AsiaPacific Expanded Perlite Market: Introduction
The expanded perlite market in Asia Pacific wasvalued at ~US$ 350 Mn in 2019. It isanticipated to expand at a CAGR of ~5% from 2020to 2030. China held a major share of the expanded perlite market in AsiaPacific in 2019. The high share held by China is due to the presence of majormanufacturers of expanded perlite across the country.
Key Drivers of Asia PacificExpanded Perlite Market
Expandedperlite has diverse functionalities in construction applications. It helpsreduce the overall weight of finished products. Expanded perlite offersacoustical and thermal insulation properties. It improves the flowcharacteristics and workability of bulk products (mortars and plasters). It isconsidered a chemical-resistant material that can withstand microbial attacksand organic solvents. Attributes of expanded perlite include its extremely lowpacking density, high temperature insulating characteristics, and light weightiness,which help decrease the density of products and saves costs. These desirableproperties of expanded perlite make it a preferred material to be utilized inthe steel & foundry industry for the production of hot topping and ladletopping. Additionally, expanded perlite is also utilized in the production ofrefractory blocks, bricks, and oil well cement.
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Expandedperlite is also employed as soil moisture retention additive in agricultural& horticulture applications. As per research conducted by the InternationalCenter for Biosaline Agriculture (ICBA), expanded perlite helps lower theconsumption of water for irrigation purposes by 50%. Inaddition to its water saving benefits and promotion of plantation growth, it isalso used as natural additive to reduce soil mixture weight by up to one-thirdof its overall weight. The demand for expanded perlite is high inagriculture-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 playersoperating 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 perlitemarket in Asia Pacific is fragmented in nature and a majority of smallproducers across China have presence across the market in the region.
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