Glass Microspheres Market is Forecasted to Reach USD 3.8 Billion in 2025, Says Stratview Research

The global Glass Microspheres Market is projected to witness a growth rate annually from 2020 to 2025, with an anticipated size of USD 3.8 billion in 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Glass 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: https://www.stratviewresearch.com/Request-Sample/870/glass-microspheres-market.html#form

Report Highlights: `
Market Size in 2025: USD 3.8 billion
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Glass Microspheres Market:
The global Glass Microspheres Market is segmented by material type, application type, & region

Based on material type: Stratview has firstly segmented the glass microspheres market based on the material type as hollow glass microsphere, foam glass granulates, perlite microsphere, and solid glass beads. 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 plastic & rubber applications, such as SMCs, injection-molded parts, packaging films, and wood composites; as well as in construction materials, such as caulks, adhesives & sealants, cultured marbles, putties, and potting compounds; and paints & coatings; and other applications such as lightweight cement slurries, syntactic foam, and buoyancy modules & risers.
Solid glass beads are currently holding the second-largest share in the market. Solid glass beads have higher densities (borosilicate glass spheres: 2.2 g/cm3, soda-lime glass spheres: 2.5 g/cm3, and barium titanate glass spheres: 4.49 g/cm3) and offer excellent retroreflection property, and are preferred in road marking application in order to lower the risk of accidents.

Based on application type: The market is classified as plastics & rubber, paints & coatings, construction materials, agriculture materials, life sciences & pharmaceutical, and others. Paints & coatings are likely to remain the most dominant application, in terms of value, in the glass microspheres market during the forecast period. Glass microspheres reduce resin demand due to their lowest surface area; reduce volatile organic compound, shrinkage, and drying time by increasing solid content; provide good filling on uneven substrates; and provide lower viscosity compared to conventional fillers. In contrast to white inorganic pigments, such as TiO2, the glass microspheres efficiently reflect UV, Vis, and NIR radiations.
Plastics & rubber accounted for the second-largest share after paints & coatings. Microspheres are replacing traditional fillers, such as talc, calcium carbonate, and clay, in the transportation sector with the increasing effort towards the use of lightweight materials to improve fuel efficiency.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/870/glass-microspheres-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe, which is currently holding the leading position, will manage its lead in the global market by 2025. This growth outlook is majorly attributed to the following-
• Germany is the growth engine of the European glass microspheres market. Increased demand for glass microspheres in fuel-efficient vehicles and energy-efficient homes in the region is behind the dominance of Europe in the world.
• The short-term market demand is challenging in the European region with Italy, Russia, the UK, and Spain being severely impacted by the coronavirus outbreak.

Asia-Pacific, from 2021 onwards, is estimated to heal up with the fastest pace. China, India, and Japan are estimated to remain the major markets for glass microspheres in the region. There has been a growing presence of regional companies in the market.

Glass Microspheres Market Drivers:
The growth of the Glass Microspheres Market is driven by several factors.
• The demand for glass microspheres is primarily driven by the growth of key end-use industries such as automotive, building & construction, and consumer goods. Their advanced material properties-such as lightweighting, improved dimensional stability, and reduced processing requirements-make them ideal for these sectors.
• In addition, increasing preference for materials that enhance fuel efficiency and product performance in lightweight applications further supports market growth.

Top 10 Companies in the Glass Microspheres Market:
Stratview Research has identified the following companies as the top market players:
• The 3M Company
• PQ Corporation
• Omya International AG
• Sinosteel Maanshan New Material Technology Co. Ltd.
• Dennert Poraver GmbH
• Sigmund Lindner GmbH
• Dicalite Management Group, Inc.
• SWARCO AG
• Silbrico Corporation
• Bublon GmbH

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Glass 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:
• Microspheres Market: https://www.stratviewresearch.com/802/microspheres-market.html
• Hollow Microspheres Market: https://www.stratviewresearch.com/828/hollow-microspheres-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.