The changing dynamics in Cenospheres Market with covid-19 impact assessment
June 09, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cenospheres Market.
It was estimated prior to this unanticipated outbreak that the Cenospheres Market was expected to grow at a CAGR of 14.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Cenospheres are alumina or silica balls mainly filled with inert gas or air. The name is derived from the two Greek words kenos and sphaira that describes the material quite well.
Cenospheres are light in weight and hollow and is produced as a result of combustion coal. These are used these days to produce concrete of low-density by using them as cement fillers.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as gray cenospheres and white cenospheres. The gray cenospheres segment swept the market in 2018, and is estimated to register a higher growth during the forecast period. The growth of this segment is driven by the high demand from North America and Europe. The growing oil & gas and construction industries in countries, such as China, Japan, and India are expected to further support the growth of the segment.
Based on the end-use industry type, the market is segmented as oil & gas, refractory, construction, automotive, and paints & coatings. The oil & gas end-use industry commanded the market in 2018, and is further estimated to maintain its dominance during the forecast period. Increasing shale gas exploration and production activities in North America and growing production activities in The Middle East are expected to bolster the demand for cenospheres in the oil & gas industry.
In terms of regions, North America is expected to be fast growing market for cenospheres, during the forecast period, driven by the high demand for cenospheres, particularly from the oil & gas and automotive industries in the region. The cenospheres market in Asia-Pacific is expected to register sizeable growth in the coming five years, owing to various technological innovations and the robust presence of some of the major manufacturers of cenospheres in the region. The demand from emerging countries, such as China, India, and South Korea is anticipated to further help the growth of the cenospheres market in the region.
Key Players:
Some of the major players in the cenospheres market are Ashtech India Pvt Ltd., American Iodine Company Inc., Cenospheres Trade & Engineering S.A., Delamin Limited, Durgesh Merchandise Pvt. Ltd., Ets Inc., Microspheres SA, Petra India Group, PR Ecoenergy Pvt. Ltd., and Omya AG.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Cenospheres Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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