Asia Pacific Expanded Perlite Market: Introduction
The expanded perlite market in Asia Pacific was valued at ~US$ 350 Mn in 2019. It is anticipated to expand at a CAGR of ~5% from 2020 to 2030. China held a major share of the expanded perlite market in Asia Pacific in 2019. The high share held by China is due to the presence of major manufacturers of expanded perlite across the country.
Key Drivers of Asia Pacific Expanded Perlite Market
Expanded perlite has diverse functionalities in construction applications. It helps reduce the overall weight of finished products. Expanded perlite offers acoustical and thermal insulation properties. It improves the flow characteristics and workability of bulk products (mortars and plasters). It is considered a chemical-resistant material that can withstand microbial attacks and organic solvents. Attributes of expanded perlite include its extremely low packing density, high temperature insulating characteristics, and light weightiness, which help decrease the density of products and saves costs. These desirable properties of expanded perlite make it a preferred material to be utilized in the steel & foundry industry for the production of hot topping and ladle topping. Additionally, expanded perlite is also utilized in the production of refractory blocks, bricks, and oil well cement.
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Expanded perlite is also employed as soil moisture retention additive in agricultural & horticulture applications. As per research conducted by the International Center for Biosaline Agriculture (ICBA), expanded perlite helps lower the consumption of water for irrigation purposes by 50%. In addition to its water saving benefits and promotion of plantation growth, it is also used as natural additive to reduce soil mixture weight by up to one-third of its overall weight. The demand for expanded perlite is high in agriculture-based economies such as India, Italy, Brazil, Vietnam, Thailand, and China due to its outstanding property of water retention.
Market Share of Prominent Players
Key players operating in the expanded perlite in Asia Pacific are Henan Blider Mining Product Co., Ltd, Shenzhen Huayao Electronic Materials Co., Ltd., KyungDong One Co. Ltd., Imerys S.A., Omya SA, AUSPERL Pty Ltd, Xinyang Caster New Material Co Ltd., Jujiang Perlite Factory of China, and Santosh Chemical Co. The expanded perlite market in Asia Pacific is fragmented in nature and a majority of small producers across China have presence across the market in the region.
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Asia Pacific Expanded Perlite Market: Segmentation
Asia Pacific Expanded Perlite Market, by Type
- Closed-cell Expanded Perlite
- Open-cell Expanded Perlite
Asia Pacific Expanded Perlite Market, by Application
- Building & Construction
- Plasters & Renders
- Ceramic Tiles Adhesives
- Insulation Material
- Others (fireproofing sprays, acoustical sprays, etc.)
- Paints & Coatings
- Plastic Manufacturing
- Agriculture & Horticulture
- Refractory Brick
- Cultured Marble
Asia Pacific Expanded Perlite Market, by Country and Sub-region
- South Korea
- Rest of Asia Pacific
Companies in the Asia Pacific Expanded Perlite market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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