Global Microspheres Market Forecasts to 2026: Expected to Register a CAGR of 11.2% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 7, 2018--The “Microspheres - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Microspheres market accounted for $3.78 billion in 2017 and is expected to reach $9.85 billion by 2026 growing at a CAGR of 11.2% from 2017 to 2026.
Some of the key factor fueling the market growth include need for reducing environmental footprint, high demand from existing and emerging applications, growing demand in cancer treatment drugs and expansion of end-user industries.
However, factors such as Volatility in the raw material prices, lack of quality control check across developing countries and requirements of huge investments in R&D are some of the factors restraining the market growth.
Amongst Type, Hollow Microspheres segment accounted for significant market share during the forecast period as they are lightweight and possess low thermal conductivity, smooth mobility and high compressive strength. Due to these properties, they are mainly used in building and construction, plastics, steel, automotive, rubber, healthcare, cosmetics & personal care, and aerospace & defense industries etc.
By geography, Asia-Pacific is expected to register the fastest growth in the forecast period, mainly in China and India, owing to the flourishing manufacturing industries and heavy infrastructure spending. The increasing demand from automobiles, manufacturing industries and aerospace is likely to promote the demand over the forecast period.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Microspheres Market, By Type
6 Global Microspheres Market, By Raw Material
7 Global Microspheres Market, By Application
8 Global Microspheres Market, By Geography
9 Key Developments
10 Company Profiling3M AkzoNobel N.V. Chase Corporation Luminex Corporation Matsumoto Yushi-Seiyaku Co. Ltd. MO SCI Corporation Momentive Performance Materials Inc. Potters Industries LLC Sigmund Lindner GmbH Trelleborg AB Bangs Laboratories Inc. (U.S.) Dennert Poraver GmbH (Germany) Nanjing Jianzun Glass Microsphere Plant Co. Ltd.(China) Polysciences Inc. (U.S.) Sphertotech Inc. (U.S.) Cospheric LLC Asia Pacific Microspheres Sirtex Medical Limited Aveka Manufacturing Inc. Merit Medical Systems Inc. Sunjin Chemical CeloNova BioSciences Inc.
For more information about this report visit https://www.researchandmarkets.com/research/g9lvrh/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005135/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 12/07/2018 05:38 AM/DISC: 12/07/2018 05:38 AM