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Glass Microspheres Market Report | Covid-19 Impact Analysis
Glass Microspheres Market is Segmented By Material Type (Hollow Glass Microsphere, Foam Glass Granulates, Perlite Microsphere, and Solid Glass Beads), By Application Type (Plastics & Rubber, Paints & Coatings, Construction Materials, Agriculture Materials, Life Sciences & Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Glass Microspheres Market is Segmented By Material Type (Hollow Glass Microsphere, Foam Glass Granulates, Perlite Microsphere, and Solid Glass Beads), By Application Type (Plastics & Rubber, Paints & Coatings, Construction Materials, Agriculture Materials, Life Sciences & Pharmaceuticals, and O...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.
Glass microspheres are advanced, low-density fillers used in a variety of applications. They are available in a wide range of densities and crush strengths, capable of surviving most compounding and molding processes. These microscopic spheres are water-insoluble, chemically stable, and offer a high strength-to-weight ratio. Significantly lower impact of glass microspheres on rheology than mineral fillers make them easier to form highly filled parts with more complex geometries. They minimize molding temperature and injection pressure compared to mineral fillers. Also, the spherical shape (aspect ratio of 1.0) often improves the dimensional stability of polymer composites, resulting in less shrinkage and warpage. Glass microspheres with a specific density of less than 0.6 g/cm3 help in reducing 10%-30% weight of the plastic parts compared to the traditional fillers (talc, calcium carbonate, and clay with specific density in the range of 2.5 to 2.8 g/cm3).
The demand for glass microspheres is highly subjected to the growth of the end-use industries where these microspheres are used. The COVID-19 pandemic has hit the business world on an unprecedented scale. It has caused the closures of business operations, the stoppage of factory outputs, and the disruption to global manufacturing industries and their supply chain. Major end-use industries, such as automotive, building & construction, and consumer goods, have significantly been affected. Despite short-term demand fiasco due to the outbreak of COVID-19 pandemic, Stratview Research’s estimates suggest that the global glass microspheres market would be able to cross US$ 3.8 billion by 2025, expecting a hefty recovery after a downfall in 2020.
Stratview has firstly segmented the glass microspheres market based on the material type as hollow glass microsphere, foam glass granulates, perlite microsphere, and solid glass beads. Hollow glass microsphere is likely to remain the most preferred microsphere type in the market in the coming years. Hollow glass microspheres are increasingly finding usage in plastic & rubber applications, such as SMCs, injection-molded parts, packaging films, and wood composites; as well as in construction materials, such as caulks, adhesives & sealants, cultured marbles, putties, and potting compounds; and paints & coatings; and other applications such as lightweight cement slurries, syntactic foam, and buoyancy modules & risers.
Solid glass beads are currently holding the second-largest share in the market. Solid glass beads have higher densities (borosilicate glass spheres: 2.2 g/cm3, soda-lime glass spheres: 2.5 g/cm3, and barium titanate glass spheres: 4.49 g/cm3) and offer excellent retroreflection property, and are preferred in road marking application in order to lower the risk of accidents.
Solid glass beads are currently holding the second-largest share in the market. Solid glass beads have higher densities (borosilicate glass spheres: 2.2 g/cm3, soda-lime glass spheres: 2.5 g/cm3, and barium titanate glass spheres: 4.49 g/cm3) and offer excellent retroreflection property, and are preferred in road marking application in order to lower the risk of accidents.
Based on the application type, the market is classified as plastics & rubber, paints & coatings, construction materials, agriculture materials, life sciences & pharmaceutical, and others. Paints & coatings are likely to remain the most dominant application, in terms of value, in the glass microspheres market during the forecast period. Glass microspheres reduce resin demand due to their lowest surface area; reduce volatile organic compound, shrinkage, and drying time by increasing solid content; provide good filling on uneven substrates; and provide lower viscosity compared to conventional fillers. In contrast to white inorganic pigments, such as TiO2, the glass microspheres efficiently reflect UV, Vis, and NIR radiations.
Plastics & rubber accounted for the second-largest share after paints & coatings. Microspheres are replacing traditional fillers, such as talc, calcium carbonate, and clay, in the transportation sector with the increasing effort towards the use of lightweight materials to improve fuel efficiency.
In terms of regions, all regions are expected to mark a huge decline in 2020 in the wake of the rapid spread of the pandemic. Europe, which is currently holding the leading position, will manage its lead in the global market by 2025. Germany is the growth engine of the European glass microspheres market. Increased demand for glass microspheres in fuel-efficient vehicles and energy-efficient homes in the region is behind the dominance of Europe in the world. The short-term market demand is challenging in the European region with Italy, Russia, the UK, and Spain being severely impacted by the coronavirus outbreak.
Asia-Pacific, from 2021 onwards, is estimated to heal up with the fastest pace. China, India, and Japan are estimated to remain the major markets for glass microspheres in the region. There has been a growing presence of regional companies in the market.
Research Scope |
|
Trend & Forecast Period |
2014-2025 |
Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
Size in 2025 |
US$ 3.8 Billion |
Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, the UK, Spain, China, Japan, India, Latin America, the Middle East and others |
Figures & Tables |
>150 |
Customization |
Up to 10% customization available free of cost |
The global glass microspheres market is segmented into the following categories.
Glass Microspheres Market Size, Share & Forecast, By Material Type
Glass Microspheres Market Size, Share & Forecast, By Application Type
Glass Microspheres Market Size, Share & Forecast, By Region
The supply chain of this market comprises raw material suppliers, glass microsphere manufacturers, paint/coating manufacturers, compounders, tier players, and end users. The key players in the market are the following.
This 231-page strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s glass microspheres market realities and future market possibilities for the forecast period of 2020 to 2025. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for the glass microspheres market. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
The following are the key features of the report:
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across the 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].
The glass microspheres market size is expected to grow at a healthy CAGR in the next five years to reach US$ 3.8 Billion in 2025.
The 3M Company, PQ Corporation, Omya International AG, Sinosteel Maanshan New Material Technology Co. Ltd., Dennert Poraver GmbH, Sigmund Lindner GmbH, Dicalite Management Group, Inc., SWARCO AG, Silbrico Corporation, Bublon GmbH etc. are among the key players in the glass microspheres market.
Europe is expected to maintain its lead in the glass microspheres market during the forecast period of 2020-2025.
Paints & Coatings are expected to remain the most dominant application type in the glass microspheres market in the coming five years.
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