Microspheres Market: By Raw Materials, By Type, By Application, and Geography

Microspheres Market Size, Share, Growth, Trends, and Global Industry Analysis: By Raw Materials (Glass, Polymer, Ceramic, Fly Ash, Metallic, and Other Raw Materials), By Type (Hollow, Solid), By Application (Automotive, Aerospace, Cosmetics and personal care, Oil and Gas, Paints and Coatings, Medical Technology, Composites, and Other Applications), and Region

Microspheres Market size was valued at US$ 6,938.7 million in 2023 and is poised to grow at a CAGR of 5.9% over 2024 - 2030. The microspheres market is a dynamic and rapidly growing sector within the realm of advanced materials and technology. Microspheres, also known as microbeads or micro particles, are engineered materials with tailored properties such as size, density, composition, and surface functionality. They can be made from a variety of materials, including polymers, glass, ceramics, metals, and natural materials. The customization of these properties allows microspheres to serve specific functions in various applications, including fillers, additives, extenders, and delivery systems. Increasing application in the medicine and healthcare sector has primarily driven the microspheres market.

Microspheres have become popular in medical diagnostics due to their use as reagents in diagnostic devices, injectable biomaterials, tissue fillers, and drug delivery vehicles. They are also used as tracers and challenge particles. Clinical fields such as cosmetic surgery, reconstructive surgery, and urology significantly drive the demand for polymer microspheres. Moreover, the growth of the composite industry serves as a compelling driver for the microspheres market. Composites, known for their exceptional strength-to-weight ratios, are pivotal in sectors like aerospace, automotive, and sports equipment. Microspheres, acting as fillers, additives, or reinforcement agents, amplify composite materials' performance. They bolster lightweighting efforts by reducing material density and simultaneously enhance mechanical attributes, including stiffness and impact resistance.

However, the production of specialized microspheres with tailored properties can be complex and costly, which limits their adoption, especially in industries with price-sensitive markets. Meanwhile, there is a growing trend towards the development of customized microspheres to cater to specific applications, which further creates potential opportunities for market growth. Key market players are continuously conducting research to develop innovative solutions to fulfil the demands of the various end-use industries. For instance, in June 2022, Nouryon introduced Expancel HP92 microspheres for underbody coatings and sealants in the automotive industry, designed to decrease weight and withstand high pressure.

Microspheres Market Key Developments:

  • In June 2023, Luye Pharma's innovative formulation, Goserelin Microspheres for Injection (Baituowei), was approved by China’s National Medical Products Administration (NMPA), for the treatment of prostate cancer in patients who need to be treated with an androgen deprivation therapy (ADT).
  • In March 2021, Boston Scientific Corporation received U.S. Food and Drug Administration (FDA) approval of the TheraSphere™ Y-90 Glass Microspheres, developed for the treatment of patients with hepatocellular carcinoma (HCC).

Microspheres Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Microspheres Market Dynamics

The microspheres market is significantly driven by the paints and coatings industry, where microspheres contribute to lower weight, improved durability, scratch resistance, and impact resistance of coatings, prolonging the lifespan of painted surfaces. In addition, microspheres are used to increase the solid content of a coating while maintaining the proper application and flow characteristics. Higher solids can reduce volatile organic compounds (VOCs), shrinkage, and drying time. As paint and coatings manufacturers seek differentiation and performance enhancement, the demand for microspheres continues to grow. Moreover, the growth of the oil and gas industry also significantly impacts the microspheres market’ expansion. In the oil and gas industry, hollow glass microspheres are added to drilling fluids to reduce their density. They are inert, thermally stable, and strong, making them suitable for use with both water and oil.

Microspheres Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 6,938.7 million

Market CAGR

5.9%

By Raw Materials

  • Glass
  • Polymer
  • Ceramic
  • Fly Ash
  • Metallic
  • Other Raw Materials

By Type

  • Hollow
  • Solid

By Application

  • Automotive
  • Aerospace
  • Cosmetics and personal care
  • Oil and Gas
  • Paints and Coatings
  • Medical Technology
  • Composites
  • Other Applications

Key Features of the Report

  • The microspheres market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The global automated hematology analyser market size was valued at US$ 467.3 million in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030

Rising medical technologies globally and rising investment in research and development are some of the factors that create potential opportunities for the growth of the microspheres market.

The development of customized microsphere and microspehere-based drug delivery system are some of the major trends in the microspheres market.

