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Microspheres Market

Microspheres Market, By Type (Hollow, Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic), Application (Construction Composites, Pharmaceuticals &, Cosmetics, Automotive, Oil & Gas) – Global Market Trends & Forecasts Upto 2025

Report code: SDMRCH499871 | Industry: Chemicals & Materials | Published On: 7/6/2019

The microspheres market is projected to grow at a CAGR of 8.5% to reach $ 7.0 billion by 2023. The superior structural properties of microspheres led to its increase in demand in existing and emerging applications which is driving the microspheres market globally. 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. The major restraints and challenges observed in this market are volatility in raw material prices, high cost of production, and high investments in R&D. The opportunities for players in the microspheres market lies in exploring the demand from infrastructure development and expansion of healthcare segment in emerging economies of Asia-Pacific. Hollow microspheres account for the largest share in the microspheres market with respect to types, followed by solid microspheres. The properties of hollow microspheres such as low crush strength, density, and absorption makes them a popular choice thus driving their demand globally. However, the application of solid microspheres depends on their size.
On the basis of raw material, microspheres market can be classified as glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, and metallic microspheres. In 2017, Glass microspheres account for the largest share and is expected to continue as the largest segment during the forecast period. Glass microspheres are preferred owing to their excellent properties such as lower viscosity, high melting point, and high chemical resistance in comparison to its counterparts. This has led to its increasing demand across high-value and growth industries such as automotive, biomedical, life sciences application, microscopy, and high-tech equipment and specialty. Ceramic microspheres find vast applications in coatings segment as they posses high crush strength and hardness thus enhancing the durability of coatings.

In the applications segment, microspheres market is dominated by the construction composites application. The expansion of the construction industry in the emerging economies such as India and China drives the demand for microspheres in the construction composites application. Pharmaceuticals & healthcare application is expected to be the fastest growing among all applications during the forecast period i.e. 2018-2023. This is owing to the increased investments in R&D of the drug delivery systems which will contribute to the growing demand of microspheres. Steady growth is expected in Cosmetics and Paint & Coatings industry across emerging economies. Increasing demand for light-weight materials, syntactic foams, and ablative materials is anticipated to drive the microspheres demand in aerospace applications.

In 2017, North America is the largest market for microspheres and is estimated to account for about 42.0-45.0% of the total microspheres market. It is followed by Europe and Asia-Pacific at second and third rank, respectively. North America is anticipated to continue as the largest market for microspheres as it is the home of the major players, namely 3M, Momentive Performance Materials, Chase Corporation, Potters Industries, Luminex Corporation, and Mo Sci Corporation. In addition, growing demand from medical applications and R&D activities for development of effective medicines is driving the North America microspheres market and the trend is expected to prevail during the forecast period. Asia-Pacific will be the fastest growing market for microspheres during the forecast period. It is also anticipated that demand for microspheres will increase in years to come primarily due to deployment of microspheres in the construction composites owing to super structural properties.

As this is a high capital intensive industry involving high investments in R&D, to manage the costs and maintain the profits is an uphill task for all the players in the microspheres market. In such a case, potential collaborations and leveraging the resources is the optimum strategy adopted by the market players. The key players include 3M, AkzoNobel N.V., Momentive Performance Materials Inc., Trelleborg AB, Potters Industries LLC, Sigmund Lindner GmbH, Matsumoto Yushi-Seiyaku Company, Chase Corporation, and Mo-Sci Corporation among others.

1.  Introduction
1.1.  Goal  &  Objective
1.2.  Report  Coverage
1.3.  Supply  Side  Data  Modelling  &  Methodology
1.4.  Demand  Side  Data  Modelling  &  Methodology

2.  Executive  Summary

3.  Market  Outlook    
3.1.  Introduction
3.2.  Current  &  Future  Outlook
3.3.  DROC
3.3.1.  Drivers  Improvement  in  the  drug  delivery  systems  and  advancements  in  medical  technology  Increasing  demand  from  existing  and  emerging  applications  Improvisations  in  existing  products  to  achieve  increased  market  penetration  and  long  term  sustainability
3.3.2.  Restraints  Volatility  in  raw  material  prices  High  cost  of  production
3.3.3.  Opportunities  Infrastructural  development  and  expansion  of  healthcare  segment,  primarily  in  emerging  economies  of  Asia-Pacific
3.3.4.  Challenges  Requirements  of  huge  investments  in  R&D
3.4.  Market  Entry  Matrix
3.5.  Market  Opportunity  Analysis
3.6.  Market  Regulations
3.7.  Pricing  Mix
3.8.  Key  Customers  
3.9.  Value  Chain  &  Ecosystem
3.10.  Macroeconomic  Indicators
3.10.1.  GDP  for  Major  Countries
3.10.2.  Construction  Industry  Analysis
3.10.3.  Oil  &  Gas  Industry  Analysis
3.10.4.  Automotive  Industry  Analysis
3.10.5.  Healthcare  Industry  Analysis  

