The global perlite
market is anticipated to reach USD 1,591.4 million by 2025, according
to a new report by Grand View Research, Inc. The advantages offered by perlite
in construction applications include increased mechanical strength,
lightweight, and weather-resistant finish. These advantages are anticipated to
boost industry growth over the forecast period.
Growing urbanization and increasing industrialization
has led to a rise in demand for perlite in construction sector. Increasing
participation to sustain the demand, coupled with the reduced raw material
prices, is projected to drive perlite market over the forecast period. Several
manufacturing companies are shifting their focus toward developing regions such
as Asia Pacific and Central & South America (CSA) on account of the
availability of cheap labor.
Perlite market is governed by strict regulations for
its use in construction, filtration, and agriculture. The Mine Safety and
Health Administration (MSHA) and Occupational Safety and Health Administration
(OSHA) has laid down guidelines for perlite producers to ensure the safety of
workers in mines. Technological innovations aimed toward the development of
cost-effective manufacturing processes are also expected to remain a critical
success factor for market growth over the forecast period.
The industry is highly competitive in nature due to
the presence of several global market players. A large number of market
participants are collaborating with research agencies to develop improved
perlite products with different applications to gain a competitive edge.
Browse full research report on Global Perlite Market: https://www.grandviewresearch.com/industry-analysis/perlite-market
Further
key findings from the report suggest:
- The global perlite industry was valued at USD 891.1 million in
2016. The market is anticipated to reach USD 1,591.4 million by 2025,
denoting a CAGR of 7.0% from 2017 to 2025.
- In terms of revenue, construction products dominated the segment in
2016. The segment accounted for over 31.1% of the total market in the same
year.
- Horticultural & agricultural application was ranked at the
second position, accounting for 25.4% of the total market in 2016 in terms
of revenue. Perlite is used in agricultural applications on account of its
ability to carry herbicides, pesticides, and fertilizers.
- In terms of revenue, Asia Pacific has dominated the global perlite
market in the past few years, accounting for a share of 33.8% in 2016.
This dominance is expected to continue over the forecast period owing to
significant growth in end-use industries.
- The industry is highly competitive in nature with the presence of
several global players
- Some of the key players operating in the industry are Aegean
Perlites SA, Bergama Perlite, Supreme Perlite Company, The Schundler
Company, and Genper Group
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand
View Research has segmented the global perlite market in terms of application
and region:
Application
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- Construction
Products
- Horticultural
& Agricultural
- Industrial
- Filtration
& Process Aid
- Others
Regional
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Europe
- Greece
- Turkey
- Italy
- Asia Pacific
- China
- India
- Central &
South America
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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