Growth Accelerated by Increased Demand from Agriculture and Construction Industries

 

Expanded perlite market

Expanded perlite is a volcanic glass that has been heated until its water content is vaporized, causing it to puff up into a lightweight expanded form. It is an amorphous alumino-silicate that increases by up to 20 times in volume when heated. Expanded perlite has high moisture resistance, low density, and excellent insulating properties. These attributes make it suitable for use in applications such as insulation, filtration, horticulture, construction materials, and absorbents. The global Expanded Perlite Market is estimated to be valued at US$ 1.51 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends: The major driving factor for the growth of the expanded perlite market is the increasing demand from the agriculture and construction industries. Expanded perlite is used as a soil amendment and plant growth medium in agriculture as it enhances soil aeration and water retention. The lightweight properties and heat insulation abilities of expanded perlite make it suitable for use in construction applications such as plaster, concrete, insulation, and roofing. Rapid growth of the construction industry, especially in developing countries is propelling the demand for expanded perlite. Furthermore, growing awareness regarding benefits of using expanded perlite over traditional materials is expected to present lucrative opportunities for market growth over the forecast period.

Segment Analysis

The global expanded perlite market is dominated by construction sub-segment. Around 60-65% of expanded perlite is consumed by construction industry for applications such as plasters, concretes and mortars where it is used as an additive or filtration media. It improves insulation and fire resistance properties of concrete and plasters. Furthermore, perlite has high porosity which makes it suitable for use in building construction where it enhances lightness and strength of materials.

 

Key Takeaways

The Global Expanded Perlite Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

 

Regional analysis: Europe accounted for the largest share in the global expanded perlite market in 2023 owing to high demand from construction industry in countries like Germany, UK, France, Italy etc. However, Asia Pacific is expected to witness fastest growth between 2023-2030 with China, India, Japan being major consumers. This can be attributed to ongoing infrastructure development activities and growth in construction spending in emerging economies of the region.

 

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. Imerys and Termolita capture around 30% of global market share due to their large production capacity and global presence.


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