Stratview Research has recently published a report on Polymer Microspheres Market segmented by Size, Share, Trend, Forecast, & Industry Analysis: 2020-2025. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Polymer Microspheres’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Polymer Microspheres market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the microsphere type, the polymer microspheres market is segmented as expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere is likely to remain the most dominant microsphere type in the market during the forecast period. Expanded polymer microspheres have lower emissivity spectrum than commercial paints (λ = 0.35 – 4 µm vs λ = 4 – 40 µm), which means that absorbent of less solar radiation than the commercial paints, resulting in better performance during the daylight.
Based on the application type, the market is classified as life sciences & pharmaceutical, paints & coatings, plastics & rubber, construction materials, and others. Similar to other microspheres, polymer microspheres are used in a multitude of applications addressing different purposes. The life sciences & pharmaceutical segment is estimated to remain the most dominant application type in terms of value, in the polymer microspheres market during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest market for Polymer Microspheres during the forecast period, with China, Japan, and India being the countries with lucrative growth opportunities. The growth of the market is mainly driven by the rising construction and industrial sectors in the major economies of the region. Increasing demand for automobiles in the region and the implementation of stringent government regulations are expected to further drive the region’s retro reflective materials market over the forecast period.
Polymer microspheres are small spherical plastic particles mainly made up of polyethylene (PE), polypropylene (PP), polystyrene (PS), polymethyl methacrylate (PMMA), or other polymers, range in size from 1-1,000 micrometers. There are two types of polymer microspheres: expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere can expand up to 5 times its original diameter with 50-120 times increase in volume. Expanded polymer microspheres consist of a polymer shell encapsulating a gas; when heated, the internal pressure from the gas increases and the thermoplastic shell softens, resulting in a dramatic increase in the volume of the microspheres.
Despite short-term demand fiasco caused by production halts, supply-chain disruptions, etc., the long-term growth prospects still seem favorable for the market participants. It is estimated the market will mark a healthy rebound from 2021 onwards then maintaining sequential growth till the forecast period, assisting the market to cross the landmark figure of US$ 1.6 billion by 2025.
Key Players in the Polymer Microspheres Market
The following are the key players in the Polymer Microspheres market.Chase Corporation Dongjin Semichem Co., Ltd. Kureha Corporation Luminex Corporation Matsumoto Yushi-Seiyaku Co., Ltd. Merck KGaA Nouryon Polysciences, Inc. PolyMicrospheres, Inc. Sekisui Chemical Co., Ltd.
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