Microspheres Market

Global Microspheres Market is projected to grow at a significant CAGR from 2017 to 2025  

Microspheres are spherical micro-particles with their size ranging from 0.1 and 100mm. They are used where consistent and predictable particle surface area is important. They are filled with external pores on the surface or internal pores in the core. Some uses of these particles include carriers for drugs, cell delivery, and tissue regeneration. They are usually used in the oil & gas industry, aerospace industry, cosmetics industry, automotive industry, paints & coatings industry, medical technology, composites and others. Any growth observed in the medical technology industry will indirectly lead to the growth of the microspheres market over the next few years. The high usage of microspheres in the health industry is a significant reason for growth of the global microspheres market. Based on product type, the market is segmented into solid microspheres and hollow microspheres.  Hollow microspheres held the larger share of the microspheres market due to its low crush strength, density, and absorption that make it suitable for use in various applications. The major restraints for the market are fluctuating raw material prices, lack of quality control across developing countries, and huge investments required in R&D. Expansion is the most preferred strategy adopted by key market players to sustain in this highly competitive market.

The report is designed to provide a complete view on the global Microspheres market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Microspheres market has been studied considering a short term forecast of the factors/ variables which have an impact on Microspheres market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.

Study Technique: Global Microspheres Market

The global Microspheres market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Microspheres market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Microspheres, and customer analytics.

Global Microspheres Market Segmentation

Based on material, the global microspheres market is segmented into polymer, metallic, glass and ceramic. Glass microspheres holds the largest share of the global microspheres market. Polymer microspheres and ceramic microspheres follow suite and are the fastest growing segments. Based on application, the global microspheres market is segmented into healthcare/medical, paints and coatings, oil and gas, automotive, construction, cosmetics and personal care. The healthcare/medical segment is the fastest growing based on application due to mass demand for microspheres in the healthcare industry for drug delivery systems. Hollow glass microspheres, polymer microspheres, and ceramic microspheres are majorly used materials in medical technology and life science & biotechnology applications. Advanced features of microspheres such as dimensional stability, bio-compatibility, and clinical safety are driving the demand for microspheres. The market has more relevance today because of the growing demand for microspheres in cancer treatment drugs.

End-User Landscape (Consumer Profile): Microspheres Market

Companies such as Akzo Nobel N.V., 3M Company, Trelleborg AB, and Luminex Corporation, among others are investing extensively in the manufacturing and sale of Microspheres, which presents a huge opportunity to Microspheres suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.

Competitive Landscape:

Akzo Nobel N.V., 3M Company, Trelleborg AB, Luminex Corporation, Matsumoto Yushi-Seiyaku Co. Ltd, Momentive Performance Materials Inc., and Potters Industries LLC, among others account for the major share in Microspheres market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: MO SCI Corporation, Sigmund Lindner GmbH, Dennert Poraver GmbH (Germany), and Polysciences Inc. (U.S.)

Please note: This is not an exhaustive list of companies profiled in the report.