Expanded Perlite Market is anticipated to surpass USD 1.3 billion by 2024; according to a new research report.
Increasing requirements for lightweight and higher strength construction materials in modern infrastructure projects is significantly escalating the expanded perlite market size over the projected timeframe. Multiple building projects in conjunction with large scale investments for development of public infrastructure will provide positive growth prospects for the industry expansion. Expanded perlite concrete aggregates providing enhanced concrete durability are gaining a higher visibility in the construction sector.
Growing application of expanded perlite in petroleum refining, chemical, food and pharmaceutical industries will prominently augment the industry growth. Furthermore, these materials offer excellent environmental conditions for producing nodes owing to their enhanced capabilities for retaining humidity. Growing prominence for retaining moisture and micronutrients and reconditioning of soil in horticulture is providing positive outlook for the product penetration.
Supportive government initiatives targeted towards increasing greenhouse crop production by utilizing ecosystem approach and nutrition-sensitive crop diversification. Controlled atmospheric conditions are aiding the year-round and off-season growth of plants, further increasing their production capacities. Surging utilization of horticulture expanded perlite is prominently contributing towards improved productivity in one crop rotation. They offer enhanced aeration for roots to balance air and water, further preventing their rottenness.
Technological advances pertaining with expansion of perlite are significantly contributing towards cost effective production. The products manufactured through vertical electrical furnace (VEF) offer superior properties including higher compression strength, enhanced oil and water absorption capabilities and decreased surface porosity. Moreover, surface functionalization of expanded perlite particles with polyhydroxyethyl methacrylate (PHEMA) films increase their water holding capacity as compared with uncoated particles. However, health hazards associated with inhalation of these particles including respiratory and eye irritation problems will restrict the industry growth.
The construction segment will witness significant growth owing to their unique properties including fire resistance, heat and sound insulation utilized for loose-fill insulation in masonry construction. Expanded perlite featuring lower density ranging from 70-600 kg/m3 are utilized as aggregates of lightweight concrete. Increasing R&D investments along with shifting consumer preference towards insulated buildings will further augment the segment growth.
North America will witness a significant growth in the expanded perlite market share owing to the increasing investments in infrastructure and construction projects by major players across the region. Rapid urbanization along with surging economic growth are providing potential opportunities for the region growth over the forecast timeframe. Growing demand for environment-friendly buildings incorporating lightweight materials offering higher compressive strength and enhanced reliability will propel the industry size over the projected timeframe.
The expanded perlite market is highly competitive owing to the presence of major players in the market including Keltech Energies Ltd., Aegean Perlites SA, Perlite-Hellas, Imerys SA, Midwest Perlite Inc., Supreme Perlite Company, Cornerstone Industrial Minerals Corporation, Schundler Company and Silbrico Corporation. Industry players are focusing on expansion of their manufacturing facilities for increasing their revenue generation capabilities. For instance, in September 2016, Keltech Energies Ltd collaborated with Showa Chemical Industry Co Ltd for commissioning the trail production of Filter aid.
Expanded perlite market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Expanded Perlite Market by Application
Filtration & Process Aid
The above information is provided on a regional and country basis for the following:
Middle East & Africa