Polyurethane Microspheres Market To Reach $122.5 Million By 2030

Polyurethane Microspheres Market Growth & Trends

The global polyurethane microspheres market size is expected to reach USD 122.5 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.5% from 2024 to 2030. Increasing usage of polyurethane (PU) microspheres as encapsulants in crop protection and drug delivery system is expected to remain a key demand driver over the forecast period.

Technical feasibility problems such as poor control of drug release and inactivation of drugs during fabrication have led producers to integrate backward and manufacture microspheres on their own, meeting over half of the total demand.

Pricing of PU microspheres is largely influenced by costs associated with its synthesis from base resin. Also, additive pricing plays a major role as their composition varies according to the end-use requirements and product grades. A stable outlook for PU resin prices is likely to have a positive impact on producer’s margins and prices at the consumer level.

Encapsulation emerged as the most dominant application segment and accounted for over 45% of total market volume in 2015. Paints & coating is expected to witness the highest growth rate of 5.3% from 2016 to 2024, growth being driven by increasing use of PU based paints acting as a matting agent in wood floor furnishings and automotive coatings.

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Polyurethane Microspheres Market Report Highlights

• The encapsulation applications segment dominated the market and accounted for the largest revenue share of 48.1% in 2023 attributed to its massive consumption across a number of end-use industries today 

• The paint and coatings applications segment is anticipated to grow at a CAGR of 6.9% over the forecast period driven by increasing sustainability and environmental concerns, where these microspheres offer solutions such as reducing VOCs. 

• Asia Pacific polyurethane microspheres market dominated the global market and accounted for the largest revenue share of 40.5% in 2023.

Polyurethane Microspheres Market Segmentation

Grand View Research has segmented the global polyurethane microspheres market report based on application and region:

Polyurethane Microspheres Application Outlook (Volume, kilotons; Revenue, USD Million, 2018 - 2030)

• Encapsulation

• Paints & Coatings

• Adhesive Films

• Cosmetics

• Others

Polyurethane Microspheres Regional Outlook (Volume, kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

  • Kuwait

List Of Key Players in the Polyurethane Microspheres Market

• Covestro AG

• Microchem

• Cospheric LLC

• Chase Corp

• SANYO CHEMICAL INDUSTRIES, LTD.

• Kolon Industries, Inc.

• EPRUI Biotech Co.,Ltd.

• Advanced Polymer

• Ellsworth Adhesives