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