Global Polyurethane (PU) Microspheres Market, By Application (Encapsulation, Coatings, Adhesives, Cosmetics, Other) – Industry Trends and Forecast to 2029
Polyurethane (PU) Microspheres Market Analysis and Size
Now-a-days, polyurethane (PU) microsphere are one of the most versatile polymer compounds. The major trend witnessed in the polyurethane microspheres market is the backward integration by the major market players which has employed in encapsulation industry. The market players are now integrating polyurethane microspheres in encapsulation and manufacturing operations to develop in-house products. The encapsulation is the highest growing application segment due to its huge consumption from several end user industries such as paints and coatings, pharmaceutical, and agro chemical industries overall forecast period. The growing application as an encapsulating agent in several application industries such as paints and coatings, pharmaceutical, and agrochemical is expected to major driving factor for the growth of the polyurethane (PU) microsphere market over the forecast period.
Data Bridge Market Research analyses that the polyurethane (PU) microspheres market is expected to undergo a CAGR of 7.50% during the forecast period. This indicates that the market value, which was USD 79.98 million in 2021, would rocket up to USD 142.64 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyurethane (PU) Microspheres Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Encapsulation, Coatings, Adhesives, Cosmetics, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Sanyo chemical industries Ltd. (Japan), Supercolori S.p.A. (Italy), Kolon Industry Inc. (South Korea), Bayer AG (Germany), Heyo Enterprise Co. Ltd. (Taiwan), Chase Corp (U.S.), BASF SE (Germany), SABIC (Saudi Arabia), 3M (U.S.), Asahi Kasei Chemicals Corporation (Japan), Solvay (Belgium), Sumitomo Chemical Co., Ltd (Japan), LyondellBasell Industries Holdings BV (Netherlands), Momentive (U.S.), Mitsubishi Chemical Corporation (Japan), Polyplastics Co. Ltd. (Japan)
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Market Opportunities
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Market Definition
Microspheres are small spherical particles which are produced from natural or synthetic materials. Polyurethane (PU) microsphere exhibit several advantageous features such as uniform film and coating thickness, narrow particle distribution, lower incidence of edge defects, and smooth aesthetic appearance in products.
Polyurethane (PU) Microspheres Market Dynamics
Drivers
- Growing demand for encapsulation in drug delivery and crop protection
The growing usage of polyurethane (PU) microspheres as an encapsulating agent in several application industries is expected to a major driving factor for the growth of the polyurethane (PU) microspheres market over the forecast period. The immensely growing demand for an encapsulant in crop protection and drug delivery has led to high demand for polyurethane (PU) microspheres in the pharmaceuticals and agrochemicals industry. Controlled chemical release of disinfectants, biocides and pesticides from encapsulation, resulting in effective delivery which is anticipated to supplement demand of polyurethane (PU) microspheres in these industries.
- Increasing demand of polyurethane (PU) microspheres in power plants
Polyurethane (PU) microspheres are spherical materials such as glass and ceramics that are commercially available in the market. These are used in several industrial applications because of their remarkable density, rigidity and durability. These polyurethane (PU) microspheres materials are extremely versatile for conventional power plants due to their standard coating and superior surface finishing methods.
Furthermore, polyurethane microspheres have become more predominant in paint and coating industry because of their better thickening properties. They also used as a matting agent, which is anticipated to increase demand for furniture and design applications which are expected to drive the growth rate of the polyurethane microspheres market.
Opportunities
- Rising demand due to wide range application of polyurethane (PU) microspheres
The wide range application of polyurethane (PU) microspheres in several industries has created beneficial opportunities for this product in other industries due to growing research investments in the product's studies. Polyurethane (PU) microspheres delivers multiple applications compared to other polymers available in the market due to its excellent chemical and physical properties.
- Technological advancement
Recent advancements in nanotechnology and micro technology have resulted in a wide range of particles with precisely regulated chemical compositions, shapes, sizes and unique features. A single-step phase separation method was used in the studies to generate a specific type of heparin-functionalized Polyurethane microsphere (Hep-PU MS).In addition to this, the Hep-PU MSs with desirable bioproperties can be easily modified so that it can adapt several biomedical applications due to the simplicity of the high hem compatibility, functionalized technique and slow-release of heparin.
Therefore, the continuing research on polyurethane (PU) microspheres and their applications in several industries are anticipated to create enormous opportunities for the growth of the polyurethane (PU) microspheres forecast period.
Restraints/Challenges
- High cost associate polyurethane (PU) microsphere
High operating costs combined with high investment in infrastructure configurations iare demeaning the market's growth, which are the major restraint for the growth of the polyurethane (PU) microspheres market.
This polyurethane (PU) microspheres market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyurethane (PU) microspheres market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Polyurethane (PU) Microspheres Market
The polyurethane (PU) microspheres market has witnessed to a slight decrease in the growth due to the outbreak of COVID-19 pandemic since the major manufacturing plants were shut down. Further numerous nations have restricted the production activities during this COVID-19 pandemic. The major lockdown lead to sudden decline of the consumers' interest in purchasing any goods and halt consumer and transportation sectors which has hindered the growth of the polyurethane (PU) microspheres market. Furthermore, due to this pandemic, many ongoing research on polyurethane (PU) microspheres was put on hold, hindering the opportunities that will create growth in the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Polyurethane (PU) Microspheres Market Scope
The polyurethane (PU) microspheres market is segmented on the basis of application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Encapsulation
- Coatings
- Adhesives
- Cosmetics
- Others
Polyurethane (PU) Microspheres Market Regional Analysis/Insights
The polyurethane (PU) microspheres market is analysed and market size insights and trends are provided by country, application as referenced above.
The countries covered in the polyurethane (PU) microspheres market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyurethane (PU) microspheres market due to rising demand for PU paints, which acts as matting agents in architecture coating and wood finishes which is anticipated to increase the demand for polyurethane (PU) microspheres in the paint & coating sector in this region.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to increase in compliance of these particles with the EU's rigorous requirements in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyurethane (PU) Microspheres Market Share Analysis
The polyurethane (PU) microspheres market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyurethane (PU) microspheres market.
Some of the major players operating in the polyurethane (PU) microspheres market are:
- Sanyo chemical industries Ltd. (Japan)
- Supercolori S.p.A. (Italy)
- Kolon Industry Inc. (South Korea)
- Bayer AG (Germany)
- Heyo Enterprise Co. Ltd. (Taiwan)
- Chase Corp (U.S.)
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- 3M (U.S.)
- Asahi Kasei Chemicals Corporation (Japan)
- Solvay (Belgium)
- Sumitomo Chemical Co., Ltd (Japan)
- LyondellBasell Industries Holdings BV (Netherlands)
- Momentive (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- Polyplastics Co. Ltd. (Japan)
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