PMMA microspheres market is expected to reach USD 410
Chicago, Aug. 05, 2022 (GLOBE NEWSWIRE) — The PMMA Microspheres market size is expected to reach USD 410 million by 2026, from USD 296 million in 2021, at a CAGR of 6.7%, according to a new report by MarketsandMarkets™. Growing demand for flat panel displays and demand for plastic underbody coatings and high-end architectural coatings are expected to support the growth of the PMMA microspheres market. However, relatively higher costs and regulatory constraints on rinse-off products are restraining the growth of the market. On the other hand, the growing demand for paints and coatings has created opportunities for manufacturers.
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Sekisui Kasei Co. Ltd (Japan), Dynea AS (Norway), HEYO Enterprises Co. Ltd (Taiwan), Imperial Microspheres (USA), Cospheric LLC (USA), Microchem (Switzerland), Lab261 (USA ), Nippon Shokubai Co. Ltd (Japan), Kobo Products Inc. (USA) and Kuraray Co. Ltd (Japan), Microbeads AS (Norway), Trinseo (USA), among others, are the major players in this market.
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- The Nippon Shokubai Group has expertise in areas ranging from general chemicals to processing, transportation and trading. It offers, among others, ethylene oxide, acrylic acid, automotive catalyst and process catalyst. Nippon Shokubai is a global chemical company whose corporate mission is TechnoAmenity – To provide ease and comfort to people and society, through its unique technology. The company has a dominant market in the Asia-Pacific region.
In January 2022, Nippon Shokubai Co., Ltd. and a research group have jointly developed a coating material which is expected to add antibacterial and antiviral effects to the surfaces of various materials.
- Trinseo is a global manufacturer of plastics, latex binders and synthetic rubber. Trinseo operates through seven business segments, namely Basic Plastics, Latex Binders, Polystyrene, Synthetic Rubber, Engineering Materials, Raw Materials and American Styreins. The company has 24 manufacturing plants worldwide and three R&D sites in Europe and North America.
In December 2020, the company acquired Arkema’s polymethyl methacrylates (PMMA) business, which is expected to help it grow its engineered materials segment.
- Advent International is a global private equity investor. It offers PMMA polymers and copolymers in the DEGACRYL BEAD POLYMERS product line that is used in a variety of end markets, including paints and coatings, construction, automotive and healthcare. It has 18 production sites in Germany, North America and Asia.
In March 2019, Advent international acquired the methacrylates business of Evonik Industries AG. With 3,900 employees spread over 18 production sites, the company generates significant revenue every year.
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Microspheres Market by type (hollow, solid), raw material (glass, ceramic, fly ash, polymer, metallic), application (construction composites, medical technology, cosmetics and personal care, automotive, oil and gas) – Global forecasts to 2022