Chemical

According to a new market report published by Lucintel, the future of the microsphere market looks attractive with opportunities in the composites, medical technology, life science & biotechnology, and painting & coating industries. The market is expected to reach an estimated $5 billion by 2027 with a CAGR of 8% from 2021 to 2027. The major drivers for this market are growing demand for higher efficiency and lightweight materials and superior structural and enhanced properties of microsphere over conventional fillers.

In this market, glass, polymer, ceramic, fly ash, metallic, and other materials based microspheres are used in variety of end use industries such as, composites, medical technology, life sciences and biotechnology, cosmetics and personal care, paints and coatings, and others. Lucintel forecasts that the composites end use industry is expected to remain the largest segment due to increasing demand for lightweight materials in building and construction applications. Medical technologies is likely to experience the highest growth in the forecast period supported by growing demand for materials such as microspheres which could prolong the action of drugs, reduce the dosing frequency, and avoid adverse effects during prolonged treatment application. Also, growing applications in assay preparation, targeted drug delivery, injections, inhalation products for treatment of various diseases, and other uses also contributed in growth of medical technology segment.

Within the microsphere market, glass microsphere is expected to remain the largest market. Glass microspheres provide lower viscosity, high melting point, and higher chemical resistance than other types of microspheres, which is expected to spur growth for this segment over the forecast period.  

North America is expected to remain the largest region due to the ease of supply considering the presence of established players and extreme interest for superior quality products among consumers. Asia Pacific is expected to witness highest growth over the forecast period because of growing building and construction applications and growing demand in oil & gas and electrical & electronics sectors considering its superior thermal properties.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing focus of major players on ceramic and polymer microspheres, biodegradable microspheres, and increasing demand for microsphere in controlled drug delivery system. The 3M Company, Cospheric LLC, Potters Industries, Trelleborg Offshore & Construction, and AkzoNobel Expancel are among the major suppliers of the microsphere.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global microsphere market by end use industries, product type, material type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Microsphere Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global microsphere market by end use industries, product type, material type, and region as follows:


































This 253-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/microsphere-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:                                                                                  

Q.1 What are some of the most promising potential, high-growth opportunities for the global microsphere market by end use industry (composites, medical technology, life sciences and biotechnology, paints and coatings, cosmetics and personal care, and others), product type (hollow microsphere and solid microsphere), material (glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, metallic microspheres, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the microsphere market?

Q.5 What are the business risks and threats to the microsphere market?

Q.6 What are emerging trends in this microsphere market and the reasons behind them?

Q.7 What are some changing demands of customers in the microsphere market?

Q.8 What are the new developments in the microsphere market? Which companies are leading these developments?

Q.9 Who are the major players in this microsphere market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this microsphere area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this microsphere market?