Opportunities for the global microsphere market to reach $3.8 billion by 2021 -USD 75,039

Publish Date: 15-11-2017 10:25:40 | Contact name: Lucintel | Location: USA | 1 times displayed |



According to a new market report published by Lucintel,
the future of the microsphere market looks promising with opportunities in the medical
technology, composites, and life sciences and biotechnology industries. The
global microsphere market is expected to reach an estimated $3.8 billion by
2021 and is forecast to grow at a CAGR of 6.8% from 2016 to 2021. The major
drivers
of growth for this market are the growing demand for higher efficiency and
lightweight materials and superior structural and enhanced properties of
microsphere over conventional fillers.



Microsphere is used as lightweight fillers,
additives, and blowing agents in variety of end use such as, composites, medical
technology, life sciences and biotechnology, cosmetics and personal care,
paints and coatings, and other applications. Lucintel forecast that the demand
for microspheres in medical technologies is likely to experience the highest
growth in the forecast period supported by growing application in assay
preparation, timely drug delivery, injections, inhalation products for
treatment of various diseases, and other uses.
On the basis of comprehensive research, Lucintel predicts that hollow
microsphere is expected to show above average growth during the forecast period
supported by growing demand for low density and superior quality in high-end
applications.



Within the microsphere market, glass
microsphere is expected to remain the largest market. Glass microspheres provide
lower viscosity, high melting point, and higher chemical resistance than other
types of microspheres, which is expected to spur growth for this segment over
the forecast period.



North America is expected to remain the
largest region due to the growing use of microspheres in R&D activities for
discovery of effective medicines and demand for lightweight materials in composite
applications.



Asia Pacific and the Rest of the World are
expected to witness good growth over the forecast period because of an increase
in building and construction applications, and growing demand in electrical and
electronics sectors considering its superior thermal properties.



For business expansion, the report suggests
innovation and new product development to reduce density, increase strength, reduce
environmental impact, and lowering cost. The report further suggests
the development of partnerships with customers to create win-win situations and
development of low-cost solutions for the end user.



Emerging
trends, which have a direct impact on the dynamics of the industry, include continuous
improvements in existing products to intensify the penetration level and
long-term sustainability, biodegradable microspheres, and increasing focus on
growing markets by expansion and alliances (Mergers and Acquisitions). The 3M
Company, Cospheric LLC, Potters Industries, Trelleborg Offshore &
Construction, and AkzoNobel
Expancel
are among the major suppliers of the microsphere.



Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global microsphere
market by application, by material, by product type, and by region and has come
up with a comprehensive research report entitled “Growth
Opportunities in the Global Microsphere Market 2016-2021: Trends, Forecast, and
Opportunity Analysis
. The Lucintel report serves as a
spring board for growth strategy as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the microsphere market by application, type of deposit, and region as follows:



By application [Volume (Kilotons) and $M
shipment analysis from 2010 to 2021]:



·
Composites



·
Medical Technology



·
Life Sciences and Biotechnology



·
Cosmetics and Personal Care



·
Paint and Coatings



·
Others





By Material [Volume (Kilotons) and $M shipment
analysis from 2010 to 2021]:



·
Glass Microsphere



·
Polymer Microsphere



·
Ceramic Microsphere



·
Fly Ash Microsphere



·
Metallic Microsphere



·
Others





By Product Type [Volume (Kilotons) and $M
shipment analysis from 2010 to 2021]:



·
Hollow microspheres



·
solid Microsphere





By region [Volume (Kilotons) and $M shipment
analysis from 2010 to 2021]:



·
North America



·
Europe



·
Asia Pacific



·
Rest of World



This
210-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include chemical
market research reports
, chemical
industry analysis report
, commercial due diligence
report
, business
strategy consulting
and market
research reports online
.





About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This
report answers following 11 key questions:





Q.1
What are some of the most promising potential, high-growth opportunities for global
microsphere market by applications (composites, medical technology, life
sciences and biotechnology, cosmetics and personal care, paints and coatings,
and others), by material (glass microspheres, polymer microspheres, ceramic
microspheres, fly ash (cenosphere) microspheres, metallic microspheres, and
others), by product type (solid microspheres and hollow microspheres), and
regions (North America, Europe, Asia Pacific, and the Rest of the World)?



Q.
2 Which segments will grow at a faster pace and why?



Q.3
Which regions will grow at a faster pace and why?



Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?



Q.5
What are the business risks and threats to the market?



Q.6
What are emerging trends in this market and reasons behind them?



Q.7
What are some changing demands of customers in the market?



Q.8
What are the new developments in the market? Which companies are leading these
developments?



Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?



Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via materials / product
substitution?



Q.11
What M&A activities have occurred in the last 5 years?





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