SAN FRANCISCO, June 6, 2016 /PRNewswire/ —
The global polyurethane (PU) microspheres market is expected to reach USD 88.01 million by 2024, according to a new report by Grand View Research, Inc. Increasing usage of 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.
Browse full research report with TOC on “Polyurethane (PU) Microspheres Market Analysis By Application (Encapsulation, Paints & Coatings, Adhesive Films, Cosmetics) And Segment Forecasts To 2024“ at: http://www.grandviewresearch.com/industry-analysis/polyurethane-pu-microspheres-market
Further key findings from the report suggest:
Grand View Research has segmented the polyurethane (PU) microspheres market on the basis of application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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