Perlite Market by Form (Expanded Perlite and Crude Perlite), Application (Agriculture and Horticulture, Industrial, Construction, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 1.5 billion mark in 2022 and is expected to hit US$ 2.5 billion by 2030, recording a CAGR of approximately 6.5% during the forecast period.
Demand for perlite is rising with the accelerating growth of construction industry
It is expected that expenditure on infrastructure and capital projects will increase dramatically during the forecast period. Developing countries such as South Africa, China, Brazil, India, and other Asia-Pacific nations are investing significantly in the building and construction sector. To commercialize and modernize, this investment is necessary. Investment in crucial infrastructure sectors like building, power, and transportation is expected to increase due to the rapid urbanization in rising economies such as India, Thailand, Malaysia, and Brazil. The increasing perlite usage in these developing regions is expected to rise along with the economic development of these countries.
Within the report, the market is segmented into form, application, and geography. By form, the market is further segmented into expanded perlite and crude perlite. Based on application, the market is divided into agriculture and horticulture, industrial, construction, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Increasing use of perlite as a processing aid and in filtration
Perlite is a naturally occurring siliceous rock. It is an amorphous volcanic glass with a relatively high water content, typically formed by obsidian hydration. Perlite has distinguishing features from other volcanic glasses in that when it is heated to a suitable point within its softening range, and it expands from four to twenty times its original volume. When perlite expands lightweight and insulating glass bubbles form in its particles. These broken bubbles and surface openings on the particles provide water and air holding capacity, essential in horticultural uses.
Rising demand from various industries is the major factor accelerating market growth
Growing demand for high-temperature insulation from the oil and gas sector is expected to drive the perlite market growth during the forecast period. Industrial applications include its use as a filter media for pharmaceuticals, chemicals, food production, and water for municipal systems and swimming pools. As it is inexpensive and low-density, the industrial mineral is used in various building and construction materials, including ceiling tiles, insulation, concrete, mortar, and lightweight plasters.
Recent strategic developments in the perlite market
The perlite market has undergone several significant developments, and a few of these have been mentioned below:
- In December 2021, Dicalite launched Perlite+ Silica & Hydroponic Perlite for cannabis and horticultural production under the Harvest Hero brand.
- In April 2020, Imerys acquired Cornerstone Industrial Minerals Corporation.
The perlite market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Imerys S.A., Aztec Perlite Company, Inc., Midwest Perlite, Goodwin PLC., and RS Minerals Ltd. are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Perlite-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- End users of perlite
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Form:
- Expanded Perlite
- Crude Perlite
- Application:
- Agriculture and Horticulture
- Industrial
- Construction
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Imerys S.A.
- Aztec Perlite Company, Inc.
- Midwest Perlite
- Goodwin PLC.
- RS Minerals Ltd.
Companies profiled
- Imerys S.A.
- Aztec Perlite Company, Inc.
- Midwest Perlite
- Goodwin PLC.
- RS Minerals Ltd.