Microspheres Market to Account for US$7.77 bn by 2023, Composites and Medical Technology Represent Key Applications
Transparency Market Research has published a new report titled “Microspheres Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”. According to the report, the global microspheres market was valued at US$ 2.72 Bn in 2014 and is anticipated to reach US$ 7.77 Bn in 2023, expanding at a CAGR of 12.4% between 2015 and 2023 . Microspheres are small spherical particles having size (diameter) from 1 to 1000 µm. These microstructures particles have white powdery form. Microspheres are manufactured using different natural and synthetic materials such as glass, polymer, ceramic, fly ash, metals. Owing to the superior structural and mechanical properties, microspheres are majorly used as additives or fillers to reduce the density of a material. On the basis of product type, microspheres market can be categorized into hollow microspheres and solid microspheres. Both the product types have comparable growth rate in the global mark...