Expanded Perlite Market
Expanded Perlite Market (Application: Construction Products, Fillers, Horticulture Aggregates, and Filtration & Process Aids) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Expanded Perlite: Description
- Expanded perlite is a mineral product obtained by expansion of raw perlite. Perlite is a siliceous glass-like volcanic mineral. It is hard and brittle and expands up to 20 times its original volume depending upon the mineral source.
- Raw perlite is milled and expanded by controlled rapid heating, which causes water molecules to escape from the mineral. This causes a popping sound, similar to a popcorn’s pop.
- Expanded perlite is a chemically inert, non-toxic, and stable material with excellent thermal, audio, and electrical insulation properties. It is primarily utilized in the construction industry for insulation, in the horticulture industry as soil aggregates, and in the beverage industry for food contact filtration applications.
- Physical characteristics of expanded perlite makes it an ideal option for usage for filtration purposes. Perlite filter aids are inert, lightweight, and do not impart any taste or odour when used for filtering liquids. They are highly soluble in organic acids. Thus, perlite filter aids are useful for various industrial filtration purposes.
- The European Union recently approved the usage of expanded perlite as an additive in animal feed. Expanded perlite is employed in various industries such as pharmaceuticals, paints & coatings, and chemicals
- Consumption of beer, juices, wine, etc. has increased. This is boosting the usage of expanded perlite, since it is used in the processing of beer, juices, and wine. This trend is expected to drive the market for expanded perlite in the near future.
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What are Key Growth Drivers of Global Expanded Perlite Market?
- The global expanded perlite market is rising steadily benefitting from the superior physical properties of expanded perlite that paves way for demand from several end-use industries. This includes building and construction, agriculture, and food and beverages among others. Expanded perlite displays capability to expand up to twenty times in volume from its original volume on being heated at very high temperatures. This property finds usability in oil well cementing, concrete floor fill, foundry cores, and crucible toppings.
- Apart from this, expanded perlite finds extensive application in the building and construction sector owing to its green characteristic for energy saving pursuits.
- According to Transparency Market Research, the global expanded perlite market was valued at US$1,155.47 Mn in 2018 and is likely to be valued at US$1,878.4 Mn by the end of 2027 clocking a moderate 5.0% CAGR therein.
What are Key Challenges for Global Expanded Perlite Market?
- Expanded perlite is employed in a wide range of applications such as construction and horticulture, as it is light in weight and offers insulation. However, various substitutes for expanded perlite are available in the market.
- Peat and vermiculite can be used instead of expanded perlite in horticulture. This can help in the process of aeration, which is essential for the growth of plants.
- Expanded perlite can be substituted by barite and diatomaceous rocks in construction applications. Polymeric foams can be used for the purpose of insulation.
- Wood dust and cellulose can be employed as fillers in a wide range of applications
- Thus, the availability of cost-effective substitutes is anticipated to hamper the expanded perlite market during the forecast period
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Lucrative Opportunities for Players in Global Expanded Perlite Market
- Expanded perlite is used in various products in the personal care industry. It is inert and eco-friendly. Thus, it is useful in cosmetic as well as food-grade products.
- Expanded perlite is used as an abrasive in cosmetic products such as soaps, face wash, scrubs, and shower gels. It also used in dental care products such as toothpastes.
- The personal care products industry is well developed and has been expanding significantly in Asia Pacific and North America. This provides lucrative opportunities for the expanded perlite market.
Asia Pacific to Provide Wide Opportunities Global Expanded Perlite Market
- North America was a highly attractive region for the expanded perlite market in 2018, due to the rise in construction activities in the region, due to the increase in population, which has led to the increased usage of expanded perlite, since it is light in weight and helps in making lightweight construction products.
- The market in Asia Pacific also offered substantial opportunities for the expanded perlite market in 2018. Demand for expanded perlite in the region was primarily driven by construction industry. Trends such as urbanization and changing lifestyle are projected to boost expanded perlite market in the near future.
- The usage of expanded perlite for various industrial purposes such as filtration aid, fillers, etc., led to the increased usage of expanded perlite in Europe in 2018.
- Latin America and Middle East & Africa are anticipated to offer substantial opportunities for the expanded perlite market during the forecast period.
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Leading Players in Global Expanded Perlite Market
- Leading players in the global expanded perlite market include
- Imersys SA
- Supreme Perlite Company
- Cornerstone Industrial Minerals Corporation
- Silbrico Corporation.
- Each of the companies is profiled for their key business attributes of product portfolio, financial standing, and SWOT’s.
Global Expanded Perlite Market – Scope of Report
The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global expanded perlite market to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for growth of the global expanded perlite market. The study also identifies growth avenues for stakeholders. The report provides insightful information about how the global expanded perlite market is likely to expand during the forecast period of 2019 to 2027.
The report offers intricate dynamics about different aspects of the global expanded perlite market that aid companies operating in the market in making strategic decisions. TMR’s study also elaborates on significant changes that are highly anticipated to configure the growth of the construction industry with respect to the global expanded perlite market during the forecast period. It also includes a key indicator assessment to highlight growth prospects of the global expanded perlite market and estimates statistics related to growth of the market in terms of volume (kilo tons) and value (US$ Mn).
This study covers a detailed segmentation of the global expanded perlite market, along with key information and a competition landscape. The report mentions company profiles of key players operating in the global expanded perlite market, wherein various developments and expansion, and winning strategies practiced and executed by leading players have been presented in detail.
Key Questions Answered in TMR’s Report on Global Expanded Perlite Market
The report provides detailed information about the global expanded perlite market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global expanded perlite market that would help them design successful strategies and make target-driven decisions.
- Which application segment of the global expanded perlite market would emerge as a leading revenue generator during the forecast period?
- What would be the Y-o-Y growth rate of the global expanded perlite market between 2019 and 2027?
- What are winning imperatives of frontrunners in the global expanded perlite market?
- Which region segment is expected to generate maximum revenue in the global market for expanded perlite during the forecast period?
Research Methodology – Global Expanded Perlite Market
The research methodology adopted by analysts for compiling the report on the global expanded perlite market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global expanded perlite market.
For primary research, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global expanded perlite market.
For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global expanded perlite market.
Global Expanded Perlite Market – Segmentation
TMR’s research study segments the global expanded perlite market in terms of application and region. This report presents extensive market dynamics and growth trends associated with different segments and explains how they are influencing the growth of the global expanded perlite market.
Filtration & Process Aids
Middle East & Africa