Hollow Glass Microspheres Market, By End-User Industry (Aerospace & Defense, Automotive, Healthcare, Oil & Gas, Others), Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Global Forecast to 2021

The global hollow glass microspheres market is expected to be valued at USD 245.6 million in 2016, and is projected to reach USD 352.8 million by 2021, at a CAGR of 7.5% from 2016 to 2021. This research report segments the global hollow glass microspheres market on the basis of end-user industries and geography, along with forecast area, forecast value, and analysis of trends in each of the submarkets. Increasing demand from various end-user industries, unique structural properties, and recyclability of hollow glass microspheres are expected to drive their demand. The base year used for study is 2015 and the forecast period is 2016 to 2021.

Research Methodology

This research study involves data from both secondary and primary sources. Secondary sources including directories and databases, such as Factiva, Bloomberg, BusinessWeek, and Hoovers were used to collect and identify the information for this technical, market-oriented, and commercial study of hollow glass microspheres market. Primary interviews were conducted to validate the information collected from the secondary sources. The breakdown of primaries conducted is shown in the figure below:

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Market Ecosystem:

The ecosystem for hollow glass microspheres consists of key suppliers, including glass, silicon dioxide (SiO2), and aluminum oxide (Al2o3) manufacturers. These are important participants in the ecosystem of hollow glass microspheres market as they play a crucial role in the entire value chain. Leading companies in the hollow glass microspheres market include 3M Company (U.S.), Trelleborg AB (Sweden), Potters Industries LLC (U.S.), Mo-Sci Corporation (U.S.), Sinosteel Maanshan New Material Technology Co., Ltd. (China), Cospheric LLC (U.S.), Dennert Poraver GmbH (Germany), Polysciences, Inc. (U.S.), CenoStar Corporation (U.S.), and others. The products manufactured by these companies are used by aerospace & defense, automotive, and healthcare-related companies, such as General Motors (U.S.), BMW (Germany), Cardinal Health, Inc. (U.S.), and so on. 

Target audience:

• Hollow Glass Microspheres and Other Raw Material Manufacturers
• Converters of Hollow Glass Microspheres for Aerospace & Defense, Automotive,  and Healthcare, and Other End-use Industries.
• Traders, Distributors, and Suppliers of Hollow Glass Microspheres
• Regional Manufacturers' Associations and Hollow Glass Microspheres Associations
• Raw Material Manufacturers
• Government and Regional Agencies and Research Organizations

Scope of the report:
 

Each segment is described in detail in the report with volume and revenue forecasts.
 

• On the Basis of End-use Industries:
  • Aerospace & Defense
  • Automotive
  • Healthcare
  • Oil & Gas
  • Others 
• On the Basis of Region:
  • Asia-Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America

Available Customizations:

Along with the market data, MicroMarketMonitor offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Related Reports:

Global Microspheres Market, By Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paint & Coatings, Cosmetics, Oil & Gas, Automotive, Aerospace), Raw Material (Glass, Ceramics, Others ) Applications (Construction composites, Medical technology, Life science & biotechnology, Paints & Coatings, Cosmetics & Personal care, Oil & gas, Automotive, Aerospace, Others) – Global Trends & Forecasts to 2021.

Table of Contents 

1 Introduction
    1.1 Objectives of the Study 
    1.2 Market Definition 
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for The Study
    1.4 Currency & Pricing 
    1.5 Limitations 
    1.6 Stakeholders
 
 

2 Research Methodology
    2.1 Research Data 
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation 
           2.2.1 Bottom-Up Approach
           2.2.2 Top Down Approach
    2.3 Market Breakdown & Data Triangulation 
    2.4 Research Assumptions and Limitations 
           2.4.1 Assumptions and Limitations

