The Middle East & African microsphere market is expected to register a moderate-paced growth rate during the forecasted period of 2018-2023. The major factor driving the market’s growth is the increasing demand from medical technologies, in addition to the recovering construction sector in the GCC.
The market studied has been segmented by textile, type of raw material, and end-user industry. By end-user industry, owing to the increasing demand for cancer treatment drugs and drug delivery systems, in addition to the growing government support for the development of medical sector in countries, such as Saudi Arabia, UAE, etc., the medical technology segment is expected to dominate the market.
The Saudi Arabian microsphere market is mainly driven by the growing medical sector. This can be attributed to the increasing incidence of diseases like cardiovascular disease and cancer, which drive government initiatives. Saudi Arabia, in its ‘Vision 2030’ plan, has emphasized more on privatization as an immediate strategy, to improve healthcare services. The total private investments are expected to reach about USD 100 billion by 2020. In addition, a total of USD 2.1 billion is expected to be invested in infrastructure projects for health equipment, over the next six years, with increasing annual expenditure on such equipment and devices, to USD 250 million by 2020.
The microsphere market is restrained by the dependence on exports in some African countries, like South Africa. Local manufacturers face funding issues, poor infrastructure, and staff shortages (particularly in the public sector). Therefore, opportunities exist for exporters, which is anticipated to hamper the studied market.
Major Players: 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC, Momentive Performance Materials Holdings LLC, Dennert Poraver GmbH, and Henkel AG & Co. KGaA, amongst others.
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Demand from the Medical Sector
4.1.2 Increasing Demand from the Electronics Sector
4.1.3 Other Drivers
4.2.1 Reliance on Exports in the African Medical Sector
4.2.2 Other Restraints
4.3.1 Stabilizing Construction Sector in the GCC
4.3.2 Other Opportunities
5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
5.1 By Type
5.2 By Raw Material
5.2.4 Fly ash
5.2.6 Other Raw Materials
5.3 By Application
5.3.4 Oil & gas
5.3.5 Paints & Coatings
5.3.6 Medical Technology
5.3.8 Other Applications
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Middle East & Africa
6.1.1 Saudi Arabia
6.1.2 South Africa
6.1.8 Rest of Middle East & Africa
7. Outlook of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.2 AkzoNobel Expancel
9.3 Aveka Manufacturing Inc.
9.4 Bangs Laboratories Inc.
9.5 Celonova Biosciences Inc.
9.6 Chase Corp.
9.7 Cospheric LLC
9.8 Evonik Industries AG
9.9 Henkel AG & Co. KGaA
9.10 Induchem AG
9.11 Luminex Corp.
9.12 Matsumoto Yushi-Seiyaku Co. Ltd
9.13 Merit Medical Systems Inc.
9.14 Mo Sci Corp.
9.15 Momentive Performance Materials Inc.
9.16 Nanjing Jianzun Glass Microsphere Plant Co. Ltd
9.18 Potters Industries LLC
9.19 Sirtex Medical Inc.
9.20 Sunjin Beauty Science
9.21 Swarco AG
9.22 Trelleborg AB
9.23 Sigmund Linder GmbH
9.24 Malayan Adhesives & Chemicals SDN BHD
9.25 Polysciences Inc.
*List not exhaustive
**Subject to availability on public domain