The global microspheres market size reached US$ 5.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.56 Billion by 2027, exhibiting at a CAGR of 10.2% during 2022-2027.
Microspheres are small spherical particles with size ranging from 1 to 1000 um. They can be produced from natural, inorganic or synthetic polymeric materials depending upon the intended use. Various methods are employed for the preparation of microspheres, some of which include spray drying, solvent evaporation, and single emulsion, double emulsion, and phase separation concertation techniques. These particles are extensively utilized in various industry verticals, such as oil and gas, medical, pharmaceutical and automotive, for a vast array of applications.
Global Microspheres Market Trends:
The global market is primarily driven by the numerous applications of microspheres in various industries. For instance, in the medical sector, microspheres are used as tracers in medical devices made from glass, polymers and ceramics. Furthermore, owing to various properties, such as particle distribution and electrostatic charge, these particles are used for manufacturing and testing medical devices. In addition to this, in the pharmaceutical industry, these particles form an integral part of bone tissue engineering and are utilized for the development of biopharmaceuticals. The oil and gas sector is another major industry in which microspheres find widespread utilization. These particles are employed for preparing low thickness boring liquid and concrete slurry, which are used in extraction activities, and for torque control in drilling fluids. The rising consumer expenditure capacities and extensive research and development (R&D) in the field of biotechnology are some of the other factors driving the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get a PDF Sample for more detailed market insights:https://www.imarcgroup.com/microspheres-market/requestsample
Global Microspheres Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these players include 3M Company, Akzo Nobel N.V., Nouryon Chemicals Holding B.V., MATSUMOTO YUSHI SEIYAKU CO (4365.T), Chase Corporation, Trelleborg AB, Momentive Performance Materials Inc., PQ Corporation, Luminex Corporation, Merit Medical Systems, Inc., Bangs Laboratories, Inc., Cospheric LLC, Malayan Adhesives & Chemicals Sdn Bhd, Mo-Sci Corporation, Sigmund Lindner GmbH, and Sirtex Medical Limited.
For more information about this report visit: https://bit.ly/3PBwler
The report has segmented the market on the basis of Type, Raw Material, Application, and Region.
Breakup by Type
- Hollow
- Solid
Breakup by Raw Material
- Glass
- Ceramic
- Fly Ash
- Polymer
- Metal
- Others
Breakup by Application
- Construction Composites
- Medical Technology
- Life Science & Biotechnology
- Paints & Coatings
- Cosmetics & Personal Care
- Oil & Gas
- Automotive
- Aerospace
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
