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Fly Ash (Cenospheres) Microspheres Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 120 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5318733
UP TO OFF until Mar 31st 2024

The fly ash (cenospheres) microspheres market is expected to develop at a CAGR of over 7% during the forecast period. The major factor driving the growth of the fly ash (cenospheres) microspheres market is the increasing demand from the paints & coatings segment. On the other side, conditions emerging because of the unexpected outbreak of COVID-19 is foreseen to thwart the development of the market considered.

Key Highlights

  • Fly Ash (Cenospheres) Microspheres is extensively consumed in the construction business. The main benefits of cenospheres are reduction of weight, reduction of viscosity, increased lubricity, and increased refractoriness.
  • North America is expected to be the largest market due to the large-scale consumption of the fly ash cenospheres microspheres in the region.

Key Market Trends

Construction Segment to Boost Fly Ash (Cenospheres) Microspheres Market

  • Cenospheres are generally utilized in the construction business. From roofing materials to plasters and grouts, new applications and items keep on being created. The amount of cenospheres utilized inside the construction industry keeps on developing.
  • The primary advantages of cenospheres are reduced weight, expanded filler stacking, reduced shrinkage, reduction of viscosity, increased fire insulation, expanded lubricity, and expanded refractoriness.
  • In 2019, the worldwide spending of the construction industry added USD 11 trillion and it is anticipated to reach around USD 14 trillion by 2025, thus benefitting the market studied.
  • The Indian government has made a recent announcement of its plan which includes the construction of 100 smart cities across the nation and expanding its infrastructure by infusing USD 28.18 billion for the upcoming project.
  • A plan of investing over USD 450 billion in infrastructure has been introduced by the Saudi Arabian government under its Saudi Arabia Vision Plan 2030. The idea is to diversify the economy by reducing the dependency on its oil & gas sector, thereby enhancing the government’s efficiency and society’s stability.
  • All the aforementioned factors are expected to drive the fly ash (cenospheres) microspheres market during the forecast period.

North America Region to Dominate Fly Ash (Cenospheres) Microspheres Market

  • North America region holds a prominent share in the fly ash (cenospheres) microspheres market globally and is expected to dominate the market during the forecast timeline.
  • According to statistics, the United States invested roughly USD 91.5 billion for new non-residential commercial construction in 2019. This spending is predicted to remain constant by 2023.
  • The total number of vehicles manufactured in Canada was 1.916 million units in 2019.
  • In 2019, PADD 3 (Gulf Coast), which includes the oil production in Alabama, Arkansas, New Mexico, Mississippi, Louisiana, and Texas, was the biggest oil-producing PADD, having delivered some 8.08 million barrels of crude oil every day.
  • Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.

Competitive Landscape

The market for fly ash (cenospheres) microspheres is consolidated. Some of the players in the market include UAB SUEK Baltic, Omya, Durgesh Merchandise Pvt. Ltd, Cenosphere India Pvt. Ltd, and Reslab Microfiller.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Demand from the Paints & Coatings Segment
4.1.2 High Demand from the Construction Sector
4.2 Restraints
4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1 Type
5.1.1 Solid
5.1.2 Hollow
5.2 Raw Material
5.2.1 Fly Ash
5.2.2 Glass
5.2.3 Ceramic
5.2.4 Metallic
5.2.5 Polymer
5.3 End-User
5.3.1 Aerospace
5.3.2 Construction
5.3.3 Oil & Gas
5.3.4 Medical
5.3.5 Automotive
5.3.6 Paints & Coatings
5.3.7 Others
5.4 Geography
5.4.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.4.2 North America United States Canada Mexico
5.4.3 Europe Germany United Kingdom France Italy Rest of Europe
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Ceno Technologies
6.4.2 Cenosphere India Pvt. Ltd
6.4.3 Durgesh Merchandise Pvt. Ltd
6.4.4 Indiacenosphere
6.4.5 Omya
6.4.6 PR Group
6.4.7 Reslab Microfiller
6.4.8 UAB SUEK Baltic

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ceno Technologies
  • Cenosphere India Pvt. Ltd
  • Durgesh Merchandise Pvt. Ltd
  • Indiacenosphere
  • Omya
  • PR Group
  • Reslab Microfiller
  • UAB SUEK Baltic