Expandable Microspheres Market 2019 Global Analysis, Opportunities, Industry Size, Share Leaders, Growth Factors by Major Key vendors and Trends by Forecast to 2024

04/set/2019 08:37:06 Tejas Amale Contatta l'autore

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Market Overview

The global expandable microspheres market is expected The growth of the global market is primarily driven two by the extensive use of the product in light-weighting of automobiles. The adoption of lightweight materials in auto production to enhance fuel efficiency. In addition, its use in the construction industry for thermal insulation is another factor driving the growth of the global market.

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Competitive Analysis

Nanjing Chemical Material Corp. (China), Mark Impex (India), Matsumoto Yushi-Seiyaku Co., Ltd (Japan), Nouryon (Netherlands) , Dennert Poraver GmbH (Germany), Chase Corporation (US), Nanosphere (China), SEKISUI CHEMICAL CO., LTD. (Japan), and Shanghai Joysun Chemical Co., Ltd (China).

Market Segmentation

The global expandable microspheres market has been segmented based on type, end-use industry, and region.

By type, the global market is divided into wet and dry. The wet type is supplied with 90% water content, which offers the advantage of dust-free working environment and easy handling of the plastic microsphere. However, the dry form is ultra-light and highly fluid.

The global market has been segmented into automotive, construction, sports and leisure, consumer goods, and others. The automotive end-use industry is projected to dominate the global market on the account of high production and sale of lightweight automobiles across the globe. This is the guideline for the reduction of vehicular emission for environment protection. Moreover, the rapid growth of the construction industry is the growth of the global market.

Regional Analysis

The Global Expandable Microspheres Market , by region, has been segmented into five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest market share in 2018 owing to the high demand for the product in construction, automotive, and consumer goods industries. The rapid industrialization and urbanization in countries such as India, Vietnam, Thailand, and Malaysia have increased construction activities, which is expected to fuel demand for expandable microspheres in the region.

The North American and European markets are expected to witness healthy growth two to increasing investments in infrastructural development and high production and sale of automobile components in the region.

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