Microspheres Market
REPORT DESCRIPTION
Microspheres Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023
Transparency Market Research has published a new report titled “ Microspheres Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023 ”. According to the report , the global microspheres market was valued at US $ 2.72 Bn in 2014 and is anticipated to reach US $ 7.77 Bn in 2023 , expanding at a CAGR of 12.4 % between 2015 and 2023 .
Microspheres are small spherical particles having size ( diameter ) from 1 to 1000 µ m . These microstructures particles have white powdery form . Microspheres are manufactured using different natural and synthetic materials such as glass , polymer , ceramic , fly ash , metals . Owing to the superior structural and mechanical properties , microspheres are majorly used as additives or fillers to reduce the density of a material .
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On the basis of product type , microspheres market can be categorized into hollow microspheres and solid microspheres . Both the product types have comparable growth rate in the global market . On the basis of raw material , microspheres market can be segmented into glass microspheres , polymer microspheres , ceramic microspheres , fly ash microspheres , metallic microspheres , and others . Glass microspheres accounted for the largest market by material in 2014 . It held over 50 % of the global microsphere market . In terms of application , microspheres market can be classified into composites , medical technology , life science & biotechnology , paints & coatings , cosmetics & personal care , oil & gas , automotive , aerospace , and others . Composites and medical technology are the largest applications for microspheres cumulatively accounting for over 50 % of the market in 2014 .
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