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Expanded Perlite Market 2024 Key Players Aegean Perlites SA, Perlite-Hellas, Supreme Perlite Company, Cornerstone Industrial, Perlite Vermiculite, Keltech Energies, Cornerstone Industrial Minerals and The Schundler Company
Expanded Perlite Market
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Expanded Perlite Market is estimated to reach over USD 1.3 billion by 2024 according to this new research report. There has been a considerable demand for expanded perlite in construction industry, which will propel its market in the forecast timespan. The construction segment has become well organized in the past few years. Globalization of this industry will give an impetus to the product market. Due to the rapidly growing economies, the infrastructure has been on the forefront, which will give a boost to the construction segment, thus, accelerating the product market growth.
Oil and gas industry will contribute significantly to the global product industry. The number of oil rigs are estimated to increase in number by 2024, which will contribute to the high demand for the product. The horticulture sector has been growing at a remarkable pace to fill the gap between demand and supply of food. This will also positively influence the product market.
Barite, diatomaceous rock and polymer foams are the substitutes which can pose a threat for the product market. Though, the emerging applications of the product will lead to a sprouting growth of global product market.
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Expanded perlite has several applications in oil and gas industry, construction products, fillers and horticulture industry. The application of expanded perlite in fillers is estimated to generate high revenue for the product market, owing to the increased use of the product in cinder blocks. The horticulture segment will experience significant gains owing to the demand for the product in the preparation of soil aggregates. The horticultural produce accounted for over 25% of the overall animal products and food business.
The product is used in beverage and drinking water filtration due to its inert nature. The beer production is projected to exceed 210 gigalitres by 2024 which will leave a positive impact on the product market.
Shale gas segment is projected to substantially increase the product demand in U.S. The mining and drilling operations will favorably influence the product market growth. The existence of key market players in North America will drive the market. Japan, China and India are expected to contribute to the overall market share in Asia Pacific region, owing to the increased horticultural activities in the region.
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The companies dealing with the product are Aegean Perlites SA, Imerys SA (Imerys), Perlite-Hellas, Keltech Energies Ltd. (KEL), Supreme Perlite Company, Cornerstone Industrial Minerals Corporation, Silbrico Corporation, Midwest Perlite Inc., The Schundler Company, Perlite Vermiculite Packaging Industries Inc. (PVP), etc.
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