+1-888-308-5802     
News Contact Us

Microspheres Market Future Challenges and Industry Growth Outlook 2024

Author : Rahul Varpe | Published Date : 2019-03-22 

North America, led by Canada and the U.S. microspheres market size may witness significant gains over the forecast timeframe. Increasing healthcare sector owing to rising aging population should drive regional industry growth. Increasing number of domestic players in the region supported by government guidelines should drive industry growth.

Europe microspheres market size, driven by UK, Italy, France, and Germany, may show steady gains owing to rise in construction sector. Increasing construction spending towards new building development may favor regional industry growth.

Hollow microspheres market may witness significant gains over the forecast timeframe. They are used as sensitizers in quarrying, paint & coatings, construction and mining applications for water gel emulsions and explosives, thereby fueling product demand. Global paints and coatings market may exceed USD 180 billion by 2024, with gains at over 6%. Strong application scope in the coatings sector due to increasing scratch and abrasion resistance, reducing staining and water absorption properties will propel microspheres market demand.

Request for an in-depth table of contents for this report @ www.gminsights.com/request-toc/upcoming/1829

Glass, polymer, ceramic, metallic and fly ash are the key raw materials used for manufacturing process. Ceramic microspheres have high hardness and superior crush strength and are used in various coating applications owing to its good appearance and improves durability. Glass microspheres market segment has perceived excellent growth due to its tight tolerance properties. Strong application outlook in military, aerospace, oil & gas, molded plastic components, paint & coatings, and construction industries should drive industry growth.

Fluctuating raw material costs along with lack of product quality may create demand supply gap and affect microspheres market price trend. Also, prices are dependent on packaging and coating by silicone or silane.

Microspheres Market size may grow significantly over the forecast timeframe owing to positive application scope in medical technology and healthcare, cosmetics and personal care, and automotive industries. It is free flowing powders consisting synthetic polymers or proteins which are biodegradable.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1829

Microspheres are used as tracers and particles in medical devices which are made from glass, polymers and ceramics. Additionally, they are used in testing and developing medical devices owing to their availability in wide range of colors accompanied with controlled opacity, particle size distribution, fluorescence, electrostatic charge and specific gravity. Global medical device market size is likely to exceed USD 500 billion by 2024. Increasing new hospital construction projects along with medical equipment demand should drive microspheres market growth.

Global microspheres market share is competitive with some of the prominent industry participants include 3M Company, AkzoNobel, Sigmund Lindner, Potters Industries, Luminex Corporation, Momentive Performance Materials and Chase Corporation.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Hybrid Additive Manufacturing Machines Market is expected to grow significantly over the upcoming years

Published Date: 2019-10-22         Author: Rahul Varpe

Hybrid Additive Manufacturing Machines Market research report by Global Market Insights is a compilation of pivotal insights pertaining to market size, competitive spectrum, geographical outlook, contender share, and consumption trends of this industry. The report also highlights the key drivers and... Read More

Automated Material Handling Equipment Market - Global Drivers, Opportunities, Trends and Forecasts to 2025

Published Date: 2019-10-22         Author: Rahul Varpe

Automated Material Handling Equipment Market research report by Global Market Insights is a compilation of pivotal insights pertaining to market size, competitive spectrum, geographical outlook, contender share, and consumption trends of this industry. The report also highlights the key drivers and ... Read More

Filter Bags Market is expected to generate a huge demand by 2024

Published Date: 2019-10-22         Author: Rahul Varpe

Filter Bags Market research report added by Global Market Insights is a thorough analysis of the latest trends prevalent in this business. The report also dispenses valuable statistics about market size, participant share, and consumption data in terms of key regions, along with an insightful gist o... Read More

© 2019 Fractovia. All Rights Reserved