Global Cenospheres Market 2019-2023
About this market
The high adoption of coal-fired power generation will trigger the market growth in the forthcoming years. The demand for coal-fired power generation will be driven by the rising demand for energy in emerging economies including India and China. As cenospheres are formed as a by-product of coal combustion in coal-fired power plants, the demand for coal-fired power generation will eventually stimulate the production of cenospheres, thus, driving the market growth during the forecast period. Technavio’s analysts have predicted that the cenospheres market will register a CAGR of close to 6% by 2023.
Rising demand for cenospheres from various industries
One of the growth drivers of the global cenospheres market is the rising demand for cenospheres from various industries. The numerous applications of cenospheres will create a high demand for cenospheres from all industries which will drive the growth of the global market.
Declining investments in coal industry
One of the challenges in the growth of the global cenospheres market is the declining investments in coal industry. This will impede the production of cenospheres, thereby restricting the market growth.
For the detailed list of factors that will drive and challenge the growth of the cenospheres market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence several market players. Vendors in the market are focusing on launching new products to increase their revenue and expand their consumer base. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Cenospheres Market 2019-2023
Technavio recognizes the following companies as the key players in the global cenospheres market: Cenosphere India Pvt. Ltd, CenoStar, LKAB, Omya AG, Petra India Group, and Qingdao Eastchem Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of improved ash handling technologies.”
According to the report, one of the major drivers for this market is the rising demand for cenospheres from various industries.
Further, the report states that one of the major factors hindering the growth of this market is the declining investments in coal industry.
Cenosphere India Pvt. Ltd
Petra India Group
Qingdao Eastchem Inc.
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