World Microspheres Market Reviewed & Forecast in New M&M Report Published at MarketPublishers.com19 Feb 2015 • by Natalie Aster
LONDON – Surging demand for efficiency and improved materials with excellent structural properties, increased demand from existing and emerging applications, infrastructure development and modernisation, among other factors, are expected to drive the world’s microspheres market to a value of USD 5.9 billion by 2019. However, the sector’s growth is being restrained by fluctuating raw material costs, dearth of quality control in the developing world, and massive investments in R&D. The USA is the largest user of advanced materials which makes it the dominant microspheres market the world over. The country’s market is poised to see the exponential revenue growth over the next five years. Whilst the European market is expanding at a slow pace, the APAC market keeps on growing rapidly, led by China. The market for microspheres is still in its infancy in Latin America; however, the region is posting high growth owing to a hike in infrastructure expenditure.
The industry is inhabited mainly by very small players that make highly customised products with a focus on a particular end user sector. The US-based company, 3M, is the largest player based on volume sales.
New report “Microspheres Market, By Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paints & Coatings, Cosmetics, Oil & Gas, Automotive, Aerospace) & Raw Material (Glass, Ceramic & Others) – Global Trends & Forecasts To 2019” prepared by MarketsandMarkets (M&M) analyses the global microspheres market, examined on the basis of revenues for all regions and their leading countries. The revenues from each region are broken down by microsphere types, raw materials utilised, and their applications. The study gives an overview of major marketing trends and the most efficient growth strategies. It examines the major market drivers & restraints, challenges, pressing industry issues and key trends. The competitive landscape is canvassed, as well as the leading 11 players are profiled. The publication projects revenues of the total microspheres market and its various sub-markets pertaining to top 5 regions.
Microspheres Market, By Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paints & Coatings, Cosmetics, Oil & Gas, Automotive, Aerospace) & Raw Material (Glass, Ceramic & Others) – Global Trends & Forecasts To 2019
Published: February, 2015
Price: US$ 4,650.00
More new research reports by the publisher can be found at MarketsandMarkets page.