Microspheres Market is Projected to be Worth $5,871.3 Million by 2019

DALLAS, December 12, 2014 /PRNewswire/ --

The report, "Microspheres Market by Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paints & Coatings, Cosmetics, Oil & Gas, Automotive, Aerospace) & Raw Material (Glass, Ceramic & Others)-Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the microspheres market with an analysis and forecast for types, raw materials, and applications by value.

Browse 70 tables and 50 figures spread through 160 Pages and in-depth TOC are available for examination in the "Microspheres Market - Global Trends & Forecasts to 2019."

http://www.marketsandmarkets.com/Market-Reports/microsphere-market-1086.html

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The Microspheres Market is mainly driven by the growing demand for efficiency and light weight components and materials. The superior structural properties offered by these advanced materials are the prime reason why microspheres are experiencing huge surge in demand from existing and emerging applications. North America, due to its huge demand for advanced materials offering better process control and enhancing the efficiency of operations, is the major growth engine for this market. North America, Europe, and Asia-Pacific dominated the microspheres market and together accounted for over 92% of the market share in 2013, by value. Country-wise, the U.S. is the top consumer of microsphere products. Germany is the second-largest microsphere consumer in the world. The microspheres market is experiencing a boom, especially in China due to heavy spending on infrastructure and the flourishing manufacturing industry. Latin America, due to its booming oil & gas industries, offers significant prospect for the manufacturers establishing their manufacturing bases and sale offices in the region.

The microsphere industry players modify their product line on a regular basis with highly customized and advanced microspheres in order to bag more supply contracts, which in turn increase their market shares. Most of the companies offer only a particular kind of microsphere. In terms of the global market, the industry comprises many small market participants with only few key companies globally. The U.S. chemical giant 3M Company is the largest player of this market followed by several other players, such as Potters Industries (U.S.) and Sigmund Lindner GmbH (Germany).

The report forecasts the market size by value of the microspheres market and its various submarkets with respect to five main regions namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The countries, such as U.S., China, Canada, and Germany are also analyzed.

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The report segments the microspheres market by major applications namely construction composites, medical technology, life sciences & biotechnology, paints & coatings, cosmetics & personal care, oil & gas, automotive, aerospace, and others. The types of microspheres included are hollow and solid. Also, the types of raw materials used for the manufacturing of microspheres include glass, ceramic, fly ash, polymer, metallic, and others. It also focuses on the market share analysis and market metrics, such as drivers, restraints, opportunities, and winning imperatives.

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