“Microspheres market will reach $4.6 billion in 2017, according to new visiongain market assessment”
29 August 2017
A new report by visiongain concludes that the world market for Microspheres will reach $4.6 billion in 2017. This analysis and others appear in the Microspheres Market Forecast Report 2017-2027: In-Depth Analysis By Particle Form (Solid, Hollow), By Material (Glass, Ceramic, Fly Ash, Metallic and Polymer, Other), By Industry Application (Construction Composites, Medical Technology, Life Science & Biotechnology, Personal Care & Cosmetics, Paints & Coating, Oil & Gas, Automotive, Aerospace, Other) & By Region Plus Analysis of Leading Manufacturers published by visiongain, a leading business intelligence provider based in London, UK.
Microspheres are upcoming innovative micro materials that impart various significant structural properties at a reasonable price. The microspheres market is classified based on type: hollow and solid. The market is dominated by hollow microspheres due to their low crush strength, density, and absorption. The hollow microspheres segment is also projected to be the fastest-growing type of microspheres during the forecast period. The microspheres market is classified on the basis of raw material: glass, ceramic, fly ash, polymer, metallic and others. The glass microspheres segment dominated the microspheres market in 2015, while the ceramic microspheres segment is expected to witness the highest CAGR during the forecast period.
The construction composites application segment dominated the microspheres market in 2015. The market in the medical technology application is expected to witness the highest growth rate between 2016 and 2027 due to the growing number of implant surgeries in North America, Europe, and Asia-Pacific. The medical technology segment is expected to be the largest application of microspheres by 2027.
North America is the largest microspheres market followed by Western Europe. Some of the factors driving the growth of the North American market are high growth of end-use industries, amplified local manufacturing, and the increased number of domestic players.
Asia-Pacific is expected to be the second-fastest growing microspheres market due to high demand from medical technology and construction composites applications. The presence of major developing nations such as China, India, and South Korea is also a major driver of the microspheres market in the region
This 174 page report contains 169 tables, charts and graphs that add visual analysis in order to explain developing trends within the microspheres market. Visiongain provides forecasts for the period 2017 to 2027 in terms of value (US$) for the microspheres market. In addition, 17 submarkets by particle form, by type and industry application are forecasted and analysed by visiongain over the period 2017 to 2027. The report also provides profiles of 10 leading companies operating within the market such as 3M Company, AkzoNobel N.V., etc.
The Microspheres Market Forecast Report 2017-2027 will be of value to current and future potential investors wanting to better understand the microspheres industry and its underlying dynamics, as well as companies and research centres who wish to broaden their knowledge of the microspheres market.
For sample pages and further information concerning the visiongain’s report the microspheres Market Forecast 2017-2027 please visit https://www.visiongain.com/Sector/197/Construction
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