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Microspheres Market size may grow significantly over the forecast timeframe owing to positive application scope in medical technology and healthcare, cosmetics and personal care, and automotive industries. It is free flowing powders consisting synthetic polymers or proteins which are biodegradable.Microspheres are used as tracers and particles in medical devices which are made from glass, polymers and ceramics. Additionally, they are used in testing and developing medical devices owing to their availability in wide range of colors accompanied with controlled opacity, particle size distribution, fluorescence, electrostatic charge and specific gravity. Global medical device market size is likely to exceed USD 500 billion by 2024. Increasing new hospital construction projects along with medical equipment demand should drive microspheres market growth.
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Strong application outlook in pharmaceutical sector should drive microspheres market size. They are ideally used in bone tissue engineering and drug delivery. Radioembolization is an invasive process that combines radiation therapy and embolization to treat liver cancer. Microspheres drug delivery system are commercially valuable in development of biopharmaceuticals and small molecules.
Hollow microspheres market may witness significant gains over the forecast timeframe. They are used as sensitizers in quarrying, paint & coatings, construction and mining applications for water gel emulsions and explosives, thereby fueling product demand. Global paints and coatings market may exceed USD 180 billion by 2024, with gains at over 6%. Strong application scope in the coatings sector due to increasing scratch and abrasion resistance, reducing staining and water absorption properties will propel microspheres market demand.
The Microspheres Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Microspheres Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Microspheres Market Product Insights
5. Microspheres Market Application Insights
6 Microspheres Market Regional Insights
7. Competitor Profiles
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Europe microspheres market size, driven by UK, Italy, France, and Germany, may show steady gains owing to rise in construction sector. Increasing construction spending towards new building development may favor regional industry growth.
Asia Pacific, led by India, South Korea, Japan and China microspheres market size may register significant growth owing to increased government spending on healthcare along with consumer health awareness towards growing incidence of chronic diseases should drive regional growth.Reasons to Buy This Report:
1 Microspheres Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Microspheres Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Global microspheres market share is competitive with some of the prominent industry participants include 3M Company, AkzoNobel, Sigmund Lindner, Potters Industries, Luminex Corporation, Momentive Performance Materials and Chase Corporation.
Contact Info:
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/microspheres-market
Release ID: 528360