Title: Expanded Perlite Market size worth $1.34 billion by 2024
1Expanded Perlite Market Size, Share and Forecast
2016-2024
Market size USD 710.4 million in 2015 Market
size Projected USD 1.34 billion by 2024 Gain
rate expected 7.3 CAGR
2Global Market Scenario of Expanded Perlite
Industry
- Expanded Perlite Market size is expected to
reach USD 1.34 billion by 2024 according to a
new research report by Global Market Insights,
Inc. - Robust growth in construction industry in the
past few years is analyzed to be the major factor
pushing the global expanded perlite market size
by 2024. In 2015, the construction business
generated revenue at over USD 8 trillion and is
projected to exceed USD 13 trillion over the
forecast timeframe. - The product finds widespread applications in the
sound thermal insulation panels, masonry
products and bricks. It is being increasingly
used in green rooftops, which is a rapid mounting
segment, which will consequently result in
industry growth. In addition, the product is
extensively finds it usage in foundries for
furnace insulation. -
- Escalating oil and gas sector will positively
influence the expanded perlite market size by
2024. Increasing product application in process
aid and filtration across water treatment, mining
and drilling operations will stimulate the
industry growth over forecast timeframe.
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- It provides soil ventilation accompanied with
thermal insulation in oil rigs. In 2013, there
were roughly 15 thousand oil rigs globally and is
estimated to reach 20 thousand over the forecast
timeframe. This will positively impact on the
business growth. - The product is broadly preferred element for soil
used in the horticulture industry. It offers
superior water holding characteristics making it
desirable for horticulture. Horticulture is
rising on account of increasing consumer demand
for fruits vegetables, decorative plants and
seeds. Furthermore, horticulture yield accounted
close to 22 to 26 of the overall food animal
products business. This will positively influence
growth. - Expanded perlite is classified as safe for use
its application in drinking water beverages
filtration owing to its inertness. It is
extensively used for percolation in breweries,
particularly beer, globally. In 2015, the beer
production was nearly 190 gigalitres and is
forecast to exceed 210 gigalitres by 2024 owing
to boost expanded perlite market share. However,
the industry growth is negatively impacted by
product substitute threat by barite, polymeric
foams and diatomaceous rock which may hamper
industry growth.
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Product Analysis- Expanded perlite is obtained
after perlite processing and milling. Perlite is
a volcanic siliceous mineral found abundantly in
volcanic regions. It is an inert glass-like rock
equipped with extremely beneficial insulation
properties. Construction products is forecast
to experience gains more than 3 CAGR by 2024.
Robust growth in the construction industry along
with increasing product use for concrete
additives, cement mixture, masonry, boulders and
bricks will drive the expanded perlite market
size from 2016 to 2024. When crude perlite is
heated, it expands from 7 to 20 times its
original volume. Expansion occurs with release of
water molecules from the core of the mineral,
causing reduction in density and weight of the
mineral. However, factors such as availability
of the product substitutes for most applications
is projected to hamper market growth during the
forecast timeframe.
6Regional Analysis Global expanded perlite
market size is projected to reach USD 1.34
billion by 2024, with estimated gains at 7.5
CAGR. Asia Pacific, mainly led by India and
China was dominant regional market in 2015. The
regional growth was mainly due to escalating
regional construction sector. For instance, in
2015, Chinas construction business was close to
20 of the global industry. Furthermore, changing
consumer lifestyles has resulted in increasing
beer demand. This will stimulate industry
growth. Inquire More About This
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buying/829 Competitive Analysis In 2015, the
global expanded perlite market share was
moderately fragmented. Key industry players
include Perlite-Hellas, Cornerstone Industrial,
Aegean Perlites SA and Supreme Perlite
Company. Other prominent industry participants
are Perlite Vermiculite, Keltech Energies,
Cornerstone Industrial Minerals and The Schundler
Company.
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