The global microspheres market reached a value of US$ 5.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.56 Billion by 2027, exhibiting a CAGR of 10.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Microspheres refer to solid sphere-shaped particles available in sizes ranging from 1 to 1000 ?m. They are usually made using glass, ceramic, fly ash, metal and polymers and have controlled opacity, particle size distribution, gravity and electrostatic charge. In the medical sector, microspheres are used for drug administration and embolization, along with testing and development of medical equipment. They are lightweight, have portability and high compression abilities owing to which, they are used in the production of elastics, plastics, steel, automobiles, beauty care and personal care products. They are also used for developing low thickness boring liquid and concrete slurry for oil and gas extraction activities. In addition, they find extensive applications across aviation, aerospace, defense and construction sectors.

The thriving pharmaceutical and medical industries, along with the growing need for advanced drug delivery systems, is the key factor driving the growth of the market. Furthermore, microspheres are gaining traction for bone tissue engineering and radioembolization to treat liver cancer, along with the development of biopharmaceuticals. In the oil and gas industry, they are used for torque control in drilling fluids and mud lubricity in drilling machines. There is also an increase in the demand for paints and powder coatings that utilize microspheres for their high strength, low viscosity, gloss control and radiation curable properties. Moreover, factors including growing spending capacity of consumers, increasing research and development (R&D) in life sciences and biotechnology and the growing prevalence of lifestyle diseases are also favoring the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microspheres market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, raw material and application.

Breakup by Type:

Hollow
Solid

Breakup by Raw Material:

Glass
Ceramic
Fly Ash
Polymer
Metal
Others

Breakup by Application:

Construction Composites
Medical Technology
Life Science & Biotechnology
Paints & Coatings
Cosmetics & Personal Care
Oil & Gas
Automotive
Aerospace
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 3M, AkzoNobel, Nouryon, Matsumoto Yushi-Seiyaku Company, Chase Corporation, Trelleborg, Momentive Performance Materials, Potters Industries, Luminex Corporation, Merit Medical Systems, Bangs Laboratories, Cospheric, Asia Pacific Microspheres, Mo-Sci Corporation, Sigmund Lindner and SIR-Spheres, etc. Key Questions Answered in this Report
1. What was the global microspheres market size in 2021?
2. What will be the global microspheres market outlook during the forecast period (2022-2027)?
3. What are the global microspheres market drivers?
4. What are the major trends in the global microspheres market?
5. What is the impact of COVID-19 on the global microspheres market?
6. What is the global microspheres market breakup by type?
7. What is the global microspheres market breakup by raw material?
8. What is the global microspheres market breakup by application?
9. What are the major regions in the global microspheres market?