The North America Cenosphere Market is Projected to Reach USD 306.3 Million by 2021 From USD 120.5 Million in 2015, at a CAGR of Nearly 16.7%

Apr 15, 2016, 13:00 ET from MicroMarket Monitor

PUNE, India, April 15, 2016 /PRNewswire/ --

According to the new Market Research Report "North America Cenosphere Market: By Applications (Paints & Coatings, Automotive, Oil & Gas, Construction, Refractory and Others); By Country (U.S., Canada, and Rest of North America) - Forecasts till 2021", the North America Cenosphere market in terms of value is projected to reach USD 306.3 million by 2021 from USD 120.5 million in 2015, at a CAGR of nearly 16.7% from 2016 to 2021.

Browse 25 market data Tables and 26 Figures in the report and elaborate TOC of North America Cenosphere Market for an in-depth analysis of the industry trends and segments.

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Cenosphere is a lightweight, inert, hollow sphere made largely of silica and alumina and filled with air or inert gas. Cenosphere is typically produced as a byproduct of coal combustion at thermal power plants. Due to lower value of thermal conductivity, higher particle strength, ultra-low density, impermeability, they are used in various industries. Cenosphere are used in refractories tile, fire Bricks, insulating materials, coatings, Aluminum cement, Injection moldings, film, nylon, HDP, LDP, PP, PVC flooring Composites, under water coatings, body fillers, Specialty cements, roofing materials and so on. The North America Cenosphere market was valued at USD 120.5 million in 2015 and is projected to reach USD 306.3 million, growing at a CAGR of 16.7%, between 2016 and 2021.

The U.S. region is likely to dominate the North America Cenosphere market. In the year 2015, U.S. region held a market share of 74.2% and is projected to grow at a CAGR of 17% during the forecasted period. Superior Structural Properties, Low Price Compared to Alternatives, Rising Demand from Current Applications are some of the drivers of the Cenosphere market. On the other hand, limited sources of raw materials, poor packaging quality are some of the restraints of the Cenosphere market.  

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Acquisitions, agreements, and joint ventures are the key development strategies of this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of Cenosphere to match the new demands coming from various end-user industries.

Key Players of North America Cenosphere Market includes:  

The U.S. is the largest region, both in terms of volume and value, followed by Canada and then Rest of America. The key players in the North America Cenosphere market are Cenosphere India Private Limited (India), Petra Buildcare Products (India), Durgesh Merchandise Pvt. Ltd (India), Vipra Cenospheres (India), CenoStar Corporation (U.S.), Ceno Technologies (U.S.), Shijiazhuang Banyue Imp & Exp Trade Co., Ltd (China), and so on.

The North America Cenosphere demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and joint ventures of the leading North America Cenosphere companies in the global scenario.

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