The Polymethyl Methacrylate (PMMA) Microspheres Market is expected to grow at > 7.6% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polymethyl Methacrylate (PMMA) Microspheres Market
Polymethyl Methacrylate (PMMA) Microspheres Market is likely to witness an impressive CAGR of 7.6% during the forecast period. The major factor that is contributing to the demand for polymethyl methacrylate (PMMA) microspheres is the surge in demand for premium architectural coatings. PMMA microspheres are used in architectural coatings owing to their inherent property of imparting matt finish. In addition, increasing infrastructural investments are expected to drive the architectural coatings market, which is likely to boost the demand for PMMA microspheres during the forecast period.
Asia-Pacific is estimated to be the largest as well as fastest-growing market for PMMA microspheres during the forecast period, with China, Japan, Taiwan, and South Korea being the major countries with lucrative growth opportunities. Growth in electronics industry with increased production of LED flat panels and LED TVs, majorly in Taiwan, South Korea, and China, has given a boost to the demand for PMMA microspheres in the recent years, a trend which is expected to continue over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polymethyl Methacrylate (PMMA) Microspheres Market Share: By Application Type
Based on the application type, the market is segmented as medical, cosmetics, displays, paints & coatings, films, 3D printing inks, and others. The displays segment captured the largest share of the market in 2019, and is expected to remain dominant during the forecast period. On the other hand, the market for medical and coating applications is estimated to register the fastest growth during the forecast period, owing to large utilization of PMMA microspheres as fillers in cosmetic surgeries and bulking agents for tissues to provide for lost volume due to disease, injury, or aging.
Polymethyl Methacrylate (PMMA) Microspheres Market Share: By Size Type
Based on the size type, the PMMA microspheres market is segmented as “0-30 microns” and “Above 30 microns”. The “Above 30 microns” segment is estimated to witness a higher growth during the forecast period. The growth of the segment is owing to its rising demand from medical applications as PMMA microspheres of size greater than 30 microns possess qualities of biocompatibility, reliability, relative ease of manipulation, and low toxicity, which lead to their increased usage in various different medical specialties.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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