3 Executive Summary

4 Premium Insights
    4.1 Significant Opportunities for Hollow Glass Microspheres Market 
    4.2 Hollow Glass Microspheres Market: Key Regions 
    4.3 Hollow Glass Microspheres Market in North America 
    4.4 Hollow Glass Microspheres Market Attractiveness 
    4.5 Hollow Glass Microspheres Market Share, By End-User Industry 
    4.6 Hollow Glass Microspheres Market: Developing Vs. Developed Nations 
    4.7 Fastest-Growing Market: By End-User Industry 
    4.8 Life Cycle Analysis, By Region 

5 Market Overview
    5.1 Introduction 
    5.2 Market Segmentation 
           5.2.1 By End-User Industry
           5.2.2 By Region
    5.3 Market Dynamics 
           5.3.1 Drivers
                    5.3.1.1 Rise in Demand from End-User Industries
                    5.3.1.2 Superior Structural Properties
                    5.3.1.3 Recyclability and Reusability
                    5.3.1.4 Increasing Concerns for Efficiency in Production
           5.3.2 Restraints
                    5.3.2.1 Volatile Raw Material Prices
                    5.3.2.2 Lack of Quality Control Over Production
                    5.3.2.3 Huge Investment in R&D
           5.3.3 Opportunities
                    5.3.3.1 Emerging Economies Creating Huge Potential
           5.3.4 Winning Imperatives
                    5.3.4.1 Focus on Product Innovation & Modification
                    5.3.4.2 Expansion Into New and Emerging Markets

6 Industry Trends
    6.1 Introduction 
    6.2 Value Chain Analysis 
           6.2.1 Raw Material
           6.2.2 Manufacturing
           6.2.3 Distribution Network
           6.2.4 End-User
    6.3 Porter’s Five Forces Analysis 
           6.3.1 Threat From New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Strategic Benchmarking 
           6.4.1 New Product Launch
           6.4.2 Expansions
           6.4.3 Supply Contract

7 Hollow Glass Microspheres Market, By End-User Industry
    7.1 Introduction 
    7.2 Market Size & Projection 
           7.2.1 Flourishing Aerospace & Defense and Automotive Industries to Drive the Demand for Hollow Glass Microspheres
    7.3 Aerospace & Defense 
    7.4 Automotive 
    7.5 Healthcare 
    7.6 Oil & Gas 
    7.7 Others 

8 Hollow Glass Microspheres Market, By Region
    8.1 Introduction 
    8.2 North America 
           8.2.1 U.S. Hollow Glass Microspheres Market
           8.2.2 Canada Hollow Glass Microspheres Market
    8.3 Europe 
           8.3.1 Germany Hollow Glass Microspheres Market, By Application
    8.4 Asia-Pacific 
           8.4.1 China Hollow Glass Microspheres Market
    8.5 Middle East & Africa 
    8.6 Latin America 

9 Competitive Landscape
    9.1 Overview 
           9.1.1 New Product Launch: the Most Popular Growth Strategy
    9.2 Maximum Developments in 2012 
    9.3 3m Company: The Topmost Player 
    9.4 Competitive Situation & Trends 
           9.4.1 New Product Launches
           9.4.2 Expansions
           9.4.3 Supply Contracts
           9.4.4 Acquisitions

10 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
     10.1 3m Company 
     10.2 Trelleborg Ab 
     10.3 Potters Industries Llc 
     10.4 Sinosteel Maanshan New Material Technology Co., Ltd. 
     10.5 Mo-Sci Corporation 
     10.6 Cospheric Llc 
     10.7 Dennert Poraver Gmbh 
     10.8 Polysciences, Inc. 
     10.9 Cenostar Corporation 
*Details On Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

11 Appendix
     11.1 Discussion Guide 
     11.2 Introducing Rt: Real Time Market Intelligence 
     11.3 Available Customizations 
     11.4 Related Reports 

