Vermiculite, naturally occurring minerals rich in metal oxides like aluminum, iron, magnesium, and potassium, are extensively used in creating fire-resistant products for gardening, automotive, and construction industries. In the first half of 2023, Vermiculite experienced fluctuating prices with initially slow demand, but steady growth later, thanks to ample inventories. Periodic overstocking, however, led to occasional price declines, overall keeping the Vermiculite market stable.
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Definition
Vermiculite is a naturally occurring mineral that consists of hydrated laminar magnesium-aluminum-iron silicates and oxides. It is characterized by its ability to expand when heated, forming lightweight and fire-resistant granules. Vermiculite is widely used in various industries, including gardening, construction, and automotive, for its insulation, fireproofing, and moisture-retention properties. It is also employed as a growing medium for potted plants due to its water-holding capacity.
Key Details About the Vermiculite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Vermiculite in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Vermiculite Price chart, including India Vermiculite price, USA Vermiculite price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Vermiculite Price Trend:
Vermiculite is employed across several key industrial sectors for its diverse applications. It is used in the gardening industry as a soil amendment for its moisture retention properties. In construction, vermiculite is utilized in fireproofing and insulation materials. Additionally, it plays a role in the automotive sector for heat and sound insulation applications. Its versatility makes it valuable in various industrial processes and products.
Key Players:
- Showa Denko K.K.
- Mitsui Sumitomo Metal Mining Brass & Copper
- Zhongxin
- Yuli Xinlong
- Mayue
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