PMMA Microspheres Market – Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Application (Light Diffusing Agent, Matting Agent, Cosmetic Additive, Ceramic Porogen, Modified Plastic Additive, Paints & Inks Additive, and Others), End-User (Lifesciences & Medical, Personal Care & Cosmetics, Electronics, Paints & Coatings, Plastics, Ceramics & Composites, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

10 %

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Market Overview

The market for PMMA microsphere is expected to grow at a CAGR of more than 10% during the forecast period. Major factors driving the market studied is demand for PMMA microspheres for cosmetic surgeries, increasing usage in medical industry.

  • Advancement in medical sciences and technology is likely to act as an opportunities.
  • North America dominated the market across the globe with the largest consumption in a country such as United States, Canada, etc.

Scope of the Report

The PMMA microspheres market report includes:

Application
Light Diffusing Agent
Matting Agent
Cosmetic Additive
Ceramic Porogen
Modified Plastic Additive
Paints & Inks Additive
Others
End-user
Lifesciences & Medical
Personal Care & Cosmetics
Electronics
Paints & Coatings
Plastics
Ceramics & Composites
Others
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 & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Life Sciences & Medical To Dominate the Market

  • Owing to increased usage of the product as a filler in bone cement, bulking agent for tissues, etc., the life sciences & medical industry is contributing the highest share in the PMMA microsphere market.
  • The biocompatibility of PMMA microspheres is good, which allows the particles to be used in the life sciences & medical industry.
  • Medical grade PMMA microspheres have smooth, round, and microscopic structures, which are not readily absorbed by the body. As the particles are injected, they start a natural bio-process to initiate the body response, where each PMMA microparticle is surrounded with new collagenous tissue growth.
  • These microspheres are also used as bulking agents. They provide a scaffold for the deposition of patient’s own collagen, within six months after injection.
  • Hyaluronic acid (HA) is used to ensure that the microspheres are delivered to the disc and to prevent the microspheres form coagulating during the tissue growth.
  • The non-degradable PMMA microspheres help in the production of new collagen, while injected HA is absorbed over time.The repair and restoration of long-lasting structural integrity of spinal disc defect is obtained through PMMA microspheres, in order to help in the natural production of human collagen.
  • Artificial bone cement based on PMMA microspheres is also widely used in orthopedics, owing to its great mechanical properties.
  • The advancements in bio-medical science technology are expected to provide good growth opportunities for the global PMMA microsphere market.

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China to Dominate the Asia-Pacific Region

  • Chinese PMMA microsphere market is driven by the medical, electronics and cosmetics sector.
  • Chinese government have started policies to support and encourage domestic medical device innovation providing opportunities for PMMA microsphere market.
  • “Made in China 2025” initiative improves industry efficiency, product quality, and brand reputation which will spur the development of domestic medical device manufactures and will increase the competiveness.
  • Apart from this, demand for PMMA microsphere market exists in the medical device sector which include in vitro equipment such as clinical and diagnostic analysis equipment, diagnostic reagents, medical test and basic equipment instruments, and point of care testing (POCT) as they have the best selling prospects.
  • In addition, orthopedics is driving the PMMA microsphere market as demand exists for implantable and intervention materials and artificial organs.
  • Production and usage of LCD/LED TVs and other electronic devices such as mobile phones, tablets etc. is increasing substantially in China driving the studied market.
  • China is embracing cutting-edge display technologies with an aim to become largest supplier of display panels by 2019. Global leaders such as Evonik Industries, Essen Germany & Dow etc. are concentrating more in China.
  • Also, increasing demand for anti age products, sunscreens and skincare products is driving the studied market.

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Competitive Landscape

The PMMA microspheres market is fragmented. Some of the major players include Cospheric LLC, Polysciences, Inc., Microbeads AS, Phosphorex Inc., and Matsumoto Yushi Seiyaku Co. Ltd, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Demand for PMMA Microspheres for Cosmetic Surgeries

      2. 4.1.2 Increasing Usage in Medical Industry

    2. 4.2 Restraints

    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. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Light Diffusing Agent

      2. 5.1.2 Matting Agent

      3. 5.1.3 Cosmetic Additive

      4. 5.1.4 Ceramic Porogen

      5. 5.1.5 Modified Plastic Additive

      6. 5.1.6 Paints & Inks Additive

      7. 5.1.7 Others

    2. 5.2 End-user

      1. 5.2.1 Lifesciences & Medical

      2. 5.2.2 Personal Care & Cosmetics

      3. 5.2.3 Electronics

      4. 5.2.4 Paints & Coatings

      5. 5.2.5 Plastics

      6. 5.2.6 Ceramics & Composites

      7. 5.2.7 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cospheric LLC

      2. 6.4.2 Goodfellow USA

      3. 6.4.3 Heyo Enterprises Co., Ltd.

      4. 6.4.4 J Color Chemicals Corp.Ltd

      5. 6.4.5 Matsumoto Yushi Seiyaku Co., Ltd

      6. 6.4.6 Microbeads AS

      7. 6.4.7 MicroChem

      8. 6.4.8 Microspheres-Nanospheres

      9. 6.4.9 Phosphorex, Inc.

      10. 6.4.10 Polysciences, Inc.

      11. 6.4.11 Sekisui Plastics

      12. 6.4.12 Sunjin Chemical Co., Ltd.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancement in Medical Sciences and Technology

    2. 7.2 Other Opportunities

** Subject to Availability

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