The Global Hollow Polymer Particles (HPPs) Market was valued at US$ 9.3 Million in 2025 and is projected to reach US$ 14.8 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2025–2034). This robust growth is being driven by increasing demand from the electronics sector for miniaturization and thermal management, the expansion of high-performance paints and coatings, and the accelerating adoption of lightweight materials across various industries.

As industries worldwide push for greater efficiency and performance, the spotlight is on the key material innovators who are driving advancements in functional additives. In this blog, we profile the Top 10 Companies in the Hollow Polymer Particles (HPPs) Industry—a mix of chemical specialists, material scientists, and application pioneers shaping the future of advanced materials.

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🔟 1. Sekisui Kasei Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: SHP (Super Hollow Polymer) Series, Advanced Microsphere Technologies

Sekisui Kasei is a global leader and pioneer in hollow polymer particle technology. The company’s proprietary SHP series offers exceptional properties like low dielectric constant, thermal insulation, and weight reduction, making them critical for high-end electronics and automotive applications.

Innovation Initiatives:

• Development of ultra-low dielectric constant HPPs for next-generation semiconductors

• Expansion of environmentally friendly HPPs for sustainable coatings

• Strategic R&D partnerships with global electronics and automotive manufacturers

Download FREE Sample Report:
Hollow Polymer Particles (HPPs) Market – View in Detailed Research Report

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9️⃣ 2. Polysciences, Inc.

Headquarters: Warrington, Pennsylvania, USA
Key Offering: Polybead® Microspheres, Custom HPP Formulations

Polysciences is a leading supplier of specialty chemicals and particles for research and industrial applications. The company offers a wide range of monodisperse hollow polymer particles tailored for specific density, refractive index, and surface functionality requirements.

Innovation Initiatives:

• Custom synthesis services for specialized HPP applications

• Focus on biocompatible HPPs for medical and diagnostic applications

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8️⃣ 3. Matsumoto Yushi-Seiyaku Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Expancel® Microspheres, Thermally Expandable Polymers

Matsumoto Yushi-Seiyaku, through its global brand Expancel, is a major player in expandable microspheres. These unique HPPs expand when heated, providing density reduction, surface control, and sealing properties across numerous industries.

Innovation Initiatives:

• Leading supplier of expandable microspheres for lightweight automotive parts

• Development of HPPs for printing inks and textile coatings

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7️⃣ 4. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty Polymer Particles, High-Performance Materials

Kureha Corporation is a diversified chemical company with expertise in functional polymer materials. The company develops advanced hollow polymer particles for electronic materials, battery components, and specialty plastics requiring specific thermal or electrical properties.

Innovation Initiatives:

• HPPs for lithium-ion battery separator coatings

• High-purity polymer particles for semiconductor packaging

Download FREE Sample Report:
Hollow Polymer Particles (HPPs) Market – View in Detailed Research Report

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6️⃣ 5. PX Group (Switzerland) AG

Headquarters: Zug, Switzerland
Key Offering: Sunsphere Hollow Particles, Performance Additives

PX Group specializes in hollow plastic particles used as functional additives in coatings, plastics, and personal care products. Their Sunsphere particles provide opacity, matting effects, and spacing functionality while reducing weight and material usage.

Innovation Initiatives:

• Sustainable HPP solutions with reduced environmental impact

• Development of particles for UV-curable coatings

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5️⃣ 6. Chongqing Zaisheng Technology Co., Ltd.

Headquarters: Chongqing, China
Key Offering: ZS-HPP Series, Custom Hollow Microspheres

Chongqing Zaisheng Technology is a leading Chinese manufacturer of hollow polymer particles, serving both domestic and international markets. The company focuses on cost-effective HPP solutions for construction materials, coatings, and industrial applications.

Innovation Initiatives:

• Expansion of production capacity to meet growing Asian demand

• Development of HPPs for thermal insulation coatings

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4️⃣ 7. Indo Phil Textile Mills, Inc.

Headquarters: Makati, Philippines
Key Offering: EPS Beads, Expandable Polymer Particles

While primarily known for expandable polystyrene (EPS) beads, Indo Phil has developed capabilities in hollow polymer particle technology for various applications, including lightweight composites and packaging materials in the Southeast Asian market.

Innovation Initiatives:

• Application development for construction and marine industries

• Focus on recycled-content HPP formulations

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3️⃣ 8. Sinopec Group (China Petroleum & Chemical Corporation)

Headquarters: Beijing, China
Key Offering: Petrochemical-based HPPs, Polymer Additives

As one of the world’s largest integrated energy and chemical companies, Sinopec has significant R&D capabilities in advanced polymer materials. The company produces hollow polymer particles for specialized applications in coatings, adhesives, and engineering plastics.

Innovation Initiatives:

• Integration of HPP production with petrochemical feedstocks

• Development of HPPs for oil and gas industry applications

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2️⃣ 9. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Specialty Coatings, Performance Additives

AkzoNobel, a global paints and coatings leader, develops and utilizes hollow polymer particles in its formulation technologies. The company’s expertise in incorporating HPPs enables advanced coating properties like thermal insulation, opacity, and reduced density.

Innovation Initiatives:

• HPP-enhanced coatings for architectural and industrial applications

• Sustainable coating technologies incorporating hollow particle additives

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Expanded Microspheres, Polymer Additives

BASF, one of the world’s largest chemical producers, offers expandable microsphere technologies that function as hollow polymer particles when expanded. These materials find applications in lightweight composites, automotive parts, and construction materials.

Innovation Initiatives:

• Development of HPPs for sustainable construction materials

• Advanced R&D in multifunctional hollow particle systems

Read Full Report:
Hollow Polymer Particles (HPPs) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Hollow Polymer Particles Is Smarter and More Functional

The hollow polymer particles market is undergoing a significant transformation. While traditional applications in paints and coatings continue to dominate, the industry is increasingly focused on developing multifunctional HPPs with tailored properties for high-tech applications.

📈 Key Trends Shaping the Market:

• Increasing demand for low-dielectric constant materials in 5G and advanced semiconductor packaging

• Growth in lightweight composites for automotive and aerospace industries

• Expansion of smart coatings with thermal and acoustic insulation properties

• Development of sustainable and bio-based hollow polymer particles

Read Full Report:
Hollow Polymer Particles (HPPs) Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they’re enabling the next generation of technological innovation across multiple industries.