The Global Consumption of Expanded Perlite is Projected to Exceed 4.0 Million Metric Tons by 2024
Healthy
Recovery in the Construction Industry, the Largest Application Area for
Perlite, Drives Steady Market Growth, According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of industry
segments, trends, growth drivers, market share, size, and demand forecasts on
the global Perlite market. The global consumption of Expanded
Perlite is projected to exceed 4.0 million metric tons by 2024, driven
by the growing demand from myriad existing and newer application areas due to
the unique properties of perlite as an amorphous, expandable, siliceous and
naturally occurring volcanic rock with high water content.
Growing demand from myriad applications in construction,
horticulture, industrial as well as other applications such as foundries,
filtration, cryogenic insulation, and as clay additive in ceramics is driving
steady market growth. Perlite is a naturally
occurring siliceous rock, a volcanic glass formed due to obsidian’s hydration.
Number of other glasses is formed due to the effect of volcanoes, but Perlite
is different from the rest as it significantly expands when heated until a
particular temperature, referred to as the softening range. At that point,
Perlite is capable of expanding between 4-20 times form its original volume. The
expansion capability of Perlite is due to its water content. Due to high permeability,
Perlite demand is expected to grow in filtration and horticulture markets in
the near term. Particularly, Perlite is widely used for beer filtration, and
replaces diatomaceous earth in several other filtration
applications in industries across the world. Industrial applications include
filter aids, high-temperature insulation, petroleum and water wells, cements
for geothermal industries, and high-performance fillers in the plastics
industry.
Recovery in the construction activity in countries
across the world represents the primary factor driving growth in demand for the
mineral. Perlite is used as an additive in plasters, lightweight insulation,
ceiling tiles, and mortars. The unique properties such as superior sound
and thermal insulation, durability, low bulk density through climate changes,
and fire resistance make expanded Perlite highly useful for the construction
sector. With major applications in lightweight concretes and mortar for
substrates, expanded perlite is used as a substitute for gravel or sand in
fire-retardant and lightweight insulating concretes. As an extremely versatile
material, Expanded
Perlite could be milled differently to suit various
insulating applications including cinder blocks, cement mixtures, bricks,
boulders, and thermal, audio, and structural insulation panels in the
construction sector. Currently, the construction sector is the largest consumer
of expanded Perlite. Use of Perlite in cement production ensures replacement of 40% of the
harmful and environment deteriorating effects during cement production. In
addition, Perlite reacts chemically with lime and produces a dense and
impermeable concrete.
As stated by the new market research report on Perlite, the United States
represents the single largest market worldwide supported by the country’s huge
consumption of perlite in construction products, fillers, and filter aids,
both in expanded and crude forms. China represents the largest producer of
Perlite, followed by Greece. Other countries with large deposits of crude
Perlite and which also produce huge volumes of expanded Perlite include Turkey,
USA, Mexico, and Hungary. Regionally, Asia-Pacific represents the largest and the fastest
growing market with a CAGR of 5.2% over the analysis period led by rising
investments in infrastructure development projects coupled with rapid urbanization
and industrialization.
Key players in the market include Aegean Perlites
SA, Amol Dicalite Limited, Australian Perlite Pty., Limited, Bergama Mining
Perlite Inc., Blue Pacific Minerals Ltd., Cornerstone Industrial Minerals
Corporation, Dicaperl Minerals, Corp., Dupré Minerals Limited, EP Minerals, LLC,
Genper Group, Imerys Filtration Minerals Inc., IPM Iperlit Mining &
Construction Limited Company, Johns Manville Corporation, Perlite Canada Inc., PVP
Industries, Inc., Pull Rhenen B.V., Saudi Perlite Industries, Supreme Perlite
Company, TERMOLITA S.A.P.I de C.V, The Schundler Company, Uzay Perlit
Madencilik Kimya Maddeleri, William Cox Minerals Ltd., and Whittemore Company
Inc., among others.
The research report titled "Perlite: A Global
Strategic Business Report" announced by Global Industry Analysts,
Inc., provides a comprehensive review of market trends, drivers, acquisitions
and other strategic industry activities of major companies worldwide. The
report provides market estimates and projections for geographic markets such as
the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and
Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America
(Brazil and Rest of Latin America), and Rest of World. Key end-use applications
analyzed in the report include Construction, Horticulture, Industrial, and
Others.
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enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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