The Europe Glass Microspheres Market projected to reach a value of $628.5 million by 2018

The Europe Glass Microspheres Market report defines and segments the glass microspheres market in Europe with analysis and forecast of revenue. The European market is projected to reach a value of $628.5 million by 2018, at a CAGR of 12.2% from 2013 to 2018.

Browse through the TOC of the Europe 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.

In 2013, the European region’s GDP did not fully recuperate from its 2012 losses; however, the domestic demand increased significantly, driven by the rise in investments. The recession in the heavy machinery sector, where glass microspheres are extensively used, is forecasted to be on the decline on account of the strong output of fluid power equipment, forestry & agricultural gear, and machine tools. The demand for glass microspheres from the automobiles, aerospace, and manufacturing industries would continue to drive the market during the forecast period, 2013 to 2018. The major countries in the region, included for the analysis, are the U.K., France, Italy, Germany, and Russia; Europe continues to be the second-largest market for glass microspheres, after North America.

The report covers the European glass microspheres market, which is segmented on the basis of application and geography. In the European region, glass microspheres are applied in various 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.

Glass microspheres are generally made up of soda lime borosilicate glass and filled with inert gas or air when hollow glass microspheres are required. The report ‘North America glass microspheres market’ analyzes the glass micro sphere market by applications for seven major applications namely construction composites, medical technology, life science & biotechnology, paints & coatings, cosmetic & personal care, oil & gas, automotive, aerospace, and others. All of these applications of glass microspheres experienced a positive growth till 2013 and are expected to continue the same in coming years. Construction composites holds majority of the share in the North America glass microspheres market and is estimated to grow at a CAGR of 7.2% during the forecasted period. Medical technology markets have been witnessing the maximum growth. Medical technology market was valued at $126.4 million in 2013 and is estimated to grow at a CAGR of 18.5% by 2019 for the period under consideration. Majority of the companies in the glass microspheres market have been relying on R&D to develop highly sophisticated products.

Middle East and Africa Glass Microspheres Market:

The Middle East and Africa 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 Middle East and Africa glass microspheres market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. Middle East and Africa glass microspheres market was valued at $56.76 million in 2013 and is expected to reach $83.68 million by 2019, growing at a CAGR of 10.1% from 2014 to 2019.

Glass microspheres are generally made up of soda lime borosilicate glass and filled with inert gas or air when hollow glass microspheres are required. The report ‘Middle East and Africa Glass microspheres market’ analyzes the glass micro sphere market by applications for seven major applications namely construction composites, medical technology, life science & biotechnology, paints & coatings, cosmetic & personal care, oil & gas, automotive, aerospace, and others. All of these applications of glass microspheres experienced a positive growth till 2012 and are expected to continue the same in coming years. Construction composites holds majority of the share in the Middle East and Africa glass microspheres market and is estimated to grow at a CAGR of 7.2% during the forecasted period. Medical technology markets have been witnessing the maximum growth. Medical technology market was valued at $11.83 million in 2013 and is estimated to grow at a CAGR of 16.3% by 2019 for the period under consideration. Majority of the companies in the glass microspheres market have been relying on R&D to develop highly sophisticated products. The companies have also ventured into expanding their operations into new and emerging markets.

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