Global Microspheres Market at a CAGR of 12.40% Growth, Trends

Posted by nileshdbmr on December 27th, 2019

Global microspheres market is registering a healthy CAGR of 12.40% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017.

Key Market Competitors:

Few of the major competitors currently working in the global microspheres market are 3M, The Cary Company, Akzo Nobel N.V., Matsumoto Yushi-Seiyaku Co.,Ltd, Trelleborg AB, Luminex Corporation, Momentive, Chase Corp, Sigmund Lindner GmbH, Mo-Sci Corporation, Nouryon, SINOSTEEL MAANSHAN NEW MATERIAL TECHNOLOGY, The Kish Company, Inc., IMPERIAL-MICROSPHERES.COM,  PolyMicrospheres, Division of Vasmo, Inc., Thermo Fisher Scientific Inc., EKO EXPORT SA, Givaudan, Merit Medical Systems among others.

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In medical devices made of glass, polymers and ceramics, microspheres are used as tracers and particles. Furthermore, due to their accessibility, it is used in developing and testing medical devices in a wide spectrum of colours followed by controlled opacity, electrostatic charging, fluorescence, particle size distribution, and specific gravity.

Competitive Analysis:

Global microspheres market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microspheres market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Segmentation: Global Microspheres Market

  • By Type (Hollow, Solid)
  • By Raw Material (Glass, Ceramic, Fly ASH, Polymer, Metallic, Others)
  • By Application (Construction Composites, Medical Technology, Life Science & Biotechnology, Paints & Coatings, Cosmetics & Personal Care, Oil & Gas, Automotive, Aerospace, Others),
  • By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa)   

Market Drivers:

  • Increasing demand for energy efficiency, is driving this market
  • Rising preference from the current and emerging applications including medical technology, is driving the market growth
  • Improved patient compliance, reduced toxicity, and convenience of microspheres, has led to increase in demand in the market
  • Rising utilization in applications such as life science, cosmetics & personal care and oil & gas, is expected to boost the growth

Market Restraints:

  • Increasing raw material prices, hinders the growth of market
  • Requirements of huge investments in R&D, hampers the growth of the market

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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Joined: September 27th, 2019
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