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North America Cenosphere Market Worth $224.8 Million by 2019

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Cenosphere is a low density, alumina-silicate microsphere. It is hollow, lightweight, and has a hard shell and good flow rate due to its sphericity. It is a recycled product made from the pulverized ash from coal-fired power stations. Cenosphere is basically thin-walled hollow spherical particle with relative density of less than 1.0. It is floated on water and recovered from the float up of ash disposal lagoons. Cenosphere has a similar chemical composition as that of fly ash.

Cenosphere is used in various industries due to its unique combination of spherical shape, high compression, low specific gravity, good thermal and acoustical insulation properties, and inertness to acids and alkalis. It is used in refractory tiles, fire bricks, insulating materials, coatings, alumina cement, injection moldings, film, nylon, HDP, LDP, PP, PVC flooring composites, underwater coatings, body fillers, specialty cements, roofing materials, and so on.

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The North America cenosphere market, in terms of value, is projected to reach $224.8 million by 2019 from $103.6 million in 2014, at a CAGR of 16.7% between 2014 and 2019. Key drivers for this market include superior structural properties of cenosphere, low price as compared to alternatives, and rising demand from current applications. On the other hand, limited sources of raw materials and poor packaging quality are the major restraints for this market.

On the basis of application, the North American cenosphere market is segmented into paints & coatings, automotive, oil & gas, construction, refractory, and others. Oil & gas held the largest market share of 33.3% in 2014. This segment would continue to dominate the market, and is projected to grow at the highest CAGR of 21.2% during the forecast period of 2014 to 2019. 

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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.
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