Microspheres: Technologies and Global Markets
Report Highlights
The global market for microspheres totaled $5.0 billion in 2017 and is estimated to reach $6.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.8% for the period of 2017-2022.
Report Includes
- 87 data tables and 30 additional tables
- An overview of the global market for microspheres
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Identification of segments with high growth potential and their future applications
- Explanation of major drivers and regional dynamics of the market and current trends within the industry
- Detailed profiles of major vendors in the market, including 3M Corp., BASF SE, Boston Scientific Corp., Evonik Industries AG and L'Oréal S.A.
Report Scope
This report analyzes microspheres—homogeneous microparticles of 1 to 1,000 microns in diameter. Microspheres can be solid or hollow and are made from a variety of raw materials.
In this report, BCC Research analyzes the global market for microspheres by both material type and applications. Since there are several types of microspheres that vary drastically in quality, chemical properties, functionality, and price, each type of microsphere is discussed in detail, including materials, manufacturing processes, advantages, prices, and primary applications. Similarly, due to these variations, microsphere use in five major application markets are discussed and analyzed in detail.
The report provides detailed analysis and market forecasts by industry, microsphere type and geographic region through 2022. It describes major industry players and examines recent advances in technology, newly evolving markets, companies, and other factors influencing pricing characteristics. As already mentioned, except in a few segments, market prices are not controlled by supply and demand; instead, markets are created by new technologies and applications.
The scope of the current report has been widened by increasing the number of companies reviewed to more than double the number in past reports. The explosion in participants in the field is creating both job opportunities as well as new applications.
Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant US dollars, unadjusted for inflation.
This report does not detail the metallic microsphere market, as this is a parallel industry that is analyzed in depth in other reports from BCC Research, such as those of metal injection molding (MIM) and powder metallurgy. MIM is the largest growing market for micron-sized metallic powders. Metallic microspheres are mostly solid microspheres and are more commonly referred to as metal powders, whereas this report covers materials for which microspheres are available in both solid and hollow forms.
Analyst Credentials
Vijay Subramanian has a Ph.D. in Materials Science from the University of Cincinnati, and extensive experience in the field of materials and their global markets. He worked for more than a decade in the automotive industry in the U.S., and later in India, and owns several U.S. patents. Dr. Subramanian has authored reports for BCC Research since 2012. Dr. Subramanian lives with his wife and two daughters in Kochi, India.
Report Highlights
The global market for microspheres reached nearly $2.3 billion in 2014. This market is expected to reach $2.4 billion by 2015 and $3.5 billion by 2020, registering a compound annual growth rate (CAGR) of 7.8% from 2015 to 2020.
Report Includes
- An overview of the global market and technologies for microspheres, which are spherical microparticles used as components in many advanced materials and composites, in the healthcare and personal care industries, and in many specialty research and development applications.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
- Identification of a variety of types of microspheres available on the market, as well as relevant industries, technologies and applications.
- Examination of demand for microspheres in six major industries: composites, paints and coatings, oil and gas, cosmetics and personal care, biotechnology and life sciences, and medicine and medical devices.
- Descriptions of different types of microspheres with respect to their chemical composition, including glass, ceramic, and polymer microspheres, and unique material properties that make them suitable for specific industries and applications.
- Profiles of major players in the industry.
Report Highlights
The global market for microspheres was estimated to total nearly $2.2 billion in 2012 and is projected to increase to $2.4 billion in 2013; the market should total $4.4 billion by 2018 and have a five-year compound annual growth rate (CAGR) for of 12.6%.
Report Includes
- An overview of the global market and technologies for microspheres, which are spherical microparticles used as components in many advanced materials and composites, in the healthcare and personal care industries, and in many specialty research and development applications.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Identification of a variety of types of microspheres available on the market, as well as relevant industries, technologies and applications.
- Examination of demand for microspheres in six major industries: composites, paints and coatings, oil and gas, cosmetics and personal care, biotechnology and life sciences, and medicine and medical devices.
- Descriptions of different types of microspheres with respect to their chemical composition, including glass, ceramic, and polymer microspheres, and unique material properties that make them suitable for specific industries and applications.
Report Highlights
- The global market for microspheres in 2010 is estimated to be $2 billion and growing at a 5–year compound annual growth rate (CAGR) of 11.6%, reaching global sales of $3.5 billion by 2015.
- The use of microspheres in medical technology is a relatively new and evolving industry that will see an estimated compound annual growth rate (CAGR) of 24.5% over the next 5 years. This sector is valued at $481 million in 2010 and is expected to reach $1.4 billion by 2015.
- BCC’s analysis suggests that microspheres will see significantly increased demand in the life–sciences markets, which include medicine and biotechnology. The life sciences sector is worth an estimated $203 million in 2010 and is expected to increase at a 9.3% compound annual growth rate (CAGR) to reach $317 million in 2015.