Albany, NY -- (SBWire) -- 11/08/2017 --Superior Physical Properties of Expanded Perlite Lead to High Demand from Several End-use Industries
The superior physical properties of expanded perlite account for its high demand from a number of end-use industries which is primarily stoking the growth of global expanded perlite market. This includes building and construction, agriculture, and food and beverages among others. The capability of expanded perlite to expand up to twenty times in volume more from its original volume on being heated at very high temperatures finds application in oil well cementing, foundry cores, concrete floor fill, and crucible toppings. Some other applications of expanded perlite include pipe insulation, super cool industrial gas containers, dental compounds, soaps, paints, and explosives.
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As per a report by Transparency Market Research, the global expanded perlite market is predicted to clock a 4.9% CAGR for the forecast period between 2016 and 2025. Rising at this pace, the market is likely to become worth US$1,699.4 mn by the end of 2025 from US$1,102.0 mn in 2016. Construction products lead the market amongst all in terms of revenue. The segment is estimated to remain significant over the forecast period. Geography-wise, North America stood as the most lucrative market in 2016 vis-à-vis volume.
"Expanded perlite is considered to be green in the building and construction industry owing to its capability to reduce energy bills for heating and cooling needs," says a TMR analyst. Expanded perlite exhibits superior thermal properties because of which it is preferred in the manufacture of plaster, mortars, and wall insulation products.
Apart from this, the oil and gas sector is anticipated to fuel the growth of expanded perlite industry in the near future. Expanded perlite finds application in mining, shale gas drilling, and provides thermal insulation in oil wells. The number of oil rigs worldwide that are expected to become 20,000 by 2025 is expected to have a significant impact on the global expanded perlite market.
Safety Certification Makes Way for Application in Beverages Industry
Expanded perlite finds application in the agriculture sector as well. Due to its excellent water retention properties, expanded perlite is employed in plant rooting and soil conditioner to provide better nourishment to plants. Besides this, the chemically inert and non-toxic characteristic of expanded perlite has received certification from several regulatory authorities to be safe for food contact applications. This is leading to the demand for expanded perlite in the food and beverages industry for food contact filtration applications. It also finds application in the manufacture of green roofs and as soil aggregates in the horticulture sector.
Transparency Market Research (TMR), in one of its recent publications, says the global expanded perlite market to be highly consolidated that demonstrates stiff competition amongst a handful of well-entrenched players.
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The leading players in this market, namely Imerys SA, Supreme Perlite Company, Cornerstone Industrial Minerals Corporation, and Silbrico Corporation bank upon on capacity expansion, mergers and acquisitions, and joint ventures in order to bolster their position and to expand their geographical outreach. For example, in 2016, Specialty Chemicals, a division of Arkema Chemicals acquired Winkelmann Mineraria srl- an Italy-based company engaged in the manufacture of cellulose and expanded perlite for the agro-food market. The helped Specialty Chemicals expand its filter aid range especially to serve end-use industries in South Europe.
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Expanded Perlite Market Size to Grow Exponentially During the Assessment Period 2017 – 2025
Transparency Market Research Report Added "Expanded Perlite Market" to its database.