DUBLIN, April 4, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Polyurethane (PU) Microspheres Market by Applications (Encapsulation, Coatings, Adhesives, and Cosmetics) - Global Trends & Forecasts to 2020" report to their offering.
The global Polyurethane (PU) microspheres market is projected to reach USD 74.4 Million by 2020 from USD 47.6 Million in 2014, growing at a CAGR of 7.8% from 2015 to 2020
The growing demand of plastic underbody and application in architectural coatings drives the demand for PU microspheres. Furthermore, the growing global demand for repositionable adhesives, technological developments in drug delivery, and crop protection via encapsulation is fueling the market growth for PU microspheres.
In terms of application, encapsulation dominated the PU microspheres consumption and accounted for the largest share of the PU microspheres market size in terms of value in 2014, owing to its huge consumption from various end use industries such as pharmaceutical, paints & coatings, and agro chemical industries.
The major players in the encapsulation industry are backward integrated and hence a demand of approximately 70% is generated by companies that manufacture PU microspheres on their own. Technical feasibility problems such as inactivation of drugs during fabrication and poor control of drug release rates with the active agents is the reason why encapsulate producers tend to manufacture microspheres on their own.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period of 2015-2020. The regional market is primarily driven by the growth of major end-use industries such as construction, electronics, and automotive. China is the largest demand center in Asia-Pacific and accounts for over half of the total regional market volume. Various economic reforms in China over the last decade have helped the nation to emerge as the largest PU microspheres consuming country in the global market.
The North American polyurethane market is characterized by its growing application in automotive and electronics. Evolving production technologies coupled with the growing importance for bio-based PU is expected to drive the Asia-Pacific market. Europe is the dominant market and is expected to exhibit considerable growth during the forecast period. The European region is a major consumer for wood coatings, architectural coatings, and plastic coatings for automotive underbody, and hence commands the major share by value in the PU microspheres market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 PU Microspheres Market, By Applicaitons
6 PU Microspheres Market, By Geography
7 Competitive Landscape
8 Company Profiles
- Bayer Material Science, LLC.
- Burgundy Gold Ltd.
- Chase Corporation
- Heyo Enterprises Co., Ltd.
- ICB Pharma
- Inesfly Corporation
- Kolon Industry, Inc.
- Sanyo Chemical Industries, Ltd.
- Supercolori S.P.A.
- Tagra Biotechnologies Ltd.
- Teledyne Dalsa
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SOURCE Research and Markets