by The expanded perlite market is estimated to be valued at US$ 1.51 billion in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Expanded perlite is a natural volcanic mineral that undergoes expansion through heating to transform into an extremely low-density material. It has a variety of applications ranging from building insulation, horticulture substrate, filter aids, construction materials, and personal care products owing to properties such as acoustic and thermal insulation, lightweight, fire resistance, and moisture resistance.
Market Dynamics:
The primary drivers fueling growth of the expanded perlite market include rising awareness regarding green building materials and emergence of sustainable construction practices. Expanded perlite offers superior insulation as compared to conventional materials like fiberglass, cellulose, and polystyrene at a lower bulk density. It also improves energy efficiency of buildings by maintaining desired indoor temperatures without compromising on structural integrity. These advantages have increased its adoption in wall cavities, attics, basements and greenhouses.
Market key trends:
The global expanded perlite market has been witnessing strong growth owing to increased construction activities around the world. Perlite is widely used as a substitute for sand, vermiculite and scouring pads in the construction industry. It enhances properties like fire resistance, insulation and light weight construction in buildings. Moreover, expanded perlite is also gaining popularity as a soil amendment and filtration media which is driving its demand in agriculture and industrial sectors.
SWOT Analysis:
Strength: High compressive strength and light weight properties make it suitable for various construction applications.
Weakness: Heavy reliance on mining activities exposes perlite market to environmental regulations.
Opportunity: Increasing investments in infrastructure and real estate will augment the growth of perlite market. Rising agricultural output is also expanding the application scope.
Threats: Availability of substitute products like vermiculite and popularity of recycled materials pose threat to perlite market.
Key Takeaways:
The global Expanded Perlite Market Demand is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing construction activities worldwide. The market was valued at US$ 1.51 billion in 2023.
Regional analysis:
North America dominated the global market in terms of revenue owing to high construction spending in the US. Asia Pacific is expected to grow at the fastest pace, driven by infrastructure development projects in China and India. Countries like Turkey, Greece, Iran are also major producers of perlite contributing to regional market growth.
Key players:
Key players operating in the expanded perlite market are Imerys SA, Termolita S.A., Aegean Perlites SA, Perlite Hellas, Cornerstone Industrial Minerals, The Schundler Company, Gulf Perlite LLC, Keltech Energies Ltd., Silbrico Corporation, Perlitsan, Blue Pacific Minerals, Dupré Minerals Limited, Midwest Perlite Inc., Hess Perlite, Dicalite Management Group, Perlite Vermiculite Packaging Industries, Pratley Perlite Mining Co (Pty) Ltd., Brasil Minérios, Perlit-92 Kft, Cevahir Perlit Madencilik.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
