SAN FRANCISCO, December 15, 2016 /PRNewswire/ --
The global microspheres market size is expected to reach USD 8.39 billion by 2025, according to a new report by Grand View Research, Inc. The market has witnessed strong growth over the past few years on account of the rising demand from the paints and coatings sector, construction, and healthcare industries. The cost-effective nature of microspheres has been a crucial factor for the increasing market penetration.
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Increasing technological innovation in terms of improving the characteristics of microspheres has resulted in the expansion of the market. However, growing concerns over the microbeads impact on the environment and the strengthening of the regulatory framework is expected to have a negative impact on the market.
The growing demand from the paints and coatings sector owing to the increasing production in emerging economies and expansion of the manufacturing industry is expected to have a positive impact over the forecast period. The expansion of the construction industry will remain a major growth contributing factor for microspheres in the near future.
Browse full research report with TOC on "Microspheres Market Analysis By Type (Hollow, Solid), By Material (Glass, Polymer, Ceramic, Fly ash, Metallic) By Application (Construction Composites, Paints & Coatings, Healthcare, Cosmetics, Oil & Gas, Automotive) And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/microspheres-industry
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global microspheres market by type, material, application, and region:
Read Our Research Insight - http://www.grandviewresearch.com/research-insights/microspheres-market-insights-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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