Global Microspheres Market is Expected to Boost Up Over the Period of 2014 - 2022

The Global Microspheres market accounted for $2.3 billion in 2014 and is projected to reach a CAGR of 7.9% to reach $4.23 billion by 2022. Microspheres are tiny spherical micro particles which can be produced naturally and synthetically with a size ranging from 1µm to 1000 µm. These are novel raw materials with advanced functionality that augments the quality of end product or finished good at a reduced cost. The major driver for the microsphere market is rapid growth of medical and oil & gas industries.

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Based on the material properties and chemical composition microspheres are classified into different types making them suitable for application-specific industries. Huge demand from advanced structural properties, development & renovation of infrastructure, existing & budding applications and amplified demand for efficiency will further fuel the growth of microspheres market. The factors such as getting approvals from FDA or other bio-safety organizations for microspheres use in medical applications are hindering the market growth.

The key players in microspheres market are AKZO Nobel Expancel, 3m Company, Henkel Ag & Co. Kgaa, Matsumoto Yushi-Seiyaku Co. Ltd, Asia Pacific Microspheres, Celonova Biosciences Inc, Evonik Industries Ag, Luminex Corp, Sirtex Medical Inc, Mo Sci Corporation, and Potters Industries Llc.

Types Covered:
Solid Microspheres
Hollow Microspheres
Magnetic Microspheres
Paramagnetic Microspheres
Applications Covered:
Medical Technology
Life Science & Biotechnology
Construction Composites
Automotive
Aerospace
Oil & Gas
Paints & Coatings
Cosmetics
Personal Care

Raw Materials Covered:
Fly Ash Microspheres
Ceramic Microspheres
Glass Microspheres
Polymer Microspheres
Metallic Microspheres

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Regions Covered:
North America
US
Canada
Europe
Germany
France
Italy
UK
Spain
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Latin America
Middle East
Africa
Others

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