Dublin, Feb. 18, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/996mxz/microspheres) has announced the addition of the "Microspheres Market, By Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paints & Coatings, Cosmetics, Oil & Gas, Automotive, Aerospace) & Raw Material (Glass, Ceramic & Others) - Global Trends & Forecasts To 2019" report to their offering.
Rising demand for efficiency and better materials with superior structural properties will drive the global microspheres market to $5.9 billion by 2019. The U.S. leads the world in terms of usage of advanced materials to increase the efficiency and reliability of operations which makes it the biggest market for microspheres. The market here is expected to experience highest revenue growth during the next five years.
The factors driving growth in the global microspheres market are: high demand from current & emerging applications, superior structural properties, recyclable & reusable, development & modernization of infrastructure, and increased demand for efficiency. The factors hindering the growth of this market are the fluctuating cost of raw materials, lack of quality control across developing countries, and huge investment in R&D.
The market is growing slowly in Europe but it will continue to grow at significant rate in the Asia-Pacific region. Asia-Pacific is driven by countries such as China, the fastest growing country in global microspheres market. The microspheres market is still in its infancy in Latin America. But this region is experiencing high growth on account of increased infrastructure spending. On the whole, it is evident that North America and Asia-Pacific are the most lucrative microspheres market.
Most players in this industry are very small and manufacture highly customized products focusing on particular end user industry. U.S-based 3M is the largest player in terms of volume sales. Every company, big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin; thereby increasing overall revenue. The companies involved in microspheres business adopted this strategy by expanding into emerging markets such as Asia-Pacific and South America. Most of the major companies manufacturing microspheres are headquartered in the U.S. and Europe.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Microspheres Market, By Application
8 Microspheres Market, By Type
9 Microspheres Market, By Raw Material
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- 3M Company
- AKZO Nobel Expancel
- Henkel AG & Co. KGAA
- Luminex Corporation
- MO SCI Corporation
- Matsumoto Yushi-Seiyaku Co. Ltd
- Momentive Performance Materials Inc.
- Potters Industries LLC
- Sigmund Linder GMBH
- Trelleborg AB
For more information visit http://www.researchandmarkets.com/research/996mxz/microspheres