MRO Magazine

Global Hollow Glass Microspheres Market Worth USD 352.8 Million by 2021 – Continuous Improvement in Product Quality – Research and Markets


June 3, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Hollow Glass Microspheres Market Research Report By End-User Industry and By Geography – Global Trends and Forecast to 2021” report to their offering.

The global Hollow glass microspheres market was valued at USD 226.8 million in 2015, and is projected to reach USD 352.8 million by 2021, at a CAGR of 7.5% from 2016 to 2021.

Hollow glass microspheres have evolved as a lightweight filler to be used in several industries such as aerospace, automotive, oil & gas, healthcare, and others. They are suitable to be used in various applications such as thermoplastics, rubber & elastomers, abrasive materials, cryogenic technology, and so on.

There are no common standard specifications about the types as companies develop their own grades by different names. Continuous improvement in product quality and increasing concerns over transportation and installation of products from end-user industries such as aerospace, automotive, oil & gas, healthcare, consumer goods, and construction are expected to be the major contributing factors towards the growth of hollow glass microspheres during the forecast period.

In addition, the growing environmental concerns are also expected to fuel the growth of the market for hollow glass microspheres in coming years as they are recyclable and reusable. The key concern in hollow glass microspheres market comes from the fluctuations in manufacturing costs due to volatile raw-material prices, huge R&D expenditure which is not required for the current potential of the market, and low quality control on production.

Companies Mentioned:

  • 3M Company
  • Cenostar Corporation
  • Cospheric Llc
  • Dennert Poraver Gmbh
  • Mo-Sci Corporation
  • Polysciences, Inc.
  • Potters Industries Llc
  • Sinosteel Maanshan New Material Technology Co., Ltd.
  • Trelleborg Ab

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Hollow Glass Microspheres Market, By End-User Industry

8 Hollow Glass Microspheres Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information visit http://www.researchandmarkets.com/research/2zb4zb/global_hollow

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Glass, Nanomaterials