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The PMMA microspheres market share is expected to increase by USD 98.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.92%.
This PMMA microspheres market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers PMMA microspheres market segmentation by type (industrial PMMA microspheres and medical PMMA microspheres) and geography (APAC, North America, Europe, South America, and MEA). The PMMA microspheres market report also offers information on several market vendors, including Comindex SA, Cospheric LLC, EPRUI Biotech Co. Ltd., HEYO ENTERPRISES Co. Ltd., Imperial Microspheres, Matsumoto Yushi Seiyaku Co. Ltd., Microbeads AS, Microchem, Phosphorex Inc., and Sekisui Plastics Co. Ltd. among others.
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The increasing use in the pharmaceutical, life science, and medical industry is notably driving the PMMA microspheres market growth, although factors such as toxic in nature may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the PMMA microspheres industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key PMMA Microspheres Market Driver
The increasing use in the pharmaceutical, life science, and medical industries is one of the key drivers supporting the PMMA microspheres market growth. PMMA microspheres have high biocompatibility, allowing them to be employed in the life sciences and medical industries. Meanwhile, PMMA microspheres of medical-grade feature smooth, spherical, and tiny structures that are not easily absorbed by the body. They are used to aid in the natural creation of human collagen, allowing for the repair and restoration of the long-term structural integrity of spinal disc defects. Because of its excellent mechanical qualities, artificial bone cement based on PMMA microspheres is also commonly utilized in orthopedic treatment. Thus, bio-medical science technological advances are projected to drive the growth of the global PMMA microspheres market during the forecast period.
Key PMMA Microspheres Market Trend
The increasing adoption from the cosmetic industry is another factor supporting the PMMA microspheres market growth. PMMA microspheres are utilized in cosmetics and toiletries as cosmetic ingredients. Furthermore, they are injected into the skin to permanently minimize wrinkles or scars and increase light-scattering qualities. As a result, expansion in the cosmetics sector is projected to boost the demand for PMMA microspheres during the forecast period.
Key PMMA Microspheres Market Challenge
The toxicity in nature is hindering the PMMA microspheres' market growth. PMMA microsphere is a toxic monomer that is both an irritant and a potential carcinogen. Furthermore, its toxic breakdown upon combustion causes minor skin and eye irritation. The use of D4 and D5 chemical compounds in rinse-off cosmetics products with a concentration of 0.1% or greater by weight has been limited. This will limit the usage of such substances in cosmetic items even further, which will reduce the use of PMMA microspheres. such imposed regulations may limit the market growth during the forecast period.
This PMMA microspheres market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the PMMA microspheres market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the PMMA microspheres market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the PMMA microspheres market encompasses successful business strategies deployed by the key vendors. The PMMA microspheres market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The PMMA microspheres market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the PMMA microspheres market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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39% of the market's growth will originate from APAC during the forecast period. China, Japan, and Austria are the key markets for the PMMA microspheres market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increased demand for long-lasting plastic goods from the construction, automotive, and electronics industries will facilitate the PMMA microspheres market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 affected several countries in APAC, especially India. The rise in the number of COVID-19 cases during the second wave of the pandemic in the first half of 2021 led to the re-imposition of partial lockdowns in several countries, including India, Iran, Indonesia, the Philippines, and many more. However, with the resumption of normal business activities and the implementation of various disease containment measures, the PMMA microspheres market in APAC started to recover in late 2021. Such factors are expected to drive the growth of the market during the latter half of the forecast period.
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The PMMA microspheres market share growth by the industrial PMMA microspheres segment will be significant during the forecast period. PMMA is a versatile material employed in various sectors and applications, such as car rear lights and instrument clusters, appliances, and glasses lenses due to its transparency and durability. Their sheets allow for shatter-resistant panels for building windows, skylights, and a variety of other uses. Methacrylate polymers are widely employed in medical and dental applications where purity and stability are crucial. Hence, the global PMMA microspheres market is expected to grow during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the PMMA microspheres market size and actionable market insights on post COVID-19 impact on each segment.
