LONDON--(BUSINESS WIRE)--The global perlite market is expected to grow at a CAGR of more than 7% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global perlite market by application (based on application such as construction, horticulture, and filter aids). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: perlite reduces the number of installations of insulated precast panels
Growing concerns about maintaining a green environment have popularized insulation. The insulation of a building must be improved for the implementation of any green source of energy (for example, solar panels). Insulation helps in saving energy and keeps the house warm in winter and cool in summer. Numerous types of insulation are available for walls, roofs, windows, doors, and floors. In case of wall insulation, insulated precast concrete wall panels are used. These are characterized by two layers of concrete separated by a layer of rigid insulation. Though these panels exhibit superior properties, they increase the expense of construction.
According to a senior analyst at Technavio for specialty chemicals research, “The installation of precast concrete walls is cost-intensive and is a tedious process. Perlite can be used as an insulation material as it has a high softening point and low thermal conductivity. Compared with other materials used for insulation, it requires less time for installation and is inexpensive. It can be used as insulation inside cavity walls, concrete masonry block, and as coarse aggregate in concrete.”
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Market trend: increasing number of oil rigs
Perlite is used in drilling activities. A lubricating mud comprising water, clay, pozzolans, and other materials is used for drilling oil, water, and gas. The lubricating mud passes through the bottom of the drill case and space between the wellbore. The drilling case is cemented to prevent the entry of corrosive water and other contaminants into the well. The cementing of the drill casing is done with perlite concrete. Unlike other types of cementing materials (diatomaceous earth, pozzolan, fly ash, and glass beads), perlite concrete is lightweight. It can withstand heat and is a low-cost alternative.
Market challenge: regulations by MSHA and OSHA
Perlite is obtained as a mineral from mines. Though it does not contain toxic substances, the mining process is dangerous. The mining operations should be carried out under guidance and supervision to ensure the safety of workers. On March 29, 1979, the Mine Safety and Health Administration (MSHA) and Occupational Safety and Health Administration (OSHA) signed an agreement to ensure the safety, health, and working conditions of employees engaged in underground and surface mineral extraction (mining). The use of numerous metals and non-metals is regulated by these guidelines, and perlite is one such non-metal.
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