Hollow glass microspheres market Statistics 2019-2025: Forecasts By Class, Top Trends & End User
Automotive, building and construction, healthcare, cosmetics and personal care, and aerospace & defense are the key end use segments for the hollow glass microspheres market.
Selbyville, United States – June 28, 2019 /MarketersMedia/ —
Hollow glass microspheres market size is estimated to reach over USD 2.5 billion by 2023 and growing at a CAGR of over 5% from 2016 to 2023. This can be primarily attributed to reusability and recyclability. In addition, increasing demand for efficiency is likely to favor the demand growth over the coming few years.
North America glass microspheres market was valued at over USD 500 million in 2015 and it is likely to attain more than USD 850 million, at a CAGR of 12% from 2016 to 2023. This can be primarily attributed to increasing demand from emerging and current application areas, modernization and development of infrastructure, and superior structural properties.
Request for In-Depth Table of Content of this Report @ https://www.gminsights.com/request-toc/upcoming/256
These microspheres are fabricated with the assistance of soda lime borosilicate glass. The industry is focusing on R&D to develop sophisticated products in order to gain competitive edge. The major advantages offered include light weight, low thermal conductivity, smooth mobility and high compressive strength. The above mentioned factors should drive hollow glass microspheres market demand over the forecast period. The increasing need to operate at bigger depths and also with extended subsea tiebacks is anticipated to spur the expansion of riser insulation and flow line that is stronger, lighter, and provides low heat transfer.
Hollow glass microspheres consists of minute bubbles with walls thicknesses over 1 µm and offers high compressive potency. The diameter ranges between 20 µm to150 µm. The major distinction between low grade and high grade HGMs are their structure. Lower quality HGMs fall short under less predictably and less load as compared to high grade HGMs. Other prime properties include high chemical resistance, radio transparency, low water absorption and low heat conductivity.
The Hollow Glass Microspheres Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Hollow Glass Microspheres Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Hollow Glass Microspheres Market Product Insights
5. Hollow Glass Microspheres Market Application Insights
6. Hollow Glass Microspheres Market Regional Insights
7. Competitor Profiles
Get More Details @ https://www.gminsights.com/industry-analysis/hollow-glass-microspheres-market
Automotive, building and construction, healthcare, cosmetics and personal care, and aerospace & defense are the key end use segments for the hollow glass microspheres market. Building and construction sector hold the dominance in the industry and is expected to grow at 5% over the forecast period. Healthcare sector is anticipated to be the fastest growing end use segment with gains forecast at 6% from 2016 to 2023. The hollow glass microspheres market is suitable in any state which includes high temperature systems, high viscosity systems, extreme processing, low dielectric or loss tangent materials and chemically sensitive systems.
Europe hollow glass microspheres market size is anticipated to observe significant shares owing to rise in investment in the region. The increasing demand from automobiles, manufacturing industries and aerospace is likely to propel the demand growth over the forecast period. Middle East and Africa (MEA) is primarily driven by elevated demand from superior structural properties, modernization and development of infrastructure.
1 Hollow Glass Microspheres Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Hollow Glass Microspheres Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Make Customization in This Report @ https://www.gminsights.com/roc/256
The major participants are continuously trying to update their product portfolio with highly advanced and customized microspheres so as to gain supply contracts which in turn amplifies their shares. Key competitors for holding major global hollow glass microspheres market share includes 3M Company, AkzoNobel, Cospheric, Dennert Poraver, EKO Export, Induchem Holding, Merit Medical Systems, Mo Sci, Momentive Performance Materials , Phosphorex Incorporated, Polysciences, Sigmund Lindner, Sinosteel Maanshan Institute of Mining Research Company, Sunjin Chemical and TRELLEBORG.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/hollow-glass-microspheres-market
Source: MarketersMedia
Release ID: 88890865
Copyright © 1999-2013 SproutNews.com
