high crush strength and hardness thus enhancing the durability of coatings.
In the applications segment, microspheres market is dominated by the construction composites application. The expansion of the construction industry in the emerging economies such as India and China drives the demand for microspheres in the construction composites application. Pharmaceuticals & healthcare application is expected to be the fastest growing among all applications during the forecast period i.e. 2023-2030. This is owing to the increased investments in R&D of the drug delivery systems which will contribute to the growing demand of microspheres. Steady growth is expected in Cosmetics and Paint & Coatings industry across emerging economies. Increasing demand for light-weight materials, syntactic foams, and ablative materials is anticipated to drive the microspheres demand in aerospace applications.
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North America is the largest market for microspheres and is estimated to account for about 42.0-45.0% of the total microspheres market in 2017. It is followed by Europe and Asia-Pacific at second and third rank, respectively. North America is anticipated to continue as the largest market for microspheres as it is the home of the major players, namely 3M, Momentive Performance Materials, Chase Corporation, Potters Industries, Luminex Corporation, and Mo Sci Corporation. In addition, growing demand from medical applications and R&D activities for development of effective medicines is driving the North America microspheres market and the trend is expected to prevail during the forecast period. Asia-Pacific will be the fastest growing market for microspheres during the forecast period. It is also anticipated that demand for microspheres will increase in years to come primarily due to deployment of microspheres in the construction composites owing to super structural properties.
As this is a high capital intensive industry involving high investments in R&D, to manage the costs and maintain the profits is an uphill task for all the players in the microspheres market. In such a case, potential collaborations and leveraging the resources is the optimum strategy adopted by the market players. The key players include 3M, AkzoNobel N.V., Momentive Performance Materials Inc., Trelleborg AB, Potters Industries LLC, Sigmund Lindner GmbH, Matsumoto Yushi-Seiyaku Company, Chase Corporation, and Mo-Sci Corporation among others.
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1. Introduction
1.1. Goal & Objective
1.2. Report Coverage
1.3. Supply Side Data Modelling & Methodology
1.4. Demand Side Data Modelling & Methodology
2. Executive Summary
3. Market Outlook
3.1. Introduction
3.2. Current & Future Outlook
3.3. DROC
3.3.1. Drivers
3.3.1.1. Improvement in the drug delivery systems and advancements in medical technology
3.3.1.2. Increasing demand from existing and emerging applications
3.3.1.3. Improvisations in existing products to achieve increased market penetration and long term sustainability
3.3.2. Restraints
3.3.2.1. Volatility in raw material prices
3.3.2.2. High cost of production
3.3.3. Opportunities
3.3.3.1. Infrastructural development and expansion of healthcare segment, primarily in emerging economies of Asia-Pacific
