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The robust growth of the construction sector is augmenting the market growth of microspheres. As microspheres reduce the concentration and density of various building materials, they are utilised to reduce the price and weight of raw materials. With thermal and sound-insulating capacity offered by microspheres, they are used in the middle layer of sandwich panels made up of fibre reinforced polymers. Various other advantages like acoustic insulation, enhanced rigidity, impact resistance, and temperature resistance, among others, are significantly surging the utilisation of microspheres in the construction of energy-efficient buildings. Hence, the growing inclination towards green and energy-efficient residential and commercial buildings is driving the market growth of microspheres. Furthermore, the market is expected to be propelled by the increasing development of advanced microspheres that offers heightened stable solid support for fluorescence detection in biomolecule screening.
In April 2018, Guerbet (EPA: GBT) acquired a laboratory-stage microsphere technology from a French company, Occlugel. This would enable the company to integrate the new technology into its interventional imaging research and development programme. This technology would be used for vascular embolisation of benign tumours and vascular chemoembolisation of malignant tumours. Moreover, the technology would expand the existing range of the company’s interventional imaging solutions while creating strong synergies with the Accurate range of antireflux microcatheters. Hence, such acquisitions and alliances among major companies are increasing the use of microspheres in the healthcare sector, which is providing impetus to the growth of the market for microspheres.
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The major players in the global market for microspheres are Nouryon Chemicals Holding B.V, Trelleborg AB, Chase Corporation, Mo SCI Corporation, 3M Co., and Kureha Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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