• Blog
  • Polymer Microspheres Market Report

    Polymer Microspheres Market Report

    Polymer Microspheres Market Report
    Report code - SRAM319 Published On : Aug,2020 No. of Pages: 232
    Get Free Sample |
    Play Audio
    Listen
    Polymer Microspheres Market Size, Share, Trend, Forecast, & Industry Analysis: 2020-20 See more...

    Impact of COVID-19 on Polymer Microspheres Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Polymer Microspheres Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Polymer microspheres are small spherical plastic particles mainly made up of polyethylene (PE), polypropylene (PP), polystyrene (PS), polymethyl methacrylate (PMMA), or other polymers, range in size from 1-1,000 micrometers. There are two types of polymer microspheres: expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere can expand up to 5 times its original diameter with 50-120 times increase in volume. Expanded polymer microspheres consist of a polymer shell encapsulating a gas; when heated, the internal pressure from the gas increases and the thermoplastic shell softens, resulting in a dramatic increase in the volume of the microspheres.

    Over the past few eons, biodegradable polymer microspheres are gradually becoming the center of attraction because of their increased popularity of controlled drug delivery. Their small particle size makes them ideally suited for medical treatments in which the particle size is of critical importance. Further, these microspheres improve the bioavailability of conventional drugs, minimize the side effects, and enhance the solubility of the poorly soluble drug.

    Polymer microspheres are also mixed with resins to add a variety of desirable characteristics and features to the material, such as reduced weight, enhanced flexibility, thermal insulation, dimensional stability, and solar reflectivity. Their compressible nature is a unique feature suitable for elastomeric products. When used in elastomeric roof coatings, they can lower the external surface temperature of a building as much as 15°C and can save up to 70% of residential energy consumption.

    Impact of COVID-19 on the Polymer Microspheres Market

    The year 2020 is estimated to be extremely challenging for all the advanced materials including microsphere family. Polymer microsphere, a diminutive subset, is also witnessing a huge plunge in its demand in several major end-use industries including paints & coatings, plastics & rubber, and construction materials. The huge decline in the demand for polymer microspheres is partially offset by few good-performing applications, especially life sciences & pharmaceuticals.

    Despite short-term demand fiasco caused by production halts, supply-chain disruptions, etc., the long-term growth prospects still seem favorable for the market participants. It is estimated the market will mark a healthy rebound from 2021 onwards then maintaining sequential growth till the forecast period, assisting the market to cross the landmark figure of US$ 1.6 billion by 2025.

    Segments' Analysis

    Polymer-Microspheres-Market-Dominant-Segments

    Wish to get a free sample? Register Here

    Polymer Microspheres Market by Microsphere Type

    Based on the microsphere type, the polymer microspheres market is segmented as expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere is likely to remain the most dominant microsphere type in the market during the forecast period. Expanded polymer microspheres have lower emissivity spectrum than commercial paints (λ = 0.35 – 4 µm vs λ = 4 – 40 µm), which means that absorbent of less solar radiation than the commercial paints, resulting in better performance during the daylight.

    Further, expanded polymer microspheres can expand without any discoloration and outgassing issues of chemical foaming agents, or breakage which is common with hollow glass microspheres. Also, by adding as little as 2%-3% by weight, it can reduce the product’s weight by as much as 50%.  They can easily mix and achieve density reduction levels between 10%-30% in injection molding.

    Polymer Microspheres Market by Application Type

    Based on the application type, the market is classified as life sciences & pharmaceutical, paints & coatings, plastics & rubber, construction materials, and others. Similar to other microspheres, polymer microspheres are used in a multitude of applications addressing different purposes. The life sciences & pharmaceutical segment is estimated to remain the most dominant application type in terms of value, in the polymer microspheres market during the forecast period.

    Life sciences & pharmaceutical is the least-impacted application type by the COVID-19 pandemic. In biological research, polymer microspheres can be used as size standards for absorbing macromolecules. Also, in life sciences & pharmaceutical, polymer microspheres improve the solvency of the ineffectively dissolvable drug and decrease the occurrence or intensity of adverse effects and reactivity of the core according to the outside condition.

    Paint & coatings to be the fastest-growing application in the years to come. Key trends towards high performance, smart functionality, improved productivity, and abrasion- or scratch-resistant smart coatings, have made polymer microspheres a preferred choice in the paint & coatings industry. Polymer microspheres reduce the need for solvents in solvent-based paint, leading to the reduction of VOC emission. Further, expanded polymer microspheres are replacing hollow glass microspheres in paint application, owing to its elasticity property.

    Regional Insights

    The pandemic may not spare any region in the short-term, estimating gigantic collapse in the demand for polymer microspheres across regions, especially in 2020. However, the long-term perspective is still plausibly good with sustainable demand across regions. Europe is estimated to maintain its lead in the global market in the coming five years. Post pandemic, Germany is expected to rebound quickly and will act as the growth engine of the European polymer microspheres market. Polymer microspheres are widely used in Europe as the region is one of the major markets for automotive, plastics & rubber, and building & construction. Also, the European regulatory system for medicines to protect public health ensuring the availability of high quality, safe, and effective medicines for European citizens, would help in healing the dented growth of polymer microspheres market in the region.

    Polymer-Microspheres-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Asia-Pacific, a market that is efficacious in catching the consequential attention of all the market participants, is likely to heal up with the greatest pace in the post-pandemic market scenario. China is estimated to maintain its lead in the region’s market and is also expected to further reinforce its position in the global marketplace. On the other side, India is to emerge as the next big market with significant growth potential with expecting some shift of manufacturing base from China and other regions in the long run.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Size in 2026

    US$ 1.6 billion

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Spain, China, India, Japan, Latin America, the Middle East and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The global polymer microspheres market is segmented into the following categories.

    Polymer Microspheres Market Size, Share & Forecast, By Material Type

    • Expanded Polymer Microspheres
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Paints & Coatings, Construction Materials, and Others)
    • Solid Polymer Microspheres
    • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • (Application Type Analysis: Life Sciences & Pharmaceutical and Others)

    Polymer Microspheres Market Size, Share & Forecast, By Application Type

    • Life Sciences & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paint & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastics & Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Polymer Microspheres Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, India, Japan, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)