Increasing demand for lightweight filler and blowing agents from the automotive industry is propelling the market growth.

U.S. Microspheres Market Size – USD 488.0 Million in 2020, Growth - CAGR of 9.5%, Trends – High demand for plastic U.S. Microspheres.   

The Global U.S. Microspheres Market is forecast to reach USD 984.9 Million by 2028, according to a new report by Reports and Data. U.S. Microspheres are microscopic spheres containing a low boiling point liquid hydrocarbon. These microscopic spheres are comprising of a thermoplastic shell, and when heated to a subsequently high temperature, it softens the thermoplastic shell. The increasing pressure of the hydrocarbon inside the thermoplastic shell results in the microsphere to expand by 50 to 100 times. The market for U.S. Microspheres is influenced by the rising demand for lightweight vehicles and smart vehicles and development of consumer goods industries, which require U.S. Microspheres.

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Top Lading Players: AkzoNobel, Matsumoto Yushi-Seiyaku, Kureha, Sekisui Chemical, Chase Corporation, The Kish Company, Bublon GmbH, Dainichiseika Color & Chemicals, Hunan Farida Technology Co., Ltd., and Tramaco GmbH among others.

Some Key Highlights from the Report:

• The Lightweight Filler segment held a larger market share of 58.7% in the year 2020. The usage of U.S. Microspheres as lightweight filler offers benefits such as low density, flexibility, cost reduction, and smoother surface with no pinholes.
• On the basis of distribution channel, the offline segment held a larger market share of 72.1% in the year 2020. This is due to the customized availability of product in the market specific to the consumer demand.
• The automotive segment held the largest market share of 34.4% in the year 2020. This is due to the excess use of these U.S. Microspheres in weight reduction of automotive headliners, sealants, undercoating, and interior materials such as ceiling materials and door rims.
• The North America region is forecasted to grow with a CAGR of 9.9% during the forecast period. The region is anticipated to witness significant growth due to the implementation of the US EPA regulations to curb fuel emission, which in turn boosting the demand for lightweight vehicles, hence the demand for U.S. Microspheres.

Segments covered in the report:

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Lightweight Filler
• Blowing Agents

Deployment Channel Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Online
• Offline

End-Use Industries Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Automotive
• Construction
• Sports & Leisure
• Consumer Goods
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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