Global Microspheres Market to Reach $5.2 billion by 2018
The increasing demand for efficiency and materials with superior structural properties are expected to drive the global microspheres market to $5.2 billion by 2018, according to a new report from Research and Markets. “Microspheres Market by Type, Application & Raw Material—Global Trends & Forecasts to 2018” identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives to provide an examination of the market to 2018.
Factors driving growth in the global microspheres market include high demand from current and emerging applications, superior structural properties, recyclable and reusable, development and modernization of infrastructure, and increased demand for efficiency. The factors reportedly hindering the growth of this market are the fluctuating cost of raw materials, lack of quality control across developing countries, and huge investment in R&D.