The plastic, rubber and composites segment will hold a substantial share of over 18% by the end of the forecast timeframe. The product is utilized as a filler in ultra-high molecular polyethylene. It is further used as a lubricant in the manufacturing process and aids in the modification of mechanical properties of the chemical compound to improve its strength and abrasion resistance.
Furthermore, the global polyethylene segment is likely to reach high growth, ascribed to growing demand from packaged goods, as well as growing consumer lifestyles. With rising polyethylene demand, the hollow glass microspheres market segment is also anticipated to gain momentum over the coming years.