Green Building Initiatives Generate Stable Revenue Streams for Commercial Perlite Manufacturers
Sustainability has become the key focus point of manufacturers in the commercial perlite market. Green building initiatives is a key driver that is contributing to the growth of the market for commercial perlite. Moreover, building & construction end-use industry segment is expected to lead the commercial perlite market. The global market is expected to reach ~US$ 1.7 Bn by the end of 2027. Hence, manufacturers are leveraging opportunities in the green building industry to accommodate the ever-increasing human habitation within limited resources.
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Green building initiatives are being highly publicized in the U.S., since the buildings consume one-third of the total energy, two-thirds of the electricity, and one-eighth of the water, thus creating a tress on the resources. These initiatives are creating a demand for commercial perlite to assess the effects a building has on its site. Stakeholders in the building & construction industry are utilizing valuable information to deploy sustainable solutions throughout the life cycle of a building.
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Novel Performing Solutions Solve Major Public Health Issues in Developing Economies
Apart from building & construction, companies in the commercial perlite market are tapping opportunities in novel formulations. For instance, leading producer of industrial minerals Imersys announced the launch of Imergard WP, a malaria-fighting perlite-based innovation that can be spray applied on walls and kills mosquitos that make contact with it. As such, companies are increasing research to develop formulations that prevent immunization of insects toward the formulation.
The global commercial perlite market is projected to reach an output of ~6,100 kilo tons by 2027. An alarming rate of individuals dying due to malaria has created a demand for innovative commercial perlite-based formulations. Thus, malaria-fighting commercial perlite-based formulations are increasingly replacing traditional chemical insecticides, since insects and mosquitos become immune to these insecticides. Companies are taking efforts to increase production capacities in order to manufacture new and efficacious performing solutions to solve major public health problems in sub Saharan Africa.
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Commercial Perlite Gains Prominence in Storm Water Filtration
Various drivers have bolstered the utilization of commercial perlite in water quality management. Moreover, water treatment end-use industry segment is predicted for exponential growth in the commercial perlite market and the global commercial perlite market is expected to grow at a modest CAGR of ~5% during the forecast period. Thus, the concept of storm water filtration is acquiring popularity in the market for commercial perlite. Likewise, special attributes of expanded perlite are benefitting stakeholders in order to carry out storm water filtration. This is evident since expanded type segment accounts for the larger share of the commercial perlite market as compared to unexpanded/crude segment.
High surface area, neutral pH, and porous surface texture of expanded perlite have made it a preferred choice among stakeholders opting for storm water filtration. Likewise, the Washington State Dept. of Transportation have developed roadside media filter drains that incorporate horticulture-grade perlite, and agricultural gypsum held in place by crushed rocks to filter suspended solids and other pollutants from roadway runoff.
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