3.3.4. Challenges
3.3.4.1. Requirements of huge investments in R&D
3.4. Market Entry Matrix
3.5. Market Opportunity Analysis
3.6. Market Regulations
3.7. Pricing Mix
3.8. Key Customers
3.9. Value Chain & Ecosystem
3.10. Macroeconomic Indicators
3.10.1. GDP for Major Countries
3.10.2. Construction Industry Analysis
3.10.3. Oil & Gas Industry Analysis
3.10.4. Automotive Industry Analysis
3.10.5. Healthcare Industry Analysis
4. Demand Market Analysis
4.1. Microspheres Market, By Type
4.2. Hollow Microspheres
4.2.1. Market Size & Forecasts, 2023-2030
4.3. Solid Microspheres
4.3.1. Market Size & Forecasts, 2023-2030
5. Microspheres Market, by Raw Material
5.1. Glass Microspheres
5.1.1. Market Size & Forecasts, 2023-2030
5.2. Ceramic Microspheres
5.2.1. Market Size & Forecasts, 2023-2030
5.3. Fly Ash Microspheres
5.3.1. Market Size & Forecasts, 2023-2030
5.4. Polymer Microspheres
5.4.1. Market Size & Forecasts, 2023-2030
5.5. Metallic Microspheres
5.5.1. Market Size & Forecasts, 2023-2030
6. Microspheres Market Analysis, By Application
6.1. Introduction
6.2. Automotive
6.2.1. Market Size By Region, 2023-2030
6.3. Aerospace
6.3.1. Market Size By Region, 2023-2030
6.4. Construction Composites
6.4.1. Market Size By Region, 2023-2030
6.5. Paints & Coatings
6.5.1. Market Size By Region, 2023-2030
6.6. Personal Care & Cosmetics
6.6.1. Market Size By Region, 2023-2030
6.7. Oil & Gas
6.7.1. Market Size By Region, 2023-2030
6.8. Pharmaceuticals & Healthcare
6.8.1. Market Size By Region, 2023-2030
6.8.2. Medical Technology
6.8.3. Life Science & Biotechnology
7. Microspheres Market Analysis, By Region
7.1. North America
7.1.1. North America Market Size, By Country 2023-2030
7.1.2. North America Market Size, By Type 2023-2030
7.1.3. North America Market Size, By Raw Material 2023-2030
7.1.4. North America Market Size, By Application 2023-2030
7.1.4.1. U.S.
7.1.4.1.1. U.S. Market Size, By Type 2023-2030
7.1.4.1.2. U.S. Market Size, By Raw Material 2023-2030
7.1.4.1.3. U.S. Market Size, By Application 2023-2030
7.1.4.2. Canada
7.1.4.2.1. Canada Market Size, By Type 2023-2030
7.1.4.2.2. Canada Market Size, By Raw Material 2023-2030
7.1.4.2.3. Canada Market Size, By Application 2023-2030
7.1.4.3. Mexico
7.1.4.3.1. Mexico Market Size, By Type 2023-2030
7.1.4.3.2. Mexico Market Size, By Raw Material 2023-2030
7.1.4.3.3. Mexico Market Size, By Application 2023-2030
7.2. Europe
7.2.1. Europe Market Size, By Country 2023-2030
7.2.2. Europe Market Size, By Type 2023-2030
7.2.3. Europe Market Size, By Raw Material 2023-2030
7.2.4. Europe Market Size, By Application 2023-2030
7.2.4.1. Germany
7.2.4.1.1. Germany Market Size, By Type 2023-2030
7.2.4.1.2. Germany Market Size, By Raw Material 2023-2030
7.2.4.1.3. Germany Market Size, By Application 2023-2030
7.2.4.2. Italy
7.2.4.2.1. Italy Market Size, By Type 2023-2030
7.2.4.2.2. Italy Market Size, By Raw Material 2023-2030
7.2.4.2.3. Italy Market Size, By Application 2023-2030
7.2.4.3. U.K.
7.2.4.3.1. U.K. Market Size, By Type 2023-2030
7.2.4.3.2. U.K. Market Size, By Raw Material 2023-2030
7.2.4.3.3. U.K. Market Size, By Application 2023-2030
7.2.4.4. France
7.2.4.4.1. France Market Size, By Type 2023-2030
7.2.4.4.2. France Market Size, By Raw Material 2023-2030
7.2.4.4.3. France Market Size, By Application 2023-2030
7.2.4.5. Spain
7.2.4.5.1. Spain Market Size, By Type 2023-2030
7.2.4.5.2. Spain Market Size, By Raw Material 2023-2030
7.2.4.5.3. Spain Market Size, By Application 2023-2030
7.2.4.6. Russia
7.2.4.6.1. Russia Market Size, By Type 2023-2030
7.2.4.6.2. Russia Market Size, By Raw Material 2023-2030
7.2.4.6.3. Russia Market Size, By Application 2023-2030
7.2.4.7. Poland
7.2.4.7.1. Poland Market Size, By Type 2023-2030
7.2.4.7.2. Poland Market Size, By Raw Material 2023-2030
7.2.4.7.3. Poland Market Size, By Application 2023-2030
7.2.4.8. Rest of Europe
7.2.4.8.1. Rest of Europe Market Size, By Type 2023-2030
7.2.4.8.2. Rest of Europe Market Size, By Raw Material 2023-2030
7.2.4.8.3. Rest of Europe Market Size, By Application 2023-2030
7.3. Asia-Pacific
7.3.1. Asia-Pacific Market Size, By Country 2023-2030
7.3.2. Asia-Pacific Market Size, By Type 2023-2030
7.3.3. Asia-Pacific Market Size, By Raw Material 2023-2030
7.3.4. Asia-Pacific Market Size, By Application 2023-2030
7.3.4.1. China
7.3.4.1.1. China Market Size, By Type 2023-2030
7.3.4.1.2. China Market Size, By Raw Material 2023-2030
7.3.4.1.3. China Market Size, By Application 2023-2030
7.3.4.2. Japan
7.3.4.2.1. Japan Market Size, By Type 2023-2030
7.3.4.2.2. Japan Market Size, By Raw Material 2023-2030
7.3.4.2.3. Japan Market Size, By Application 2023-2030
7.3.4.3. India
7.3.4.3.1. India Market Size, By Type 2023-2030
7.3.4.3.2. India Market Size, By Raw Material 2023-2030
7.3.4.3.3. India Market Size, By Application 2023-2030
7.3.4.4. South Korea
7.3.4.4.1. South Korea Market Size, By Type 2023-2030
7.3.4.4.2. South Korea Market Size, By Raw Material 2023-2030
7.3.4.4.3. South Korea Market Size, By Application 2023-2030
7.3.4.5. Australia & New Zealand
7.3.4.5.1. Australia & New Zealand Market Size, By Type 2023-2030
7.3.4.5.2. Australia & New Zealand Market Size, By Raw Material 2023-2030
7.3.4.5.3. Australia & New Zealand Market Size, By Application 2023-2030
7.3.4.6. Thailand
7.3.4.6.1. Thailand Market Size, By Type 2023-2030
7.3.4.6.2. Thailand Market Size, By Raw Material 2023-2030
7.3.4.6.3. Thailand Market Size, By Application 2023-2030
7.3.4.7. Malaysia
7.3.4.7.1. Malaysia Market Size, By Type 2023-2030
7.3.4.7.2. Malaysia Market Size, By Raw Material 2023-2030
7.3.4.7.3. Malaysia Market Size, By Application 2023-2030
7.3.4.8. Rest of Asia-Pacific
7.3.4.8.1. Rest of Asia-Pacific Market Size, By Type 2023-2030
7.3.4.8.2. Rest of Asia-Pacific Market Size, By Raw Material 2023-2030
7.3.4.8.3. Rest of Asia-Pacific Market Size, By Application 2023-2030
7.4. Middle East & Africa
7.4.1. Middle East & Africa Market Size, By Country 2023-2030
7.4.2. Middle East & Africa Market Size, By Type 2023-2030
7.4.3. Middle East & Africa Market Size, By Raw Material 2023-2030
7.4.4. Middle East & Africa Market Size, By Application 2023-2030
7.4.4.1. Saudi Arabia
7.4.4.1.1. Saudi Arabia Market Size, By Type 2023-2030
7.4.4.1.2. Saudi Arabia Market Size, By Raw Material 2023-2030
7.4.4.1.3. Saudi Arabia Market Size, By Application 2023-2030
7.4.4.2. UAE
7.4.4.2.1. UAE Market Size, By Type 2023-2030
7.4.4.2.2. UAE Market Size, By Raw Material 2023-2030
7.4.4.2.3. UAE Market Size, By Application 2023-2030
7.4.4.3. South Africa
7.4.4.3.1. South Africa Market Size, By Type 2023-2030
7.4.4.3.2. South Africa Market Size, By Raw Material 2023-2030
7.4.4.3.3. South Africa Market Size, By Application 2023-2030
7.4.4.4. Rest Of Middle East & Africa
7.4.4.4.1. Rest Of Middle East & Africa Market Size, By Type 2023-2030
7.4.4.4.2. Rest Of Middle East & Africa Market Size, By Raw Material 2023-2030
7.4.4.4.3. Rest Of Middle East & Africa Market Size, By Application 2023-2030
7.5. South America
7.5.1. South America Market Size, By Country 2023-2030
7.5.2. South America Market Size, By Type 2023-2030
7.5.3. South America Market Size, By Raw Material 2023-2030
7.5.4. South America Market Size, By Application 2023-2030
7.5.4.1. Brazil
7.5.4.1.1. Brazil Market Size, By Type 2023-2030
7.5.4.1.2. Brazil Market Size, By Raw Material 2023-2030
7.5.4.1.3. Brazil Market Size, By Application 2023-2030
7.5.4.2. Argentina
7.5.4.2.1. Argentina Market Size, By Type 2023-2030
7.5.4.2.2. Argentina Market Size, By Raw Material 2023-2030
7.5.4.2.3. Argentina Market Size, By Application 2023-2030
7.5.4.3. Rest of South America
7.5.4.3.1. Rest of South America Market Size, By Type 2023-2030
7.5.4.3.2. Rest of South America Market Size, By Raw Material 2023-2030
7.5.4.3.3. Rest of South America Market Size, By Application 2023-2030
8. Supply Market Analysis
8.1. Strategic Benchmarking
8.2. Market Share Analysis
8.3. Key Players (Company Snapshot, Product Portfolio, Financials, and Strategic Analysis)
8.3.1. 3M
8.3.2. Akzo Nobel N.V.
8.3.3. Momentive Performance Materials Inc.
8.3.4. Chase Corporation
8.3.5. Potters Industries LLC
8.3.6. Trelleborg AB
8.3.7. Matsumoto Yushi-Seiyaku Co. Ltd
8.3.8. Luminex Corporation
8.3.9. MO SCI Corporation
8.3.10. Sigmund Lindner GmbH
8.3.11. Cospheric LLC
8.3.12. Bangs Laboratories Inc.
8.3.13. Asia Pacific Microspheres
8.3.14. Advanced Polymers International
8.3.15. Reslab Microfiller & Others
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Primary Research:
After collecting the secondary data, our team conducts primary interviews to validate the accuracy of the information. Primary interviews are conducted across entire value chain from raw material suppliers to end users. The primary interview is mainly conducted with the Presidents, CEOs, Vice Presidents, Directors, General Managers, Product Manager, Sales Manager, Marketing Manager, Business Development Manager.
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size.
Report Code
CH23
Single User
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2. One personal Research Analyst Allocate to you
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35+ Countries
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1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
24*7 Research Support.
Corporate User
US$ 7000*** Benefits ***
1. 25% Free customization
2. Excel Data Sheet
3. Two Countries can add as per your choice
4. Two Company can add as per your choice
5. 35+ Countries
*** Services ***
1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
5. 24*7 Research Support.
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