PMMA Microspheres Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Size (0-30 Micron and Above 30 Micron); Application (Signs & Displays, Cosmetics, Paints & Coatings and Printing, Polymers & Films, Medical, and Others); and Region and Country

Detailed Analysis of COVID-19 Impact on the PMMA Microspheres Market

Pages:

164

Table:

41

Figure:

67

Report ID:

UMCH21936

Geography:

Clear
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Report Description
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Research Methodology

Report Description

 

PMMA microspheres market
PMMA microspheres market

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The global PMMA microspheres market is likely to showcase a growth of around 7% during the forecast period. 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.

Insights Presented in the Report

“Amongst size, Above 30 micron size PMMA microspheres held a prominent share in the market in 2020”

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.

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“Amongst applications, signs & displays accounted for a significant share in 2020”

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.

“Asia-Pacific accounted for a considerable share in the global PMMA microspheres market”

For a better understanding of the market adoption of PMMA Microspheres, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase substantial growth during the forecast period owing to the large and growing end-use industries of the region. The region is the global manufacturing hub with the largest paints & coatings, display, and polymer industries in the world. These industries consume a large amount of PMMA microspheres, thereby helping the region in maintaining a strong position in the market.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


Customization Options:

The global PMMA microspheres market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.   Market Definitions
1.2.   Limitation
1.3.   Stake Holders
1.4.   Currency used in Report
2.1.   Research Process of the PMMA Microspheres Market
2.2.   Research Methodology of the PMMA Microspheres Market
2.3.   Forecasting Method
2.4.   Respondent Profile
2.5.   Main Objective of the PMMA Microspheres Market Study
3.      MARKET SYNOPSIS
4.      EXECUTIVE SUMMARY
5.      GLOBAL PMMA MICROSPHERES MARKET COVID-19 IMPACT
6.      GLOBAL PMMA MICROSPHERES MARKET REVENUE (USD MN), 2019-2027F
7.1.   0-30 Micron
7.2.   Above 30 Micron
8.1.   Signs & Displays
8.2.   Cosmetics
8.3.   Paints & Coatings and Printing Inks
8.4.   Polymers & Films
8.5.   Medical
8.6.   Others 
9.1.   North America PMMA Microspheres Market 
9.1.1.      United States
9.1.2.     Canada 
9.1.3.     Rest of North America
9.2.   Europe PMMA Microspheres Market 
9.2.1.      Germany 
9.2.2.     France 
9.2.3.     United Kingdom
9.2.4.     Italy 
9.2.5.    Spain 
9.2.6.    Rest of Europe
9.3.   Asia Pacific PMMA Microspheres Market
9.3.1.      China 
9.3.2.     Japan 
9.3.3.     India 
9.3.4.    Australia 
9.3.5.    Rest of Asia Pacific
9.4.   Rest of World PMMA Microspheres Market 
10.1.                  Market Drivers
10.2.                  Market Challenges
10.3.                  Impact Analysis
11.  PMMA MICROSPHERES MARKET OPPORTUNITIES
12.  PMMA MICROSPHERES MARKET TRENDS
13.1.                  Demand Side Analysis
13.2.                  Supply Side Analysis
14.  VALUE CHAIN ANALYSIS
15.1.                  Porters Fiver Forces Analysis
15.1.1.   Bargaining Power of Buyer
15.1.2.   Bargaining Power of Supplier
15.1.3.   Intensity of Rivalry 
15.1.4.   Threats of New Entrant
15.1.5.   Threat of Substitute 
16.1.                  Sekisui Kasei Co. Ltd.
16.2.                  Dynea AS 
16.3.                  HEYO Enterprises Co. Ltd.
16.4.                  Imperial Microspheres
16.5.                  Cospheric LLC
16.6.                  MicroCHEM
16.7.                  Lab261 
16.8.                  Nippon Shokubai Co. Ltd.
16.9.                  Kobo Products Inc.
16.10.               Kuraray Co. Ltd.
17.  DISCLAIMER

Research Methodology

Analyzing the historical market, estimating the current market, and forecasting the future market of PMMA microspheres, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the PMMA microspheres industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of PMMA microspheres through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the PMMA microspheres market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by size and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of PMMA microspheres globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of PMMA microspheres. Further, we conducted factor analysis using dependent and independent variables such as the growing demand from the end-use industry and the availability of substitute products. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the PMMA microspheres industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global PMMA microspheres market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of PMMA microspheres across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the PMMA microspheres market. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

PMMA microspheres market
PMMA microspheres market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global PMMA microspheres market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of size and application.

The main objective of the PMMA Microspheres market study

The current & future market trends of global PMMA microspheres were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of PMMA microspheres in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of size and application
  • Defined analysis of the regulatory framework for the PMMA microspheres industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of PMMA microspheres for the major countries
  • Major regions/countries analyzed in the report include 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 Asia-Pacific), and Rest of World
  • Company profiles of the PMMA microspheres market players and the growth strategies adopted by them to sustain the growing market

Deep dive country-level analysis of the industry

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