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The United States microspheres market is currently witnessing moderate growth. Microspheres refer to solid spherical nanoparticles with controlled opacity, particle size distribution, gravity and electrostatic charge. They are usually manufactured from natural and synthetic materials, such as cellulose, glass, silica and metal, and are commonly prepared using polymerization and emulsion techniques. They consist of biodegradable proteins and are widely used in anti-cancer and ophthalmic drug delivery systems. They are also used in the oil and gas industry for mud lubricity and torque control in the drilling fluids. Apart from this, they find extensive applications in the manufacturing of elastic, plastic, steel, cosmetic and personal care products.
Significant growth in the medical industry, along with the growing demand for advanced drug delivery systems, is creating a positive outlook for the market. Microspheres have a superior ability to encapsulate various pharmaceutical drugs and express high biocompatibility and bioavailability. In line with this, microspheres are widely used for bone tissue engineering, radioembolization and the development of biopharmaceuticals, thereby favoring the market growth. Additionally, the widespread adoption of innovative hollow-glass microspheres (HGMS) in the construction industry is acting as another growth-inducing factor. HGMS are used for the manufacturing of light-weight extruded fine-grain cement concrete and construction composites with smooth surface finishing and high thermal insulation and crack resistance. Other factors, including the extensive infrastructural developments in the United States, coupled with the increasing demand for high-performance paints and coatings, are anticipated to drive the market further. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States microspheres market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, raw material and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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