Expandable Microsphere Market Forecasts to 2028 – Global Analysis By Product (Lightweight Filler, Blowing Agents), Applications (Coating, Shoe Soles), End User (Automotive, Sports), Channel (Online, Offline) and By Geography
According to Stratistics MRC, the Global Expandable Microsphere Market is accounted for $2,236.14 million in 2020 and is expected to reach $3,349.39 million by 2028 growing at a CAGR of 5.2% during the forecast period. The extensive demand from the automotive industry, extensive use as lightweight filler and blowing agent are driving the market growth. However, the Negative effect of halogenated hydrocarbons on the environment is hampering the growth of the market.
Expandable microspheres are microscopic spheres that contain a thermoplastic shell encapsulating a low boiling point liquid hydrocarbon. On heating to a temperature high adequate to soften the thermoplastic shell, the growing pressure of the hydrocarbon will origin the microsphere to grow.
Based on the end-user, the construction segment is going to have lucrative growth during the forecast period. The growing usage of elastic microspheres in numerous building materials such as flooring material, synthetic wood, paint, putty/sealing material, wallpaper, and lightweight clay is certainly distressing the progress of the global market.
By geography, Asia Pacific is going to have high growth during the forecast period, due to the urbanization and industrialization in the rising economies such as China, India, and Singapore. Furthermore, advancement in technologies that are being developed across the region is further driving the growth of this market. The different key players in the Asia Pacific are concentrating on advanced technological expansions to support the growth of the market for Expandable Microspheres in the region.
Some of the key players profiled in the Expandable Microsphere Market include AkzoNobel, Bublon GmbH, Chase Corporation, Dainichiseika Color and Chemicals, Hunan Farida Technology Co Ltd, kcd GmbH, Kureha, Matsumoto Yushi-Seiyaku, Sekisui Chemical, The Kish Company and Tramaco GmbH.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3,349.39 million
Tables, Graphs& Figures
Type, Product, Application, End User, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Lightweight Filler
• Blowing Agents
• Auto Accessories
• Daily Necessities
• Elastomeric Cool
• Food Packaging
• Printing Inks
• Roof Coatings
• Shoe Soles
End Users Covered:
• Buildings and Infrastructure
• Consumer Goods
• Food and Beverages
• Sports & Leisure
Distributions Channels Covered:
• 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 2019, 2020, 2021, 2025 and 2028
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Expandable Microsphere Market is majorly driven by the extensive demand from the automotive industry, extensive use as lightweight filler and blowing agent.
The construction segment is growing at a highest CAGR owing to the growing usage of elastic microspheres in numerous building materials such as flooring material.
North America dominated with a significant market share due to the factors such as owing to the high investments in infrastructural development.
Asia Pacific market is growing at a highest CAGR owing to the urbanization and industrialization in the rising economies and, advancement in technologies that are being developed across the region.
Key players in Expandable Microsphere Market include AkzoNobel, Bublon GmbH, Chase Corporation, Dainichiseika Color and Chemicals, Hunan Farida Technology Co Ltd, kcd GmbH, Kureha, Matsumoto Yushi-Seiyaku, Sekisui Chemical, The Kish Company and Tramaco GmbH.
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