Hollow Microspheres Market is Forecasted to Reach US$ 4.13 billion in 2026, Says Stratview Research

The global Hollow Microspheres Market is projected to witness a growth rate of 6.5% annually from 2021 to 2026, with an anticipated size of US$ 4.13 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Hollow Microspheres Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2026: US$ 4.13 billion
Growth (CAGR): 6.5% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Hollow Microspheres Market:
The global Hollow Microspheres Market is segmented material type, application type, and region

Based on the material type: The market is segmented as hollow glass microsphere, foam glass granulates, cenosphere, perlite microsphere, and expanded polymer microsphere. The hollow glass microsphere is likely to remain the most preferred microsphere type in the market in the coming years. Hollow glass microspheres are increasingly finding usage in plastics and rubber applications such as SMCs, injection-molded parts, packaging films, and wood composites. Similarly in paints and coatings, such as acrylic and industrial latex paints, solar reflective coatings, and epoxy coatings; in construction materials, such as engineered wood, kitchen sinks, putties, caulks and sealants, washbasins and bathtubs, wall, sealing, gaps, interior and exterior use on walls, lightweight cement slurries and other applications such as agriculture, buoyancy modules, and risers, deep-sea pipe, and flowline insulation.

Expanded polymer microsphere, currently holding a diminutive position as compared to hollow glass microspheres, is estimated to capture some share of other hollow microspheres, especially of hollow glass microspheres in the coming years. Expanded polymer microspheres usually expand about 60 times their original size without the addition of weight. Furthermore, the density of the expanded polymer microsphere is relatively lower than the hollow glass microsphere. Expanded polymer microspheres are gaining traction in paints and coatings, plastics and rubbers, and construction materials, such as polyester putties, and cultured marble.

Based on the application type: The market is classified as plastics and rubber, paint and coatings, construction materials, and others. Plastics and rubber are likely to remain the most dominant application segment, in terms of value, in the hollow microspheres market during the forecast period. Plastics have been replacing metals for years to reduce greenhouse gas emissions and improve fuel efficiency. Now research is focused on low-density plastics that are lighter in weight without compromising performance. Contrary to the traditional fillers (talc, calcium carbonate, and clay with a specific density of 2.5 to 2.8 g/cm3), hollow microspheres with a specific density of less than 0.6 g/cm3 help in 10-30% plastic parts' weight reduction. Hollow microspheres also improve productivity by reducing energy consumption, cost, and cycle time (by 25%).

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is projected to witness the highest growth during the forecast period. This growth outlook is majorly attributed to the following-
• The region is the largest manufacturer as well as consumer of traditional fillers in the world.
• An expected rebound in the production of automobiles and construction activities coupled with a gradual shift from traditional fillers to hollow microspheres may drive the region's market in years to come.

Hollow Microspheres Market Drivers:
The Hollow Microspheres Market is driven by several key factors, including:
• The regulation to reduce volatile organic compounds in paints & coatings, and the rising demand for energy-efficient buildings were the major factors that helped hollow microspheres to grow at a healthy pace till 2019. The market was expected to continue its remarkable growth in 2020.
• Hollow microspheres have witnessed a remarkable journey with their increasing adoption into various end-use industries to leverage weight reduction benefits. Owing to this, hollow microspheres dominated the overall microsphere market in 2020.

Top 10 Companies in the Hollow Microspheres Market:
Stratview Research has identified the following companies as the top market players:
• Chase Corporation
• Dennert Poraver GmbH
• Kureha Corporation
• Matsumoto Yushi-Seiyaku Co., Ltd.
• Nouryon, Omya AG
• PQ Corporation
• Sekisui Chemical Co., Ltd.
• Sinosteel Maanshan New Material Technology Co., Ltd
• The 3M Company.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Hollow Microspheres Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Glass Microspheres Market: https://www.stratviewresearch.com/870/glass-microspheres-market.html
• Microspheres Market: https://www.stratviewresearch.com/802/microspheres-market.html

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This release was published on openPR.