Leading Companies

Key players in the market are involved in various business strategies such as capacity expansion, in order to expand their product portfolio. For instance, in July 2017, AkzoNobel, a specialty chemicals provider, expanded its production capacity of Expancel expendable micropsheres at Sundsvall, Sweden. These products are used in food packaging, shoe soles, etc.

Key companies in the market are focused on various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in October 2018, Carlyle Group, a U.S.-based private equity company and GIC acquired AkzoNobel, the sociality chemicals provider. Thereafter, it was launched as Nouryon, making it global specialty chemicals provider.

Key players in the market are involved various business strategies such as partnership and agreement, in order to strengthen their market position. For instance, in June 2019, BASF SE, a German-based chemicals provider, collaborated with Sibur, a petrochemical company, develop innovative polymer solutions.

Product innovation is one of the key strategies adopted by the leading players in the microspheres material market, with BASF and Trelleborg at the forefront of innovation. BASF has developed innovative microsphere-based admixture technology for freeze-thaw durability eliminating the need for air-entrained concrete. Trelleborg has also developed Eccofloat—hollow glass microspheres to meet deep-sea buoyancy requirements for subsea applications. Some of the major companies operating in the global microspheres materials market are Trelleborg, BASF, Phosphorex, Pylote, Potters Industries LLC, 3M Company, AkzoNobel, Dennert Poraver GmbH Luminex Corporation, Chase Corporation, Expancel, Sigmund Lindner GmbH, and Momentive Performance Materials Inc.