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Microspheres Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global microspheres market reached a value of US$ 4.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.50% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 sub-segment of the global microspheres market, along with forecasts at the global and regional level from 2021-2026. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Raw Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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

List of Figures

Figure 1: Global: Microspheres Market: Major Drivers and Challenges
Figure 2: Global: Microspheres Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Microspheres Market: Breakup by Type (in %), 2020
Figure 4: Global: Microspheres Market: Breakup by Raw Material (in %), 2020
Figure 5: Global: Microspheres Market: Breakup by Application (in %), 2020
Figure 6: Global: Microspheres Market: Breakup by Region (in %), 2020
Figure 7: Global: Microspheres Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 12: Global: Microspheres (Hollow) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Microspheres (Solid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Microspheres (Solid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Microspheres (Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Microspheres (Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Microspheres (Ceramic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Microspheres (Ceramic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Microspheres (Fly Ash) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Microspheres (Fly Ash) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Microspheres (Polymer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Microspheres (Polymer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Microspheres (Metal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Microspheres (Metal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Microspheres (Other Raw Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Microspheres (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Microspheres (Construction Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Microspheres (Construction Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Microspheres (Medical Technology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Microspheres (Medical Technology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Microspheres (Life Science & Biotechnology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Microspheres (Life Science & Biotechnology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Microspheres (Paints & Coatings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Microspheres (Paints & Coatings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Microspheres (Cosmetics & Personal Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Microspheres (Cosmetics & Personal Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Microspheres (Oil & Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Microspheres (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Microspheres (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Microspheres (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Microspheres (Aerospace) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Microspheres (Aerospace) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Microspheres (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Microspheres (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: North America: Microspheres Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: North America: Microspheres Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Europe: Microspheres Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Europe: Microspheres Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Asia Pacific: Microspheres Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Asia Pacific: Microspheres Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Middle East and Africa: Microspheres Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Middle East and Africa: Microspheres Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Latin America: Microspheres Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Latin America: Microspheres Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Microspheres Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Microspheres Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Microspheres Market Forecast: Breakup by Raw Material (in Million US$), 2021-2026
Table 4: Global: Microspheres Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Microspheres Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Microspheres Market Structure
Table 7: Global: Microspheres Market: Key Players

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Key Question Answered in this Report

The global microspheres market reached a value of US$ 4.6 Billion in 2020.

According to the estimates by IMARC Group, the global microspheres market is expected to grow at a CAGR of 8.50% during 2021-2026.

The rising adoption of microspheres across numerous end-use industries, such as aviation, aerospace, defense, construction, etc., is currently driving the growth of the global microspheres market. 

The expanding pharmaceutical and medical sectors, coupled with the increasing demand for advanced drug delivery systems, represents some of the key trends in the global microspheres market. 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for microspheres, thereby hampering the overall market growth. 

On the basis of the type, the market has been bifurcated into hollow microspheres and solid microspheres. Amongst these, solid microspheres hold the majority of the total market share.

On the basis of the raw material, the market has been classified into glass, ceramic, fly ash, polymer, metal, and others. At present, glass exhibits a clear dominance in the market.

On the basis of the application, the market has been categorized into construction composites, medical technology, life science and biotechnology, paints and coatings, cosmetics and personal care, oil and gas, automotive, aerospace, and others. Amongst these, construction composites currently account for the majority of the total market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market. 

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