Polymer Microspheres Market Size and Growth Rate:
According to our research report, Polymer Microspheres Market size is poised to reach USD xxx billion by the end of 2023 from USD xx billion in 2017 and this market witnessed a growth rate of xx% during the forecast period 2018-2023.
Polymer Microspheres Market Overview:
Polymer microspheres are used to a great extent in many areas of biomedical and biotechnological research. Microspheres range from 10 microns to 1,000 microns and are typically manufactured from polystyrene (PS) or polyethylene (PE). These microspheres can be linked to proteins, peptides, and antibodies, DNA or RNA, according to the requirements of the intended application.
Polymer Microspheres Market - Growth Drivers and Opportunities:
One of the main drivers of the growth of the market is the growing demand of the pharmaceutical industry as a system of distribution of medicines for active pharmaceutical ingredients. Injectable products represent the area of application with the fastest growth in the market of the polymer microsphere and are responsible for the robust growth of the current market. Polymer microspheres have seen high demand from the electronics industry due to their use in electronic equipment screens. They have a wide variety of applications in the field of electronics, including LCD screens, monitors, mobile telephony screens, etc., that promote market growth.
With a growing interest in cosmetics and appearance, the number of plastic surgeries around the world has increased significantly. Thus, this increase contributes to the demand for polymer microspheres due to the demand for facial and tofu procedures, breast procedures and aesthetic surgery, including the body and limbs, which in turn brings great benefits to the market. The need for advanced drug administration and drug carrier systems is expected to be an important factor in the growth of the Polymer microspheres during the planned period. There is a growing demand for paint and coating applications, including the increase in solids content of coatings and the maintenance of flow properties. The fast pace of innovation, technological development and R & D activities of the electronics industry drives the demand for new and fast electronics. Mainly focused on the development of high-end products, the number of manufacturing factories and development centers has greatly increased.
Polymer Microspheres Market - Regional Analysis:
North America dominates the entire industry and contributed more than 45.0% of its revenue share. It is expected that the polymer microspheres market will expand due to cheap medical resources and the growth of the construction sector focused on the United States and Mexico. Europe is another important market and is expected to be able to benefit significantly from the increase in demand in the construction sector. The Asia-Pacific region is expected to grow at its fastest pace with increased purchasing power, increased government spending on health, prolonged life expectancy, increased awareness of consumer health and changes in the lifestyle and the incidence of chronic diseases and the developed country.
Prominent Companies in the Polymer Microspheres Market analyzed in the report are:
- EPRUI Nanoparticles & Microspheres Co. Ltd
- Kish Company
- Luminex Corporation
- Matsumoto Yushi Seiyaku Co., Ltd
- Merck KGaA
- Sekisui Plastics
- Sunjin Chemical Co., Ltd.
Polymer Microspheres Market – Detailed Segmentation:
Polymer Microspheres Market – By Type:
- Expandable Microspheres
- Biodegradable Microspheres
Polymer Microspheres Market – By End User:
- Life Sciences & Pharmaceutical
- Cosmetics & Personal Care
- Paints & Coatings
- Electronics (Digital Displays, etc.)
- Ceramics & Composites
Polymer Microspheres Market – By Geography:
- United Kingdom
- South Korea
Middle-East & Africa