[136 Pages Report] MarketsandMarkets forecasts the Cenospheres Market to grow from USD 388.3 million in 2017 to USD 689.2 million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. The growing demand from major end-use industries such as paints & coatings, refractory, construction, and oil & gas is expected to drive the market in the future. Limited source of raw material and lack of quality control across developing countries are the major restraints to the market.

By end use industry, household and personal care segment accounts for the largest market of Cenospheres market

By end use industry, the oil & gas segment is expected to lead the market during the forecast period. The growing shale gas exploration and production activities in the North American region, and rising production activities in the Middle East is expected to drive the demand of cenospheres in oil & gas industry.

By type, gray cenosphere type to record the highest CAGR during the forecast period

By product type, the grey cenosphere type of the cenospheres market is projected to grow at the highest during the forecast period, in terms of value. 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.

North America to grow at the highest CAGR during the forecast period.

North America is projected to be the fastest-growing cenospheres market during the forecast period, due to the growing oil & gas and automotive industries in the region. The market in Middle East & Africa, Asia-Pacific, and South America is also expected to witness significant growth, due to growing demand for cenospheres from the oil & gas and construction industries in these regions.

Market Dynamics

Cenospheres are lightweight fillers that provide significant cost benefits. They possess excellent structural advantages, such as reduced weight, low density, electrical characteristics, high melting temperature, and high fluidity, which make cenospheres viable for use in a variety of end-use industries such as construction, oil & gas, paints & coatings, and refractory. Cenospheres are used in these industries due to their unique combination of spherical shape, high compression, low specific gravity, good thermal &acoustical insulation properties, and inertness to acids and alkalis. Cenospheres are 75% lighter than different minerals such as clay and talc & calcium carbonate used as fillers and 30% lighter than most resins.

According to the industry experts, there would be an increase in the supply of cenospheres, mainly due to the reclamation of the stockpiled fly ash lagoons produced at coal-fired power stations in China and Malaysia. These old dumps contain fly ash along with other valuable minerals (including cenospheres) that have not been utilized by thermal power plants for years.

For instance, in 2012, RockTron (U.K.) signed a deal with Malaysian energy provider Tenaga Nasional Berhad (TNB) to reclaim high-performance fillers from the fly ash produced at coal-fired power stations and reuse these materials. There is a shift in the trend toward glass microspheres that used in the refractory industry. Few properties of glass microspheres have increased its demand in various end-use industries, therefore increasing the need to reclaim fly ash lagoons. For instance, glass microspheres are high strength, lightweight additives, which increase buoyancy and help pipelines and equipment survive as drillers.

Cenospheres are extracted from the fly ash generated as a by-product of coal combustion at thermal power plants. Earlier, fly ash was released directly into the atmosphere; however, due to pollution concerns, fly ash needs to be captured before its release. Therefore, end-use industries use fly ash in their applications, as extracting cenospheres would require further processing of the fly ash. Hence, the governments are keen on promoting fly ash over cenospheres. This has resulted in limited sources to extract cenospheres; making it difficult for manufacturers to produce cenospheres according to their requirement. Therefore, the end users are finding new alternatives to cenospheres. For instance, some construction companies have started using perlite as a substitute for cenospheres, whereas few oilfield companies are using glass bubbles instead of cenospheres.

Scope of the Report

Report Metric Details Market size available for years 2015�2022 Base year considered 2016 Forecast period 2017�2022 Forecast units Million (USD) Segments covered Type (Gray Cenospheres, White Cenospheres), End-use Industry (Oil & gas, Construction, Automotive, Refractory, Paints & coatings, Others)> Geographies covered APAC, North America, Europe, MEA, and South America Companies covered 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).

The research report categorizes the Cenospheres Market to forecast the revenues and analyze the trends in each of the following sub-segments:

Cenospheres Market, by Type:

Gray cenospheres

White cenospheres

Cenospheres Market, by End-use Industry:

Oil & gas

Construction

Automotive

Refractory

Paints & coatings

Aerospace

Syntactic Foams

Specialty Cements

Building Materials

Others

Cenospheres Market, By Region

Asia Pacific (APAC)

North America

Europe

Middle East and Africa (MEA)

South America

Key Market Players

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).

Recent Developments

In September 2011, opened a processing unit of cenospheres in Nagpur, India. This expansion helped the company to increase its production as well as optimize the cost of production.

In March 2014, announced to expand its cenosphere business by constructing a new plant. This expansion increased the company�s total cenospheres production capacity to 6,000 metric tons.

In June 2014, announced to expand its cenospheres processing capacity from 700 metric tons to 2,000 metric tons.

Critical questions the report answers:

Where will all these developments take the industry in the long term?

What are the upcoming trends for the Cenospheres market?

Which segment provides the most opportunity for growth?

Who are the leading vendors operating in this market?

What are the opportunities for new market entrants?

�To speak to our analyst for a discussion on the above findings, please fill in the required details by clicking on the Speak to Analyst tab.