The Cenospheres Global Market Report 2023, provides comprehensive information on the cenospheres market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Cenospheres Global Market Report 2023, the market is expected to grow from $0.96 billion in 2022 to $1.06 billion in 2023 at a compound annual growth rate (CAGR) of $10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cenospheres market is expected to reach $1.53 billion in 2027 at a CAGR of 9.5%.
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Product innovations are a key trend gaining popularity in the cenosphere market. Major companies operating in the cenosphere market are innovating new products to sustain their position in the market. For instance, in June 2022, Nouryon B.V., a Netherlands-based chemical company that manufactures microspheres, launched Expancel HP92 microspheres, a groundbreaking innovation for the automotive industry. These thermoplastic microsphere fillers offer lightweight solutions to meet strict emission regulations and consumer demands for fuel-efficient vehicles without compromising performance. The microspheres have a polymer shell that encapsulates gas, expanding when heated to make end products lighter and provide different surface effects. They also reduce costs and environmental impact by requiring less raw material.
The cenospheres market is segmented:
1) By Type: Gray Cenospheres, White Cenospheres
2) By Form: Ball, Powder, Other Forms
3) By Material: Silica, Alumna, Hematite, Calcium Oxide, Rutile, Periclase, Phosphoric Acid, Iron Oxide, Titania, Other Materials
4) By Distribution Channel: E-Commerce, Third Party Distributors, Business To Business(B2B), Other Distribution Channels
5) By End-User Industry: Oil And Gas, Construction, Automotive, Refractory, Paints And Coatings, Aerospace, Syntactic Foams, Specialty Cements, Building Materials, Other End Users
North America was the largest region in the cenospheres market in 2022.
The table of contents in TBRC’s cenospheres market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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