According to a market report by Lucintel, the future of the cenospheres market looks promising with opportunities in the building & construction, oil & gas, automotive, paint & coating, and refractory industries. The cenospheres market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth driver for this market is increasing demand for cenospheres due to reduced shrinkage, improved level of thermal insulation, weight reduction, and fire resistant properties from various the end use industries.
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In this market, grey cenospheres and white cenosphere are the major color type used in the cenospheres market. Grey cenospheres is the largest segment of the cenosphere market.
Within the cenospheres market, oil & gas, refractory, building & construction, automotive, and paints & coatings are the major end use industries. Oil & gas is the largest end use industry for cenospheres.
North America is likely to remain the largest region over the forecast period due to the growing oil & gas and automotive industries.
Petra India Group, Cenosphere India Pvt. Ltd., Durgesh Merchandise Pvt. Ltd., Omya AG, Qingdao Eastchem Inc., Envirospheres, PR Ecoenergy Pvt. Ltd., Ceno Technologies, Reslab Microfiller, 3M Company, Dennert Poraver GmbH, and Momentive are among the major manufacturers of cenospheres.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cenospheres market by color type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Cenospheres Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cenosphere market by color type, end use industry, and region as follows:
By Color Type [$M shipment analysis for 2013 – 2024]:
Grey Cenosphere
White Cenosphere
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Oil & gas
Refractory
Building & construction
Automotive
Paints & coatings
others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
Spain
France
United Kingdom
Russia
Asia Pacific
China
Japan
India
South Korea
Thailand
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cenospheres-market.aspx or helpdesk@lucintel.com.
About Lucintel
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