The global Hollow Glass Microspheres market was valued at 197.83 Million USD in 2021 and will grow with a CAGR of 7.3% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Hollow glass microspheres are a new type of material developed widely in recent years with excellent performance. The main components of the product are borosilicates, hollow spheres with a particle size of 10-250 μm and a wall thickness of 1-2 μm. This product has the advantages of light weight, low thermal conductivity, high strength and good chemical stability. After special treatment, it has the properties of lipophilic and hydrophobic, and it is very easy to disperse in organic materials such as resins. Hollow glass microspheres are widely used in glass fiber reinforced plastics, artificial marble, artificial agate, and other composite materials, and have obvious weight-reducing effect and sound insulation effect, so that the products have good crack resistance and reworkability. Widely used in aviation, aerospace, new high-speed trains, luxury yachts, thermal insulation coatings, bowling, and other areas, and played a unique good role.First of all, the increasing demand for hollow glass microspheres drives the market size structural properties such as recyclability, reusability increase demand for efficiency, and modernization of infrastructure. Second, North America dominates the global hollow glass microspheres market, and is experiencing high growth owing to the increased demand for efficiency in many end-user industries. Product innovation in terms of quality and application development is another driving factor for the growth of hollow glass microspheres market in North America. The U.S. and Canada are expected to lead the hollow glass microspheres market in the North American region, the U.S. Asia Pacific is growing at a significant rate as these materials have started gaining prominence in this region. The growth in this region can be attributed to increased consumption of hollow glass microspheres in China.

By Market Verdors:

3M

Trelleborg AB (Sweden)

Potters Industries

Mo-Sci

Sinosteel Maanshan New Material Technology

Cospheric

Dennert Poraver

Polysciences

CenoStar

By Types:

Glass

By Applications:

Automotive

Aerospace & Defense

Building & Construction

Paints & Coatings

Electrical & Electronics

Cosmetics & Personal Care

Healthcare

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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