Microspheres Materials Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Microspheres, also referred to as microparticles are small spherical particles, which have diameters ranging from one to thousand micrometers. Microspheres are powders that are biodegradable in nature and are manufactured from various synthetic and natural materials such as polymer microspheres, glass microspheres, and ceramic microspheres. The method involved in the preparation of microparticles includes spray drying and cooling, solvent extraction, and quasi emulsion solvent diffusion. Floating and hollow microspheres differ extensively in density and therefore, used for various applications. Hollow microspheres are usually used as additives to lower density of a material. Floating microspheres have numerous applications depending on its material and size.

Microspheres Materials Market Taxonomy

On the basis of product type, the global market is segmented into:

  • Floating Microsphere
    • Effervescent Type
    • Non-Effervescent Type
  • Radioactive Microsphere
  • Hollow Microsphere
  • Magnetic Microsphere
  • Muchoadhesive Microsphere

On the basis of technique, the global market is segmented into:

  • Single Emulsion Technique
    • Heat stabilization method
    • Chemical stabilization method
    • Ionic chelation method
  • Double Emulsion Technique
  • Polymerization Technique
    • Normal phase
      • Bulk
      • Suspension
      • Emulsion
    • Interfacial
  • Spray Drying Technique
  • Spray Congealing Technique
  • Solvent Extraction Technique
  • Phase Separation Co-acervation Technique
  • Solvent Evaporation Technique

On the basis of raw material, the global market is segmented into:

  • Glass Microspheres
  • Polymer Microspheres
    • Synthetic Polymers
      • Non-Biodegradable Polymers
        • Poly methyl methacrylate (PMMA)
        • Glycidyl methacrylate
        • Epoxy polymers
      • Biodegradable polymers
        • Lactides and Glycolides and their copolymers
        • Poly alkyl cyano acrylates
        • Polyanhydrides
        • Poly-ε-caprolactone (PCL)
      • Natural Polymers
        • Carbohydrates
          • Agarose
          • Carrageenan
          • Chitosan
          • Starch
        • Proteins
          • Albumin
          • Gelatin
          • Collagen
        • Chemically modified carbohydrates
          • Poly dextran
          • Poly starch
        • Ceramic Microspheres
        • Fly AHS (Cenospheres) Microspheres
        • Metallic Microspheres

 On the basis of end-use industry, the global microspheres materials market is segmented into:

  • Medical Technology
  • Life Science & Biotechnology
  • Paints & Coatings
  • Cosmetics & Personal Care
  • Oil & Gas
  • Automotive
  • Aerospace
  • Construction
  • Others (marine, etc)

The medical and biotechnology applications of microsphere materials include drug delivery systems, embolization, skin treatments, and bulking agent. Lightweight materials and syntactic foams are extensively used in the aerospace sector, making aerospace the largest application segment in the market. Also, growth of the drilling activities, has resulted in an increased demand for microspheres, as it helps improve mud lubricity and control the essential torque of the drill machine. This makes microspheres essential to the oil & gas industry. The demand for the retro-reflective feature and lower specific gravity of microspheres, has resulted in its use of manufacturing paints that are used in the road signs. Microspheres are majorly used in the milling and grinding of various minerals and pigments in the cosmetics and personal care products industries. Growth of the cosmetics & personal care end-use industries, especially in the emerging economies of India and China, creates a highly lucrative environment for growth of the global microspheres market.

North America is the largest and fastest-growing market for microspheres in the world, owing to rampant growth of its end-use industries such as medical technology, automotive, oil & gas, and aerospace. Asia-Pacific is the second fastest-growing region due to burgeoning growth of life sciences & biotechnology, and paints & coatings end-use industries in the region.

Product innovation is one of the key strategies adopted by the leading players in the microspheres material market, with BASF and Trelleborg at the forefront of innovation. BASF has developed innovative microsphere-based admixture technology for freeze-thaw durability eliminating the need for air-entrained concrete. Trelleborg has also developed Eccofloat—hollow glass microspheres to meet deep-sea buoyancy requirements for subsea applications. Some of the major companies operating in the global microspheres materials market are Trelleborg, BASF, Phosphorex, Pylote, Potters Industries LLC, 3M Company, AkzoNobel, Dennert Poraver GmbH Luminex Corporation, Chase Corporation, Expancel, Sigmund Lindner GmbH, and Momentive Performance Materials Inc.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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