Microspheres Market : Global Industry Analysis,Trends and Forecast 2024
Microspheres Market was valued at US$ 2.72 Billion in 2014, will reach US$ 7.77 Billion by 2023, expanding at a CAGR of 12.4% from 2015 to 2023
Microspheres Market was valued at US$ 2.72 Billion in 2014, will reach US$ 7.77 Billion by 2023, expanding at a CAGR of 12.4% from 2015 to 2023
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Transparency <strong>Market</strong> Research<br />
<strong>Microspheres</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong><br />
<strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong><br />
<strong>and</strong> <strong>Forecast</strong> 2015 - 2023<br />
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REPORT DESCRIPTION<br />
Transparency <strong>Market</strong> Research has published a new report titled “<strong>Microspheres</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>,<br />
Size, Share, Growth, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> 2015 - 2023”. According to the report, the global microspheres market was<br />
valued at US$ 2.72 Bn in 2014 <strong>and</strong> is anticipated to reach US$ 7.77 Bn in 2023, exp<strong>and</strong>ing at a CAGR of 12.4%<br />
between 2015 <strong>and</strong> 2023.<br />
<strong>Microspheres</strong> are small spherical particles having size (diameter) from 1 to 1000 µm. These microstructures particles<br />
have white powdery form. <strong>Microspheres</strong> are manufactured using different natural <strong>and</strong> synthetic materials such as<br />
glass, polymer, ceramic, fly ash, metals. Owing to the superior structural <strong>and</strong> mechanical properties, microspheres<br />
are majorly used as additives or fillers to reduce the density of a material.<br />
This 247 page report gives readers a comprehensive overview of the <strong>Microspheres</strong> market. Browse<br />
<strong>Market</strong> Research Report @<br />
http://www.transparencymarketresearch.com/microspheres-market.html<br />
On the basis of product type, microspheres market can be categorized into hollow microspheres <strong>and</strong> solid<br />
microspheres. Both the product types have comparable growth rate in the global market. On the basis of raw<br />
material, microspheres market can be segmented into glass microspheres, polymer microspheres, ceramic<br />
microspheres, fly ash microspheres, metallic microspheres, <strong>and</strong> others. Glass microspheres accounted for the largest<br />
market by material in 2014. It held over 50% of the global microsphere market. In terms of application, microspheres<br />
market can be classified into composites, medical technology, life science & biotechnology, paints & coatings,<br />
cosmetics & personal care, oil & gas, automotive, aerospace, <strong>and</strong> others. Composites <strong>and</strong> medical technology are<br />
the largest applications for microspheres cumulatively accounting for over 50% of the market in 2014.<br />
In terms of dem<strong>and</strong>, North America held the largest share of the microspheres market in 2014 out of which U.S.<br />
accounted for the majority share. Huge investments in R&D by the key players in North America has led to<br />
increasing number of applications for microspheres, hence contributing to overall market growth. Asia Pacific is the<br />
fastest growing market for microspheres over the forecast period. Rapid growth in infrastructure, aerospace, <strong>and</strong><br />
automotive industries in Asia Pacific is the major driver for growth of microspheres market. In terms of dem<strong>and</strong>,
microspheres market in Europe followed that of North America in 2014. However, the Europe market is estimated to<br />
grow at a slower rate compared to North America <strong>and</strong> Asia Pacific. The upcoming construction projects in the<br />
developing economies of Asia Pacific is expected to drive the dem<strong>and</strong> for microspheres in composites, paints &<br />
coatings, <strong>and</strong> aerospace industry. <strong>Microspheres</strong> market in Latin America <strong>and</strong> Middle East & Africa is expected to rise<br />
at a moderate rate during the forecast period.<br />
Get accurate market forecast <strong>and</strong> analysis on the <strong>Microspheres</strong> market. Request a sample to stay<br />
abreast on the key trends impacting this market@<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1327<br />
Few of the key players of the global microspheres market are 3M, Akzo Nobel N.V., Chase Corporation, Matsumoto<br />
Yushi-Seiyaku Co., Ltd, Luminex Corporation, Sigmund Lindner GmbH, MO-SCI, Cospheric LLC, Nanjing Jianzun Glass<br />
Microsphere Plant Co., Ltd., Dennert Poraver GmbH, Potters Industries LLC, <strong>and</strong> Momentive Performance Materials<br />
Inc.<br />
The microspheres market has been segmented as follows:<br />
<strong>Microspheres</strong> <strong>Market</strong> – Product Segment <strong>Analysis</strong><br />
• Hollow <strong>Microspheres</strong><br />
• Solid <strong>Microspheres</strong><br />
<strong>Microspheres</strong> <strong>Market</strong> – Material Segment <strong>Analysis</strong><br />
• Glass <strong>Microspheres</strong><br />
• Polymers <strong>Microspheres</strong><br />
• Ceramic <strong>Microspheres</strong><br />
• Fly Ash <strong>Microspheres</strong><br />
• Metallic <strong>Microspheres</strong>
• Others (Including Biodegradable <strong>Microspheres</strong>, etc.)<br />
<strong>Microspheres</strong> <strong>Market</strong> – Application Segment <strong>Analysis</strong><br />
• Composites<br />
• Medical Technology<br />
• Life Sciences & Biotechnology<br />
• Paints & Coatings<br />
• Cosmetics & Personal Care<br />
• Oil & Gas<br />
• Automotive<br />
• Aerospace<br />
• Others (Including Marine, etc.)<br />
Read More Reports On Chemical <strong>Market</strong> : http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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