USD 6150.92 billion
Expandable Microspheres Market Size, Share, Growth Analysis, By Application(Polyacrylic ester (PAE), Polyvinyl Acetate (PVA), Vinyl Acetate Ethylene (VAE), Synthetic Rubber Buildings and Infrastructure), By Product type(Wet, and dry), By Type(Automotive, Construction, Sports and Leisure, Consumer Goods), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15B2045 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
93
|Figures:
76
Expandable Microspheres Market Insights
Expandable Microspheres Market size was valued at USD 6711.88 Billion in 2023 and is poised to grow from USD 7324 Billion in 2024 to USD 13313.73 Billion by 2032, growing at a CAGR of 9.12% during the forecast period (2025-2032).
The growth of the expandable microspheres market is driven by increase in usage of lightweight filler and blowing agents. Automobile industry holds the maximum share in the segment. Due to stringent regulation for lightweight fuel efficient vehicles, the demand for expandable microspheres is increasing. There is also a growing demand for expandable microspheres in treating cancer and also in diagnostic machines as a reagent in the devices.
The Asia-Pacific region has the maximum usage of an expandable microsphere. It is due to rapid urbanization and industrialization of developing countries in regions such as India, China, and Japan. Expandable microspheres are used highly in the construction industry. Europe is also expecting significant growth. It is due to the presence of a large number of automotive companies.
US Expandable Microspheres Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
9.12% CAGR
Global Expandable Microspheres Market ($ Bn)
Country Share for North America Region (%)
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Expandable Microspheres Market Segmental Analysis
On the basis application, global expandable microsphere is segmented into Lightweight Filler and Blowing Agents. On the basis of product type, it is segmented into, Polyacrylic ester (PAE), Polyvinyl Acetate (PVA), Vinyl Acetate Ethylene (VAE), Synthetic Rubber Buildings and Infrastructure, Transportation and Consumer goods. On the basis of end user, it is segmented into Automotive, Construction, Sports and Leisure, and Others.. On the basis of type, it is segmented into Wet, and dry. On the basis of region, it is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America
Expandable Microspheres Market Analysis by End user
By end user, automotive holds the largest share in the segment and is expected to grow prodigiously. Automotive industry holds more than 35% of the global market share. It is due to growing demand for lightweight materials used in automobiles for good fuel efficiency. The high demand for lightweight automobiles due to stringent regulations for environment protection by the
European Union Legislation and US Environment Protection Agency is fueling the demand for expandable microspheres in automobile production. This has been attributed to the lightweight properties that enhance the fuel efficiency of the vehicle and reduce the emission of CO2.
Global Expandable Microspheres Market By End-User
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Expandable Microspheres Market Regional Insights
Asia-pacific region holds the largest share across the globe of about 38% of the total market share. It is due to the rise in industrialization and urbanization. Due to high investment in infrastructure advancement there is an increasing demand of construction activity, and industrial activity in the region. Some of the major countries include China, India and Japan.
North America will witness a significant growth during the forecasted year. The implementation of US EPA regulations to curb fuel emissions which increases the demand for lightweight automobiles. Due to regulation the usage of expandable microspheres is increasing which boost the market growth. According to a report there is a 4% increase in light-weight vehicles in the USA in 2022.
Europe is expected to grow at a constant rate. It is due to the presence of a large number of automotive manufacturers in the region. Major countries of the region include Germany and Russia.
Global Expandable Microspheres Market By Region
- Largest
- Fastest
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Expandable Microspheres Market Dynamics
Expandable Microspheres Market Drivers
Increasing Demand in Medical Field to Bolster Market Growth
- Expandable microspheres are nowadays widely used in the medical field as it helps pharmacists to formulate the product with maximum therapeutic value and minimum or negligible range side effects. There is a growing research and development in the field of cancer medicine. The rise of cancer in various parts of the world is driving the market growth. According to a report published by the International Agency for Research on Cancer the number of cancer patients will increase at a higher rate. Countries present in the Africa region will be affected the most.
Expandable Microspheres Market Restraints
Higher Cost of Production to Hinder Market Growth
- As the research and development cost for making microspheres is very high the product becomes costlier. For finding new products, a large number of qualified people and advanced technology is required. The manufacturing of microspheres involves extensive techniques for creating consistent characteristics and sizes.
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Expandable Microspheres Market Competitive Landscape
Global expandable microsphere market is highly competitive and is fragmented. Major key manufacturers include- DiaSorin, AkzoNobel, Bublon GmbH, Chase Corp. Larger companies are acquiring smaller companies to increase their market share and have an edge over the other companies. DiaSorin acquired luminex to expand their business operation. Other companies are applying organic growth strategies such as new product launches, etc. to acquire a large market share.
Expandable Microspheres Market Top Company Profiles
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AkzoNobel NV
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Trelleborg AB
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Sekisui Plastics Co., Ltd.
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EKOSEP Ltd.
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Qingdao Eastchem Inc.
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SINOPEC Beijing Yanshan Company
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Laiwu Hehui Expanded Perlite Co., Ltd.
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Sunjin Chemical Co., Ltd.
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Shanghai Juyou Chemical Engineering Co., Ltd.
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Anhui Herrman Impex Co., Ltd.
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Shanghai Jinshan Jingwei Chemical Co., Ltd.
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Hubei Pingan Polymer Materials Co., Ltd.
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Shanghai Zhonghui Chemical Co., Ltd.
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Shandong Yuhuang Chemical Co., Ltd.
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Hexion Inc.
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Wuxi Xingda New Foam Plastics Materials Co., Ltd.
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Ganzhou Lanshang Microsphere Co., Ltd
Expandable Microspheres Market Recent Developments
- In June 2022, Nouryon launched expancelHP92 microspheres. It reduces weight and can withstand high pressure in underbody coatings and sealants for the automotive industry.
- In February 2022, Sirtex Medical, teamed up with its major shareholder, Grand Pharmaceutical Group Limited, and confirmed the approval of SIR-Spheres Y-90 resin microspheres by the National Medical Products Administration for treating patients affected by colorectal cancer liver metastases. SIR-Spheres Y-90 resin microspheres are the first and the only radioactive microsphere item that has received the approval from the NMPA achieved outside of China.
- in April 2021, Terumo Europe NV launched the BioPearl microspheres (the first biodegradable drug eluting microspheres) which has received the CE mark, indicating that it is an option for loco-regional embolization of target artery blood supply for liver cancer.
Expandable Microspheres Key Market Trends
- Microspheres are used as challenge particles and tracers in medical devices of different colors. Colored microspheres are used in the testing of vial and container cleaning evaluations, filtration media and systems, centrifugation and sedimentation processes, flow tracing and fluid mechanics, controlling contamination, and manufacturing of pharmaceuticals. Microspheres are nowadays widely used in medical diagnostics as reagents for these devices and tissue fillers. The use of fluorescent colored microspheres used in applications that use UV light.
Expandable Microspheres Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the increase in production and sale of automobiles is driving the growth of the market in the Asia-Pacific region. Increasing construction activities due to urbanization and industrialization also boosts the demand for an expandable microsphere. The market players from the expandable microspheres market are expecting a lucrative growth in the future with the rising demand for expandable microspheres in the global market for various purposes. However, manufacturing an expandable microsphere is highly capital intensive which can hamper the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6150.92 billion |
| Market size value in 2031 | USD 12201 billion |
| Growth Rate | 9.12% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Expandable Microspheres Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Expandable Microspheres Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Expandable Microspheres Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Expandable Microspheres Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Expandable Microspheres Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Expandable Microspheres Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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