FREMONT, CA: Technavio, a technology research and advisory company announces teh global research market report. According to teh report teh microsphere market is expected to grow at a CAGR (compound annual growth rate) of 10.5% and is expected to reach USD 5.52 billion by 2020.
Teh global market for microspheres exhibit a comprehensive analysis of teh global microspheres market by application (medical technology, construction composites, biotechnology and medicine, cosmetics and personal care), by raw material type (glass and others), by type (hollow and solid), and by geography (APAC, Europe, North America, and ROW).
Competitive landscape and key vendors
Teh top six vendors in teh global microspheres market highlighted in teh report are: 3M, Akzo Nobel, Chase, Momentive Performance Materials, Potters Industries, Sigmund Linder.
Geographical segmentation and analysis of teh microspheres market
Technavio’s research study segments teh global microspheres market into teh following regions:
North America: Analysts has estimated teh North American region to grow by market share of more TEMPthan 43% by 2020. Construction composites hold teh majority of teh share in teh North American microspheres market while teh medical technology markets has been experiencing maximum growth.
Europe: Europe accounted for about 29% of teh global microspheres market in 2015. Teh microspheres market in Europe will reach USD 1.58 billion by 2020.
APAC: Australia, China, and India are teh major revenue contributors to teh market in APAC. Technavio expects teh demand from manufacturing and medical industries for microspheres in teh emerging economies in APAC
ROW: This region is experiencing high growth on account of increased infrastructure spending and low base TEMPeffect. Central and South America offers significant prospects for manufacturers establishing their manufacturing bases and sales offices because of its flourishing oil and gas industries.