3M, Nouryon, Trelleborg AB, Bangs Laboratories Inc., Chase Corporation, Cospheric LLC, Luminex Corporation, Matsumoto Yushi-Seiyaku Co. Ltd, Merit Medical System, Mo-Sci Corporation, Momentive, Sirtex Medical, Trelleborg Applied Technologies, Potters Industries LLC, AzkoNobel N.V., Kureha Corporation are a few companies operating in microspheres market.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Microspheres Market Introduction 
2.1.Global Microspheres Market  - Taxonomy
2.2.Global Microspheres Market  - Definitions
2.2.1.Type 
2.2.2.Application
2.2.3.Raw Materials
2.2.4.Region
3.Global Microspheres Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Microspheres Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Microspheres Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Hollow
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Solid
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Microspheres Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Automotive
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Aerospace
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Cosmetics and personal care
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Oil and Gas
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Paints and Coatings
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Medical Technology
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Composites
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Other Applications
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
7.Global Microspheres Market  By Raw Materials, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Glass
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Polymer
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ceramic
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Fly Ash
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Metallic
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Other Raw Materials
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Microspheres Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Microspheres Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Hollow
9.1.2.Solid
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Automotive
9.2.2.Aerospace
9.2.3.Cosmetics and personal care
9.2.4.Oil and Gas
9.2.5.Paints and Coatings
9.2.6.Medical Technology
9.2.7.Composites
9.2.8.Other Applications
9.3.  Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Glass
9.3.2.Polymer
9.3.3.Ceramic
9.3.4.Fly Ash
9.3.5.Metallic
9.3.6.Other Raw Materials
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Microspheres Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hollow
10.1.2.Solid
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Automotive
10.2.2.Aerospace
10.2.3.Cosmetics and personal care
10.2.4.Oil and Gas
10.2.5.Paints and Coatings
10.2.6.Medical Technology
10.2.7.Composites
10.2.8.Other Applications
10.3.  Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Glass
10.3.2.Polymer
10.3.3.Ceramic
10.3.4.Fly Ash
10.3.5.Metallic
10.3.6.Other Raw Materials
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Microspheres Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hollow
11.1.2.Solid
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Automotive
11.2.2.Aerospace
11.2.3.Cosmetics and personal care
11.2.4.Oil and Gas
11.2.5.Paints and Coatings
11.2.6.Medical Technology
11.2.7.Composites
11.2.8.Other Applications
11.3.  Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Glass
11.3.2.Polymer
11.3.3.Ceramic
11.3.4.Fly Ash
11.3.5.Metallic
11.3.6.Other Raw Materials
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Microspheres Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hollow
12.1.2.Solid
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Automotive
12.2.2.Aerospace
12.2.3.Cosmetics and personal care
12.2.4.Oil and Gas
12.2.5.Paints and Coatings
12.2.6.Medical Technology
12.2.7.Composites
12.2.8.Other Applications
12.3.  Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Glass
12.3.2.Polymer
12.3.3.Ceramic
12.3.4.Fly Ash
12.3.5.Metallic
12.3.6.Other Raw Materials
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Microspheres Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Hollow
13.1.2.Solid
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Automotive
13.2.2.Aerospace
13.2.3.Cosmetics and personal care
13.2.4.Oil and Gas
13.2.5.Paints and Coatings
13.2.6.Medical Technology
13.2.7.Composites
13.2.8.Other Applications
13.3.  Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Glass
13.3.2.Polymer
13.3.3.Ceramic
13.3.4.Fly Ash
13.3.5.Metallic
13.3.6.Other Raw Materials
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.3M
14.2.2.Nouryon
14.2.3.Trelleborg AB
14.2.4.Bangs Laboratories Inc.
14.2.5.Chase Corporation
14.2.6.Cospheric LLC
14.2.7.Luminex Corporation
14.2.8.Matsumoto Yushi-Seiyaku Co. Ltd
14.2.9.Merit Medical System
14.2.10.Mo-Sci Corporation
14.2.11.Momentive
14.2.12.Sirtex Medical
14.2.13.Trelleborg Applied Technologies
14.2.14.Potters Industries LLC
14.2.15.AzkoNobel N.V.
14.2.16.Kureha Corporation
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • 3M
  • Nouryon
  • Trelleborg AB
  • Bangs Laboratories Inc.
  • Chase Corporation
  • Cospheric LLC
  • Luminex Corporation
  • Matsumoto Yushi-Seiyaku Co. Ltd
  • Merit Medical System
  • Mo-Sci Corporation
  • Momentive
  • Sirtex Medical
  • Trelleborg Applied Technologies
  • Potters Industries LLC
  • AzkoNobel N.V.
  • Kureha Corporation

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