Microsphere Market is expected to reach $4.2 Billion by 2025- An exclusive market research report by Lucintel
Lucintel's latest market report analyzed thatmicrosphere provides attractive opportunities in composites, medical technology, life science & biotechnology, and painting & coating industries. The microsphere market is expected to reach $4.2 billion by 2025 with a CAGR of 5%. In this market, glass microsphere is the largest segment by material type, whereas composite is largest by end use industry. The continuous research and development to improve drug delivery system and development of biodegradable microspheres provides strategic growth path in this market.
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Based on material type, the microsphere market is segmented into glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, metallic microspheres. The glass microsphere segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to lower viscosity, high melting point, and higher chemical resistance than other types of microsphere.
Browse in-depth TOC on “Microsphere Market”
102 – Tables
128 – Figures
186 – Pages
The Microsphere Market is marked by the presence of several big and small players. Some of the prominent players offering microsphere include 3M, Cospheric, Trelleborg, and AkzoNobel Expancel.
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