The Latin America glass microspheres market is majorly driven by high demand from current & emerging applications, superior structural properties, development and modernization of infrastructure. The report estimates the market size of Latin America glass microspheres market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. Latin America glass microspheres market was valued at $33.31 million in 2013 and is expected to reach $57.24 million by 2019, growing at a CAGR of 13.6% from 2014 to 2019.
Glass microspheres are generally made up of soda lime borosilicate glass and filled with inert gas or air when hollow glass microspheres are required. The report ‘Latin America glass microspheres market’ analyzes the glass microsphere market by applications for seven major applications namely construction composites, medical technology, life science & biotechnology, paints & coatings, cosmetic & personal care, oil & gas, automotive, aerospace, and others. All of these applications of glass microspheres experienced a positive growth till 2013 and are expected to continue the same in coming years. With a market value of $8.26 million, construction composites holds majority of the share in the Latin America glass microspheres market. Medical technology markets have been witnessing the maximum growth. Medical technology market was valued at $7.2 million in 2013 and is estimated to grow at a CAGR of 19.3% by 2019 for the period under consideration. Majority of the companies in the glass microspheres market have been relying on R&D to develop highly sophisticated products.
The report Latin America glass Microspheres market covers the analysis of types of glass microspheres available based that is hollow and solid. The hollow glass microspheres have low density and are mainly used to reduce the weight in composites especially in aerospace, automotive, oil, and gas, etc. Hollow glass microsphere market holds majority of the share of Latin America glass microspheres market. Solid glass microspheres market is projected to witness higher growth. It is estimated to grow at a CAGR of 14.4%.
The report covers Latin America glass microspheres market and its trends concerning with major countries, namely Brazil, Mexico, Argentina, and Others. Brazil is the dominant country for the consumption of glass microspheres in the region and is estimated to experience high growth. It is projected to grow at a CAGR of 15.5% for the forecasted period.
This report is focused on the detailed study of the Latin America glass microspheres market, based on its applications that utilized in different countries. Further, as a part of qualitative analysis, the research report provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the Latin America glass microspheres market. The report also provides an extensive competitive landscaping of companies operating in this market. Latin America glass microspheres market also includes the company profiling and competitive strategies adopted by various market players including 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC, Momentive Performance Materials Holdings LLC, Dennert Poraver GmbH, and Henkel AG & Co. KGaA.
With Market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
- Porter’s Five Force Analysis of Latin America glass Microspheres Market
- SWOT analysis of the top players in the region
- Patent Analysis
- Competitive landscape which gives a detailed comparison of portfolio of each company mapped at regional as well as country level
- Top five market strategies adopted by the major market players
- Opportunities in the Latin America glass Microspheres Market
- Scale analysis
- Comparison with respect to the global Glass Microspheres market
- New technology trends
- New product developments
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