A fresh business intelligence study compiled at the headquarters of Transparency Market Research (TMR) has detected the shares in the global expanded perlite market are consolidated within a handful of players, such as Supreme Perlite Company, Imerys SA, Silbrico Corporation, and Cornerstone Industrial Minerals Corporation. These well-established players consistently expand their capacity by the means of mergers and acquisitions or joint ventures. The TMR analyst has highlighted the strong position of the major players will sustain in the near future, while there will be little threat coming from new entrants. The report contains profiles of all these major players, including SWOT analysis, product portfolio, and financial standings.
As per the calculations of the report, the global expanded perlite market will be worth US$1,699.4 million by 2025, mounting from its evaluated worth of US$1,102.0 million as of 2016, showcasing a CAGR of 4.9% during the forecast period of 2017 to 2025. Application-wise, the expanded perlite market has been segmented into fillers, construction products, filtration and process aids, horticulture aggregates, and others. Among these, construction applications continue to produce the most prominent chunk of demand and will hold the leading position throughout for the forecast period.
Primarily, properties of robust insulation and light weight makes expanded perlite ideal for loose-filled insulations in masonry construction. Filling cavity of concrete block, enhancement of fire ratings, and reducing noise transmissions are some of the over advantages of expanded perlite that makes them highly useful for the construction sector. That being said, horticulture has been highlighted as an emerging application segment, feeding off growing demand for greenhouse farms to grow high quality vegetables and fruits.
The application segment of filtration and process aids is expected to showcase faster growth than other applications in the near future, which can be ascribed to the growing requirement for expanded perlite for the brewering of beer. Owing to the inert and non-toxic characteristic of expanded perlite, it has received safety certification from several food regulatory bodies to be used in food contact applications. Expanded perlite’s unique chemical structure performs filtration of impurities without absorbing any content.
Geographically, North America has been identified as the region with maximum potential, generating revenue of US$279.5 million as of 2016. While the U.S. expanded perlite market is flourishing on the back of booming oil and gas industry and increased exploration of shale gas. That being said, Asia Pacific is emerging as a region with strong demand, which is a reflection of mushrooming of end use industry players in countries such as China and India.
Robust growth of the building and construction industry in emerging economies, rising demand from horticulture and agriculture sectors, superior functional properties, and increasing usage of perlite in filtration and as a processing aid are some of the key factors augmenting the demand in the global expanded perlite market. On the other hand, hazardous effects are foreseen as a restraint the will continue to curtail the prosperity of this market. However, growing investments in research and development activities which may produce results in near future and safety certifications from regulatory authorities are expected to open new opportunities in this market in the near future.
The information is based on the report titled “Expanded Perlite Market (Application - Construction Products, Fillers, Horticulture Aggregates, and Filtration & Process Aids) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
Expanded Perlite Market – Application Type Analysis
- Construction products
- Horticulture Aggregates
- Filtration & Process Aids
Expanded Perlite Market – Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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