Hollow glass microspheres are further known as bubbles, microbubbles, and micro-balloons. These are basically made of borosilicate-soda lime and offer various benefits such as chemical resistance, low density, and high heat. Glass microspheres walls are quite rigid and have a thickness of over 10% of the overall diameter of a sphere. They provide a lot of functionalities in a small package. Weight reduction, viscosity reduction, cost-saving through lower resin consumption, enhanced mold flow, and improved impact resistance are some of the advantages offered by these microspheres.
MARKET DYNAMICS
The hollow microspheres market has witnessed significant growth owing to factors such as wider application in industries such as construction composites, medical technology, biotechnology & medicine, and cosmetics & personal care. Hollow microspheres further reduce resin demand due to their low surface area; reduced volatile organic compound, shrinkage, and also drying time by increasing solid content; provide good filling on uneven substrates; and provide lower viscosity compared to conventional fillers. They are also utilized to reduce the weight of cement to reinforce oil wells and underwater pipe insulation. However, fluctuating raw material prices and regulations on different raw materials may hamper the growth of the hollow microspheres market. Nevertheless, with the steady growth in the construction industry and medical industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Hollow Microspheres Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hollow microspheres market with detailed market segmentation by end-use, application, material type, and geography. The global hollow microspheres market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hollow microspheres market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hollow microspheres market is segmented on the basis of end-use, application, and material type. On the basis of end-use, the hollow microspheres market is segmented into construction composites, medical technology, biotechnology & medicine, and cosmetics & personal care. The hollow microspheres market on the basis of the application is classified into plastics & rubber, paint & coatings, construction materials, and others. On the basis of material type, global hollow microspheres market is bifurcated into hollow glass microsphere, foam glass granulates, cenosphere, perlite microsphere, and expanded polymer microsphere.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hollow microspheres market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hollow microspheres market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hollow microspheres market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hollow microspheres market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global hollow microspheres market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hollow microspheres market are anticipated to lucrative growth opportunities in the future with the rising demand for hollow microspheres in the global market. Below mentioned is the list of few companies engaged in the hollow microspheres market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hollow microspheres market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Dennert Poraver GmbH
- Chase Corporation
- Kureha Corporation
- Matsumoto Yushi-Seiyaku Co. Ltd.
- Nouryon (AkzoNobel N.V.)
- Omya International AG
- PQ Corporation
- Sekisui Group
- Sinosteel Maanshan New Material Technology Co. Ltd.
- The 3M Company
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