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PUBLISHER: IMARC | PRODUCT CODE: 1370186

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PUBLISHER: IMARC | PRODUCT CODE: 1370186

Microspheres Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Abstract

Market Overview:

The global microspheres market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.03% during 2023-2028.

Microspheres refer to solid sphere-shaped particles available in sizes ranging from 1 to 1000 µm. They are usually made using glass, ceramic, fly ash, metal and polymers and have controlled opacity, particle size distribution, gravity and electrostatic charge. In the medical sector, microspheres are used for drug administration and embolization, along with testing and development of medical equipment. They are lightweight, have portability and high compression abilities owing to which, they are used in the production of elastics, plastics, steel, automobiles, beauty care and personal care products. They are also used for developing low thickness boring liquid and concrete slurry for oil and gas extraction activities. In addition, they find extensive applications across aviation, aerospace, defense and construction sectors.

The thriving pharmaceutical and medical industries, along with the growing need for advanced drug delivery systems, is the key factor driving the growth of the market. Furthermore, microspheres are gaining traction for bone tissue engineering and radioembolization to treat liver cancer, along with the development of biopharmaceuticals. In the oil and gas industry, they are used for torque control in drilling fluids and mud lubricity in drilling machines. There is also an increase in the demand for paints and powder coatings that utilize microspheres for their high strength, low viscosity, gloss control and radiation curable properties. Moreover, factors including growing spending capacity of consumers, increasing research and development (R&D) in life sciences and biotechnology and the growing prevalence of lifestyle diseases are also favoring the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global microspheres market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on type, raw material and application.

Breakup by Type:

Hollow

Solid

Breakup by Raw Material:

Glass

Ceramic

Fly Ash

Polymer

Metal

Others

Breakup by Application:

Construction Composites

Medical Technology

Life Science & Biotechnology

Paints & Coatings

Cosmetics & Personal Care

Oil & Gas

Automotive

Aerospace

Others

Breakup by Region:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 3M, AkzoNobel, Nouryon, Matsumoto Yushi-Seiyaku Company, Chase Corporation, Trelleborg, Momentive Performance Materials, Potters Industries, Luminex Corporation, Merit Medical Systems, Bangs Laboratories, Cospheric, Asia Pacific Microspheres, Mo-Sci Corporation, Sigmund Lindner and SIR-Spheres, etc.

Key Questions Answered in This Report

  • 1. What was the size of the global microspheres market in 2022?
  • 2. What is the expected growth rate of the global microspheres market during 2023-2028?
  • 3. What are the key factors driving the global microspheres market?
  • 4. What has been the impact of COVID-19 on the global microspheres market?
  • 5. What is the breakup of the global microspheres market based on the type?
  • 6. What is the breakup of the global microspheres market based on the raw material?
  • 7. What is the breakup of the global microspheres market based on the application?
  • 8. What are the key regions in the global microspheres market?
  • 9. Who are the key players/companies in the global microspheres market?
Product Code: SR112023A1569

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Microspheres Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Type
  • 5.5 Market Breakup by Raw Material
  • 5.6 Market Breakup by Application
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast

6 Market Breakup by Type

  • 6.1 Hollow
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Solid
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Raw Material

  • 7.1 Glass
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Ceramic
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Fly Ash
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Polymer
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Metal
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Construction Composites
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Medical Technology
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Life Science & Biotechnology
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Paints & Coatings
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Cosmetics & Personal Care
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Oil & Gas
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Automotive
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast
  • 8.8 Aerospace
    • 8.8.1 Market Trends
    • 8.8.2 Market Forecast
  • 8.9 Others
    • 8.9.1 Market Trends
    • 8.9.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Asia Pacific
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Middle East and Africa
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Latin America
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porter's Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 3M
    • 14.3.2 AkzoNobel
    • 14.3.3 Nouryon
    • 14.3.4 Matsumoto Yushi-Seiyaku Company
    • 14.3.5 Chase Corporation
    • 14.3.6 Trelleborg
    • 14.3.7 Momentive Performance Materials
    • 14.3.8 Potters Industries
    • 14.3.9 Luminex Corporation
    • 14.3.10 Merit Medical Systems
    • 14.3.11 Bangs Laboratories
    • 14.3.12 Cospheric
    • 14.3.13 Asia Pacific Microspheres
    • 14.3.14 Mo-Sci Corporation
    • 14.3.15 Sigmund Lindner
    • 14.3.16 SIR-Spheres
Product Code: SR112023A1569

List of Figures

  • Figure 1: Global: Microspheres Market: Major Drivers and Challenges
  • Figure 2: Global: Microspheres Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Microspheres Market: Breakup by Type (in %), 2022
  • Figure 4: Global: Microspheres Market: Breakup by Raw Material (in %), 2022
  • Figure 5: Global: Microspheres Market: Breakup by Application (in %), 2022
  • Figure 6: Global: Microspheres Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Microspheres Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 8: Global: Microspheres Industry: SWOT Analysis
  • Figure 9: Global: Microspheres Industry: Value Chain Analysis
  • Figure 10: Global: Microspheres Industry: Porter's Five Forces Analysis
  • Figure 11: Global: Microspheres (Hollow) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Microspheres (Hollow) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Microspheres (Solid) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Microspheres (Solid) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Microspheres (Glass) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Microspheres (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Microspheres (Ceramic) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Microspheres (Ceramic) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Microspheres (Fly Ash) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Microspheres (Fly Ash) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Microspheres (Polymer) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Microspheres (Polymer) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Microspheres (Metal) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Microspheres (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Microspheres (Other Raw Materials) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Microspheres (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Microspheres (Construction Composites) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Microspheres (Construction Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Microspheres (Medical Technology) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Microspheres (Medical Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Microspheres (Life Science & Biotechnology) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Microspheres (Life Science & Biotechnology) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Global: Microspheres (Paints & Coatings) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Global: Microspheres (Paints & Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Global: Microspheres (Cosmetics & Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Global: Microspheres (Cosmetics & Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Global: Microspheres (Oil & Gas) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Global: Microspheres (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: Global: Microspheres (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: Global: Microspheres (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Global: Microspheres (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Global: Microspheres (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Global: Microspheres (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Global: Microspheres (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: North America: Microspheres Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: North America: Microspheres Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: Europe: Microspheres Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: Europe: Microspheres Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: Asia Pacific: Microspheres Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: Asia Pacific: Microspheres Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: Middle East and Africa: Microspheres Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: Middle East and Africa: Microspheres Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: Latin America: Microspheres Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: Latin America: Microspheres Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

  • Table 1: Global: Microspheres Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Microspheres Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Microspheres Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
  • Table 4: Global: Microspheres Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Microspheres Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Microspheres Market Structure
  • Table 7: Global: Microspheres Market: Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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