19 December 2019
The Cenospheres Market Report 2020-2030: Forecasts by Type (Gray Cenosphere, White Cenosphere), By Application (Paints & Coatings, Refractory, Construction, Automotive Industry, Others), by Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) and analysis of leading companies operating in this industry. The Global Cenospheres Market is expected to reach more than USD 200 million by 2030.
Because of their effective properties, a wide range of end-user industries, including the automotive, construction, oil and gas, and pharmaceutical industries are increasingly deploying cenosphere. Regarding brake linings, clutch facings, tyres, dashboards, and friction linings, cenospheres are used as fillers in the automotive industry. Thanks to their buoyancy, soundproofing, added strength and thermal protection properties, they often find uses in the paint and coatings industry as fillers.
Cenospheres are also used to decrease slurry density in oil well cementing. Cenospheres are used for the development of metal matrix composites in the pharmaceutical industry to deliver high impact resistance and energy absorption. The demand would experience a CAGR of approximately 6 percent during the forecast period as a consequence of this growing use of cenospheres in different industries.
In addition, one of the key trends expected to gain prominence in the market is the technological developments in the coating industry. The coating industry witnessed the development of low-volatile organic compounds (VOCs) products or no formulations of VOCs. Advanced ceramic coatings containing cenospheres are increasingly used in sports, biomedical, orthopedic, cancer therapy, dentistry, and bronze applications for thermal sprayed coatings. Increasing technological advances in the coatings industry will continue to fuel cenospheric growth in the coming years.
The cenospheres industry is slightly competitive with companies focused on exploiting advanced ash handling technology to provide high-quality cenospheres that satisfy the changing requirements of end-users. The cenospheres business research study would help clients identify new growth opportunities and devise novel approaches to improve their market position by offering a comprehensive analysis of the competitive landscape of the sector and data on the products offered by businesses.
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