DUBLIN--(BUSINESS WIRE)--The "Microspheres Market by Type (Hollow, Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic), Application (Construction Composites, Medical Technology, Cosmetics & Personal Care, Automotive, Oil & Gas) - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global microspheres market size was USD 3.98 billion in 2016 and is projected to reach USD 6.68 billion by 2022, at a CAGR of 9.02% between 2017 and 2022
The growing demand from major applications such as medical technology, cosmetics & personal care, oil & gas, and life science & biotechnology is expected to drive the demand for microspheres. The growing healthcare services sector is significantly driving the demand for microspheres. Fluctuating price of raw materials and lack of quality control across developing countries are the major restraints for the microspheres market.
The medical technology application is expected to witness the highest growth rate between 2017 and 2022. The demand for microspheres is increasing in medical technology application for controlled drug release delivery systems. The advantage of using microspheres in drug-delivery matrix is that they can encapsulate many types of drugs, including small molecules, proteins, and nucleic acids, and can be easily administered through a syringe needle. They are generally biocompatible, can provide high bioavailability, and are capable of sustained release for long periods of time.
Latin America and Asia-Pacific projected to be the fastest-growing markets during forecast period
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Microspheres Market, By Type
7 Microspheres Market, By Raw Material
8 Microspheres Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Advanced Polymers International
- Akzo Nobel N.V.
Asia Pacific Microspheres
- Bangs Laboratories Inc.
- Chase Corporation
- Dennert Poraver GmbH
- Durgesh Merchandise Pvt. Ltd.
- Luminex Corporation
- Matsumoto Yushi-Seiyaku Co. Ltd
- MO SCI Corporation
- Momentive Performance Materials Inc.
- Nanjing Jianzun Glass Microsphere Plant Co., Ltd
Petra India Group
- Qingdao Eastchem Inc.
- Sphertotech Inc.
The Kish Compmay, Inc.
- Trelleborg AB
For more information about this report visit https://www.researchandmarkets.com/research/vxln3t/microspheres