The global microspheres market reached a value of US$ 5.34 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 9.56 Billion by 2027, exhibiting a CAGR of 10.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Microspheres refer to solid sphere-shaped particles available in sizes ranging from 1 to 1000 µm. They are usually made using glass, ceramic, fly ash, metal and polymers and have controlled opacity, particle size distribution, gravity and electrostatic charge. In the medical sector, microspheres are used for drug administration and embolization, along with testing and development of medical equipment. They are lightweight, have portability and high compression abilities owing to which, they are used in the production of elastics, plastics, steel, automobiles, beauty care and personal care products. They are also used for developing low thickness boring liquid and concrete slurry for oil and gas extraction activities. In addition, they find extensive applications across aviation, aerospace, defense and construction sectors.
The thriving pharmaceutical and medical industries, along with the growing need for advanced drug delivery systems, is the key factor driving the growth of the market. Furthermore, microspheres are gaining traction for bone tissue engineering and radioembolization to treat liver cancer, along with the development of biopharmaceuticals. In the oil and gas industry, they are used for torque control in drilling fluids and mud lubricity in drilling machines. There is also an increase in the demand for paints and powder coatings that utilize microspheres for their high strength, low viscosity, gloss control and radiation curable properties. Moreover, factors including growing spending capacity of consumers, increasing research and development (R&D) in life sciences and biotechnology and the growing prevalence of lifestyle diseases are also favoring the market growth.
The report has also analyzed the competitive landscape of the market with some of the key players being 3M, AkzoNobel, Nouryon, Matsumoto Yushi-Seiyaku Company, Chase Corporation, Trelleborg, Momentive Performance Materials, Potters Industries, Luminex Corporation, Merit Medical Systems, Bangs Laboratories, Cospheric, Asia Pacific Microspheres, Mo-Sci Corporation, Sigmund Lindner and SIR-Spheres, etc.
2. What will be the global microspheres market outlook during the forecast period (2022-2027)?
3. What are the global microspheres market drivers?
4. What are the major trends in the global microspheres market?
5. What is the impact of COVID-19 on the global microspheres market?
6. What is the global microspheres market breakup by type?
7. What is the global microspheres market breakup by raw material?
8. What is the global microspheres market breakup by application?
9. What are the major regions in the global microspheres market?
Microspheres refer to solid sphere-shaped particles available in sizes ranging from 1 to 1000 µm. They are usually made using glass, ceramic, fly ash, metal and polymers and have controlled opacity, particle size distribution, gravity and electrostatic charge. In the medical sector, microspheres are used for drug administration and embolization, along with testing and development of medical equipment. They are lightweight, have portability and high compression abilities owing to which, they are used in the production of elastics, plastics, steel, automobiles, beauty care and personal care products. They are also used for developing low thickness boring liquid and concrete slurry for oil and gas extraction activities. In addition, they find extensive applications across aviation, aerospace, defense and construction sectors.
The thriving pharmaceutical and medical industries, along with the growing need for advanced drug delivery systems, is the key factor driving the growth of the market. Furthermore, microspheres are gaining traction for bone tissue engineering and radioembolization to treat liver cancer, along with the development of biopharmaceuticals. In the oil and gas industry, they are used for torque control in drilling fluids and mud lubricity in drilling machines. There is also an increase in the demand for paints and powder coatings that utilize microspheres for their high strength, low viscosity, gloss control and radiation curable properties. Moreover, factors including growing spending capacity of consumers, increasing research and development (R&D) in life sciences and biotechnology and the growing prevalence of lifestyle diseases are also favoring the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global microspheres market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, raw material and application.Breakup by Type:
- Hollow
- Solid
Breakup by Raw Material:
- Glass
- Ceramic
- Fly Ash
- Polymer
- Metal
- Others
Breakup by Application:
- Construction Composites
- Medical Technology
- Life Science & Biotechnology
- Paints & Coatings
- Cosmetics & Personal Care
- Oil & Gas
- Automotive
- Aerospace
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being 3M, AkzoNobel, Nouryon, Matsumoto Yushi-Seiyaku Company, Chase Corporation, Trelleborg, Momentive Performance Materials, Potters Industries, Luminex Corporation, Merit Medical Systems, Bangs Laboratories, Cospheric, Asia Pacific Microspheres, Mo-Sci Corporation, Sigmund Lindner and SIR-Spheres, etc.
Key Questions Answered in this Report
1. What was the global microspheres market size in 2021?2. What will be the global microspheres market outlook during the forecast period (2022-2027)?
3. What are the global microspheres market drivers?
4. What are the major trends in the global microspheres market?
5. What is the impact of COVID-19 on the global microspheres market?
6. What is the global microspheres market breakup by type?
7. What is the global microspheres market breakup by raw material?
8. What is the global microspheres market breakup by application?
9. What are the major regions in the global microspheres market?
Frequently Asked Questions about the Global Microspheres Market
What is the estimated value of the Global Microspheres Market?
What is the growth rate of the Global Microspheres Market?
What is the forecasted size of the Global Microspheres Market?
Who are the key companies in the Global Microspheres Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 108 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 5.34 Billion |
| Forecasted Market Value ( USD | $ 9.56 Billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Microspheres Market
6 Market Breakup by Type
7 Market Breakup by Raw Material
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porter’s Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M
- AkzoNobel
- Nouryon
- Matsumoto Yushi-Seiyaku Company
- Chase Corporation
- Trelleborg
- Momentive Performance Materials
- Potters Industries
- Luminex Corporation
- Merit Medical Systems
- Bangs Laboratories
- Cospheric
- Asia Pacific Microspheres
- Mo-Sci Corporation
- Sigmund Lindner
- SIR-Spheres
Methodology
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