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Cenospheres Market worth 572.0 Million USD by 2020
The report "Cenospheres Market by Type (Grey and White), and by End-use Industry (Refractory, Construction, Oil & Gas, Automotive, Paints & Coatings, and Others) - Global Trends & Forecasts to 2020", The market size of cenospheres was worth USD 292.3 Million in 2014 and is projected to reach USD 572.0 Million by 2020, at a CAGR of 12.3% between 2015 and 2020. The market is expected to be driven by the excellent properties of cenospheres and its rapidly increasing demand in the current end-use industries.
Browse 64 market tables and 62 figures spread through 127 pages and in-depth TOC on "Cenospheres Market by Type (Grey and White), and by End-use Industry (Refractory, Construction, Oil & Gas, Automotive, Paints & Coatings, and Others) - Global Trends & Forecasts to 2020"
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Grey cenospheres captures the maximum share: The superior structural properties of cenospheres such as reduced weight, low density, electrical characteristics, high melting temperature, and high fluidity, which make cenospheres viable for use in a variety of applications, is supporting the growth of the global cenospheres market. The market for cenospheres is segmented by types, namely, grey and white cenospheres. In 2015, grey cenospheres captured maximum share of the total market and will also experience high growth rate in the next five years.
Growing demand from current end-use industries: The market for cenospheres is also segmented on the basis of end-use industries. The major end-use industries of the cenospheres market are refractory, construction, oil & gas, automotive, paints & coatings, and others. Cenospheres are excellent lightweight filler for plastics and continue to grow in popularity and use. Not only do they reduce the cost of the composite but cenospheres often impart performance improvements that might otherwise not have been achieved. Oil & gas is the leading end-use industry of the cenospheres market due to the rising oil exploration and production activities around the globe.
North America-The largest market: The market for cenospheres is broadly segmented into six regions, namely, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. North America and Europe are the largest markets for cenospheres, in terms of value. The rising demand from end-use industries, such as automotive and oil & gas, is driving the market for cenospheres in these regions.
Currently, the global cenospheres market is dominated by various market players such as Petra India Products (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 Energy Pvt. Ltd. (India), Ceno Technologies (U.S.), and Reslab Microfiller (Australia).
The research study is aimed at identifying emerging trends and opportunities in the global cenospheres market along with a detailed classification of the market, in terms of value as well as volume. It provides a comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global cenospheres market on the basis of end-use industry, type, and region.
Apart from the market segmentation, this report also adopts the Porter’s five forces analysis for an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics such as drivers, restraints, and opportunities in the global cenospheres market.
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