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. 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.
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 i.e., most of these companies are manufacturing PU microspheres on their own. The major reasons behind the backward integration by these companies are the feasibility issues especially in case of drug delivery. However, the high cost of PU microsphere, in comparison to other microspheres and requirement of huge capital investment for research and development are anticipated to hinder the growth of the global market to some extent during the forecast period.
Microspheres are the small spherical particles with diameter ranging from 1 μm to 1000 μm. These could be made from synthetic or natural materials. Some of the commercially available microspheres are glass microspheres, ceramic microspheres, and polymer microspheres. PU microsphere is a type of polymer microsphere and is used in obtaining uniform thickness of coatings or films without any defects. PU microspheres find applications in paints and coatings, encapsulation, adhesives, agrochemicals, drugs, curing agents and others.
News courtesy: P&S Market Research