List of Tables  
 
Table 1 Hollow Glass Microspheres: Properties and Advantages
Table 2 Top 10 Largest Economies, By Gdp in Ppp Terms, 2016 & 2021
Table 3 Hollow Glass Microspheres: Industry-Wise Applications
Table 4 Hollow Glass Microspheres Market Size, By End-User Industry, 2014–2021 (USD Mn) 
Table 5 Hollow Glass Microspheres Market in Aerospace & Defense Industry, By Region, 2014–2021 (USD Mn) 
Table 6 Hollow Glass Microspheres Market in Automotive Industry, By Region, 2014–2021 (USD Mn)
Table 7 Hollow Glass Microspheres Market in Healthcare Industry, By Region, 2014–2021 (USD Mn)
Table 8 Hollow Glass Microspheres Market in Oil & Gas Industry, By Region, 2014–2021 (USD Mn) 
Table 9 Hollow Glass Microspheres Market in Others Industry, By Region, 2014–2021 (USD Mn) 
Table 10 Hollow Glass Microspheres Global Market Size, By Region, 2014–2021 (USD Mn) 
Table 11 North America: Hollow Glass Microspheres Market Size, By Region, 2014–2021 (USD Mn) 
Table 12 Europe: Hollow Glass Microspheres Market Size, By Region, 2014–2021 (USD Mn) 
Table 13 Asia-Pacific: Hollow Glass Microspheres Market Size, By Region, 2014–2021 (USD Mn) 
Table 14 Middle East & Africa: Hollow Glass Microspheres Market Size, By Region, 2014–2021 (USD Mn)
Table 15 Latin America: Hollow Glass Microspheres Market Size, By Country, 2014–2021 (USD Mn) 
Table 16 New Product Launches, 2011–2015
Table 17 Expansions, 2011–2015
Table 18 Supply Contracts, 2011–2015
Table 19 Acquisitions, 2011–2015
Table 20 3m Company: Products and Their Description
Table 21 Trelleborg Ab: Products and Their Description
Table 22 Potters Industries Llc: Products and Their Description
Table 23 Sinosteel Maanshan New Material Technology Co., Ltd.: Products and Their Description
Table 24 Mo-Sci Corporation: Products and Their Description
Table 25 Cospheric Llc: Products and Their Description
Table 26 Dennert Poraver Gmbh: Products and Their Description
Table 27 Polysciences, Inc.: Products and Their Description
Table 28 Cenostar Corporation: Products and Their Description
 
 
 
