Vermiculite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Vermiculite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Food

Report Description

Vermiculite is a hydrated magnesium aluminum silicate mineral, found in abundance across the globe, which resembles mica in appearance. It is used extensively to manufacture molded shapes for open fire places, high temperature insulations, and fireproofing of structural steel and pipes. It is also used in automotive industries for preparing brake linings as vermiculite possess extra-ordinary thermal resistance. Vermiculite has wide range of applications in which it is used, such as floor and roof screeds and concretes, used as soilless media in hydroponics, soil enhancer etc. Vermiculite market is expected to increase with a significant CAGR over the forecast period, owing to its extra-ordinary applications in several industries. Owing to increasing innovations in automotive industry, roof insulating concretes, etc. Vermiculite market is expected to witness robust growth over the forecast period.

Vermiculite Market: Segmentation

Vermiculite is found in various regions across the globe such as Brazil, Australia, South Africa, Russia, etc.  Vermiculite market is segmented on the basis of product type and application.

On the basis of product type, vermiculite market is segmented into crude vermiculite and exfoliated vermiculite. Exfoliated vermiculite holds relatively high value share as compared to crude vermiculite.

On the basis of application, vermiculite market is segmented into construction, chemical industry, automotive industry, agriculture, and others (animal feed stuff). Construction segment is further sub-segmented into building plasters, ultra and light weight aggregates and concretes, Insulation, and roofing systems.

Vermiculite Market: Drivers, Restraints and Trends

Increasing use of vermiculite in hydroponics and agriculture industry is expected to boost the sales of vermiculite market, as awareness of hydroponics is increasing among individuals. Vermiculite forms soilless media for growth of plant, and it is also used as enhancer for soil. Extensive use of vermiculite in aluminum smelting industry as an insulator is also expected to back the sales of vermiculite market. Automotive and construction industry is also playing a key role in increasing sales of vermiculite market as vermiculite is used in preparing roof concretes, construction plasters, and brake linings in automotive.

Vermiculite Market: Regional Outlook

On the basis of region, the vermiculite market is segmented into 7 key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.

On the basis of production, Middle East and Africa and Asia-Pacific holds the highest position in vermiculite market. A considerable amount of vermiculite is exported from South Africa and China. Vermiculite market is expected to increase in these regions over the forecast period with significant CAGR.

Europe holds significant value share of global vermiculite market which is expected to witness an upsurge in upcoming years.

In terms of consumption of vermiculite in the region, North America holds relatively high share and is expected to continue the trend over the forecast period.S.

Vermiculite Market: Key Players

There are number of key players that manufacture Vermiculite across the globe. Some of the prominent players are Palabora Copper (Pty) Limited., Virginia Vermiculite LLC, White Knight Minerals Private Limited., Dupré Minerals Limited., Whittemore Company Inc., Exfoliators (Aust) Pty Ltd, Palmetto Vermiculite Company, Mughal Ceramics Industry and various other manufacturers that operate globally.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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