Substantial Growth Opportunities of Expanded Perlite Market Till 2024, Anticipated To Grow At A CAGR of 7.4% Expected To Reach USD 1.3 Billion (With Impact Analysis of COVID-19)


News provided by

Kenneth Research

Jun 08, 2020, 14:40 EST


New York, United States, Jun 08, 2020, 14:40 /Comserve / -- The global expanded perlite market is anticipated to expand at a robust compound annual growth rate (CAGR) of 7.4% during the forecast period i.e. 2020-2024. The global market is expected to reach a valuation of about USD 1.3 Billion Until 2024.

According to recent research study conducted by Kenneth Research, Global expanded perlite market is anticipated to expand at a robust compound annual growth rate (CAGR) of 7.4% during the forecast period i.e. 2017-2024. Further, the global market of expanded perlite stood at revenue of USD 710.6 Million in 2015. Further, the global expanded perlite market is expected to reach at a valuation of about USD 1.3 Billion by the end of 2024.

“The CAGR value Could change due to COVID-19 Pandemic”

Expanded perlite is a formless natural volcanic rock which has a property to expand when heated at suitable temperature (760-980 degree Celsius). Further, it has a number of properties such as low bulk density, high heat resistance, low sound transmission, high surface area, low thermal conductivity, chemical inertness and light weight which make it more acceptable in industrial applications. These expanded perlites are highly used in constructional products.

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Market Size and Forecast

Global expanded perlite market is anticipated to expand at a robust compound annual growth rate (CAGR) of 7.4% during the forecast period i.e. 2017-2024. Further, the global market of expanded perlite stood at revenue of USD 710.6 Million in 2015. Further, the global expanded perlite market is expected to reach at a valuation of about USD 1.3 Billion by the end of 2024. Rising construction activities all across the globe and growing application of expanded perlite in various industries including oil & gas and other industries are key factors which are anticipated to spur the growth of global market during the forecast period.

Additionally, global expanded perlite market is segmented into application and region. Regionally, the global market is segmented into five major regions including North America, Asia Pacific, Europe, Latin America and Middle East & Africa region.

Among these regions, North America was accounted for the maximum share of global expanded perlite market in 2016. Presence of leading producers of expanded perlite in North America region is a major factor which is believed to augment the demand for expanded perlite in near future. Additionally, growing oil & gas industries is also a major factor which is likely to fuel the growth of expanded perlite market in North America region.

In terms of volume, Asia Pacific is the largest consumer of expanded perlite and Asia Pacific expanded perlite market accounted for more than 30% share of overall market of expanded perlite. Further, Asia Pacific is likely to be the fastest growing market of expanded perlite during the forecast period owing to high constructional activities due to urbanization in emerging Asian economies and growing demand for expanded perlite for gardening purposes in this region.

By application, the construction segment is dominating the global market of expanded perlites. Growing application of expanded perlite in construction activities coupled with increasing constructional activities in emerging economies is likely to allow this segment to continue its dominance over few years.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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Key Players

Aegean Perlites SA
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Supreme Perlite Company
Cornerstone Industrial,
Perlite-Hellas,
Schundler Company,
Keltech Energies,
Silbrico Corporation,
Gulf Perlite LLC,
Termolita,
Imerys SA
Scope and Context

Market Segmentation

Our in-depth analysis has segmented global expanded perlite market into the following segments:

By Application

Constructional Products
Sub-Floor Heating Insulation
Light Weight Plaster Aggregate
Roofing Shakes
Ceiling Tiles
Mortars & Grouts
Chimney Flue Relining
Others
Insulating Refractories
Filtration
Waste Water Treatment
Horticultural
Others
By Region

Global expanded perlite market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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Growth Drivers & Challenges

Global expanded perlite market is primarily driven by growing constructional activities across the globe coupled with increasing use of expanded perlite in constructional products. Further, use of expanded perlite in constructional products including bricks, ceiling, plaster and other products is increasing globally.

Furthermore, application of expanded perlite in horticultural industry is rising due to it’s exceptionally water holding characteristics. Moreover, rising demand for horticultural produced fruits and vegetables, decorative plants and seeds especially in China is augmenting the demand for expanded perlite.

Additionally, expanded perlites have a wide range of applications including filtering, water treatment, filler and other applications. Likely, growing demand for expanded perlites in different industries including oil & gas industries, waste water treatment industries, beer industries and horticulture industries is projected to drive the growth of expanded perlite market in near future.

However, presence of alternatives of expanded perlites such as Styrofoam, barite and other polymeric foam is a major challenge to the growth of expended perlite market. Further, availability of alternatives of expanded perlite for most of applications is key factor which is expected to dampen the growth of global expanded perlite market in near future.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: https://www.kennethresearch.com/sample-request-10075685

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

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