Microspheres Market
In terms of demand, North America held the largest share of the microspheres market in 2014 out of which U. S. accounted for the majority share. Huge investments in R & D by the key players in North America has led to increasing number of applications for microspheres, hence contributing to overall market growth. Asia Pacific is the fastest growing market for microspheres over the forecast period. Rapid growth in infrastructure, aerospace, and automotive industries in Asia Pacific is the major driver for growth of microspheres market. In terms of demand, microspheres market in Europe followed that of North America in 2014. However, the Europe market is estimated to grow at a slower rate compared to North America and Asia Pacific.
The upcoming construction projects in the developing economies of Asia Pacific is expected to drive the demand for microspheres in composites, paints & coatings, and aerospace industry. Microspheres market in Latin America and Middle East & Africa is expected to rise at a moderate rate during the forecast period.
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Few of the key players of the global microspheres market are 3M, Akzo Nobel N. V., Chase Corporation, Matsumoto Yushi-Seiyaku Co., Ltd, Luminex Corporation, Sigmund Lindner GmbH, MO-SCI, Cospheric LLC, Nanjing Jianzun Glass Microsphere Plant Co., Ltd., Dennert Poraver GmbH, Potters Industries LLC, and Momentive Performance Materials Inc.
The microspheres market has been segmented as follows: Microspheres Market – Product Segment Analysis
• Hollow Microspheres
• Solid Microspheres
Microspheres Market – Material Segment Analysis
• Glass Microspheres
• Polymers Microspheres
• Ceramic Microspheres
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