Perlite Market Report 2023 | Growth Rate, Trends, Industry Share, Size and Forecast
Players in this market are investing in research & development activities due to the increasing demand for perlite and to withstand intense competition.
What is Perlite?
Perlite is a naturally occurring volcanic glass that is mined and processed for use in a variety of applications, including construction, horticulture, and industrial processing. It is formed when obsidian, a type of volcanic glass, is subjected to high heat and pressure. When it is heated to a high temperature, the water trapped within the glass expands, causing the glass to puff up and become porous. This process is called expansion. Perlite has a number of properties that make it useful in various applications. It is lightweight, has a high insulation value, and is able to retain moisture while also allowing excess water to drain away. In construction, it is often used as a lightweight aggregate in concrete, plaster, and insulation materials.
According to the new market research report "Perlite Market by Form (Expanded Perlite and Crude Perlite), Application (Construction, Agriculture & Horticulture, and Industrial), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2025", published by MarketsandMarkets™, The global perlite market size is expected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. Perlite is used across applications, such as construction, horticulture & agriculture; industrial is the key end-use industry owing to the wide applications of this perlite.
Perlite Market Demand
The demand for perlite depends on a number of factors, including the strength and durability of the material, its insulating properties, and its versatility in a range of applications. The demand for perlite has grown in recent years as the material has become more widely recognized and used in a range of applications. In construction, perlite is used as a lightweight aggregate in concrete and plaster, as well as in insulation products. In horticulture, perlite is used as a soil amendment to improve drainage and aeration, and as a growing medium in hydroponic systems. In industry, perlite is used as a filter aid, a carrier for catalysts and pesticides, and in the production of glass and ceramics.
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Browse in-depth TOC on "Perlite Market"
173 – Tables
43 – Figures
175 – Pages
Perlite Market Key Players
- Imerys Minerals (UK)
- Keltech Energies (India)
- Dupré Minerals (England)
- Amol Dicalite (India)
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Perlite Market Segmentation
- Expanded Perlite
- Crude Perlite
- Horticulture & Agriculture
The industrial is expected to register the highest CAGR in the global perlite market during the forecast period.
Perlite has various beneficial properties; it is non-toxic, fireproof, and lightweight in nature. It is available in different sizes and can be expanded to the preferred volume according to the application areas. It can also hold numerous liquids such as chemical mixtures, oil, and water. These properties have increased the demand of perlite in various industrial applications such as abrasives, well cement, plastic fillers, and cryogenic tanks. The industrial segment is the fastest segment of the global perlite market with a CAGR of 8.0%, in terms of value.
- North America
- Asia Pacific
- South America
- Middle East and Africa
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APAC is expected to hold the largest market share in the global perlite market during the forecast period.
Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the intimate apparels and sportswear industries in countries such as China, Japan, India, South Korea, and Australia have led to an increased demand for Perlite in the Asia Pacific region.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors