Microspheres Market Is Expected To Reach $8.39 Bn By 2025: Grand View Research, Inc.
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.
U.S. microspheres market by material, 2014 - 2025 (USD Million) |
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.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/microspheres-industry
Further
key findings from the study 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
Browse more reports of this category
by Grand View Research: http://www.grandviewresearch.com/industry/micro-molding-and-microspheres
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 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.
For more information: http://www.grandviewresearch.com
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