Global Cenospheres Market 2019-2023

The global cenospheres market size will grow by USD 104.13 million during 2019-2023. This report offers an analysis of the market based on type (grey cenospheres and white cenospheres) and geography (the Americas, APAC, and EMEA). The cenospheres market research report further analyzes the market’s competitive landscape and offers information on several companies including Cenosphere India Pvt. Ltd, CenoStar, LKAB, Omya AG, Petra India Group, and Qingdao Eastchem Inc.

Below are some of the key findings from this cenospheres market research report

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Global cenospheres industry overview

A wide range of end-user industries including the automotive, construction, oil and gas, and pharmaceuticals sectors are increasingly deploying cenospheres because of their effective properties. In the automotive industry, cenospheres are being used as fillers for brake linings, clutch facings, tires, dashboard, and friction linings. They also find applications in the paint and coatings industry as fillers because of their buoyancy, soundproofing, added strength, and thermal protection properties. Cenospheres are also used in oil well cementing for reducing slurry density. In the pharmaceutical industry, cenospheres are used for the development of metal matrix composites to offer high impact resistance and energy absorption. As a result of this rising application of cenospheres in different industries, the market will register a CAGR of close to 6% during the forecast period.

Moreover, technological developments in the coating industry are one of the key trends expected to gain prominence in the market. The coating industry has been witnessing the development of products with low volatile organic compounds (VOCs) or no VOC formulations. Advanced ceramic coatings containing cenospheres are increasingly being used in thermal sprayed coatings for the sports industry, biomedical, orthopedics, cancer therapy, dentistry, and bronze applications. The rising technological advancements in the coatings industry will further fuel the adoption of cenospheres in the forthcoming years.

Top cenospheres companies covered in this market research report

The cenospheres market is moderately fragmented with companies focusing on leveraging improved ash handling technologies for offering high-quality cenospheres that will cater to the evolving end-user requirements. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this cenospheres industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their market position.

The report offers a complete analysis of various companies including:

• Cenosphere India Pvt. Ltd
• CenoStar
• LKAB
• Omya AG 
• Petra India Group
• Qingdao Eastchem Inc.

Cenospheres market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies, it has been estimated that the APAC region will account for the highest cenospheres market share throughout the forecast period because of the high production and consumption of coal in the region. The region will also contribute to the fastest growth in the market because of the rising use in rapidly growing end-user industries in the emerging economies including India and China.

Cenospheres market segmentation based on type

• Gray cenospheres
• White cenospheres

The gray cenospheres market segment will account for the highest cenospheres market share because of their more frequent natural occurrence than white cenospheres. The segment will continue to account for the fastest growth as they are generally used in applications where color and resistance to higher temperatures are less important. This report provides an accurate prediction of the contribution of the various type segments to the growth of the cenospheres market size.

Key highlights of the global cenospheres market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the cenospheres market during the next five years
• Precise estimation of the global cenospheres market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cenospheres industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of cenospheres companies

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