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Expanded Perlite Market 2020 – Global Industry Trends and Growth Forecast to 2024

09-04-2020 08:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Expanded Perlite Market

Expanded Perlite Market

Global expanded perlite market size will exceed USD 1.3 billion in terms of annual valuation by 2024. Driven by positive application in various end use industries including petroleum refining, pharmaceutical, construction and horticulture, expanded perlite market size will witness significant growth through 2024. Expanded perlite is an ultra-lightweight aggregate with low density ranging from 70-600 kg/m3 and offers unique benefits including fire resistance, heat and sound insulation.

This has led to increased utilization of the aggregate in lightweight concrete manufacturing. As the product enhanced concrete durability, it is gaining higher visibility in the construction sector. Due to its insulation features, it is gaining wide acceptance in greenhouse horticulture as well.

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Escalating demand for high strength, lightweight construction materials in modern infrastructure is likely to favor expanded perlite consumption over the coming years.

Growth of the horticulture sector

Expanded perlite offers excellent environmental conditions for producing nodes due to its capability for retaining humidity. The product boosts aeration for roots to balance water and air lever, preventing rottenness in crops. Rapid expansion of greenhouse agriculture has led to increased focus on reconditioning of soil, micronutrients and retaining moisture. In 2019, world greenhouse vegetable area was estimated around 496,800 hectares.

Along with the growth of year-round plants, controlled atmospheric conditions aid the growth of off-season vegetation year-round as well. Large scale utilization of the product in horticulture is contributing towards enhanced productivity in one crop rotation. Supportive government initiatives to expand greenhouse crop production by utilizing nutrition-sensitive crop diversification and ecosystem approach will fuel product demand over the coming years.

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Environment-friendly building construction in the U.S.

North America expanded perlite market is likely to gain traction on account of increasing investments in green building and construction projects. In 2011, almost 71% of the construction businesses in the U.S. utilized at least one green practice or technology and more than half were involved in reducing creation of waste materials and enhancing energy efficiency of their establishments.

The trend has been rising ever since. Paradigm shift towards environment-friendly buildings incorporating lightweight materials to offer enhanced reliability and high compressive strength will favor product proliferation. Rapid urbanization, economic growth and infrastructural development will offer potential opportunities for regional industry growth.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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