On the regional front, the Europe class microsphere industry is the second-largest market for hollow glass microsphere systems, contributing to more than 25% of the overall business in 2021.
Growth of various industries, which include oil & gas and metallurgical & mining, will further boost the hollow glass microspheres' market share as these industries have been increasingly shifting toward hollow microspheres and lightweight materials, which provide numerous advantages in comparison to other traditionally used fillers.
Strict government regulation concerning greenhouse gas emissions from buildings will further drive the product demand.