Vermiculite is generally extracted using an open cast mining technique where in the ore is separated from other minerals and further screened & classified into several basic particle sizes. The vermiculite mining market comprise of vermiculite by different entities, with the key application area such as agriculture, automotive, chemical packaging, construction, fire protection, and other applications. It is a hydrated magnesium aluminum silicate mineral, largely found in abundance across different geographies. It looks like mica as in appearance and extensively used for manufacturing the molded shapes for open fire places, high temperature insulations, and as fireproofing material of structural steel and pipes. It is also widely used in applications such as automotive industries for preparing brake linings. The vermiculite possesses the extra-ordinary thermal resistance which is the prime factor for use in large number of application areas. Some of key application areas of vermiculite include its use in floor and roof screeds and concretes; used as soilless media in hydroponics, soil enhancer etc. The Vermiculite industry is anticipated to boost with considerable CAGR during the forecast period, on account of its extra-ordinary applications in several industries.
Vermiculite can be efficiently used
in varied number of ways including hydroponics, and essentially as soil-free
gardening. Though hydroponics gardeners not use soil, they often use the other
materials to support the growth of their plants. Vermiculite-based materials
are also used in the place of soil in various settings like seed germination,
or when rooting cuttings.
Vermiculite further assists the
plants to easily absorb the nutrients, including magnesium, calcium, and
potassium. It can also be unified with some other non-soil materials for
instance perlite and pumice to create the custom hydroponic growing media.
As per analysis, “Vermiculite
Mining Global Market Report 2020-30: Covid 19 Impact and Recovery” the
key companies operating in the global vermiculite mining market include Samrec
Vermiculite; Palabora Mining Company; Virginia Vermiculite Llc; JSC
Kovdorsluda; UBM Uniao Brasileira de Mineracao S.A. and among others. The
Vermiculite miners are nowadays relying considerably on the advanced heavy
lifting transportation to move modular equipment to remote location sites.
By type, the vermiculite mining market can be segregated as fine or finer grade vermiculite, large grade vermiculite and medium grade vermiculite. Based on product type, market is segmented as exfoliated vermiculite and crude vermiculite. Additionally, based on end-user industry, market is segmented as agriculture, construction, automotive, chemical and others. The construction section is further categorized into building plasters, ultra & light weight aggregates; and concretes-insulation and roofing systems.
The vermiculite mining market is
driven by increase in use of vermiculite in hydroponics & agriculture
industry, followed by rise in demand from aluminum smelting industry and growth
in automotive & construction industry.
Based on regional analysis, the
Asia-Pacific region dominates the global vermiculite mining market owing to
considerable amount of vermiculite is exported from China and South Africa. The
North-America and Europe regions are estimated to witness higher growth rate
due to growth in innovations in automotive industry and roof insulating concretes
over the forecast period.
For More Information, Click on the Link Below:-
Global
Vermiculite Mining Market
Related Reports:-
Vermiculite
Mining Global Market Forecast To 2022
Vermiculite
Mining Global Market Report 2019
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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