Albany, NY , Feb. 17, 2016 (GLOBE NEWSWIRE) -- An upward swing in the construction industry in several developing countries and the subsequent demand for ancillary materials will also benefit the global expanded perlite market, says Transparency Market Research (TMR) in a recent study. The report, titled ‘Expanded Perlite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ reveals that the global market for expanded perlite will log a CAGR of 7.3% from 2015 through 2023. In 2012, the expanded perlite market stood at US$676.7 million. Increasing consumption of expanded perlite in filtration operations in the oil and gas industry as well its use in horticulture will help the global expanded perlite market rise to US$1.2 billion by the end of 2023.
Another factor that will have a palpable impact on growth trajectory of the expanded perlite market will be the new growth avenues that the beer industry is currently enjoying in regions that have not traditionally been copious consumers of beer.
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However, manufacturers and suppliers of expanded perlite will have to brave with an unavoidable headwind in the form the many substitutes that threaten to eat into the revenue of the market. Although this restraint will not deal too severe a blow to the global expanded perlite market, players can further soften the impact of the same by focusing on emerging applications of expanded perlite in premium personal care products and other specialty products. The report studies the market’s raw material supply chain, which ensures that the expanded perlite market remains on the growth track.
The regional markets studied in the report are Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. The report studies the market for expanded perlite in key countries within each of these aforementioned regions. In 2014, Asia Pacific accounted for over 30% of the global perlite market, in volume terms. The region will continue to register the fastest rate of growth in the coming years, which also means that no other region will replace Asia Pacific as the largest consumer of expanded perlite in the near future. From the competitive standpoint, the global expanded perlite market faces the lack of a solid, consolidated structure at the global level as it is mostly composed of regional players that serve their local market. This pattern has emerged over time as it is cheaper to transport crude perlite as compared to expanded perlite; the former needs to be put through a fairly simple expansion process that can be done in-house by buyers of crude perlite. Players profiled in the global expanded perlite market are: Imerys SA, Aegean Perlites SA, Silbrico Corporation, Cornerstone Industrial Minerals Company, P.V.P. Industries Inc., The Schundler Company, and Keltech Energies Ltd.
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The global expanded perlite market is studied on the basis of applications and regions. By application, the market is segmented into construction products, fillers, filtration and process aids, horticulture aggregates, and other applications. The construction products sector consumed the highest volumes of expanded perlite in 2014. The consumption of expanded perlite in the horticulture industry accounted for over 12% of the global consumption in 2014. However, the demand for expanded perlite will rise robustly in the manufacture of filtration and process aids, making this segment especially lucrative for the market in the near future.
The Report segments the global expanded perlite market as follows:
Expanded Perlite Market & Application Analysis
- Construction products
- Horticultural aggregates
- Filtration & process aids
- Others (miscellaneous consumer and industrial products, etc.)
Expanded Perlite Market – Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research