OCT 20, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polyurethane Microspheres Market.
is likely to witness an impressive CAGR of 7.8% during the forecast period. The prime factors that are contributing to the growth of the market for polyurethane microspheres are the mounting demand for plastic underbody and application in architectural coatings, increasing demand for repositionable adhesives, technological developments in drug delivery, and crop protection.
Polyurethanes are one of the most multipurpose polymer materials worldwide. PU microspheres offer excellent mechanical properties, such as high adsorption, good blood compatibility and stability. They are of great potential as adsorbents, drug carriers, coatings and paints.
Polyurethane microspheres are used in different applications, such as encapsulation, coatings, adhesives, and cosmetics for various end-use industries.
Based on the application type, the market is segmented as encapsulation, paints & coatings, adhesives, cosmetics, and other applications. The encapsulation segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Higher consumption of PU microspheres for encapsulation application in various end-use industries, such as pharmaceutical, paints & coatings, and agro chemical industries is driving the growth of this segment.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for polyurethane (PU) microspheres during the forecast period, with China being the major country with lucrative growth opportunities. The growth of the region’s market is driven by the growth of various end-use industries, such as construction, electronics, and automotive. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
MicrochemSanyo chemical industries Ltd.
Kolon Industry Inc.
Bayer Material Science LLC
Heyo Enterprise Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polyurethane Microspheres Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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