Global Hollow Glass Microsphere Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Hollow Glass Microsphere Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Hollow Glass Microsphere Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Hollow Glass Microsphere Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Hollow glass microspheres are mostly used as a light weight filler in composite materials which includes syntactic foam and light weight concrete. Hallow glass microsphere are also called as bubbles, microbubbles, or micro balloons. They are usually made out of borosilicate-soda lime glass blend formulation which provides the advantages of low density, high heat and chemical resistance. The walls of glass microspheres are rigid and have thickness of 10% of diameter.
The major factors impacting the growth of market includes superior structural properties, recyclability, reusability, growing demand from current applications. Increasing demand for efficiency and modernization of infrastructure is one of the driving factor for the growth of market. The increase in infrastructure spending is identified as one of the primary growth factors for this market. The factors hampering the growth of the market includes growing prices of raw materials and lack of quality control in developing countries. Emerging economies in Asia-Pacific is the opportunity of the market that strengthens the growth of the market.
On the basis of segmentation, the market is bifurcated into number of segments such as by coating type, by size type, by end-user, and by region. The coating type segment is divided into silver, zinc oxide (ZNO), titania (Tio2), aluminum (AL), nickel-plated, and others. According to the size type the market is fragmented into fine microspheres (1-10um), microspheres (10-1000um). The end-users of the market include aerospace & defense, automotive, healthcare, oil & gas, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global hollow glass microsphere market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: 3M Company, Trelleborg AB, Potters Industries, Mo-Sci Corporation, Sinosteel Maanshan New Material, Cospheric LLC, Dennert Poraver GmbH, Polysciences, CenoStar Corporation, General Motors, Cardinal Health, Inc., and others.
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