The Asia-Pacific Glass Microspheres Market expected to reach $365.5 million by 2018 - New Report by MicroMarket Monitor

The Asia-Pacific Glass Microspheres Market report defines and segments the glass microspheres market in Asia-Pacific with analysis and forecast of revenue. The Asia-Pacific glass microspheres market is expected to reach $365.5 million by 2018, at a CAGR of 13.2% from 2013 to 2018.

Browse through the TOC of the Asia-Pacific Glass Microspheres Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the concerned market, and is supported by various tables and figures.

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Glass microspheres are spheres of glass, between 1 to 1000 micrometers in diameter, manufactured for a wide variety of uses in the research, medicine, and consumer goods industries, among others. They are used as lightweight fillers in composite materials such as syntactic foam and lightweight concrete. The basic process of manufacturing glass microspheres consists of extracting glass at high temperature from soda lime borosilicate and then milling it to fine particle size, following which the fine powder is mixed with trace amounts of sulfur containing compounds such as sodium sulfate. Further, this mixture is run through a high temperature heat transfer process, during which there is reduction in viscosity of glass as well as surface tension, thereby causing these particles to form spheres.

The Asia-Pacific region is the third-largest market for glass microspheres, globally. The region continues to drive the global economic recovery owing to the increase in private consumption and the various policies implemented for achieving sustainable development in the region. Open economies such as Hong Kong, which are extremely vulnerable to global economic headwinds, are already observing a deceleration in their external trade growth, with the declining trend expected to continue during the forecast period, 2013 to 2018. Moreover, China and India are experiencing weaker growth rates in 2014. However, the vibrant and flourishing economies such as South Korea and Indonesia are expected to achieve better economic performances during the forecast period, supported by strong domestic consumption, solid investment inflows, and higher export numbers. Asia-Pacific’s growing demand for energy and basic materials is expected to propel the region to increase production of metals, chemicals, and paper. In addition, with the increasing infrastructure expenditure, the glass microspheres market in Asia-Pacific is bound to grow significantly, to outpace other regions by 2018.

The report covers the Asia-Pacific glass microspheres market, which is segmented on the basis of application and geography. In the Asia-Pacific region, glass microspheres are applied in various industry verticals, such as aerospace & defense materials, automotive materials, bio materials, biotechnology, building & construction, coating additives, cosmetics, and oil & gas consumables, among others.

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North America Glass Microspheres Market:

The North America glass microspheres market is majorly driven by high demand from current & emerging applications, superior structural properties, development and modernization of infrastructure. The report estimates the market size of North America glass microspheres market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. North America glass microspheres market was valued at $493.91 million in 2012 and is expected to reach $802.32 million by 2019, growing at a CAGR of 12.5% from 2014 to 2019.

Europe Glass Microspheres Market:

The Europe glass microspheres market is majorly driven by high demand from current & emerging applications, superior structural properties, development and modernization of infrastructure. The report estimates the market size of Europe glass microspheres market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. Europe glass microspheres market was valued at $372.20 million in 2013 and is expected to reach $597.47 million by 2019, growing at a CAGR of 12.0% from 2014 to 2019.

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