Microspheres: Technologies and Global Markets

June 23, 2011

Wellesley, Mass. – In a recent release, MICROSPHERES: TECHNOLOGIES AND GLOBAL MARKETS (AVM073A) from BCC Research (www.bccresearch.com), the global market for microspheres was $2 billion in 2010. That value is projected to be $3.5 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 11.6%.

The global microsphere market can be broken down by industry into six segments – composites, medical technology, life sciences, personal care, specialty, and other.

The segment made up of composites was valued at $1 billion in 2010, and in 2015 should be worth $1.3 billion, yielding a CAGR of 5.2%.

The medical technology segment, worth $481 million in 2010, should rise to $1.4 billion in 2015 at a CAGR of 24.5%.

The segment made up of life sciences was worth $203 million in 2010 and should reach a value of $317 million in 2015, a CAGR of 9.3%.

The personal care segment was valued at $167 million in 2010 and should be worth $211 million in 2015, a CAGR of 4.8%.

The specialty segment was valued at $30 million in 2010 and should be worth $79 million in 2015, a CAGR of 21.4%.

The other segment was worth $121 million in 2010 and should be worth $144 million in 2015, a CAGR of 3.5%.

Microspheres are spherical microparticles typically between 1 micron and 1,000 microns in diameter. They are innovative raw materials with superior functionality that help improve the quality of the final product at reduced costs. Due to their unique properties, they have found uses in many industry applications over the years, with composites consuming the largest amount by volume.

Today manufacturers and formulators face the challenges of tougher regulatory environments, aggressive competition, and greater customer demands. With advancing science, microspheres are taking on a new role as a functional additive and enabling technology that offers a winning combination of benefits, like reduced cost and improved product quality for these manufacturers and formulators.

The report has a broad intended audience, starting off with manufacturers and consumers of microspheres. Also included will be marketing executives, entrepreneurs, investors, venture capitalists, scientists and engineers, and anyone with interest in the microspheres market.

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Microspheres: Technologies and Global Markets( AVM073A )
Publish Date: Nov 2010    

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