Thursday, 1 September 2016

Worldwide Microspheres Market – Industry Growth and Future Forecasts 2022

Microspheres are small spherical micro particleswhich are utilized across various industries. These are used as components in several advanced composites and materials in the personal care industries, healthcare, and in various specialty development & research applications. The report “Global Microspheres Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” by DecisionDatabases.com covers the analysis of the microspheres market using analytical tools such as Porter’s Five Forces Model. It provides the value chain analysis, market attractiveness analysis, and company share analysis along with key player’s complete profiles.

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These are produced from various synthetic and natural materials which can actlike high-quality optical microresonators or microcavities. Growing demand for energy conservation along with the increasing preference of reusable & recyclable materials is likely to augment the growth of microspheres market over the coming years. The report also foresees the superior structural properties of the product as a major driver for the market demand in the near future. The rising demand for various applications from medical technology, biotechnology, and life sciences market will further aid to the growth of the market in the forthcoming years. Increasing usage of microspheres in paints,coatings and oil & gas industries is expected to have a positive impact on the market growth of the product. However, volatility in the prices of raw materials and massive investment in R&D are major restraints, which can restrict the growth of this market during the forecast period.

The global market has been segmented based on types into hollow and solid. The hollow microspheres is a major type segment and is anticipated to grow at the highest CAGR over the coming years owing to the growing demand for various applications due to its low crush absorption, density and strength features. The market has been further segmented based on raw materials into glass, polymer, ceramic, fly AHS (Cenospheres) and metallic microspheres. Furthermore, the market has been segmented based on applications. Medical technology is a leading application segment and is projected to witness a double-digit growth in the study period on account of increasing demand for microspheres from healthcare industry for controlled drug delivery mechanisms. Microspheres encapsulate several types of drugs & easily administered through a needle, offer high bioavailability and are able of sustained release for a long duration.

North America is a major market for microspheres and is expected to continue its dominance over the forecast period owing to growing demand from personal care, cosmetics and medical technology industries in the region. Asia-Pacific is expected to become an emerging market in the near future due to expanding construction and healthcare industries in the region.

The key industry players include 3M Company, AkzoNobelExpancel, Matsumoto Yushi-Seiyaku Co. Ltd, Trelleborg AB, Luminex Corporation, Momentive Performance Materials Inc., Chase Corporation, Potters Industries LLC, Sigmund Lindner GmbH and Mo SCI Corporation.

In Oct 2012, Tate & Lyle, a leading food solutions, and ingredients provider, launched a salt reduction ingredient, SODA-LO™ Salt Microspheres, that functions, and tastes like salt but with reduce salt levels and used in various applications without sacrificing taste.

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In Jan 2015, Tide had launched the Tide's MicroSphere Creator for microdroplet and microbubble production with inline monitoring and precision control.

In Oct 2015, A European observational study to gather data on patients treated with irinotecan-loaded microspheres has been introduced by the CIRSE (Cardiovascular and Interventional Radiological Society of Europe). The CIRSE registration process for Lifepearl Microspheres has begun in the 2016.

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