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.

Seattle, WA -- (SBWire) -- 05/04/2017 --The report "Cenospheres Market by Type (Gray Cenosphere, White Cenosphere), End-use Industry (Refractory, Construction, Oil & Gas, Automotive, Paints & Coatings), and Region - Global Forecasts to 2022", 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.

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The growing demand for cenospheres from industries, such as oil & gas, construction, and automotive and superior structural properties of cenospheres are the key factors expected to drive the growth of the market in near future.

Gray cenospheres was the largest segment of the cenospheres market in 2016

Based on type, the global cenospheres market has been segmented into gray cenospheres and white cenospheres. Gray cenospheres was the largest segment of the market in 2016 and is expected to be the fastest-growing segment during the forecast period. Gray cenospheres occur more frequently than white cenospheres in fly ash. These cenospheres have low content of alumina and high content of silica and iron. Gray cenospheres are used in various applications, such as concretes, plastics, resins, coatings, bricks, and rubbers.

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Growing demand from the oil & gas industry is projected to boost the cenospheres market

The major end-use industries of cenospheres are oil & gas, refractory, construction, automotive, and paints & coatings, among others. Oil & gas is expected to be the fastest-growing end-use industry segment of the market, owing to rising demand from the industry in North America and the Middle East is projected to drive the growth of the oil & gas segment.

North America is projected to be the fastest-growing market for cenospheres in the coming years

Based on region, the global cenospheres market has been segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America was the largest cenospheres market in 2016, followed by Europe, in terms of value. Growing end-use industries, such as, oil & gas and automotive is expected to drive the demand for cenospheres in North American.

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Major players in the market include 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 Ecoenergy Pvt. Ltd. (India), Ceno Technologies (U.S.), and Reslab Microfiller (Australia).

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