Pumice: Introduction
- Pumice is a naturally occurring extrusive volcanic rock that is produced when lava with high water and gas content is discharged from the volcano. Pumice is a light rock material filled with tiny bubbles of gases, which is obtained after cooling and hardening of lava.
- Pumice are obtained in large chunks or thin powders, also named as ‘pumicite’, which is fine grained ashy version of pumice. Pumice is mostly used in lightweight constructionmining in desired grades, ranging from lump coarse, interme materials, such as concrete block and concrete, across the globe.
- Pumice is produced from open pit diate fine to extra fine. Pumice mining is an environment-friendly process because the igneous rock is deposited on the surface of the earth in loose aggregate forms and requires very less machinery for production.
Key Drivers and restraints of Pumice Market
- Increase in demand for building material, such as concrete for building construction sites, is expected to drive the pumice market during the forecast period. Rapid industrialization and urbanization is a major factor propelling investment in the development of residential & commercial buildings. Pumice is lightweight in nature and is employed in construction materials. These characteristics of pumice are driving the pumice market. Furthermore, increase in investment in the mining sector due to focus on development of infrastructure is also anticipated to boost the market.
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- Demand for personal care products is increasing, which in turn is expected to drive the pumice market, as pumice is used as an abrasive in personal care products especially in soap manufacturing because it is safe for the body due its non-toxic nature
- Rise in investment in the architecture industry has fueled the demand for pumice, as it is required in large proportion for insulation, roofing, and landscaping. This, in turn, is expected to boost the pumice market.
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- Rise in research & development of new building materials is projected to boost the global pumice market between 2021 and 2031. Lightweight pumice concrete offers high elasticity and insulation than other concrete. This property of pumice makes highly preferable over other concrete.
- Shift in trend toward the adoption of eco-friendly products is anticipated to propel the pumice market. The mining of pumice is an eco-friendly process, as it is deposited on the surface of the earth in loose aggregate form.
- Instability in government policies regarding mining and volatility in prices of construction material are also estimated to restrain the market.
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COVID-19 Impact Analysis
- The coronavirus pandemic completely stopped the world due to the lockdowns imposed in major countries across the globe. Several restrictions were placed on mining activities during the lockdown. Furthermore, major industries such as building materials and infrastructure development had to halt their construction services.
- Building materials and abrasive are major end-users of pumice. Therefore, restriction on construction and manufacturing due to lockdowns negatively impacted the pumice market.
Key Development in Pumice Market
- In June 2020, CR Minerals, a leading manufacturer of high quality pumice products and construction materials, announced to inaugurate a new manufacturing facility in Pueblo, Colorado, U.S.
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