Asia-Pacific Microsphere Market - Segmented by Type, Raw Material, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)
The Asia-Pacific microsphere market is expected to grow at a moderate rate during the forecast period, 2018-2023. The major factor driving the studied market is the growing end-user industries, which is because of the government efforts.
Microspheres are spherical micro particles, with their size ranging from 0.1 to 100 micrometer. They are used where consistent and predictable particle surface area is important. Microspheres have external pores on the surface or internal pores in the core. Some uses of these particles include carriers for drugs, high-speed chromatography, cell delivery, and tissue regeneration as a scaffold.
End Users Augmenting the Market Growth
Asia Pacific economies, such as China, India, and Japan, have been witnessing growth in end-user industries from the past decade. The Indian cosmetics industry is growing at a good pace, due to the increasing awareness and desire to look good. Also, the Japanese healthcare sector is expected to grow, because of new government initiatives, like public insurance program, which are driving the studied market. Therefore, the rising end users are augmenting the production, and hence, driving the microsphere market in Asia-Pacific region.
Growing Electronic Market Driving the Chinese Market
The Chinese microsphere market is mainly driven by the growing electronics industry. Production and usage of LCD/LED TVs and other electronic devices, such as mobile phones and tablets, are increasing substantially in China, thus, driving the studied market.
Medical Segment Witnessing High Growth Rate
The market has been segmented by type, raw material, and end-user industry. By end-user industry, the medical technology segment is expected to dominate the market owing to the increasing demand for cancer treatment drugs in drug delivery systems. The construction segment is expected to increase during the forecast period.
Major Players: 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC, Momentive Performance Materials Holdings LLC, Dennert Poraver GmbH, and Henkel AG, amongst others.
Reason to Purchase this Report
Understand the impact of end-user industries on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Understand the dominating product type and application in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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