PMMA Microspheres Market by Application (Light Diffusing Agent, Matting Agent, Cosmetic Additive, Ceramic Porogen, Modified Plastic Additive Inks Additive, and Others), End-user Industry (Life Sciences and Medical, Personal Care and Cosmetics, Electronics, Paints and Coatings, Plastics, Ceramics and Composites, and Others): Global Market Size Estimates and Forecast (2022–2030)

The market crossed US$ 315.2 million mark in 2022 and is expected to hit US$ 510.6 million by 2030, recording a CAGR of 6.2% during the forecast period.

PMMA Microspheres market has been significantly growing with the rising demand from health industry.

Microspheres are small spherical particles usually used to modify the properties of the materials like polymers, glass ceramic, fly ash, and metallic. When added as fillers or additives, they impart a blend of their physical and chemical properties, resulting in an improvised version of the material. One of the major drivers for the PMMA microspheres market is growth of end-use industries. PMMA microspheres are widely used in various end-use industries such as cosmetics, medical, displays, and paints & coatings. One of the major applications of the PMMA microspheres is the medical industry. There is an increasing demand for PMMA microspheres for medical applications due to the increased spending in the healthcare sector by governments of various countries.

Within the report, the market is segmented into application, end-user industry and geography. By application, the market is further divided into light diffusing agent, matting agent, cosmetic additive, ceramic porogen, modified plastic additive inks additive, and others. On the basis of end-user industry, the market is segmented into life sciences and medical, personal care and cosmetics, electronics, paints and coatings, plastics, ceramics and composites, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rise in PMMA Microspheres demand in the cosmetic manufacturing.

PMMA microspheres are used in cosmetics and toiletries as cosmetic ingredients. They are injected into the skin to permanently minimize wrinkles or scars and increase light-scattering qualities. Hence, expansion in the cosmetics sector is projected to fuel the demand for PMMA microspheres during the forecast period.

Rise in application of PMMA microspheres in various industries.

The increasing investments in research and development of PMMA microspheres and their uses have led to many of its applications in the automotive, electronics, and healthcare industries. The smooth & microscopic structure with biocompatible properties makes PMMA microspheres an ideal substance to aid in the repair and restoration of human collagen, which is utilized in cosmetic surgeries. The dimensional integrity of PMMA microspheres is being used in orthopedics in the form of bone cement. Optical clarity provided by PMMA microspheres facilitates its extensive use in LEDs. The growing demand for electronics, such as flatscreens and smartphones, will drive the market for PMMA microspheres.

Recent strategic developments in PMMA microspheres market

The PMMA microspheres market has undergone several significant developments, and a few of these have been mentioned below:

• 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.
• In December 2020, Trinseo acquired Arkema’s PMMA business which is expected to help the company enhance the sales of engineered materials segment.

The PMMA microspheres market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Matsumoto Yushi-Seiyaku Co., Ltd., Cospheric LLC, Microbeads AS, Nippon Shokubai Co. Ltd and Imperial Microspheres are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• PMMA microspheres manufacturers
• PMMA microspheres-related associations, organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• PMMA microspheres suppliers
• PMMA microspheres distributors and sales firms
• End users of PMMA microspheres
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

• Application:
  • Light Diffusing Agent
  • Matting Agent
  • Cosmetic Additive
  • Ceramic Porogen
  • Modified Plastic Additive Inks Additive
  • Others
• End-user Industry:
  • Life Sciences and Medical
  • Personal Care and Cosmetics
  • Electronics
  • Paints and Coatings
  • Plastics
  • Ceramics and Composites
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Matsumoto Yushi-Seiyaku Co., Ltd.
  • Cospheric LLC
  • Microbeads AS
  • Nippon Shokubai Co. Ltd
  • Imperial Microspheres