Ceramic Microspheres - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Ceramic Microspheres Market is expected to grow at a CAGR of 15.2% during the forecast period. Increase in construction and related engineering activities and rising fiberglass demand on account of surging demand for durable, light-weight, and non-corrosive components are some of the factors propelling the growth of the market. However, the volatile cost of raw material is hampering the growth of the market.
Ceramic microspheres are microscopic particles intended for use as additives and fillers in paints, mastic, coatings, and other construction materials. The ceramic microsphere is a lightweight, inert, hollow sphere produced from silica & alumina and filled with air or inert gas, typically produced as a by-product of coal combustion at thermal power plants.
Based on the end-user, the paints & coatings segment is anticipated to hold considerable market share during the forecast period owing to the higher viscosity, reduced costs, shrinkage, drying time, and volatile organic compounds (VOC) emissions. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the growing construction industry in China and India coupled with China being one of the largest fiberglass manufacturers in the world.
Some of the key players profiled in the Ceramic Microspheres Market include Zeeospheres Ceramics LLC, Trelleborg AB, The Cary Company, Sigmund Lindner GmbH, Akzo Nobel N.V., Polysciences, Nanjing Jianzun Glass Microsphere, Momentive Performance Materials, Luminex Corporation, Dennert Poraver, Chase Corporation, Bangs Laboratories, Advanced Polymers, 3M, and Potters Industries.
• Rubber Products
• Fiberglass Production
• Mining Explosives Production
• Plastic Products
• Film Ink Production
End Users Covered:
• Paints & Coatings
• Oil & Gas Consumables
• Life Science & Biotechnology
• Cosmetics & Personal Care
• Building & Construction
• Medical Technology
• Aerospace & Defence
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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