Perlite Market is driven by the development in industrial and commercial construction activities coupled with increasing demand from horticulture and agriculture sectors
Published | 31 March 2020
Global Perlite market is
expected to grow with a significant growth rate during the forecast period
owing to rapid urbanization and industrialization, mostly driven by the upward
surge in demand for new constructions across the world. Perlite is a naturally
occurring amorphous volcanic glass which swells and becomes porous when heated.
The extensive applications of perlite arise owing to its features like the high
capacity of expansion when heated, high thermal insulation, high resistance
towards water penetration, and light-weight structure. Large-scale investment
in infrastructure and agricultural sector by various countries’ government is
estimated to trigger the demand of perlite across the globe.
In 2016, Countries like the
U.S., Greece, Turkey, Italy, China, and India were among the largest consumers
of the industrial mineral, on account of the growing construction industry and
rising investments in infrastructure. The Acceleration in the growth of the
construction industry, especially in residential construction is anticipated to
reflect positively on the growth of the market. In the construction industry,
perlite is employed for fire ratings, reduction of noise transmission,
insulation, and for applications in under-floor insulation, chimney linings,
paint texturing gypsum boards, and others. Positive growth indicators in the
construction industry are attributed to the growing urban population, rising
industrialization, and huge investments in the construction sector.
Expanded
Perlite form is projected to be the most lucrative segment of the global
perlite market during the forecast period
In terms of form, the
expanded perlite accounted for the largest market share during the forecast
period 2019-2025. The growth is driven due to the high strength of concrete
with less water content and easy workability. Expanded perlite finds applications
in many industries such as agriculture & horticulture, construction,
industrial, and food & beverages. It also delivers various properties
includes high insulation, acoustic properties, and excellent water retention.
Expanded perlite is employed in the preparation of boulders, cement mixture,
concrete additives, masonry, and bricks. Expanded perlite has excellent
water-holding properties and this property of expanded perlite makes them more
adequate in the horticulture sector. Additionally, increasing the oil & gas
industry coupled with the use of raw expanded perlite in the oil & gas
industry as a lightweight aggregate for controlling the density of the cement
grout is anticipated to boost the growth.
The
Asia Pacific accounts for the lion’s share of the global perlite market during
the forecast period
Geographically, Asia Pacific
is the dominating region for the entire perlite market owing to extensive
development, adaptive to new technologies, and increasing demand from the
commercial and residential sectors. The demand for perlite is rising rapidly in
the region, due to the high growth in the industrial and commercial
construction activities which is expected to trigger mining activities to
attain more perlite for its application across the aforementioned industries.
Additionally, Favorable regulations, availability of workforce, and government
initiatives to provide attractive FDI regulations have resulted in a shift of
manufacturing bases of major players to regions like China, India, and Japan.
Global
Perlite Market: Competitive Landscape
Companies such as Imerys
Minerals, Keltech Energies, Dupré Minerals, Amol Dicalite, IPM Group of
Companies, Bergama Mining Perlite, Supreme Perlite Company, Genper Group, The
Schundler Company, and Whittemore Company are the leading players of perlite
market across the globe.
Browse Detailed Table of Contents, “Perlite Market by Form (Expanded Perlite and Crude Perlite), by Application (Construction, Agriculture & Horticulture, Industrial, and Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Price Trend Analysis, Competitive Market Share and Forecast, 2015-2025”
AT: https://www.blueweaveconsulting.com/perlite-market-bwc19446
The in-depth analysis of the
report provides the growth potential, upcoming trends and statistics of global
perlite market size & forecast. The report promises to provide
state-of-the-art technology of perlite production and industry insights which
help decision makers to take sound strategic decisions. Furthermore, the report
also analyzes the market drivers and challenges and competitive analysis of the
market.
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