Himanshu Patni: PMMA Microspheres Market - Industry Size, Share, Growth & Forecast 2027

For the last several decades, microspheres are used across industries in order to change and enhance the properties of original materials and simultaneously help in saving production costs and raw materials. Microspheres can be used as a filler, carrier, or active ingredient in paints & coatings, cosmetics, pharmaceuticals, and drug delivery. PMMA microspheres are used for their high optical clarity and mechanical resistance properties like high impact and heat resistance, and good tensile and flexural strength. Due to its optical clarity properties, PMMA microspheres have become a go-to substitute for glass microspheres in signs & flat panel displays. During COVID-19, demand for electronics products has showcased robust growth thereby increasing the demand for flat panel displays, thus boosting the market for microspheres. For instance, in 2021, the global flat panel display market jumped 28% to reach a record high of USD 151 billion. Moreover, these spheres are used in paints & coatings applications for various purposes like obtaining super matte paints even for dark colors. Over the years, demand for paints & coatings has increased significantly outpacing the global GDP growth and the trend is likely to continue, thereby it is expected to propel the demand for PMMA microspheres.

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According to UnivDatos Market Insights (UMI)’ research report “Global PMMA Microspheres Market”, the market is expected to showcase a growth of around 7% during the forecast period. The large and increasing market for flat panel displays, rising investment in medical applications, and increasing consumption of high-quality paints & coatings products are some of the key attributable factors to the growth of the market.

Based on the size, the market is categorized into 0-30 micron and above 30 micron. Of both, above 30 microns is expected to showcase substantial growth during the forecast period. This can be attributed to the fact that this type of microsphere is commonly used in medical applications. As the global investment in the medical industry is rapidly increasing in order to improve the global healthcare infrastructure, thus it is expected that it will increase the market for above 30 micron size PMMA microspheres.

Based on application, the market is categorized into signs & displays, cosmetics, paints & coatings and printing, polymers & films, medical, and others. Among these, sign & display held a considerable position in the market and is expected to maintain a strong position during the forecast period. In sign & display, PMMA microspheres are used due to their light diffusion and high optical clarity properties. The market for displays like flat panel displays is huge and continuously growing, thereby maintaining strong demand for PMMA microspheres.

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Asia-Pacific accounted for a considerable share of the PMMA microspheres market

Asia-Pacific accounted for a significant share in the global PMMA Microspheres market and is likely to maintain its presence during the forecast period. This can be attributed to the large and growing manufacturing sector in the region, rising population, improving standard of living, and increasing foreign investment in the regional countries. The demand for PMMA microspheres is mainly from sign & display, cosmetics, paints & coatings, printing ink, polymer and films, and medical industries. The region is the largest market for paints & coatings, and polymer and films, to name a few. Further, regional countries like China and ASEAN region are the hub for the global display industry owing to low labor cost, technology, and vast workforce. Further, to increase the local industrial production governments in many regional countries are taking various initiatives to lure the western companies in order to open facilities in the region. Owing to such factors, the demand for PMMA microspheres is expected to rise during the foreseeable future.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global PMMA microspheres market include Sekisui Kasei Co. Ltd., Dynea AS, HEYO Enterprises Co. Ltd., Imperial Microspheres, Cospheric LLC, MicroCHEM, Lab261, Nippon Shokubai Co. Ltd., Kobo Products Inc., and Kuraray Co. Ltd. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global PMMA Microspheres Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Size (0-30 Micron and Above 30 Micron)

2. By Application (Signs & Displays, Cosmetics, Paints & Coatings and Printing, Polymers & Films, Medical, and Others)

3. By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

4. By Company (Sekisui Kasei Co. Ltd., Dynea AS, HEYO Enterprises Co. Ltd., Imperial Microspheres, Cospheric LLC, MicroCHEM, Lab261, Nippon Shokubai Co. Ltd., Kobo Products Inc., and Kuraray Co. Ltd)

Key questions answered in the study:

1. What are the current and future trends of the global PMMA microspheres industry?

2. How the industry has been evolving in terms of size and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global PMMA microspheres industry?

5. What are the customer orientation, purchase behavior, and expectations from the global PMMA microspheres suppliers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION

2. RESEARCH METHODOLOGY OR ASSUMPTION

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5. GLOBAL PMMA MICROSPHERES MARKET COVID-19 IMPACT

6. GLOBAL PMMA MICROSPHERES MARKET REVENUE (USD MN), 2019-2027F

7. MARKET INSIGHTS BY SIZE

8. MARKET INSIGHTS BY APPLICATION

9. MARKET INSIGHTS BY REGION

10. PMMA MICROSPHERES MARKET DYNAMICS

11. PMMA MICROSPHERES MARKET OPPORTUNITIES