PU Microsphere Market - Key Players, Industry Overview, Supply and Consumption Demand by 2023

The global PU microsphere market is witnessing growth, due to the increasing demand of PU microspheres for plastics coatings in automotive underbody and its application in architectural and wood coatings. Moreover, the advanced technologies for drug delivery, increasing demand for repositionable adhesives, high demand of PU microsphere for encapsulation application in crop protection are fueling the growth of the global PU microsphere market.

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PU microspheres have several advantages, such as narrow particle size distribution, better appearance and smoothness, uniform thickness of coatings and films without fat edges or defects. All these advantages of PU microsphere are attracting major players from end-use industries to utilize PU microsphere.

The growing demand in the emerging economies and increasing compliance for PU microsphere in automotive and cosmetics industries are creating ample growth opportunities for the global PU microsphere market during the forecast period. The key trend witnessed in the global PU microsphere market is the backward integration by major players in encapsulation industry.

Geographically, Europe held the largest share in the global market in 2015, owing to the high consumption of PU microsphere in architectural coatings, wood coatings, and plastic coatings. The increasing demand of PU sphere for manufacturing of the automotive interiors is driving the European PU microsphere market.

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The key players operating in the global PU microsphere market include Microchem, Supercolori S.p.A., Chase Corporation, Covestro AG, HEYO ENTERPRISES CO. LTD., and Sanyo Chemical Industries Ltd.

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