Unexpanded Perlite Market predicted to grow exponentially by 2024
Date: 2018-10-05   Author: Rahul Varpe  Category: #market

Driven by the rapid pace of industrialization & urbanization across the various emerging economies in Asia Pacific region, the unexpanded perlite market size has proliferated at an unprecedented pace in the recent years. The ever-increasing urbanization has apparently led to a marked rise in construction and industrial sectors across nations like India and China. This has, in consequence, further triggered extensive mining activities to obtain more perlite for its application across the aforementioned business verticals.

As per reliable sources, China had doubled the perlite production as it discovered more than 15 mines in 2008 – a factor that would certainly foster the utilization of crude perlite across numerous applications which comprise of sandblasting, slag coagulant, and casting sand & mixtures, etc. Apparently, owing to the aforementioned aspects the Asia Pacific unexpanded perlite industry share is likely to register revenue gains in excess of 4% over the forecast time frame, as per trusted estimates.

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Over the recent years, the growth prospects of worldwide unexpanded perlite market have continued to witness a substantial upswing. A marked increase in the number of research and development initiatives undertaken by prominent perlite miners to manufacture products with enhanced characteristics are likely to bolster the overall unexpanded perlite industry share in the forthcoming years.

Moreover, in order to attain the competitive edge and broaden the existing product portfolio, numerous leading unexpanded perlite market players have been focusing on launching advanced products. Citing an instance of the same, Imerys SA has recently showcased two perlite-based scrub products, namely ImerCare™ 190P-Scrub and ImerCare™ Velluto, which can predominantly be utilized by the cosmetic industry.

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Elaborating further on the two new additions to the unexpanded perlite market, the latest ImerCare™ mineral range is being said to be a 100% natural alternative to plastic beads incorporated in face scrubs. These products have been reportedly designed to extract particles with a controlled size distribution and the ones with a unique spherical shape. Apparently, such particles are considered as ideal for face applications as they are gentle in physical exfoliation and are easy to utilize. Needless to mention, the launch of such innovative products would propel the overall unexpanded perlite market size expansion. In fact, as per a research report by Global Market Insights, Inc., unexpanded perlite industry constituted a total remuneration portfolio of around USD 8 million in the year 2016.

Meanwhile, it would be prudent to mention that unexpanded perlite market share is reasonably consolidated courtesy – the presence of some prominent names in polymers and advanced materials industry such as Pratley Perlite Mining, Midwest Perlite Inc, Cornerstone Industrial Minerals Corporation, the Schundler Company, Perlite-Hellas, Imerys SA, Gulf Perlite LLC, Hess Perlite, Dicalite Management Group, PVP. Furthermore, endowed with an application base inclusive of construction, slag coagulant, sandblasting, agriculture, casting sand & mixtures, the unexpanded perlite industry has undeniably evolved into a consumer-centric business over the past years.

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Subsequently, the globally renowned manufacturers have been striving to develop value-added and highly customized solutions to suit the diverse requirements of consumers. As a consequence of the aforementioned declarations, the unexpanded perlite market is anticipated to surpass a total revenue collection of USD 11 million by 2024, as per reliable estimates.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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