4.  Demand  Market  Analysis
4.1.  Microspheres  Market,  By  Type
4.2.  Hollow  Microspheres  
4.2.1.  Market  Size  &  Forecasts,  2018-2025
4.3.  Solid  Microspheres
4.3.1.  Market  Size  &  Forecasts,  2018-2025

5.  Microspheres  Market,  by  Raw  Material
5.1.  Glass  Microspheres
5.1.1.  Market  Size  &  Forecasts,  2018-2025
5.2.  Ceramic  Microspheres
5.2.1.  Market  Size  &  Forecasts,  2018-2025
5.3.  Fly  Ash  Microspheres
5.3.1.  Market  Size  &  Forecasts,  2018-2025
5.4.  Polymer  Microspheres
5.4.1.  Market  Size  &  Forecasts,  2018-2025
5.5.  Metallic  Microspheres
5.5.1.  Market  Size  &  Forecasts,  2018-2025

6.  Microspheres  Market  Analysis,  By  Application
6.1.  Introduction
6.2.  Automotive
6.2.1.  Market  Size  By  Region,  2018-2025
6.3.  Aerospace
6.3.1.  Market  Size  By  Region,  2018-2025
6.4.  Construction  Composites
6.4.1.  Market  Size  By  Region,  2018-2025
6.5.  Paints  &  Coatings
6.5.1.  Market  Size  By  Region,  2018-2025
6.6.  Personal  Care  &  Cosmetics  
6.6.1.  Market  Size  By  Region,  2018-2025
6.7.  Oil  &  Gas  
6.7.1.  Market  Size  By  Region,  2018-2025
6.8.  Pharmaceuticals  &  Healthcare
6.8.1.  Market  Size  By  Region,  2018-2025
6.8.2.  Medical  Technology
6.8.3.  Life  Science  &  Biotechnology

