Cenospheres Market Overview to 2023:
Cenospheres are lightweight, hollow sphere largely made up of alumina and silica, produced as a byproduct at thermal power plants. Cenospheres are rigid, hard, and waterproof materials, which pave their way into many applications. They are extensively used as fillers in the cement industry for the production of low-density concrete. The research and development activities have led to the development of lightweight composites materials with enhanced tensile strength. The advantages of cenospheres such as improved thermal insulation, weight reduction, and reduced shrinkage have replaced resins and minerals in a wide range of applications. The major end use industries are oil & gas, refractory, building & construction, automotive, and paints and coatings among others. The demand from the end use industries is a major factor driving the growth of the global cenospheres market. The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast period. Moreover, the growing energy demand has boosted the oil and gas sector, which drives the growth of the market. The global cenospheres market is a lucrative market and is expected to expand at an encouraging CAGR over the review period owing to the increasing application of cenospheres in the energy sector among others.
Among the various product type in cenospheres market, the grey cenospheres segment was the largest segment in the market in 2016 and is expected to continue the same trend during the forecast period. The growing applications of grey cenospheres in plastics, concretes, coatings, bricks, resins, and rubbers among others is substantially contributing to the growth of the segment. On the basis of the end use industry, the oil & gas was the dominant sector in 2016 and is expected to retain its dominance over the assessed period.
Get FREE Sample@ https://www.marketresearchfuture.com/sample_request/1361
Competitive Analysis
Some of the prominent players operating in the global cenospheres market are Petra India Group (India), Cenosphere India Pvt. Ltd. (India), Durgesh Merchandise Pvt. Ltd. (India), Omya AG (Switzerland), Qingdao Eastchem Inc. (China), Envirospheres (Australia), Scotash Limited (U.K.), PR Ecoenergy Pvt. Ltd. (India), Ceno Technologies (U.S.), Reslab Microfiller (Australia) AkzoNobel (Netherland), 3M Company (U.S.), Dennert Poraver GmbH (Germany), Merit Medical Systems (U.S.), and Momentive (U.S.) among others.
Market Segmentation
The global cenospheres market is segmented into product type and end use industry. On the basis of the product type, the market is segmented into gray cenospheres, white cenospheres, and others. On the basis of the end use industry, the market is further segmented into oil & gas, refractory, building & construction, automotive, paints & coatings, and others.
Regional Analysis
The global cenospheres market is spanned across five key regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific holds a considerable portion of the market and is anticipated to be the fastest growing market during the forecast period. The demand from developing end use industries in the region such as construction and automotive is expected to fuel the market growth. The key counties attributing to the growth of cenospheres in this region are China and India. North America is the dominant region in the global cenospheres market. The developed end use industries coupled with the growing adoption rate are the major factors fuelling market growth. In addition to this, the shale gas boom has surged the oil and gas related activities in the region, which, in turn, is fuelling the growth of the cenospheres market. The major countries attributing to this growth are the Canada, and the U.S. European cenospheres market is mainly driven by the developed automobile and construction. Moreover, the increasing use of cenospheres in the oil and gas sector is also impacting the market growth positively. The major countries attributing to this growth are Germany, Spain, France, and Italy among others.
Browse Report @ https://www.marketresearchfuture.com/reports/cenospheres-market-1361
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
- Cenospheres market manufacturers
- Traders and Distributors of Cenospheres market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Ask Query@ https://www.marketresearchfuture.com/enquiry/1361
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/cenospheres-market-1361