Update News: Demand From Major End-Use Industries To Drive The Microspheres Market Growth

  • According to the new market research report “Microspheres Market by Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic, and Others), by Type (Hollow, Solid), by Application (Medical, Paints & Coatings, Building & Construction, Automotive, Aerospace, Cosmetics & Personal Care, Oil and Gas, and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2019 to 2027)”, the global microspheres market is projected to reach a value of over USD 10 billion, registering a CAGR of around 9% during the review period
  • Microspheres are free-flowing powders, having a particle size of 1–1000μm and consist of proteins or synthetic polymers
  • They are extensively used in the drug delivery system to provide controlled drug delivery which improves bioavailability and stability
  • Wide range of raw materials are available for the production of microspheres such as glass, phenolic resin, epoxy resin, polystyrene, silicone rubber, and others
  • However, costs of the microsphere materials and processing of the controlled release preparation, are substantially high
  • Also, the environmental impact of the degradation of the polymer matrix produced in response to heat, hydrolysis, oxidation, solar radiation or biological agents hampers the market growth
  • Expanding end-use industries such as medical, paints & coatings, building & construction, automotive, aerospace, and others is the prime driver of the microspheres market
  • Use of microspheres for targeted drug delivery is a major driving factor
  • It reduces the frequency of the dosages taken by the patient, consequent drug side-effects, and enhances treatment outcomes while reducing overall associated healthcare costs
  • Advantages offered by the use of microspheres in paints & coatings is yet another driver of the global market
  • North America
  • Asia-Pacific
  • 3M:
  • Trelleborg:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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