7.  Microspheres  Market  Analysis,  By  Region
7.1.  North  America
7.1.1.  North  America  Market  Size,  By  Country  2018-2025
7.1.2.  North  America  Market  Size,  By  Type  2018-2025
7.1.3.  North  America  Market  Size,  By  Raw  Material  2018-2025
7.1.4.  North  America  Market  Size,  By  Application  2018-2025  U.S.  U.S.  Market  Size,  By  Type  2018-2025  U.S.  Market  Size,  By  Raw  Material  2018-2025  U.S.  Market  Size,  By  Application  2018-2025  Canada  Canada  Market  Size,  By  Type  2018-2025  Canada  Market  Size,  By  Raw  Material  2018-2025  Canada  Market  Size,  By  Application  2018-2025  Mexico  Mexico  Market  Size,  By  Type  2018-2025  Mexico  Market  Size,  By  Raw  Material  2018-2025  Mexico  Market  Size,  By  Application  2018-2025
7.2.  Europe
7.2.1.  Europe  Market  Size,  By  Country  2018-2025
7.2.2.  Europe  Market  Size,  By  Type  2018-2025
7.2.3.  Europe  Market  Size,  By  Raw  Material  2018-2025
7.2.4.  Europe  Market  Size,  By  Application  2018-2025  Germany  Germany  Market  Size,  By  Type  2018-2025  Germany  Market  Size,  By  Raw  Material  2018-2025  Germany  Market  Size,  By  Application  2018-2025  Italy  Italy  Market  Size,  By  Type  2018-2025  Italy  Market  Size,  By  Raw  Material  2018-2025  Italy  Market  Size,  By  Application  2018-2025  U.K.  U.K.  Market  Size,  By  Type  2018-2025  U.K.  Market  Size,  By  Raw  Material  2018-2025  U.K.  Market  Size,  By  Application  2018-2025  France  France  Market  Size,  By  Type  2018-2025  France  Market  Size,  By  Raw  Material  2018-2025  France  Market  Size,  By  Application  2018-2025  Spain  Spain  Market  Size,  By  Type  2018-2025  Spain  Market  Size,  By  Raw  Material  2018-2025  Spain  Market  Size,  By  Application  2018-2025  Russia  Russia  Market  Size,  By  Type  2018-2025  Russia  Market  Size,  By  Raw  Material  2018-2025  Russia  Market  Size,  By  Application  2018-2025  Poland  Poland  Market  Size,  By  Type  2018-2025  Poland  Market  Size,  By  Raw  Material  2018-2025  Poland  Market  Size,  By  Application  2018-2025  Rest  of  Europe  Rest  of  Europe  Market  Size,  By  Type  2018-2025  Rest  of  Europe  Market  Size,  By  Raw  Material  2018-2025  Rest  of  Europe  Market  Size,  By  Application  2018-2025
7.3.  Asia-Pacific
7.3.1.  Asia-Pacific  Market  Size,  By  Country  2018-2025
7.3.2.  Asia-Pacific  Market  Size,  By  Type  2018-2025
7.3.3.  Asia-Pacific  Market  Size,  By  Raw  Material  2018-2025
7.3.4.  Asia-Pacific  Market  Size,  By  Application  2018-2025  China  China  Market  Size,  By  Type  2018-2025  China  Market  Size,  By  Raw  Material  2018-2025  China  Market  Size,  By  Application  2018-2025  Japan  Japan  Market  Size,  By  Type  2018-2025  Japan  Market  Size,  By  Raw  Material  2018-2025  Japan  Market  Size,  By  Application  2018-2025  India  India  Market  Size,  By  Type  2018-2025  India  Market  Size,  By  Raw  Material  2018-2025  India  Market  Size,  By  Application  2018-2025  South  Korea  South  Korea  Market  Size,  By  Type  2018-2025  South  Korea  Market  Size,  By  Raw  Material  2018-2025  South  Korea  Market  Size,  By  Application  2018-2025  Australia  &  New  Zealand  Australia  &  New  Zealand  Market  Size,  By  Type  2018-2025  Australia  &  New  Zealand  Market  Size,  By  Raw  Material  2018-2025  Australia  &  New  Zealand  Market  Size,  By  Application  2018-2025  Thailand  Thailand  Market  Size,  By  Type  2018-2025  Thailand  Market  Size,  By  Raw  Material  2018-2025  Thailand  Market  Size,  By  Application  2018-2025  Malaysia  Malaysia  Market  Size,  By  Type  2018-2025  Malaysia  Market  Size,  By  Raw  Material  2018-2025  Malaysia  Market  Size,  By  Application  2018-2025  Rest  of  Asia-Pacific  Rest  of  Asia-Pacific  Market  Size,  By  Type  2018-2025  Rest  of  Asia-Pacific  Market  Size,  By  Raw  Material  2018-2025  Rest  of  Asia-Pacific  Market  Size,  By  Application  2018-2025
7.4.  Middle  East  &  Africa
7.4.1.  Middle  East  &  Africa  Market  Size,  By  Country  2018-2025
7.4.2.  Middle  East  &  Africa  Market  Size,  By  Type  2018-2025
7.4.3.  Middle  East  &  Africa  Market  Size,  By  Raw  Material  2018-2025
7.4.4.  Middle  East  &  Africa  Market  Size,  By  Application  2018-2025  Saudi  Arabia  Saudi  Arabia  Market  Size,  By  Type  2018-2025  Saudi  Arabia  Market  Size,  By  Raw  Material  2018-2025  Saudi  Arabia  Market  Size,  By  Application  2018-2025  UAE  UAE  Market  Size,  By  Type  2018-2025  UAE  Market  Size,  By  Raw  Material  2018-2025  UAE  Market  Size,  By  Application  2018-2025  South  Africa  South  Africa  Market  Size,  By  Type  2018-2025  South  Africa  Market  Size,  By  Raw  Material  2018-2025  South  Africa  Market  Size,  By  Application  2018-2025  Rest  Of  Middle  East  &  Africa  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Type  2018-2025  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Raw  Material  2018-2025  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Application  2018-2025
7.5.  South  America
7.5.1.  South  America  Market  Size,  By  Country  2018-2025
7.5.2.  South  America  Market  Size,  By  Type  2018-2025
7.5.3.  South  America  Market  Size,  By  Raw  Material  2018-2025
7.5.4.  South  America  Market  Size,  By  Application  2018-2025  Brazil  Brazil  Market  Size,  By  Type  2018-2025  Brazil  Market  Size,  By  Raw  Material  2018-2025  Brazil  Market  Size,  By  Application  2018-2025  Argentina  Argentina  Market  Size,  By  Type  2018-2025  Argentina  Market  Size,  By  Raw  Material  2018-2025  Argentina  Market  Size,  By  Application  2018-2025  Rest  of  South  America  Rest  of  South  America  Market  Size,  By  Type  2018-2025  Rest  of  South  America  Market  Size,  By  Raw  Material  2018-2025  Rest  of  South  America  Market  Size,  By  Application  2018-2025

8.  Supply  Market  Analysis
8.1.  Strategic  Benchmarking
8.2.  Market  Share  Analysis
8.3.  Key  Players  (Company  Snapshot,  Product  Portfolio,  Financials,  and  Strategic  Analysis)  
8.3.1.  3M  
8.3.2.  Akzo  Nobel  N.V.
8.3.3.  Momentive  Performance  Materials  Inc.  
8.3.4.  Chase  Corporation
8.3.5.  Potters  Industries  LLC
8.3.6.  Trelleborg  AB
8.3.7.  Matsumoto  Yushi-Seiyaku  Co.  Ltd
8.3.8.  Luminex  Corporation
8.3.9.  MO  SCI  Corporation  
8.3.10.  Sigmund  Lindner  GmbH
8.3.11.  Cospheric  LLC
8.3.12.  Bangs  Laboratories  Inc.
8.3.13.  Asia  Pacific  Microspheres
8.3.14.  Advanced  Polymers  International
8.3.15.  Reslab  Microfiller  &  Others
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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