Cleveland, OH, November 8, 2017 — US perlite and vermiculite demand is forecast to reach 755,000 metric tons in 2021, according to Perlite & Vermiculite: United States, a report recently released by Freedonia Focus Reports. Suppliers of perlite and vermiculite will benefit from expected gains in production of building products and lawn and garden spending.
Rising construction activity – expected to grow 2.4% annually in real terms to 2021 – will boost sales of perlite for insulation, concrete, and plaster applications. In addition, expanding consumer and business incomes are projected to bolster demand for perlite-based lawn and garden products. In addition, growth in construction expenditures is forecast to support vermiculite sales through 2021, boosting domestic production of both vermiculite-based building plasters and concrete as well as vermiculite-based soil media for lawn and garden uses.
Perlite and vermiculite demand in the agriculture and horticulture market is projected to outpace the leading building products market to 2021. Spending on lawn and garden consumables will rise as consumer and business incomes continue to grow. For instance, personal consumption expenditures on flowers, seeds, and potted plants is set to expand 1.0% yearly in real terms to 2021.
These and other key insights are featured in Perlite & Vermiculite: United States. This report forecasts US perlite and vermiculite demand in metric tons to 2021. Total demand is segmented by product in terms of:
Total demand is also segmented by market as follows:
- building products
- agriculture and horticulture
- other markets such as fillers, filtration, and motor vehicle brake linings.
To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Perlite-Vermiculite-United-States-11198515/.