Microspheres market information, information by material (synthetic polymers, natural polymers), by type (biosynthetic microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, polymer microspheres), by application (drug carrier, waste drug delivery, tissue regeneration) – forecast to 2027
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Microspheres are characteristically free flowing powders with a particle size of less than 200 μm. The microspheres used are polymers that are generally classified into two material types, one of which is a natural polymer and the other a synthetic polymer. These microspheres are used in various industries such as the pharmaceutical industry, the construction industry, the cosmetic industry, the oil and gas industry, and the automobile industry.
Segments :
The global microspheres market has been segmented on the basis of materials including synthetic polymers and natural polymers. On the basis of type, the market is segmented into biological microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres. Also, on the basis of application, the market is segmented into drug carriers, pulmonary drug delivery, tissue regeneration, etc.
Global Microsphere Market – Regional Analysis
Globally, North America holds the largest share of over 44% of the global microsphere market and is expected to remain the leading market in 2016-2022. This large share is mainly due to technological advances in the medical sciences sector in the region, the rapidly growing pharmaceutical industry, the increasing need for new formulations for drug discovery, and some of the key factors driving the growth of this market.
Worldwide, Europe holds the second largest share of the global microsphere market, accounting for approximately 31%. The European market is expected to reach $2.44 billion by the end of the forecast period from 2016 to 2022. Asia Pacific region is expected to observe the highest growth rate in the near future owing to the growth of the healthcare and life sciences industry, increasing adoption of microspheres in developing countries, the main drivers affecting the fast growing market in this region no see. In addition, key players are seizing the opportunity by expanding their operations in the region to expand the growth of this market over the forecast period 2016-2022.
Main players :
- 3M (United States of America)
- Porters Industries LLC (USA)
- Akzo Nobel NV (Netherlands)
- Instantaneous Performance Materials (USA)
- Chase Corporation (USA)
- Seiyaku Yushi Matsumoto (Japan)
- Mother-fancy (USA)
- Trelleborg AB (Sweden)
- Luminex (USA)
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