The global Microspheres Market was estimated at USD 3.2 billion in 2015 and is anticipated to grow at a CAGR of 10.4% from 2017 to 2025. The growth of market can be attributed to the rising demand for advanced drug delivery systems and drug transportation. In addition, increasing demand from paints and coatings segment on account of advantageous properties such as rising solid content rate and flow maintenance.
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Market Synopsis of Microspheres Market:
Microspheres market is achieving
great momentum owing to increasing demand from various application industries
such as healthcare and construction. Superior properties and low price of
microsphere are one of the key factor driving the market growth. This rise in
the penetration of microspheres in healthcare application is credited to
growing drug delivery system demand due to its superior properties such as
reduced toxicity, improved efficacy, and improved patient compliance.
Type Insights
In terms of revenue, the major
share was acquired by hollow spheres in 2015 and is projected to grow at a rate
of 10.4% over the years ahead. Hollow microspheres have been dominating the
global market in recent past on account of its abilities to save material costs
as compared to other resins.
Hollow microspheres are applied
as sensitizers in building and construction, extracting and mining uses for
water gel explosives and emulsions. This is anticipated to be a key driving
factor in the growth of the market. Approximately 40% of the total revenue
share was shared by solid type in 2015.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Microspheres: Market
Variables, Trends & Scope
Chapter 4 Microspheres: Product
Estimates & Trend Analysis
Chapter 5 Microspheres:
Application Estimates & Trend Analysis
Chapter 6 Microspheres: End-use
Estimates & Trend Analysis
Chapter 7 Microspheres:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Microspheres: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Microspheres:
Manufacturers Company Profiles
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