Microspheres Market | 2020-2027 | Industry Report

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6 %

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Market Overview

The microspheres market is expected to register a CAGR of over 6% during the forecast period. The major factors driving the market studied include advancements in medical science and technology and growing usage in the medical industry.

Fluctuating prices of raw materials and huge investments in R&D are expected to significantly hinder the growth of the market studied.
Asia-Pacific is expected to dominate the global market during the forecast period.
The growing demand of cancer treatment drugs and the expansion of end-user industries into new and emerging markets are likely to act as opportunities in the future.

Scope of the Report

The microspheres market includes:

Raw Material
		Glass
		Polymer
		Ceramic
		Fly ash
		Metallic
		Other Raw Materials

Type
		Hollow
		Solid

Application
		Automotive
		Aerospace
		Cosmetics
		Oil and Gas
		Paints and Coatings
		Medical Technology
		Composites
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Key Market Trends

Growing Usage in Medical Application

Microspheres, owing to properties, such as chemical resistance, heat resistance, enhanced processing, thermal stability, size, and the ability to deliver active materials, are widely used in the medical industry.
They are used as tracers and particles in medical devices made from glass, polymers, and ceramics.
Additionally, they are used in testing and developing medical devices, as they are available in a wide range of colors, accompanied by controlled opacity, particle size distribution, fluorescence, electrostatic charge, and specific gravity period.
Moreover, the usage of microspheres (majorly polymer microspheres) as a drug delivery system is gaining huge momentum, due to its ability to encapsulate variety of drugs, as well as biocompatibility and high bioavailability.
With continuous development in the medical sector, the microsphere market (henceforth, referred to as the market studied) is expected to see tremendous growth over the forecast period.

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China to Dominate the Asia-Pacific Market

China has the highest demand for microspheres in the Asia-Pacific region and is expected to increase during the forecast period.
The aircraft parts and assembly manufacturing sector in the country is growing at a rapid pace, with the presence of over 200 small aircraft parts manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang.
The aviation base in Zhoushan is also being developed, in order to create a robust aircraft manufacturing, repair, and maintenance base to cater to a capacity of nearly 600 aircrafts every year, by 2025.
Despite volatile growth in the real estate sector, significant development of rail and road infrastructure by the Chinese government (in order to withstand the demand from growing industrial and services sectors) has resulted in the robust growth of the Chinese construction industry, in recent years.
The Chinese government has rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next 10 years, despite efforts to rebalance its economy to a more service-oriented form.
Overall, the demand for microspheres is expected to increase in the country during the forecast period.

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Competitive Landscape

The microspheres market is partly consolidated in nature. Some of the major players of the market studied include, 3M, Nouryon, Chase Corp, Luminex Corporation, and Matsumoto Yushi Seiyaku Co. Ltd, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Advancements in Medical Science and Technology
  2. 4.1.2 Growing Usage in Medical Industry
2. 4.2 Restraints
  1. 4.2.1 Fluctuating Prices of Raw Materials
  2. 4.2.2 Huge Investments in R&D
  3. 4.2.3 High Production Costs
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. 4.5 Patent Analysis
5. MARKET SEGMENTATION
1. 5.1 Raw Material
  1. 5.1.1 Glass
  2. 5.1.2 Polymer
  3. 5.1.3 Ceramic
  4. 5.1.4 Fly ash
  5. 5.1.5 Metallic
  6. 5.1.6 Other Raw Materials
2. 5.2 Type
  1. 5.2.1 Hollow
  2. 5.2.2 Solid
3. 5.3 Application
  1. 5.3.1 Automotive
  2. 5.3.2 Aerospace
  3. 5.3.3 Cosmetics
  4. 5.3.4 Oil and Gas
  5. 5.3.5 Paints and Coatings
  6. 5.3.6 Medical Technology
  7. 5.3.7 Composites
  8. 5.3.8 Other Applications
4. 5.4 Geography
  1. 5.4.1 Asia-Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 India
    3. 5.4.1.3 Japan
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 Italy
    4. 5.4.3.4 France
    5. 5.4.3.5 Rest of Europe
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle-East and Africa
    1. 5.4.5.1 Saudi Arabia
    2. 5.4.5.2 South Africa
    3. 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 3M
  2. 6.4.2 Nouryon
  3. 6.4.3 Asia Pacific Microspheres
  4. 6.4.4 Bangs Laboratories Inc.
  5. 6.4.5 Chase Corp
  6. 6.4.6 Cospheric LLC
  7. 6.4.7 Luminex Corporation
  8. 6.4.8 Matsumoto Yushi Seiyaku Co., Ltd
  9. 6.4.9 Merit Medical Systems Inc.
  10. 6.4.10 Mo-Sci Corporation
  11. 6.4.11 Momentive
  12. 6.4.12 SIR-Spheres
  13. 6.4.13 Trelleborg

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Growing Demand in Cancer Treatment Drugs
2. 7.2 Expansion of End-user Industries into New and Emerging Markets

** Subject to Availability

Microspheres Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Snapshot

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Scope of the Report

Key Market Trends

Growing Usage in Medical Application

China to Dominate the Asia-Pacific Market

Competitive Landscape

Major Players

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents

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