Summary
The APAC Microspheres Market has been estimated at USD XX million in 2016 and is projected to reach USD XX million by 2021 , at a CAGR of XX % during the forecast period from 2016 to 2021 .
Microspheres are spherical micro particles with their size ranging from 0.1 to 100 micrometer . They are used where consistent and predictable particle surface area is important . Microspheres have external pores on the surface or internal pores in the core . Some uses of these particles include carriers for drugs , high speed chromatography , cell delivery , and tissue regeneration as a scaffold .
Microspheres are most commonly used in the oil & gas industry . The end-user industries for this product include aerospace industry , cosmetics industry , automotive industry , paints & coatings industry , medical technology , composites and others . In 2015 , in terms of revenue , XX industry accounted market share of XX % of the Asia-Pacific microspheres market .
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Market Dynamics of the APAC Microspheres Market : Drivers :
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Advancements in medical science & technology Recyclability & reusability
Restraints :
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Fluctuating prices of the raw materials High production costs
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The APAC microspheres market can be broadly segmented on the basis of types ( hollow and solid microspheres ); on the basis of raw materials ( glass , polymers , metallic , ceramics , fly ash , and others ) and also on the basis of geography ( China , India , Japan , South Korea , Malaysia , Singapore , Thailand , Indonesia , Australia & New Zealand and Rest of APAC ). The microspheres made from fly ash are also termed as cenosphere .
The market has more relevance today because of the growing demand for microspheres in cancer treatment drugs . Apart from that , the expansion of end-user industries into new and emerging markets has led to new opportunities for the growth of the APAC microspheres market .
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