The Hollow Microspheres Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Market Insights

Hollow microspheres are low-density, lightweight fillers that add volume without significantly adding weight. Weight reduction, viscosity reduction, cost-saving through lower resin consumption, enhanced mold flow, and improved resistance are the key benefits offered by these microspheres. The hollow microsphere includes various lightweight fillers: hollow glass microspheres, foam glass granulates, cenosphere, perlite microspheres, and expanded polymer microspheres; with density ranging from 0.1 to 0.63 g/cc in general. These microspheres are widely used for a variety of applications with each of them suitable for the application. For instance, hollow glass microspheres and expanded polymer microspheres are widely used in paints coatings and plastics rubber applications, whereas foam glass granulates, cenosphere, and perlite microspheres are more used in construction material applications.

Hollow microspheres have witnessed a remarkable journey with their increasing adoption into different end-use industries to leverage weight reduction benefits. Owing to their usage in various end-use industries, hollow microspheres dominated the overall microsphere market in 2020. Key market stakeholders of the industry have heavily been investing in RDs in order to develop advanced products that better address the market challenges. The major players in the market are serving only one or two types of microspheres.

Currently, assessing the real impact of the pandemic on the market in the short and long term is challenging as the pandemic is still spreading, taking the economies in its grip. It is difficult to state when the impact of the pandemic starts to fade away. Based on the study of market recoveries in previous downturns (The Great Recession, SARS, etc.) coupled with primary interviews across the supply chain, Stratview estimates suggest that the market for hollow microspheres is likely to rebound from 2021 onwards, followed by maintaining sequential growth till 2026, ultimately reaching a landmark figure of US$ 4.1 billion by 2026.

Some key takeaways from this report –

The report offers key drivers that trigger the growth in the Hollow Microspheres Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The research offers segment wise analysis of the Hollow Microspheres Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Based on the material type, the market is segmented as hollow glass microsphere, foam glass granulates, cenosphere, perlite microsphere, and expanded polymer microsphere. The hollow glass microsphere is likely to remain the most preferred microsphere type in the market in the coming years. Hollow glass microspheres are increasingly finding usage in plastics rubber applications such as SMCs, injection-molded parts, packaging films, and wood composites. Similarly in paints coatings, such as acrylic and industrial latex paints, solar reflective coatings, and epoxy coatings; in construction materials, such as engineered wood, kitchen sinks, putties, caulks and sealants, washbasins and bathtubs, wall, sealing, gaps, cracks, interior and exterior use on walls, lightweight cement slurries and other applications such as agriculture, buoyancy modules, and risers, deep-sea pipe and flowline insulation.

Based on the application type, the market is classified as plastics rubber, paint coatings, construction materials, and others. Plastics rubber is likely to remain the most dominant application segment, in terms of value, in the hollow microspheres market during the forecast period. Plastics are replacing metals for years to reduce greenhouse gas emissions and improve fuel efficiency. Now research is focused on low-density plastics that are further lighter in weight without compromising performance. Contrary to the traditional fillers (talc, calcium carbonate, and clay with a specific density of 2.5 to 2.8 g/cm3), hollow microspheres with a specific density of less than 0.6 g/cm3 help in 10-30% plastic parts’ weight reduction. Hollow microspheres also improve productivity by reducing energy consumption, cost, and cycle time (by 25%). .

Key Players

The following are the key players in the Hollow Microspheres Market- 

• Chase Corporation
• Dennert Poraver GmbH
• Kureha Corporation
• Matsumoto Yushi-Seiyaku Co., Ltd.
• Nouryon, Omya AG
• PQ Corporation
• Sekisui Chemical Co., Ltd.
• Sinosteel Maanshan New Material Technology Co., Ltd
• The 3M Company.

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