International. According to a new report, the microsphere market is projected to grow to $2.4 billion in 2013 and about $4.4 billion in 2018.
According to the study conducted by BCC Research, this segment will report a compound annual growth rate of 12.6% during the period from 2013 to 2018.
The analysis also states that technological advances are helping microspheres assume their new role as a functional additive and allowing the technology to offer benefits such as reducing costs and improving product quality. Microspheres are currently used in a wide variety of industries ranging from medical devices and coatings to syntactic foams.
