Polymethyl Methacrylate (PMMA) Microspheres Market | Covid-19 Impact Analysis

Polymethyl Methacrylate (PMMA) Microspheres Market Insights

Polymethyl Methacrylate (PMMA) Microspheres market is likely to witness an impressive CAGR of 7.6% during the forecast period. The major factor that is contributing to the demand for polymethyl methacrylate (PMMA) microspheres is the surge in demand for premium architectural coatings. PMMA microspheres are used in architectural coatings owing to their inherent property of imparting matt finish. In addition, increasing infrastructural investments are expected to drive the architectural coatings market, which is likely to boost the demand for PMMA microspheres during the forecast period.

Market Share Analysis

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Polymethyl Methacrylate (PMMA) Microspheres Market Share: By Application Type

Based on the application type, the market is segmented as medical, cosmetics, displays, paints & coatings, films, 3D printing inks, and others. The displays segment captured the largest share of the market in 2019, and is expected to remain dominant during the forecast period. On the other hand, the market for medical and coating applications is estimated to register the fastest growth during the forecast period, owing to large utilization of PMMA microspheres as fillers in cosmetic surgeries and bulking agents for tissues to provide for lost volume due to disease, injury, or aging.

Polymethyl Methacrylate (PMMA) Microspheres Market Share: By Size Type

Based on the size type, the PMMA microspheres market is segmented as “0-30 microns” and “Above 30 microns”. The “Above 30 microns” segment is estimated to witness a higher growth during the forecast period. The growth of the segment is owing to its rising demand from medical applications as PMMA microspheres of size greater than 30 microns possess qualities of biocompatibility, reliability, relative ease of manipulation, and low toxicity, which lead to their increased usage in various different medical specialties.

PMMA Microspheres Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for PMMA microspheres during the forecast period, with China, Japan, Taiwan, and South Korea being the major countries with lucrative growth opportunities. Growth in electronics industry with increased production of LED flat panels and LED TVs, majorly in Taiwan, South Korea, and China, has given a boost to the demand for PMMA microspheres in the recent years, a trend which is expected to continue over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Some of the major players in the PMMA microspheres market are-

• Microbeads as
• Kolon Industries
• Cospheric LLC
• Eprui Nanoparticles & Microspheres Co. Ltd.
• Sunjin Chemical Co., Ltd.
• Sekisui Plastics
• Imperial Microspheres
• Magsphere, Inc.
• Phosphorex, Inc.

Market Scope & Segmentation

PMMA stands for polymethyl methacrylate. It is an amorphous, transparent and colorless thermoplastic that is hard and stiff. It offers good abrasion and UV resistance and possesses excellent optical clarity. Good biocompatibility of PMMA microspheres allows the particles to be used in many medical and biochemical applications.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The PMMA microspheres market is segmented into the following categories. 

PMMA Microspheres Market Size, Share, & Forecast, by Application Type:

• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Displays (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 3D Printing Inks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PMMA Microspheres Market Size, Share, & Forecast, by Size Type:

• “0-30 Microns” (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• “Above 30 microns” (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PMMA Microspheres Market Size, Share, & Forecast, by Region:

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

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the size types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].