What is the future of Microspheres Market? Know Covid Impact on Size, Share & Forecasts
June 18, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Microspheres Market.
It was estimated prior to this unanticipated outbreak that the Microspheres Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Microspheres Market, request a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/802/microspheres-market.html
Microspheres are spheres made up of polymer, metal, glass, ceramic, or others. These can be hollow or solid in structure.
Microspheres are used in construction, medical, paints, cosmetics, oil & gas, and many more other industries.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Click here for description of the report:
https://www.stratviewresearch.com/802/microspheres-market.html
Based on the type, the market is segmented as hollow microspheres and solid microspheres. The hollow microspheres segment dominates the market owing to its low crush strength, density, and absorption. The segment is also estimated to be fast growing type segment of the microspheres market during the forecast period.
Based on the raw material type, the market is segmented as glass microspheres, ceramic microspheres, fly ash microspheres, polymer microspheres, and metallic microspheres. The glass microspheres segment commanded the market in 2018, whereas the metallic microspheres segment is estimated to register high growth during the forecast period.
Based on the application type, the market is segmented as construction composites, medical technology, life science & biotechnology, paints & coatings, cosmetics & personal care, oil & gas, automotive, and aerospace. The construction composites application segment governed the market in 2018. The medical technology application segment is estimated to depict high growth rate in the coming five years driven by the increasing number of implant surgeries in North America, Europe, and Asia-Pacific. The medical technology segment is likely to be the largest application of the microspheres market by 2024. The growing healthcare industries in the U.S., The Middle East, and Asia-Pacific countries such as China, Japan, and India are further driving the growth of this segment.
In terms of regions, at present, North America is the largest microspheres market, in terms of value, closely trailed by Western Europe. Some of the factors boosting the growth of the North American market are amplified local manufacturing, high growth of end-use industries, and increased number of domestic players in the region. Asia-Pacific is estimated to be second fast growing microspheres market owing to the substantial demand from medical technology and construction composite applications. The presence of key developing nations such as China, India, and South Korea is also a major driver for the microspheres market in the region during the forecast period.
Key Players:
Some of the major players in the microspheres market are Akzonobel N.V., Asia Pacific Microspheres, Advanced Polymers International, Bangs Laboratories Inc., Cospheric LLC, Dennert Poraver GmbH, Durgesh Merchandise Pvt. Ltd., Petra India Group, Omya AG, and Qingdao Eastchem Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Microspheres Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.
Phone No. - +1-313-307-4176
Email - sales@stratviewresearch.com
Website - https://www.stratviewresearch.com/