Key Players in the Middle East and Africa Glass Microspheres Market are 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC
(PRWEB) October 13, 2014
The Middle East and Africa Glass Microspheres Market report defines and segments the glass microspheres market in Middle East and Africa with analysis and forecast of revenue. The given market is expected to reach $88.03 million by 2018, at a CAGR of 10.2% from 2013 to 2018.
Browse through the TOC of the Middle East and Africa 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.
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.
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The Middle East and African region has experienced significant economic growth over the last decade, owing to large domestic consumption and foreign investments. The country leading this region's growth is Saudi Arabia. The countries included in the region for analysis are Saudi Arabia, UAE, Qatar, South Africa and Nigeria among others. Infrastructure development, construction, and expansion of end-user industries have been observed to be characteristic to these nations in recent years, owing to rapid growth experienced by the economies of this region. The major factors driving the growth of the Middle East and Africa glass microspheres market include high demand from current & emerging applications such as smart drug delivery and information storage, superior structural properties, recyclable & reusable properties, modernization of infrastructure in the region, and increased demand for efficiency. Furthermore, a majority of the region’s demand comes from its high population countries such as Nigeria, Iran, and Saudi Arabia, among others.
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The report covers the Middle East and Africa glass micro sphere market, which is segmented on the basis of application and geography. In the Middle East and Africa region, the 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.
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 microsphere 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.
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.
The report covers Europe glass microspheres market and its trends concerning with major countries, namely Germany, Italy, France, U.K., Russia, and others. Germany is the dominant country for the consumption of glass microspheres in the region. Russia’s glass micro sphere market is estimated to experience high growth and projected to grow at a CAGR of 14.8% for the forecasted period.
This report is focused on the detailed study of the Europe glass microspheres market, based on its applications that utilized in different countries.
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