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 2024-2031

Q: What is the global market size of Expandable Microspheres Market?

Global Expandable Microspheres Market size was valued at USD 6150.92 billion in 2021 and is poised to grow from USD 6711.88 billion in 2022 to USD 12201 billion by 2030, growing at a CAGR of 9.12% in the forecast period (2023-2030).

Q: Who are the key vendors in the Global Expandable Microspheres Market?

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. 'Nanjing Chemical Material Corp.', 'Matsumoto Yushi-Seiyaku Co.', ' AkzoNobel NV ', ' Trelleborg AB ', ' Sekisui Plastics Co., Ltd. ', ' Kureha Corporation ', ' EKOSEP Ltd. ', ' Qingdao Eastchem Inc. ', ' SINOPEC Beijing Yanshan Company ', ' Laiwu Hehui Expanded Perlite Co., Ltd. ', ' Sunjin Chemical Co., Ltd. ', ' Shanghai Juyou Chemical Engineering Co., Ltd. ', ' Anhui Herrman Impex Co., Ltd. ', ' Shanghai Jinshan Jingwei Chemical Co., Ltd. ', ' Hubei Pingan Polymer Materials Co., Ltd. ', ' Shanghai Zhonghui Chemical Co., Ltd. ', ' Shandong Yuhuang Chemical Co., Ltd. ', ' Hexion Inc. ', ' Wuxi Xingda New Foam Plastics Materials Co., Ltd. ', ' Ganzhou Lanshang Microsphere Co., Ltd '

Report ID: SQMIG15B2045 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 76

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.

Expandable Microspheres Market Report Snapshots

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Expandable Microspheres Market size was valued at USD 6150.92 billion in 2019 and is poised to grow from USD 6711.88 billion in 2023 to USD 12201 billion by 2031, growing at a CAGR of 9.12% in the forecast period (2024-2031).

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. 'Nanjing Chemical Material Corp.', 'Matsumoto Yushi-Seiyaku Co.', ' AkzoNobel NV ', ' Trelleborg AB ', ' Sekisui Plastics Co., Ltd. ', ' Kureha Corporation ', ' EKOSEP Ltd. ', ' Qingdao Eastchem Inc. ', ' SINOPEC Beijing Yanshan Company ', ' Laiwu Hehui Expanded Perlite Co., Ltd. ', ' Sunjin Chemical Co., Ltd. ', ' Shanghai Juyou Chemical Engineering Co., Ltd. ', ' Anhui Herrman Impex Co., Ltd. ', ' Shanghai Jinshan Jingwei Chemical Co., Ltd. ', ' Hubei Pingan Polymer Materials Co., Ltd. ', ' Shanghai Zhonghui Chemical Co., Ltd. ', ' Shandong Yuhuang Chemical Co., Ltd. ', ' Hexion Inc. ', ' Wuxi Xingda New Foam Plastics Materials Co., Ltd. ', ' Ganzhou Lanshang Microsphere Co., Ltd '

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.

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.

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.

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Expandable Microspheres Market Dynamics

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