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Global Microspheres Market: By Type: Hollow, Solid; By Material: Glass, Polymer, Ceramic, Fly Ash (Cenospheres), Metallic, Others; By Application: Construction Composites, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Microspheres Market Outlook
The global microspheres market is expected to grow in the forecast period of 2023-2028 at a CAGR of 5.8%.
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Rising Demand for Microspheres in Various End Use Industries Invigorating the Market Growth
The superior structural properties, cost-effectiveness, and development of advanced microspheres are anticipated to drive the growth of the global market for microspheres in the coming years. Also, the growing requirement of advanced drug carriers and delivery systems in the healthcare industry is expected to fuel the growth of the microspheres industry. The increasing demand for microspheres in the paints and coating industry due to their various favourable properties, such as optimising viscosity by increasing solid content, is anticipated to be one of the major factors in the growth of the microspheres industry.
The Asia Pacific Market to Significantly Contribute to the Microspheres Industry in Upcoming Years
North America is one of the largest markets for microspheres owing to the increasing research and development (R&D) activities in the region. Meanwhile, the Asia Pacific region is anticipated to witness robust growth due to the rising demand for microspheres in construction and medical technology applications. Moreover, the exponential population growth and rapid development of emerging economies, such as India, China, and Indonesia, among others, in this region, are projected to propel the regional market growth, which is expected to significantly contribute to the growth of the overall microspheres industry in the forecast period.
Microspheres: Market Segmentation
Microspheres are free-flowing powders consisting of compostable synthetic polymers. They are of various types, such as magnetic microspheres, microspheres, polymeric microspheres, synthetic polymeric microspheres, and biodegradable polymeric microspheres, among others. The sustained and controlled release of microspheres makes it applicable to be used in the drug delivery system in the healthcare industry.
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The major types of microspheres are:
- Hollow
- Solid
By material, the market is divided into:
- Glass
- Polymer
- Ceramic
- Fly Ash (Cenospheres)
- Metallic
- Others
The market can be broadly categorised on the basis of its applications into:
- Construction Composites
- Healthcare and Biotechnology
- Paints and Coatings
- Cosmetics and Personal Care
- Oil and Gas
- Automotive
- Others
The EMR report looks into the regional markets of microspheres like North America, Europe, the Asia pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Microspheres in the Healthcare Industry to Augment the Market Growth
The global microspheres industry is expected to witness remarkable growth due to the increasing adoption of microspheres formulations in the healthcare industry. They are increasingly used to overcome the challenges of conventional methods as well as to improve the therapeutic efficiency of drugs. As microspheres deliver several advantages, such as chemical resistance, heat resistance, thermal stability, size, ability, among others, to deliver active materials and improve processing, they are widely used in the medical industry. This is estimated to invigorate the industry growth in upcoming years.
In addition, the potential of microspheres to provide oligonucleotide, peptides, and therapeutic proteins through the oral route is anticipated to further augment the market for microspheres. Furthermore, the rising demand for cancer treatment drugs is projected to propel the market growth. The usage of microspheres as a drug delivery system due to their ability to enclose various drugs, along with high bioavailability and biocompatibility, is expected to bolster the growth of the microspheres industry in the forecast period.
Key Industry Players in the Global Microspheres Market
The report presents a detailed analysis of the following key players in the global microspheres market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Nouryon Chemical Holding B.V
- Trelleborg AB
- Chase Corporation
- Mo SCI Corporation
- 3M Co.
- Kureha Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Material, Application, Region |
| Breakup by Type | Hollow, Solid |
| Breakup by Material | Glass, Polymer, Ceramic, Fly Ash (Cenospheres), Metallic, Others |
| Breakup by Application | Construction Composites, Healthcare and Biotechnology, Paints and Coatings, Cosmetics and Personal Care, Oil and Gas, Automotive, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Nouryon Chemicals Holding B.V, Trelleborg AB, Chase Corporation, Mo SCI Corporation, 3M Co., Kureha Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microspheres Market Analysis
8.1 Key Industry Highlights
8.2 Global Microspheres Historical Market (2018-2022)
8.3 Global Microspheres Market Forecast (2023-2028)
8.4 Global Microspheres Market by Type
8.4.1 Hollow
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Solid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Microspheres Market by Material
8.5.1 Glass
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Polymer
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Ceramic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Fly Ash (Cenospheres)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Metallic
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Microspheres Market by Application
8.6.1 Construction Composites
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Healthcare and Biotechnology
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Paints and Coatings
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Cosmetics and Personal Care
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Oil and Gas
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Automotive
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Microspheres Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Microspheres Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Microspheres Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Microspheres Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Microspheres Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Microspheres Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nouryon Chemicals Holding B.V
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Trelleborg AB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Chase Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mo SCI Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 3M Co.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kureha Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microspheres Market: Key Industry Highlights, 2018 and 2028
2. Global Microspheres Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Microspheres Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Microspheres Historical Market: Breakup by Material (USD Million), 2018-2022
5. Global Microspheres Market Forecast: Breakup by Material (USD Million), 2023-2028
6. Global Microspheres Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Microspheres Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Microspheres Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Microspheres Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Microspheres Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Microspheres Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Microspheres Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Microspheres Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Microspheres Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Microspheres Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Microspheres Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Microspheres Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Microspheres Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Microspheres Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Microspheres Market Structure
Key Questions Answered in the Report
The global microspheres market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The market is being driven by the growing demand for advanced microspheres in paints and coating industry and the increasing research and development (R&D) activities.
The industry is projected to be propelled by the increasing adoption of microscopes in the healthcare industry, the rising demand for microspheres to enhance the therapeutic efficiency of drugs, and the growing deployment of microspheres in cancer treatment.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of microspheres in the industry are hollow and solid.
The major material segments of microspheres are glass, ceramic, polymer, fly ash (cenospheres), and metallic, among others.
The significant application segments in the market are construction composites, healthcare and biotechnology, paints and coatings, cosmetics and personal care, oil and gas, and automotive, among others.
The major players in the industry are Nouryon Chemicals Holding B.V, Trelleborg AB, Chase Corporation, Mo SCI Corporation, 3M Co., and Kureha Corporation, among others.
Analyst Review
The global microspheres market is driven by the rising demand for microspheres in the paints and coatings industry. Aided by the increasing adoption of microscopes in the healthcare industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global microspheres industry can be segmented into hollow and shallow. Based on materials, the microspheres can be segmented into glass, polymer, ceramic, fly ash (cenospheres), metallic, and others. On the basis of applications, the industry is divided into construction composites, healthcare and biotechnology, paints and coatings, cosmetics and personal care, oil and gas, and automotive, among others. The major regional markets for microspheres are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nouryon Chemicals Holding B.V, Trelleborg AB, Chase Corporation, Mo SCI Corporation, 3M Co., and Kureha Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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