Global Expandable Microspheres Market Scale Was 424.25 Million Dollars In 2018
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Expandable microspheres are microscopic spheres comprising a thermoplastic shell encapsulating a low boiling point liquid hydrocarbon. When heated to a temperature high enough to soften the thermoplastic shell, the increasing pressure of the hydrocarbon will cause the microsphere to expand. The volume can increase by 60 to 80 times.
The global market scale of Expandable Microspheres was 424.25 million dollars in 2018. It is expected to reach 462.67 million dollars by 2019 and 801.31 million dollars by 2025, with the CAGR of 9.51%. In 2018, the sales volume of Expandable Microspheres is 24182 MT.
The Major production regions of Expandable Microspheres are United States, Europe and Japan, which accounted for about 92.38% of production market share in 2018. Japan is the largest production region with a market share of 40.05% in 2018. For sales market, Asia-Pacific is the largest sales region with a market share of 33.71% in 2018.
Expandable Microspheres manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are AkzoNobel, Matsumoto Yushi-Seiyaku, Kureha, Sekisui Chemical and Chase Corporation, accounting for 82.59 percent revenue market share in 2018.
For price trend analysis, a key variable in the performance of Expandable Microspheres producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The market scale will keeps increasing fast in the next few years. Although sales of Expandable Microspheres brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Expandable Microspheres field.