Unexpanded Perlite Market Size

Unexpanded Perlite Market Size

Unexpanded Perlite Market size was over USD 8 million in 2016 and is projected to expand at over 3% CAGR over the forecast timeframe.

Positive growth indicators in the construction industry mainly in the Asia Pacific is attributed to industrialization & urbanization which will propel product demand owing to its sandblasting application in the industry. The aforementioned trend is likely to help generate promising gains to the unexpanded perlite market size over the projected timespan. In India, government has planned 100 smart cities which will invite investment of more than 2 trillion in the coming years which will help attain significant gains to crude perlite market size during the forecast timespan. The product possesses high heat resistance and insulating product properties which helps in removing impurities during sandblasting process. Sandblasting is a surface treatment process in which a solid surface is cleansed, shaped and smoothened using solid particles at high speed. The product is applicable for reducing the intensity of heat emanated from the sandblasting process. Additionally, there is no toxic gases emission or hazardous fumes by product use in sandblasting operation.

Product also finds extensive applications across agriculture sector, as it is among one of the most important component for soil. It is used as an ingredient of fertilizers for soil as it provides aeration and balanced moisture for desired plant growth. The product makes soil ventilated and improves drainage with 60% ventilation and 90% porosity. It has a neutral pH value and is lightweight, weed-free and sterile. This makes it a desirable choice for growing plants in containers. In addition, owing to its low electrical conductivity, it protects plant from daily temperature fluctuations. Furthermore, it has several other applications across agriculture sector including carrier for pesticides, herbicides, fertilizers & pelletizing seeds, greenhouse cultivation, landscaping applications and small nurseries at home. The aforementioned trends are anticipated to make prominent contribution to crude perlite market size in the forecast timespan.
 

Product has a complicated and high-priced extraction processes which makes it cost inefficient in comparison to its existing counterparts in the industry. Additionally, raw perlite contains fine particles which may cause breathing problems in humans, and henceforth are likely to obstruct the unexpanded perlite market size in the coming years. However, increasing R&D initiatives by major perlite miners to produce products with more value-added features are likely to generate plentiful opportunities for the crude perlite market size in the forecast spell.