Microspheres Market Size, Share & Trends Analysis Report By Product (Hollow, Solid), By Material (Glass, Ceramic, Polymer, Fly Ash, Metallic), By Application, By Region, And Segment Forecasts, 2024

Description

Microspheres Market Growth & Trends:

The global microspheres market size is expected to reach USD 11.24 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has witnessed strong growth over the past few years on account of the rising demand from the paints and coatings sector, construction, and healthcare industries. The cost-effective nature of microspheres has been a crucial factor for the increasing market penetration.

Increasing technological innovation in terms of improving the characteristics of microspheres has resulted in the expansion of the market. However, growing concerns over the microbeads impact on the environment and the strengthening of the regulatory framework is expected to have a negative impact on the market.

The growing demand from the paints and coatings sector owing to the increasing production in emerging economies and expansion of the manufacturing industry is expected to have a positive impact over the forecast period. The expansion of the construction industry will remain a major growth contributing factor for microspheres in the near future.

Microspheres Market Report Highlights:

Hollow microspheres dominated the market and accounted for a share of 59.3% in 2023 due to their cost-effective performance-enhancing properties.
The glass microspheres segment accounted for the largest market revenue share of 45.2% in 2023. This is attributable to the increased demand of glass microspheres in the manufacturing of products such as paint, coating, rubber, plastics, and many more.
The healthcare and biotechnology segment dominated the market with a market share of 32.5% in 2023. The applications of microspheres in drug delivery systems, tissue engineering, and diagnosis are the factors responsible for the market growth.
Key industry participants include Potters Industries LLC, Chase Corporation, Akzo Nobel Expancel, 3M Company and Sigmund Lindner GmbH. This sector is also characterized by product development and innovation where companies and research institutes are developing new techniques and products for microspheres that are commercially viable.
Companies are focusing on expansion of their business presence and are implementing strategies such as acquisition in order to increase their market penetration within the global microspheres market. Potters Industries LLC have developed hollow microspheres that have thicker walls and higher density.

Product Code: GVR-1-68038-315-7

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Microspheres Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Microspheres Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Microspheres Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Microspheres Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Hollow Microspheres
- 4.3.1. Hollow Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Solid Microspheres
- 4.4.1. Solid Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Microspheres Market: Material Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Microspheres Market: Material Movement Analysis, 2023 & 2030 (USD Million)
5.3. Glass Microspheres
- 5.3.1. Glass Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Polymer Microspheres
- 5.4.1. Polymer Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Ceramic Microspheres
- 5.5.1. Ceramic Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Fly Ash (Cenospheres) Microspheres
- 5.6.1. Fly Ash (Cenospheres) Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Metallic Microspheres
- 5.7.1. Metallic Microspheres Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Microspheres Market: Application Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Microspheres Market: Application Movement Analysis, 2023 & 2030 (USD Million)
6.3. Construction Composites
- 6.3.1. Construction Composites Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Healthcare and Biotechnology
- 6.4.1. Healthcare and Biotechnology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Paints & Coatings
- 6.5.1. Paints & Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Cosmetics & Personal Care
- 6.6.1. Cosmetics & Personal Care Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.7. Oil & Gas
- 6.7.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.8. Automotive
- 6.8.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Microspheres Market: Regional Estimates & Trend Analysis

7.1. Microspheres Market Share, By Region, 2023 & 2030 (USD Million)
7.2. North America
- 7.2.1. North America Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. UK Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Italy Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Spain Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. China Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
  - 7.4.3.1. Japan Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Taiwan
  - 7.4.5.1. Taiwan Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. South Korea Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Argentina
  - 7.5.2.1. Argentina Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Brazil
  - 7.5.3.1. Brazil Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
  - 7.6.2.1. Saudi Arabia Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Nigeria
  - 7.6.3.1. Nigeria Microspheres Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Akzo Nobel N.V.
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Trelleborg Ab
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Chase Corp
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. MO SCI, LLC
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Sigmund Linder GmbH
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Momentive Performance Materials
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Potters Industries LLC
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. DiaSorin S.p.A
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Matsumoto Yushi-Seiyaku Co. Ltd
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. 3M Company
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives

Microspheres Market Size, Share & Trends Analysis Report By Product (Hollow, Solid), By Material (Glass, Ceramic, Polymer, Fly Ash, Metallic), By Application, By Region, And Segment Forecasts, 2024 - 2030