Unexpanded Perlite Market Growth Offers Room to Grow to Existing & Emerging Players
April 01, 2022
Stratview Research has recently added a new report titled Unexpanded Perlite Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Unexpanded Perlite Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Imerys SA (France)
- Perlite-Hellas (Greece)
- Cornerstone Industrial Minerals (US)
- The Schindler Company (Switzerland)
- Gulf Perlite (UAE)
- Midwest Perlite (US)
- Perlite Vermiculite Packaging Industries (US)
- Hess Perlite (US)
- Dicalite Management Group (US)
- Pratley Perlite Mining (South Africa)
Market Highlights
The Unexpanded Perlite market is projected to grow from USD 9.6 million in 2020 to USD 11.6 million by 2026 at a CAGR of over 3.3% during the forecast period. The rising agricultural activities in the Asia Pacific and Europe have bolstered the demand for agricultural grade unexpanded perlite owing to its superior aeration & hydration properties. Expanding construction industry is likely to boost the product usage for sandblasting applications in the industry.In addition, rising R&D initiatives by key perlite miners to manufacture products with value-added features are further expected to offer lucrative opportunities to the market players.
Segment-wise analysis
Based on application, the unexpanded perlite market has been classified into slag coagulant, sandblasting, agriculture, casting sand and mixtures, and others. Under these, the sandblasting segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Unexpanded perlite is finding usage in sandblasting applications, due to uneven rough shape and low-density features, which makes it a critical component in sandblasting machines, thereby bolstering the segment growth.
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising product usage in casting sand mixtures, sandblasting, and foundries in China and India is likely to boost the market growth. Also, growing foundry applications such as sand casting and slag coagulant in the region further proliferate the regional market growth in the coming years.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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