Expandable Microspheres Market Size

Expandable Microspheres Market size was valued at USD 6.8 billion in 2023 and is poised to grow from USD 7.43 billion in 2024 to USD 15.01 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).

Global expandable microsphere market is highly competitive and is fragmented. Major key manufacturers include- DiaSorin, AkzoNobel, Bublon GmbH, Chase Corp. Larger companies are acquiring smaller companies to increase their market share and have an edge over the other companies. DiaSorin acquired luminex to expand their business operation. Other companies are applying organic growth strategies such as new product launches, etc. to acquire a large market share. 'AkzoNobel N.V. (Netherlands) ', '3M (USA) ', 'Sekisui Chemical Co., Ltd. (Japan) ', 'Nouryon (Netherlands) ', 'Chase Corporation (USA) ', 'Momentive Performance Materials Inc. (USA) ', 'Potters Industries LLC (USA) ', 'Trelleborg AB (Sweden) ', 'Kureha Corporation (Japan) ', 'Luminex Corporation (USA) ', 'Matsumoto Yushi-Seiyaku Co., Ltd. (Japan) ', 'Mo-Sci Corporation (USA) ', 'Bangs Laboratories, Inc. (USA) ', 'Cospheric LLC (USA) ', 'Merit Medical Systems, Inc. (USA) ', 'Sirtex Medical (Australia) ', 'Thermo Fisher Scientific Inc. (USA) ', 'The Cary Company (USA) ', 'Sigmund Lindner GmbH (Germany) ', 'SINOSTEEL MAANSHAN NEW MATERIAL TECHNOLOGY (China)'

Expandable microspheres are nowadays widely used in the medical field as it helps pharmacists to formulate the product with maximum therapeutic value and minimum or negligible range side effects. There is a growing research and development in the field of cancer medicine. The rise of cancer in various parts of the world is driving the market growth. According to a report published by the International Agency for Research on Cancer the number of cancer patients will increase at a higher rate. Countries present in the Africa region will be affected the most.

Microspheres are used as challenge particles and tracers in medical devices of different colors. Colored microspheres are used in the testing of vial and container cleaning evaluations, filtration media and systems, centrifugation and sedimentation processes, flow tracing and fluid mechanics, controlling contamination, and manufacturing of pharmaceuticals. Microspheres are nowadays widely used in medical diagnostics as reagents for these devices and tissue fillers. The use of fluorescent colored microspheres used in applications that use UV light.

Asia-pacific region holds the largest share across the globe of about 38% of the total market share. It is due to the rise in industrialization and urbanization. Due to high investment in infrastructure advancement there is an increasing demand of construction activity, and industrial activity in the region. Some of the major countries include China, India and Japan.