Microspheres Market to Reach $5.9 Billion in 2019 Led by U.S.

29 Oct, 2015, 22:00 ET from ReportsnReports

PUNE, India, October 30, 2015 /PRNewswire/ --

Factors driving global microspheres market growth are high demand from current & emerging applications, superior structural properties, recyclable & reusable, development & modernization of infrastructure, and increased demand for efficiency.

Complete report on microspheres market spread across 148 pages, profiling 10 companies and supported with 84 tables and 77 figures is now available at http://www.reportsnreports.com/reports/254208-microspheres-market-by-type-hollow-solid-application-construction-composites-medical-technology-paints-coatingscosmetics-oil-gas-automotive-aerospace-raw-material-glass-ceramic-others-global-trends-forecasts-to-2018.html .

U.S. leads the world in terms of usage of advanced materials to increase the efficiency and reliability of operations which makes it the biggest microspheres market across the globe. The market here is expected to experience highest revenue growth during the next five years. The factors hindering the growth of worldwide microspheres market are the fluctuating cost of raw materials, lack of quality control across developing countries, and huge investment in R&D. The market is growing slowly in Europe but it will continue to grow at significant rate in the Asia-Pacific region. Asia-Pacific is driven by countries such as China, the fastest growing country in global microspheres market. The microspheres market is still in infancy stage in Latin America. But this region is experiencing high growth on account of increased infrastructure spending. On the whole, it is evident that North America and Asia-Pacific are the most lucrative microspheres market.

Most players in this industry are very small and manufacture highly customized products focusing on particular end user industry. U.S-based 3M is the largest player in terms of volume sales. Every company, big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin; thereby increasing overall revenue. The companies involved in microspheres business adopted this strategy by expanding into emerging markets such as Asia-Pacific and South America. Most of the major companies manufacturing microspheres are headquartered in the U.S. and Europe.

Medical technology will emerge as the most dominant application of the microspheres market globally. Within raw material types, glass microspheres offer significant advantages over others and have wide applications in almost all industries such as cosmetics & personal care, paints & coatings, oil & gas and aerospace. Hence these are the market leaders in terms of size. Hollow microspheres being the most used microspheres in the market, captured most of the market.

Companies like 3M Company, AKZO Nobel Expancel, Henkel AG & Co. KGAA, Matsumoto Yushi-Seiyaku Co. Ltd, Trelleborg AB, Luminex Corporation, Momentive Performance Materials Inc., Potters Industries LLC, Sigmund Linder GMBH and MO SCI Corporation are profiled in this microspheres industry report available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=254208 .

The second and recently published research titled Global Microspheres Industry Report 2015 is spread across 169 pages and supported with 180+ tables and figures. Companies like AKZO Nobel Expancel, 3M, Henkel AG & Co. KGAA, Matsumoto Yushi-Seiyaku, Trelleborg AB, Luminex, Momentive Performance Materials, Potters Industries, Sigmund Linder GMBH and MO SCI Corporation are profiled in this report. The research provides details on development trends and forecasts of microspheres industry for 2015-2020 covering information on capacity and production overview, production market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of microspheres 2015-2020. Read more at http://www.reportsnreports.com/reports/409647-global-microspheres-industry-report-2015.html .

Explore more report on advanced materials market at http://www.reportsnreports.com/market-research/advanced-material/ .

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