Maritime Transport Difficulties Surface Due to COVID-19 Lockdown Measures in Asia Pacific
The constant evolution of the COVID-19 (coronavirus) situation has compelled manufacturers in the Asia Pacific expanded perlite market to adopt new manufacturing and distribution strategies. Chemviron Carbong— a provider of activated carbon purification systems is anticipating a global impact on the activated carbon availability from Asia, since the region has been under scrutiny for lockdown measures. Since expanded perlite is used in advanced filtration systems, manufacturers are increasing their efforts to tackle logistics and transport operations in Asia Pacific.
Companies in the Asia Pacific expanded perlite market are taking additional initiatives to abide with the guidelines issued by the local authorities and health organizations. As such, companies are facing maritime transport difficulties in Asia Pacific due to lockdown measures. They are closely monitoring the COVID-19 situation and updating their strategies for maintaining steady supply chains.
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Moreover, lockdowns imposed by various governmental organizations in Asia Pacific to curb the spread of the COVID-19 pandemic have severely impacted the construction industry in the region. However, the COVID-19 pandemic has positively impacted the agriculture industry in Asia Pacific, owing to an increase in home consumption of food products. China, India, Thailand, and Indonesia are experiencing supply chain disruptions due to factory closures and transportation restrictions. The construction industry in China was at an all-time high before the COVID-19 outbreak. This construction industry in China experienced a dip of 28.1% in the first quarter of the current fiscal year due to the lockdown triggered by the COVID-19 pandemic. Several Infrastructure projects, such as Chongqing-Kunming high-speed railway and Xianyang International Airport expansion plan, have been delayed due to COVID-19.
Japan has experienced a relatively smaller COVID-19 outbreak as compared to that in other hotspots such as China, India, and ASEAN countries. As per the Japan Research Institute Limited, Japan’s GDP shrank an annualized 27.8% in the April-June 2020 quarter as compared to the same period in the previous quarter. Even before the COVID-19 pandemic, the construction industry in Japan was affected by the U.S.-China trade spat and a consumption tax hike last year. However, the lockdown was lifted in all 47 prefectures of Japan in late May 2020. This is estimated to boost construction and other sectors in the country in the near future.
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Green Building Initiatives Catalyze Demand for Expanded Perlite
Green building solutions are emerging as a solution to support the ever-increasing human habitation requirements. Since construction companies are falling short of resources, companies in the Asia Pacific expanded perlite market are increasing the availability for perlite, which deploys versatility and usefulness in green building initiatives. Multiple attribute rating programs such as LEED (USGBC) and new building standards such as the National Green Building Standard (IgCC) are encouraging the use of materials such as expanded perlite to prioritize energy-efficient resources in buildings.
Green roofs are becoming increasingly popular to help manage storm water and reduce the heat island effect in apartments located on top floors. Manufacturers in the Asia Pacific expanded perlite market are increasing their focus in perlite cement-based lightweight insulating plasters that are being used in residential villa projects. Cavity wall insulation, phase change insulation, and sub-floor insulation applications are creating revenue opportunities for manufacturers.
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Modifying Consistency of Paint Mediums Crucial for Coloring Sports Grounds
Paint and painting mediums are creating lucrative growth opportunities for manufacturers in the Asia Pacific expanded perlite market. Perlite is being increasingly used in water-based paints to increase the bulk of mediums. In order to create thick impastos, users are mixing perlite with calcite mediums in order to add to the bulk of the overall medium. Such paint mediums help to prevent settling of pigments in heavy extenders. On the other hand, perlite is being used to add texture and modify the consistency of paints.
Sports grounds and stadiums are fueling the demand for expanded perlite. Since perlite is an excellent filter aid, it is increasingly replacing DE in horticulture applications. Commercial uses of perlite involve manufacturing of mortars, insulation, and ceiling tiles. It has been found that more than half of the manufactured perlite worldwide is being used as a construction filler, owing to its adaptability and high-insulating qualities.
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