The North American Glass Microspheres Market is expected to reach $844.0 million by 2018


Posted October 1, 2014 by sanjays9407

The North America Glass Microspheres Market report defines and segments the glass microspheres market in North America with analysis and forecast of revenue.

 
The North American Glass Microspheres Market is estimated to grow due to its growing applications in modern infrastructure for various verticals in the region. The North American Glass Microspheres market is expected to grow at a CAGR of 12.4% from 2013 to 2018.

Browse through the TOC of the North America Glass Microspheres Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the concerned market, and is supported by various tables and figures.

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Glass microspheres are spheres of glass, between 1 to 1000 micrometers in diameter, manufactured for a wide variety of uses in the research, medicine, and consumer goods industries, among others. They are used as lightweight fillers in composite materials such as syntactic foam and lightweight concrete. The basic process of manufacturing glass microspheres consists of extracting glass at high temperature from soda lime borosilicate and then milling it to fine particle size, following which the fine powder is mixed with trace amounts of sulfur containing compounds such as sodium sulfate. Further, this mixture is run through a high temperature heat transfer process, during which there is reduction in viscosity of glass as well as surface tension, thereby causing these particles to form spheres.

The North American region is the largest market for glass microspheres, globally. The countries included in the North American region are the U.S., Canada, and Mexico. The construction of infrastructure and expansion of banking services are characteristic to these nations. The major factors driving the growth of the North American glass microspheres market include high demand from current & emerging applications such as smart drug delivery and information storage, superior structural properties, recyclable & reusable properties, modernization of infrastructure in the region, and increased demand for efficiency, among others. Furthermore, the region is known for its technological development and product innovations, which are motivating manufacturers to produce high-class products.

The report covers the North American glass microspheres market, which is segmented on the basis of application and geography. In the North American region, glass microspheres are applied in various industry verticals, such as aerospace & defense materials, automotive materials, biomaterials, biotechnology, building & construction, coating additives, cosmetics, and oil & gas consumables, among others.

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Last Updated October 1, 2014