Albany, New York, September 13, 2017: Vermiculite is a mineral that is hydrous silicate in nature and belongs to a group of gidroslyud possessing a coated structure. Vermiculite is a lamellar crystal that is brown or golden yellow colored. Vermiculite refers to various types of micaceous minerals that are hydrous silicates in nature and are formed by the expansion of the mica granules at high temperatures to produce a lightweight and a highly water-absorbent material. Vermiculite possesses the properties like inertness, low density, fire resistance, good insulating properties and high capacity for the absorption of liquids. It is widely used in a variety of applications in agriculture and construction. Other applications of vermiculite is in improving the general quality of the soil. Keeping such widespread uses of vermiculite in view in critical sectors of agriculture and construction, the Market Research Reports Search Engine (MRRSE) has included a new report in its database titled ‘Vermiculite Market – Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 – 2020’.
Factors influencing the growth of Vermiculite Market
The market of vermiculite is finding large scale applications in the expanding construction industry and this is anticipated to boost the market. In the construction industry, vermiculite is used in the general plasters application. Vermiculite is also used on its own or is mixed with similar and other light weight aggregates like perlite. Vermiculite is used to formulate fire resistant plasters and acoustic products. It is generally mixed with binders such as Portland cement, rheological aids and fillers and gypsum. Exfoliated vermiculite is treated with water repellent and used to improve fire resistance, audibility performance and properties of insulation. Vermiculite also finds applications in aluminum industry where it is used because of its non-wetting properties with aluminum. Due to the excellent insulating properties of vermiculite, its use is widespread in construction where it is used in the masonry to increase the fire ratings, reduce the transmission of noise, and reduce the intrusion of vermin and termites.
The market for vermiculite is being boosted by the demand in the agriculture sector due to its property of conditioning the soil. In addition, exfoliated vermiculite is used in improving the ventilation of sticky soils and also to enhance its capacity of holding water. Vermiculite besides being used as a soil conditioner is also used as a carrier for the dry handling and slow release of chemicals used in agriculture. Vermiculite is also an excellent additive for potted plants. It is also a fast growing medium for hydroponics and helps in the germination of seeds. Vermiculite also finds applications in the pesticides and fertilizers market. Even in the automobile sector, vermiculite is used as a substitute for asbestos in brake lining.
This report has profiled some of the leading market players operating in the vermiculite market. Some of them include Australian Vermiculite Industries, Palabora Mining Company (RSA), JSC Kovdorsluda, Virginia Vermiculite, Samrec, Uniao Brasiliera de Minirecao among others.
Browse Full Global Vermiculite Market Report with TOC : http://www.mrrse.com/vermiculite-market
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