Expandable Microsphere Market

Expandable Microsphere Market

Expandable Microsphere Market Forecasts to 2030 - Global Analysis By Product Type (Polyacrylic Ester, Polyvinyl Acetate, Vinyl Acetate-Ethylene, Glass Microspheres, Ceramic Microspheres and Other Product Types), Type, Application, End User and By Geography

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Published: 2024 ID: SMRC25571

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $2.8 BN

Projected Year Value (2030)

US $6.6 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Expandable Microsphere Market is accounted for $2.8 billion in 2023 and is expected to reach $6.6 billion by 2030 growing at a CAGR of 13.0% during the forecast period. Expandable microspheres are tiny spherical particles with a solid outer shell, typically composed of a polymer or resin, encapsulating a volatile liquid. These microspheres are engineered to expand when exposed to heat, providing unique properties in various industries. Commonly used in lightweight materials, such as composites and coatings, expandable microspheres contribute to enhanced insulation, reduced density, and improved buoyancy. As the microspheres heat up, the enclosed liquid turns into gas, causing the spheres to expand, creating a cellular structure within the material. 

Market Dynamics: 


Growing demand for lightweight materials

Industries such as automotive, aerospace and construction seek innovative solutions for fuel efficiency and enhanced structural properties. Expandable microspheres contribute to this demand by providing a lightweight cellular structure in materials, ensuring increased insulation and durability. This trend fosters the widespread adoption of expandable microspheres, positioning them as a key component in the development of advanced lightweight materials across diverse sectors, fuelling market growth and innovation.


High production costs

Elevated manufacturing expenses often lead to higher product prices, impacting the competitiveness of materials containing expandable microspheres. This can deter cost-sensitive industries from embracing these innovative materials, limiting market penetration. Moreover, the high production costs may impede research and development efforts to explore new applications and improve existing formulations impeding the market growth.


Expanding fuel efficiency and sustainability

As industries strive to meet stringent environmental standards, these microspheres become pivotal in enhancing fuel efficiency. Incorporated into lightweight materials in automotive design, they contribute to reduced vehicle weight and improved fuel economy. Additionally, the sustainable nature of expandable microspheres aligns with eco-friendly initiatives, making them a preferred choice in various applications. The market experiences substantial growth as manufacturers seek innovative solutions to achieve both fuel efficiency goals and sustainability targets, positioning expandable microspheres as integral components in the drive towards greener practices.


Competition from alternative materials 

Rival materials offering similar benefits may divert demand away from expandable microspheres. The market faces challenges in establishing itself as the preferred choice, especially when competing materials may be more cost-effective or better suited for specific applications. This competition limits the market share and growth potential of expandable microspheres, emphasizing the need for continuous innovation, cost efficiency, and effective marketing

Covid-19 Impact

Lockdowns and restrictions affected production, leading to delays and shortages. Reduced industrial activities and construction during the pandemic influenced the demand for materials containing expandable microspheres. Moreover, economic uncertainties constrained investments in innovative solutions. However, as economies recover, the market is expected to regain momentum due to the renewed focus on lightweight, energy-efficient materials. The pandemic underscored the importance of resilience and adaptability, prompting the industry to explore new opportunities and strengthen strategies for future market resilience.

The polyacrylic ester segment is expected to be the largest during the forecast period

The polyacrylic ester segment is estimated to have a lucrative growth, because polyacrylic ester formulations contribute to improved insulation and reduced density in materials, aligning with the growing demand for lightweight solutions. Their compatibility with various matrices enhances performance characteristics, making them valuable in specialty applications. The expandable microsphere market benefits from the unique properties of polyacrylic ester microspheres, fostering innovation and addressing specific industry needs for enhanced efficiency, sustainability, and tailored material properties.