PMMA Microspheres Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.92% |
Market growth 2022-2026 |
$ 98.23 million |
Market structure |
Fragmented |
YoY growth (%) |
6.99 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, China, Japan, Canada, Austria, and Czech Republic |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Comindex SA, Cospheric LLC, EPRUI Biotech Co. Ltd., HEYO ENTERPRISES Co. Ltd., Imperial Microspheres, Matsumoto Yushi Seiyaku Co. Ltd., Microbeads AS, Microchem, Phosphorex Inc., and Sekisui Plastics Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 08 Parent market
*Exhibit 09: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 10: Value Chain Analysis: Specialty chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 20201 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*Exhibit 22: Type - Market share 2021-2026 (%)
**5.2 Comparison by Type
*Exhibit 23: Comparison by Type
**5.3 Industrial PMMA microspheres - Market size and forecast 2021-2026
*Exhibit 24: Industrial PMMA microspheres - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Industrial PMMA microspheres - Year-over-year growth 2021-2026 (%)
**5.4 Medical PMMA microspheres - Market size and forecast 2021-2026
*Exhibit 26: Medical PMMA microspheres - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Medical PMMA microspheres - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 28: Market opportunity by Type
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 29: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 32: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 34: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: North America - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 36: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)
**7.6 South America- Market size and forecast 2021-2026
*Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 40: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: MEA- Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 42: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 43 Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing use in the pharmaceutical, life science and medical industry
*8.1.2 Increasing use of composites in the building and construction industries.
*8.1.3 Enhanced thermal conductivity
**8.2 Market challenges
*8.2.1 Toxic in nature
*8.2.2 Non degradable
*8.2.3 Cause severe health issues as long term complication
*Exhibit 44: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing adoption from the cosmetic industry cosmetic industry adoption
*8.3.2 An organic replacement of glass.
*8.3.3 Highly resistance to abrasion, scratches and water
***9. Vendor Landscape
**9.1 Overview
*Exhibit 45: Vendor landscape
**9.2 Landscape disruption
*Exhibit 46: Landscape disruption
*Exhibit 47: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 48: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 49: ?Market positioning of vendors?
**10.3 Comindex SA
*Exhibit 50: Comindex SA - Overview
*Exhibit 51: Comindex SA - Product and service
*Exhibit 52: Comindex SA - Key offerings
**10.4 Cospheric LLC
*Exhibit 53: Cospheric LLC - Overview
*Exhibit 54: Cospheric LLC - Product and service
*Exhibit 55: Cospheric LLC - Key offerings
**10.5 EPRUI Biotech Co. Ltd.
*Exhibit 56: EPRUI Biotech Co. Ltd. - Overview
*Exhibit 57: EPRUI Biotech Co. Ltd. - Product and service
*Exhibit 58: EPRUI Biotech Co. Ltd. - Key offerings
**10.6 HEYO ENTERPRISES Co. Ltd.
*Exhibit 59: HEYO ENTERPRISES Co. Ltd. - Overview
*Exhibit 60: HEYO ENTERPRISES Co. Ltd. - Product and service
*Exhibit 61: HEYO ENTERPRISES Co. Ltd. - Key offerings
**10.7 Imperial Microspheres
*Exhibit 62: Imperial Microspheres - Overview
*Exhibit 63: Imperial Microspheres - Product and service
*Exhibit 64: Imperial Microspheres - Key offerings
**10.8 Matsumoto Yushi Seiyaku Co. Ltd.
*Exhibit 65: Matsumoto Yushi Seiyaku Co. Ltd. - Overview
*Exhibit 66: Matsumoto Yushi Seiyaku Co. Ltd. - Business segments
*Exhibit 67: Matsumoto Yushi Seiyaku Co. Ltd. - Key offerings
*Exhibit 68: Matsumoto Yushi Seiyaku Co. Ltd. - Segment focus
**10.9 Microbeads AS
*Exhibit 69: Microbeads AS - Overview
*Exhibit 70: Microbeads AS - Product and service
*Exhibit 71: Microbeads AS - Key offerings
**10.10 Microchem
*Exhibit 72: Microchem - Overview
*Exhibit 73: Microchem - Product and service
*Exhibit 74: Microchem - Key offerings
**10.11 Phosphorex Inc.
*Exhibit 75: Phosphorex Inc. - Overview
*Exhibit 76: Phosphorex Inc. - Product and service
*Exhibit 77: Phosphorex Inc. - Key offerings
**10.12 Sekisui Plastics Co. Ltd.
*Exhibit 78: Sekisui Plastics Co. Ltd. - Overview
*Exhibit 79: Sekisui Plastics Co. Ltd. - Product and service
*Exhibit 80: Sekisui Plastics Co. Ltd. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 81: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 82: ?Research Methodology
*Exhibit 83: ??Validation techniques employed for market sizing?
*Exhibit 84: ??Information sources
**11.4 List of abbreviations
*Exhibit 85: List of abbreviations
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