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Polymer Microspheres Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Type (Expandable Microspheres and Bio-degradable Microspheres), by End-user Industry (Life Sciences & Pharmaceutical, Cosmetics & Personal Care, Paints & Coatings, Electronics, Ceramics & Composites, Plastics, and Other End-user Industries), and Geography

Market Snapshot

Polymer Microspheres - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for polymer microspheres is anticipated to register a CAGR of 9.64% during the forecast period (2019-2024). One of the major factors driving the growth of the market is the increasing demand from the pharmaceutical industry, as a drug delivery system for active pharmaceutical ingredients. Injectable represents the fastest growing application segment of the polymeric microspheres market and is responsible for the current robust growth of the market.

  • Polymer microspheres have been witnessing high demand from the electronics industry, owing to their usage in the electronic equipment’s display. They have a wide range of other applications in the electronics sector, including usage in LCD screens and monitors, and mobile phone screens, thereby augmenting the growth of the market.
  • With a rise in concern for looks and beauty, there has been a significant increase in the number of cosmetic surgeries, worldwide. This increase is, consequently, contributing to the demand for polymer microspheres, due to their requirements in cosmetic surgeries, including face and head procedures, breast procedures, and body and extremities, which is, in turn, benefitting the market to a great extent during the forecast period.

Scope of the Report

The polymer microspheres market report includes:

Type
Expandable Microspheres
Biodegradable Microspheres
End-user Industry
Life Sciences and Pharmaceutical
Cosmetics and Personal Care
Paints and Coatings
Electronics (Digital Displays, etc.)
Ceramics and Composites
Plastics
Other End-user Industries
Printable Inks
Body Fillers, Parts, and Sealants for Automotive
Shoe Soles
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Life Science and Pharmaceutical Industry

  • Polymeric microspheres are used to a significant extent in many biomedical and biotechnology research applications.
    • These microspheres are sized 10 microns to 1,000 microns and generally composed of polystyrene (PS) or polyethylene (PE).
    • These microspheres can also be ligand coupled to proteins, peptides, antibodies, DNA or RNA on the demand of the intended application.
    • Polylactic acid (PLA) is another prominently used microsphere in research studies and clinical applications, such as cell sorting, cell separation, immune precipitation, protein binding, and next-generation sequencing procedures.
    • Injection of microspheres, as a bulking agent, which are covered with collagen and growth factors, to induce tissue regeneration and formation, while improving the efficiency of the therapy and diminishing the risk of particle migration
  • The polymer microspheres used in the pharmaceutical industry are polymeric particles, which have sizes ranging from 5-150 microns, carrying the APIs (active pharmaceutical ingredients) in the patient’s body for continuous release over time.
    • Additionally, every day new applications are being developed using microsphere drug delivery technologies, such as in vaccine, cancer or diabetes treatments.
  • Synthetic polymeric microspheres are widely used in clinical applications as bulking agents, fillers, embolic particles, and drug delivery vehicles; they have proved to be safe and biocompatible. 
    • The life sciences & medical industry is contributing the highest share in the PMMA microsphere market due to the increased usage of these microspheres as a filler in bone cement and bulking agent for tissues.
  • All the aforementioned factors are expected to drive the Polymeric microspheres market, during the forecast period.
Polymer - End-user

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North American Region to Dominate the Market

  • The United States is the world’s largest and most powerful economy, with a per capita income of USD 62,600 (current USD) in 2018. The economy’s growth rate was 2.9% in 2018 and is expected to increase by 2.3% in 2019.
  • The pharmaceutical sector has been one of the major industries in the United States, as well as one of the most R&D intensive industries in the country. According to IFPMA, the share of the US pharmaceutical industry is expected to increase from 40.3%, in 2015, to 41%, in 2020, globally.
  • The US cosmetic industry is also expanding. Polymer microspheres are extensively used in anti-aging products, as well as in the manufacturing of shampoo, hair gels, hair creams, etc. The increasing elderly population in the country is further estimated to boost the demand for anti-wrinkle and other hair-related products.
  • The US electronics market is the largest market in the world, in terms of size. Furthermore, it is expected to remain the leading market over the forecast period, due to the usage of advanced technology, an increase in the number of R&D centers, and rising demand from the consumers.
  • There is a significant demand for newer and faster electronic products, due to the rapid pace of innovation, the advancement of technology, and R&D activities in the electronics industry. There is a significant increase in the number of manufacturing plants and development centers in the United States, primarily due to the focus on developing high-end products. This is expected to boost the demand for polymer microspheres over the forecast period.
  • With the growing demand from various end-user industries, the market for polymer microspheres is expected to grow during the forecast period.
Regional (new format)

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Competitive Landscape

The polymer microspheres market is fragmented. Some of the major players include Momentive Performance Materials Inc., Luminex Corporation, Polysciences, Nouryon, and Merck KGaA.

Major Players

  1. Nouryon
  2. Momentive
  3. Luminex Corporation
  4. Polysciences
  5. Merck KGaA

* Complete list of players covered available in the table of contents below

Polymer Microspheres - market concentration 1

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Augmenting Demand from the Pharmaceutical Industry as a Drug Delivery System for Active Pharmaceutical Ingredients

      2. 4.1.2 Growing Demand from the Electronics Industry

    2. 4.2 Restraints

      1. 4.2.1 Ban of the Use of Oil-based Polymers in Personal Care and Cosmetic Products

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Expandable Microspheres

      2. 5.1.2 Biodegradable Microspheres

    2. 5.2 End-user Industry

      1. 5.2.1 Life Sciences and Pharmaceutical

      2. 5.2.2 Cosmetics and Personal Care

      3. 5.2.3 Paints and Coatings

      4. 5.2.4 Electronics (Digital Displays, etc.)

      5. 5.2.5 Ceramics and Composites

      6. 5.2.6 Plastics

      7. 5.2.7 Other End-user Industries

        1. 5.2.7.1 Printable Inks

        2. 5.2.7.2 Body Fillers, Parts, and Sealants for Automotive

        3. 5.2.7.3 Shoe Soles

        4. 5.2.7.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Nouryon

      2. 6.4.2 PQ Corporation

      3. 6.4.3 Luminex Corporation

      4. 6.4.4 Matsumoto Yushi Seiyaku Co. Ltd

      5. 6.4.5 Merck KGaA

      6. 6.4.6 Momentive Performance Materials Inc.

      7. 6.4.7 Cospheric LLC

      8. 6.4.8 PolyMicrospheres

      9. 6.4.9 Sekisui Plastics

      10. 6.4.10 Sunjin Chemical Co. Ltd

      11. 6.4.11 ThermoFisher Scientific

      12. 6.4.12 Polysciences

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Cosmetic Surgeries

    2. 7.2 Growth in Demand for Bio-based and Biodegradable Microspheres

**Subject to Availability

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