The insulation materials segment is expected to have the highest CAGR during the forecast period

The insulation materials segment is anticipated to witness the highest CAGR growth during the forecast period, as these materials, incorporated into products like insulating foams and coatings, contribute to energy efficiency and reduced environmental impact. These tiny, lightweight spheres, typically composed of a polymer shell encapsulating a gas or liquid, expand when exposed to heat. The ability to achieve effective insulation without adding significant weight makes expandable microspheres invaluable, driving innovation in the development of energy-efficient and sustainable insulation materials.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising construction activities and a growing automotive sector fuel the demand for materials incorporating expandable microspheres. Additionally, emphasis on energy efficiency and sustainability aligns with the market trends. Despite challenges posed by the COVID-19 pandemic, the region showcases resilience, with expanding applications in various industries propelling the Asia Pacific market toward sustained growth and technological advancements.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the United States and Canada, in particular, witness growing adoption in lightweight components, insulation materials, and coatings. Moreover these microspheres are finding new applications in various industries like automotive and aerospace due to their ability to reduce weight and improve product performance.  Thus as manufacturing techniques become more sophisticated, the demand for these versatile materials is likely to increase. contributing to ongoing market growth and development.

Key players in the market

Some of the key players in the Expandable Microsphere Market include Chase Corporation, Dennert Poraver GmbH, Givaudan, KUREHA CORPORATION, Luminex Corporation, Mark Impex, Matsumoto Yushi-Seiyaku Co., Ltd, Microspheres-Nanospheres, Momentive, Nanjing Chemical Material Corp., Nouryon, Poraver, SEKISUI CHEMICAL CO., LTD., Shanghai Joysun Chemical Co., Ltd, Sigmund Lindner GmbH, The Cary Company, The Kish Company, Inc., Thermo Fisher Scientific and Trelleborg AB  

Key Developments:

In January 2024, Givaudan launches Scentaurus™ Vanilla, consolidating the broadest collection of fragrance precursors in the industry. These precursors maximise a fragrances’ long lastingness across many applications, allowing for the exploration of new olfactive territories and delayed impact.

In January 2024, Adventus Mining Corporation announced the successful completion of the previously announced transaction pursuant to which Adventus acquired all of the issued and outstanding common shares of Luminex by way of a court-approved.

In November 2023, Chase Corporation Announces Completion of Acquisition by KKR and Welcomes Lance Reisman as Chairman of the Board of Directors. As a result of the completion of the transaction, Chase common stock has ceased trading and will no longer be listed on the NYSE American.

Product Types Covered:
• Polyacrylic Ester 
• Polyvinyl Acetate 
• Vinyl Acetate-Ethylene 
• Glass Microspheres 
• Ceramic Microspheres 
• Other Product Types 
Types Covered:
• Wet
• Dry

Applications Covered:
• Lightweight Concrete 
• Insulation Materials 
• Roofing Membranes 
• Self-Leveling Floors 
• Car Dashboards & Door Panels 
• Footwear 
• Coatings & Packaging 
• Other Applications 

End Users Covered:
• Construction
• Automotive
• Consumer Goods
• Oil & Gas
• Electronics
• Aerospace
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
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 2021, 2022, 2023, 2026, and 2030
- 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

