Market Research Future published a Half Cooked Research Report on “Global Cenospheres Market Research Report – Forecast to 2021”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
AkzoNobel, 3M Company, Dennert Poraver, Merit Medical Systems, Momentive Performance Materials, Petra India Products, Omya AG, Scotash Limited, Reslab Microfiller, and Ceno Technologies among others are some of the prominent players at the forefront of competition in the Global Cenospheres Market and are profiled in MRFR Analysis.
Cenospheres Market – Overview
Cenospheres are formed in flue gases when it is in a molten state and is predominantly utilized in number of end use applications such paints, ceramics, varnish, plastics, ultra-light concrete & metal alloys, and others. Cenospheres market is estimated to witness healthy growth owing to their demand in numerous end use industries such as oil & gas, construction, and automotive. On the basis of type, gray cenospheres are estimated to be the largest market share in 2016 due to wide utilization in various application such as concrete, rubbers, bricks, plastics, and resins as they exhibit low content of alumina. In addition, among the end use industry segment oil & gas accounted for the largest market share on rising shale gas production and various onshore activities along with expansion of this industry in developing economies. Moreover, increasing building & construction activities in developed and developing countries is estimated to drive the growth of the market. Moreover, increasing passenger car sales along with rising disposable income is expected to propel the growth of the market.
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Geographically, North America emerged as the largest market for cenospheres followed by Europe and Asia Pacific. The North America cenospheres market is estimated to witness strong growth with a moderate CAGR over the forecast year due to increasing shale gas production in this region. In North America the market is further categorized into Canada and the U.S., among them the U.S. emerged as the leading regional market share of cenospheres owing to rising research and developments activities and is predicted to retain its dominance over the forecast period in the regional market growth on account of strong growth medical as well as paints & coatings sector. Asia Pacific is predicted to witness tremendous growth over the assessment period. The demand for cenospheres is expected to raise in various economies of Asia Pacific such as China, India, Japan, Taiwan, Singapore, Bangladesh, Thailand, Malaysia, Australia, and South Korea on account of rising middle class population along with shifting of production facilities for many dominant market players In Europe, cenospheres market is estimated to register above average growth due to rising awareness regarding the benefits associated with the products made from cenospheres as well as strong presence of automotive manufacturers specifically in Germany, U.K., Spain, France, Italy, and Russia. In addition, various developing countries of Latin America and the Middle East & Africa are expected to witness moderate growth in cenospheres on account of growing purchasing power and strong consumer base for cosmetic product and improved medical & healthcare sector.
Industry/ Innovation/ Related News:
January 2016– Cenospheres Trade & Engineering S.A announced to acquire the Polish Cenospheres manufacturers. This acquisition is about to acquire almost 5 thousand tons of Cenospheres. With this acquisition the company strengthen its position among the global Cenospheres manufacturers.
Competitive Landscape
The Cenospheres Market Report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The Global Cenospheres Market includes a large number of suppliers operating in the market which includes large scale and medium scale producers. The prominent players and medium level manufacturers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from China, Singapore, South Korea, Bangladesh, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. On the other hand, the key operating players of Cenospheres are following various strategic plans to improve their product portfolio by set up research and development centres across the various locations in world, strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the major manufacturers in this market are growing their production capacity of Cenospheres to meet the growing demand for Cenospheres across the globe.
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