“The cenospheres market is projected to reach USD 689.2 million by 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. The growing demand from end-use industries, such as paints & coatings, refractory, construction, and oil & gas is expected to drive the market in near future. However, limited sources of raw material and lack of quality control across emerging countries are major factors that may restrain the growth of the market.
“The Gray cenospheres segment is expected to witness the highest growth during forecast period”
The gray cenospheres segment is expected to witness the highest growth from 2017 to 2022, as they are widely used across industries. 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.
