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Cenospheres Market is projected to reach USD 689.2 Million by 2022

 



(MoneyNewsWire.Net, May 09, 2018 ) The global cenospheres market was valued at USD 346.8 Million in 2016 and is projected to reach USD 689.2 Million by 2022, at a CAGR of 12.16% from 2017 to 2022. The growing demand from the oil & gas, construction, and refractory end-use industries and superior structural properties are key factors expected to drive the global cenospheres market.

Explore More Information about report @ https://www.researchcosmos.com/reports/global-cenospheres-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/3347258

The gray cenospheres segment led the market in 2016 and is expected to witness highest growth during the forecast period. The growth of this segment can be attributed to high demand from North America and Europe. The growing oil & gas and construction industries in countries, such as, China, Japan, and India is expected to further aid the growth of the segment.

Based on end-us industry, the cenospheres market has been classified into oil & gas, refractory, construction, automotive, and paints & coatings, among others. The oil & gas end-use industry led the market in 2016. Growing shale gas exploration and production activities in North America and rising production activities in the Middle East are expected to drive the demand for cenospheres in the oil & gas industry.

North America was the largest market for cenospheres, in terms of value, followed by Europe. North America is expected to be the fastest-growing market for cenospheres, owing to high demand for cenospheres from the oil & gas and automotive industries in the region.

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The cenospheres market in Asia-Pacific is expected to witness significant growth during the forecast period, due to several technological innovations and the presence of some of the key manufacturers of cenospheres in the region. The demand from emerging countries such as, China, India, and South Korea is expected to further aid the growth of the cenospheres market in the region.

Limited sources of raw material and lack of quality control across emerging countries are the key factors that may restrain the growth of the cenospheres market in the coming years. Companies operational in the market are focusing on expansion one of the major strategies to strengthen their market positions in the global cenospheres market. Some of the key manufacturers in the 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 Energy Pvt. Ltd. (India), Ceno Technologies (U.S.), and Reslab Microfiller (Australia).

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About Us:

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

Research Cosmos

Dani Rodriguez

+1 888 709 8757

dani@researchcosmos.com

Source: EmailWire.Com


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