Global Polyurethane (PU) Microspheres Market to Reach $169.5 Million by 2030
The global market for Polyurethane (PU) Microspheres estimated at US$103.5 Million in the year 2023, is expected to reach US$169.5 Million by 2030, growing at a CAGR of 7.3% over the analysis period 2023-2030. Encapsulation Application, one of the segments analyzed in the report, is expected to record a 7.9% CAGR and reach US$97.9 Million by the end of the analysis period. Growth in the Paints & Coatings Application segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $31.6 Million, While China is Forecast to Grow at 6.9% CAGR
The Polyurethane (PU) Microspheres market in the U.S. is estimated at US$31.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.3 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
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