Global Expanded Perlite Market: Snapshot
The global expanded perlite market is prophesied to bear a fragmented and highly competitive characteristic for its vendor landscape on account of the existence of a significant count of industry players. One of the most vital catalysts of growth considered for the market could be the discovery of new applications for expanded perlite, which a number of players are anticipated to focus on. In the coming years, the level of competition in the market is foreseen to witness a substantial rise due to the risk of backward integration and low entry barriers.
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The global expanded perlite market is projected to continue lacking a consolidated structure until the end of the forecast period 2017–2025. It could be mainly composed of regional and domestic players serving local markets. This arrangement of the vendor landscape of the market is expected to have emerged over the years, owing to the fact that it is inexpensive to expand crude perlite in-house than conveying finished expanded perlite. Furthermore, this pattern of the vendor landscape could stay unchanged until 2025.
The application of insulation and filling in the manufacture of cinder blocks could gain an extensive growth in the construction sector. Prominent construction companies such as Inca Blocks, Inc. have already made a vast usage of expanded perlite for the same purpose. Considering its advantage of the decrease in the consumption of energy for cooling and heating, expanded perlite is predicted to garner a handsome demand with its engagement as a preferred material in the construction of green buildings.
Global Expanded Perlite Market: Overview
Perlite, an amorphous volcanic glass having high water content, is essentially formed from hydration of obsidian. It is found in volcanic regions and can expand significantly when heated. Expanded perlite is obtained after perlite processing and milling. Water molecules are released during the expansion process, resulting in the lowering of its density and weight. It has excellent insulation properties.
Global Expanded Perlite Market: Key Trends
At the forefront of driving growth in the global expanded perlite market is the massive uptick in construction activities worldwide, particularly in the emerging economies. This has substantially upped demand for ancillary materials resulting in high uptake expanded perlite. Another factor stoking growth in the market is the increasing horticultural activities in which expanded perlite is a sought after ingredient for the formulation of soil aggregates, owing to its significant water retention properties.
Another factor slated to positively influence the market is the growth in the beer industry in the relatively underserved markets. Expanded perlite finds application in filtration in breweries, particularly beer. Countering the growth in the market, on the other hand, is the presence of substitutes for most applications. Perlite can be supplanted by materials such as barite, diatomaceous rock, and polymeric foams for thermal insulation and soundproofing applications.
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Global Expanded Perlite Market: Market Potential
Owing to its excellent insulation properties and ability to expand substantially, perlite is used as an insulator in soil aeration, paint, plaster, ceramics, bricks, insulating panels on walls of wells, and concrete fillers. Many business organizations are coming up with projects to generate perlite on account of its strong demand due to the aforementioned applications.
The segment that will hold out substantial growth opportunity for players in the global expanded perlite market is the booming oil and gas industry. Perlite finds application in filtration and process aid applications in water treatment plants, mining, and shale gas drilling activities. It helps to hold water in soil, soil aeration, and facilitates thermal insulation in oil wells.
Further, the explosive construction segment will also drive growth in the market. This is because expanded perlite is used in the formulation of boulders, cement mixture, concrete additives, masonry, and bricks. Expanded perlite is chemically inert, non-toxic, and insulates against thermal, electric, and audio conduction. Because of the aforementioned unique perceived benefits, it is used in the formulation of personal care products such as soaps and scrubs. This will also lead to their demand in the near future.
Global Expanded Perlite Market: Regional Outlook
Geographically, the key segments of the global expanded perlite market are Europe, North America, Asia Pacific, and the Rest of the World. Among them, North America powered by the U.S., is a key market. The growth in the region has been mainly on the back a strong presence of major producers and consumers in the region. Explosion in shale gas production in the U.S. is predicted to stoke growth in the near future.
Asia Pacific is another dominant market. China, India, and Japan are the major contributors to the market in Asia Pacific on account of a robust growth in construction.
Global Expanded Perlite Market: Competitive Analysis
The global market for expanded perlite is fragmented because of the presence of numerous formulators and expanders. Some of the prominent players in the market are Cornerstone Industrial Minerals, Aegean Perlites SA, Perlite-Hellas, Supreme Perlite Company, and Cornerstone Industrial.
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