New York, NY -- (SBWIRE) -- 07/21/2017 -- Cenospheres: Market Introduction
Cenospheres are lightweight and chemically inactive hollow spheres made up of alumina and silica with inert gas filling within it. Cenospheres are produced as a by-product of coal combustion during thermal processing. Cenospheres are available in a variety of sizes ranging from one micron to 500 micron with a compressive strength of more than 300 psi. The properties such as insulation, water-resistance, hardness, rigidity, etc. makes cenospheres an ideal choice for their use in various applications. Cenospheres can effectively be used as fillers in cement, metals, and polymers for making composite materials, tiles, conductive coating, fabrics, antistatic coating, paints, and electromagnetic shielding. Additionally, cenospheres have superior structural properties such as low density, high melting temperatures, reduced weight, high fluidity and good electrical characteristics which make them sustainable for a variety of applications.
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The cenospheres are formed during the combustion of coal as a result of thermochemical and phase transformation process. The chemical composition and physical characteristics of cenospehers significantly depend upon the source mineral coal and the type of furnace employed for its combustion. Though cenospheres are produced from the fly ash, however, their bulk density is lower than that of the fly ash and they are light weight. Owing to this, cenospheres are increasingly being utilized in concrete as a lightweight aggregate, workability enhancer, and also as a bulk filler. Other than concrete, the high volume to weight ratio of cenospheres enable their effective use as filler in various plastics and resins, paints, coatings, and other building products. Market players and researchers are found to have been involved in the development of cenospheres with superior characteristics that can be used in high temperature applications such as refractory, foundries, high temperature coatings, and flame-retardants. Due to their worldwide increasing use across various end-use industries, the demand for cenospheres is expected to gain traction in the near future and its market is anticipated to increase at a healthy CAGR over the forecast period of 2017 - 2027.
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Cenospheres: Market Dynamics
Growing demand of cenospheres from its end use application areas such as ceramics, plastics, construction, recreation, automotive, energy and technology is estimated to boost its demand across the world. There has been surge in infrastructure and industrial development, especially in the developing economies, facilitating the market growth of cenospheres. Also, growing adoption of efficient and environment friendly materials is one of key the factors contributing to the growth of global cenospheres market. On the regulatory front, there exists various regulations and standards over the efficient usage of fly ash, the primary source of cenospheres, which is anticipated to further drive the global market of cenospheres during the forecast period.
However, initial investment in terms of technology intensive process is anticipated to be a major challenge for the growth of global cenospheres market. Characteristically, cenospheres market is fragmented due to the presence of a large number of small players, which restricts the major players to increase their market share in the global market.
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Cenospheres: Market Segmentation
Out of the many ways by which the global cenospheres market can be segmented is based on their application.
Based on application, the global cenospheres market segments as the following:
Oil and Gas
Paint and Coatings
Cenospheres Market: Regional Outlook
North America and Europe are expected to hold significant market shares in the global cenospheres market. Owing to its wide application portfolio across different end-use industries, the cenospheres market in countries such as U.S., Germany, China, India, Japan, etc. is expected to represent positive outlook over the forecast period.
Cenospheres Market: Competitive Landscape
Examples of some of the companies identified across the value chain of global cenospheres market include CenoStar Corporation, Petra Buildcare Products, Cenosphere India Pvt. Ltd., Proec Energy Limited, Reslab Microfiller, etc.
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