Top Emerging Trends Of Microspheres Market Progress Forecast 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.
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 global microspheres market size was valued at USD 3.2 billion in 2015 and is expected to grow at a CAGR of 10.4% over the forecast period. 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. Rising demand from paints and coatings sector on account of their various abilities including increasing solid content of the coating and maintain the flow characteristics.
Some of the key industry participants include AkzoNobel Expancel, 3M Company, Potters Industries LLC, Sigmund Lindner GmbH, Chase Corporation, Luminex Corporation, and Momentive Performance Materials Inc. Companies are looking towards expansion on account of the increasing market penetration in healthcare, paints & coatings, construction composites and automotive.
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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.
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
Key drivers of market expansion include rising healthcare awareness and needs, economic growth, rising population, increasing total spending, and healthcare sector advancements. Microspheres industry is also characterized by continuous research and development activities in the polymer industry. Efforts to make changes in molecular properties (and hence chemical and physical properties) are important reasons for the investments being made in research on Micro and Nanomaterials as a whole.
Hollow spheres had the dominant share of the total revenue in 2015 and are expected to grow at a lucrative CAGR of 10.4% over the forecast period. Hollow microspheres help in saving material costs as compared to other resins and therefore it has resulted in increasing industry penetration over the past few years. Hollow spheres are used as sensitizers in construction, quarrying and mining applications for water gel explosives and emulsions. This is expected to be a critical factor in contributing towards propelling growth of the overall industry. Solid type held over 40.0% of the global revenue share in 2015.
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Glass, ceramic, polymer, fly ash and metallic are the materials used for producing microspheres. The ceramic microspheres are used in wide range of coating applications which require a good appearance. Their superior crush strength and high hardness are responsible for improving the durability of coatings.Glass segment has witnessed excellent growth owing to its tight tolerances, demand from new high-value and growth industries such as automotive, microscopy, biomedical, high-tech equipment and specialty, and life sciences application. This will propel expansion of the product over the forecast period.
Healthcare sector will remain the most dominant industry owing to the increasing investments in research and development in the drug delivery systems. The construction industry is expected to be the fastest growing sector owing to the ability of microspheres to impart superior capabilities in construction composites. The expansion of the construction industry in the emerging economies such as India and China is expected to be a crucial factor for propelling growth.
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.


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