Table of Contents

1 Executive Summary        
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 Application Analysis      
 3.8 End User Analysis       
 3.9 Emerging Markets       
 3.10 Impact of Covid-19       
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
5 Global Expandable Microsphere Market, By Product Type    
 5.1 Introduction       
 5.2 Polyacrylic Ester       
 5.3 Polyvinyl Acetate       
 5.4 Vinyl Acetate-Ethylene      
 5.5 Glass Microspheres       
 5.6 Ceramic Microspheres      
 5.7 Other Product Types      
6 Global Expandable Microsphere Market, By Type     
 6.1 Introduction       
 6.2 Wet        
 6.3 Dry        
7 Global Expandable Microsphere Market, By Application    
 7.1 Introduction       
 7.2 Lightweight Concrete      
 7.3 Insulation Materials       
 7.4 Roofing Membranes      
 7.5 Self-Leveling Floors       
 7.6 Car Dashboards & Door Panels      
 7.7 Footwear        
 7.8 Coatings & Packaging      
 7.9 Other Applications       
8 Global Expandable Microsphere Market, By End User    
 8.1 Introduction       
 8.2 Construction       
 8.3 Automotive       
 8.4 Consumer Goods       
 8.5 Oil & Gas        
 8.6 Electronics       
 8.7 Aerospace       
 8.8 Other End Users       
9 Global Expandable Microsphere Market, By Geography    
 9.1 Introduction       
 9.2 North America       
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia      
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa     
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions       
 10.5 Other Key Strategies      
11 Company Profiling        
 11.1 Chase Corporation       
 11.2 Dennert Poraver GmbH      
 11.3 Givaudan        
 11.5 Luminex Corporation      
 11.6 Mark Impex       
 11.7 Matsumoto Yushi-Seiyaku Co., Ltd     
 11.8 Microspheres-Nanospheres      
 11.9 Momentive       
 11.10 Nanjing Chemical Material Corp.     
 11.11 Nouryon        
 11.12 Poraver        
 11.14 Shanghai Joysun Chemical Co., Ltd     
 11.15 Sigmund Lindner GmbH      
 11.16 The Cary Company       
 11.17 The Kish Company, Inc.      
 11.18 Thermo Fisher Scientific      
 11.19 Trelleborg AB       
List of Tables         
1 Global Expandable Microsphere Market Outlook, By Region (2021-2030) ($MN)  
2 Global Expandable Microsphere Market Outlook, By Product Type (2021-2030) ($MN) 
3 Global Expandable Microsphere Market Outlook, By Polyacrylic Ester (2021-2030) ($MN) 
4 Global Expandable Microsphere Market Outlook, By Polyvinyl Acetate (2021-2030) ($MN) 
5 Global Expandable Microsphere Market Outlook, By Vinyl Acetate-Ethylene (2021-2030) ($MN)
6 Global Expandable Microsphere Market Outlook, By Glass Microspheres (2021-2030) ($MN) 
7 Global Expandable Microsphere Market Outlook, By Ceramic Microspheres (2021-2030) ($MN)
8 Global Expandable Microsphere Market Outlook, By Other Product Types (2021-2030) ($MN) 
9 Global Expandable Microsphere Market Outlook, By Type (2021-2030) ($MN)  
10 Global Expandable Microsphere Market Outlook, By Wet (2021-2030) ($MN)  
11 Global Expandable Microsphere Market Outlook, By Dry (2021-2030) ($MN)  
12 Global Expandable Microsphere Market Outlook, By Application (2021-2030) ($MN) 
13 Global Expandable Microsphere Market Outlook, By Lightweight Concrete (2021-2030) ($MN) 
14 Global Expandable Microsphere Market Outlook, By Insulation Materials (2021-2030) ($MN) 
15 Global Expandable Microsphere Market Outlook, By Roofing Membranes (2021-2030) ($MN) 
16 Global Expandable Microsphere Market Outlook, By Self-Leveling Floors (2021-2030) ($MN) 
17 Global Expandable Microsphere Market Outlook, By Car Dashboards & Door Panels (2021-2030) ($MN)
18 Global Expandable Microsphere Market Outlook, By Footwear (2021-2030) ($MN)  
19 Global Expandable Microsphere Market Outlook, By Coatings & Packaging (2021-2030) ($MN) 
20 Global Expandable Microsphere Market Outlook, By Other Applications (2021-2030) ($MN) 
21 Global Expandable Microsphere Market Outlook, By End User (2021-2030) ($MN)  
22 Global Expandable Microsphere Market Outlook, By Construction (2021-2030) ($MN) 
23 Global Expandable Microsphere Market Outlook, By Automotive (2021-2030) ($MN) 
24 Global Expandable Microsphere Market Outlook, By Consumer Goods (2021-2030) ($MN) 
25 Global Expandable Microsphere Market Outlook, By Oil & Gas (2021-2030) ($MN)  
26 Global Expandable Microsphere Market Outlook, By Electronics (2021-2030) ($MN)  
27 Global Expandable Microsphere Market Outlook, By Aerospace (2021-2030) ($MN)  
28 Global Expandable Microsphere Market Outlook, By Other End Users (2021-2030) ($MN) 
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

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