Zion Market Research, the market research group announced the analysis report titled ‘Expanded Perlite Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Expanded Perlite Market: Overview
Perlite is formed from the hydration of the obsidian. It is an amorphous volcanic glass whose water content which is high. The perlite is mainly found in the volcanic regions and it expands significantly when heated. After processing and milling of the perlite expanded perlite are obtained. During the expansion process, the water molecules are released which lowers its weight and density. Expanded perlite has exceptional insulation properties.
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Global Expanded Perlite Market: Segmentation
The globally expanded perlite market is segmented into its applications and regions. On the basis of application, the global market is segregated into filters, filtration & process aids, construction products, horticultural aggregates, and others. Region-wise, the globally expanded perlite market is diversified into North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
Global Expanded Perlite Market: Growth Factors
The prime factor that is driving the expanded perlite market globally is the wide increase in the construction activities across the globe, especially in the developing countries. The demand for the ancillary materials has increased which in turn has increased the demand for the expanded perlite. The other factor that is contributing to the market growth is the increasing horticulture activities which use expanded perlite as an after ingredient in order to formulate the soil aggregates due to the increased water retention properties. The other application segment where the expanded perlite is used is in the beer industry. They find their application in the breweries. For the purpose of soundproofing applications and thermal application, perlite can be supplanted by the materials such as diatomaceous rock, polymeric foams, and barite.
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Global Expanded Perlite Market: Regional Analysis
The region that is dominating the expanded perlite market is the North America region. The country that holds the largest market share in the North American region is the US. The factor that contributes to this growth is the presence of the major consumers and producers in the region. Rise in the shale gas production in the country of the US has triggered the market growth. The other region that is growing fast at a significant pace is Asia Pacific region. The major contributors in the Asia Pacific region are Japan, India, and China which is owing to the factor that the construction industry has grown considerably. The demand for the expanded perlite is high in the application areas such as horticulture, personal care applications, construction products, and filtration in the Asia Pacific region. The construction products segment is anticipated to fuel the market growth in the Middle East and Africa region. The increasing construction activities in Dubai, Saudi Arabia, and Qatar have contributed to the market growth in the MEA region.
Global Expanded Perlite Market: Competitive Players
The major market players in the expanded perlite market include Aegean Perlites SA, Supreme Perlite Company, Cornerstone Industrial Minerals, Perlite-Hellas, and Cornerstone Industrial.
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Global Expanded Perlite Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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