Opportunity: Investment In R&d Activities In Perlite Market

By Author: Robin White
Total Articles: 94
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Growing concerns about the environment have increased demand for the environment-friendly and sustainable use of perlite. Perlite manufacturers are focusing on developing advanced perlite products that can be directly used in green buildings and be recycled and reused. Manufacturers are investing in R&D activities and technologies to develop sustainable perlite materials that are cost-effective and at the same time provide mechanical strength.

Players in this market are investing in research & development activities due to the increasing demand for perlite and to withstand intense competition. This increased investment in R&D activities to develop ecological perlite materials will provide growth opportunities for the perlite market in the next five years.

The global perlite market size is estimated to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in ...
... various end use industries of perlite ranging from construction industry. Increasing demand from APAC will further drive the growth of the global perlite market.

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Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India), and other among others are the leading perlite manufacturers, globally. These companies adopted expansion, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the perlite market.

Imerys Minerals (UK) is the largest player in the market. In October 2020, IMCD US and IMERYS Minerals expanded their distribution agreement. IMCD will now represent IMERYS Performance Minerals as its preferred distributor across the U.S. and Canada.
In June 2020, IMERYS Performance Minerals acquires Cornerstone Industrial Minerals Corp. The acquisition was done to strengthen its offering in the agriculture and horticulture markets.
In December 2019, Keltech Energies expanded its existing & addition of new explosive products at Village Garamsur, Post Dudhala, Tahsil Katol, District Nagpur. The total cost of the project after expansion was Rs. 63.17 crores.

The construction industry will continue to lead the Perlite market, accounting for a share of 43.5% of the overall market, in 2019 terms of value. Perlite is used as an aggregate in lightweight insulating concrete and plaster in masonry blocks as loose fill insulating material, as a cavity wall in residential homes, and also in specialty applications such as chimney fills, fireproofing sprays, acoustical sprays, and interstitial floors. Expanded perlite aggregate (EPA) is used as a heat & sound insulator since it is a lightweight material that ensures economic benefits in building & construction.

Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the construction and agriculture industries in countries such as China, Japan, and India have led to an increased demand for Perlite in the Asia Pacific region.

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