Market Analysis for Global Ceramic Microspheres Market
The global Ceramic Microspheres market is projected to have a steady growth rate over the forecast period.
Ceramic Microspheres are mainly used in the production of shower boats and stalls in the polyester industry. Fiberglass manufacturers use ceramic microsphere to create lighter and highly durable fiberglass. Ceramic microspheres are also used for the production of film ink, mining explosives, plastic products, and rubber products. North America is expected to be the largest market for ceramic microspheres on account of increased use of fiberglass in construction coupled with the U.S. EPA directive to reduce VOC emission in automobile production.
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The key players mentioned are Potters Industries, 3M, Sigmund Lindner, Zeeospheres Ceramics, The Cary.
By Type, Ceramic Microspheres has been segmented into:
• Additives
• Fillers
By Application, Ceramic Microspheres has been segmented into:
• Film Ink Production
• Fiberglass Production
• Mining Explosives Production
• Plastic Products
• Rubber Products
Regions and Countries Level Analysis:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)
Ceramic microspheres are fine particles used as additives and fillers in paints, mastics, coatings and other building materials. Since these fine particles have a spherical shape, the amount of resin required to produce ceramic microspheres is small. The low cost is required to use a small amount of resin, so manufacturers use ceramic microspheres instead of insoluble additives in the production of paints and coatings. In addition, the presence of microspheres in the product lowers the density of the material, making it easy to ship and carry in painting and other applications.
Ceramic microspheres are used in formulators for paints and coatings on account of higher viscosity, reduced costs, shrinkage, drying time, and volatile organic compounds (VOC) emissions. Increasing fiberglass demand on account of surging demand for durable, light-weight, and non-corrosive components in the construction industry is expected to boost the ceramic microsphere demand over the forecast period. In addition, REACH legislation in Europe is inclined towards reduction of VOC emissions in paints and coating for automobile manufacturing is expected to further augment the ceramic microspheres demand. However, the availability of raw material is expected to act as a major restraint for the ceramic microspheres market on account of increasing demand for ceramics in disc brakes in the automotive and semiconductor industries over the forecast period.
European ceramic microspheres market is expected to witness growth on account of Germany being the largest manufacturer of reinforcement fiberglass followed by France and Italy. Asia Pacific is expected to be the fastest growing market on account of growing construction industry in China and India coupled with China being one of the largest fiberglass manufacturers in the world. Some of the leading companies in the ceramic microspheres market include Potters Industries, Sigmund Lindner GmbH, Zeeospheres Ceramics LLC, 3M, The Cary Company, and others.
Increasing amount of investments for infrastructural development by governments in emerging economies such as India and Brazil is expected to augment the demand for fiberglass attributing to increasing use of ceramic microspheres in its formulation.