List of Figures 
 
Figure 1 Hollow Glass Microspheres: Market Segmentation
Figure 2 Hollow Glass Microspheres Market, Research Design
Figure 3 Key Data From Secondary Sources
Figure 4 Key Data From Primary Sources
Figure 5 Key Industry Insights
Figure 6 Breakdown of Primary Interviews, By Company Type, Designation, and Region 
Figure 7 Market Size Estimation: Bottom-Up Approach
Figure 8 Market Size Estimation: Top-Down Approach
Figure 9 Hollow Glass Microspheres Market: Data Triangulation
Figure 10 Aerospace & Defense Segment to Dominate the Hollow Glass Microspheres Market, 2016–2021
Figure 11 North America and Asia-Pacific to Register High Cagr Between 2016 and 2021 
Figure 12 High Growth in the Hollow Glass Microspheres Market Between 2016 and 2021 
Figure 13 North America is Expected to Be the Key Market for Hollow Glass Microspheres Between 2016 and 2021
Figure 14 U.S. Accounted for the Largest Share in North America in 2015
Figure 15 Growing Demand From End-User Industries in Emerging Regions to Boost the Demand for Hollow Glass Microspheres Between 2016 and 2021
Figure 16 Aerospace & Defense to Dominate the Hollow Glass Microspheres Market in 2016
Figure 17 U.S. and China to Emerge as the Lucrative Markets Between 2016 and 2021
Figure 18 Hollow Glass Microspheres has High Growth Potential in Aerospace & Defense and Automotive Industry
Figure 19 Asia-Pacific to Experience High Growth During the Forecast Period for Hollow Glass Microspheres Market
Figure 20 Hollow Glass Microspheres, Market Segmentation
Figure 21 Overview of the Forces Governing the Hollow Glass Microspheres Market
Figure 22 Value Chain Analysis for Hollow Glass Microspheres: Raw Material Accounts for Major Value Addition
Figure 23 Porter’s Five Forces Analysis
Figure 24 3m Company Introduced A New Product With Lower Density and High Strength
Figure 25 3m Company Focused On Expansions to Capture Market Share
Figure 26 Trelleborg Ab Improved Its Future Planning and Standardized Procedures Through Supply Contracts
Figure 27 Aerospace & Defense Industry to Witness Highest Demand Between 2016 and 2021 
Figure 28 North America to Drive the Demand of Hollow Glass Microspheres in Aerospace & Defense Industry Between 2016 and 2021
Figure 29 Developed Economies Driving the Hollow Glass Microspheres Demand in Automotive Industry
Figure 30 Increasing Applications in Healthcare Industry Are Driving the Hollow Glass Microspheres Market
Figure 31 Emerging Economies Are Driving the Asia-Pacific Hollow Glass Microspheres Market
Figure 32 Emerging Economies Driving the Asia-Pacific Market for Rising Others Segment
Figure 33 Regional Snapshot (2016–2021): Mexico and Japan Are Emerging as the New Strategic Locations
Figure 34 North America Snapshot: Hollow Glass Microspheres Market (2016–2021)
Figure 35 Europe Snapshot: Hollow Glass Microspheres Market (2016–2021)
Figure 36 Asia-Pacific Snapshot: Hollow Glass Microspheres Market (2016–2021)
Figure 37 Companies Primarily Adopted Organic Growth Strategies Between 2011 and 2015 
Figure 38 Key Growth Strategies in the Hollow Glass Microspheres Market, 2011–2015 
Figure 39 Hollow Glass Microspheres Market Development Share, 2011–2015
Figure 40 Hollow Glass Microspheres Market: Growth Strategies, By Company, 2010–2015
Figure 41 3m Company: Company Snapshot
Figure 42 3m Company: Swot Analysis
Figure 43 Trelleborg Ab: Company Snapshot
Figure 44 Trelleborg Ab: Swot Analysi

The global hollow glass microspheres market is estimated to be valued at USD 245.6 million in 2016, and is projected to reach USD 352.8 million by 2021, at a CAGR of 7.5% from 2016 to 2021. The increasing demand from end-user industries, such as aerospace & defense, automotive, healthcare, and others, as well as the absence of substitutes are expected to drive the global hollow glass microspheres market during the forecast period. However, factors such as volatility in raw material prices and lack of quality control over production, are expected to restrain the growth of hollow glass microspheres market.

Aerospace & defense, automotive, healthcare, and oil & gas are the major end-user industries for hollow glass microspheres market. Aerospace & defense contributed the largest market share of 36.6% in 2015. Hollow glass microspheres are widely used in aerospace & defense industry, owing to their properties, such as high temperature resistance, good density, clean surface chemistry, and low thermal conductivity. This segment is expected to grow at the highest CAGR of 8.7% during the forecast period.

The North American region dominated the global hollow glass microspheres market in 2015 owing to the presence of key players in this region. Product innovation, in terms of quality and application development, is also expected to trigger the growth of hollow glass microspheres market in this region. The market in North America is highly regulated by several associations, such as The American Glass Beads Manufacturers Associations, United States Department of Energy, and American Institute of Physicists, which play a key role in the monitoring and commercialization of hollow glass microsphere products.

3M Company (U.S.) is a leading player in the hollow glass microspheres market. The company has expanded to different geographic locations globally. It has also launched various new products to meet the increasing demand for lightweight products. 3M Company has also made acquisitions to cut down its overall production cost and increase its revenue and efficiency. The company is also focusing on increasing its capacity to meet the growing demand from end-user industries. Trelleborg AB is another key player in the hollow glass microspheres market, in terms of new product launch.

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