Global Expanded Perlite Market Share Is Likely To Reach At A CAGR Value Of Around 6.50% By 2028

14-Sep-2022 | Facts and Factors

According to Facts and Factors, the global expanded perlite market size was worth USD 1,392.40 million in 2021 and is estimated to grow to USD 2,031.70 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.50%over the forecast period. The report analyzes the expanded perlite market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the expanded perlite market.

Perlite is an amorphous volcanic glass that expands and becomes porous when naturally heated. When heated, perlite swells to 20 times its original volume, making it unique among volcanic glasses. It is used as an aggregate in lightweight insulating concrete, and masonry block gypsum is used as injectable insulation. It is used in chimney filling, acoustic spraying, and inter-floor cladding. Expanded Perlite Aggregate (EPA) is a thermal and acoustic insulation material due to it is lightweight with structural and economic advantages. Expanded perlite is primarily used in construction due to its lightweight and insulating properties. Concrete is therefore used to provide fire resistance, thermal insulation, and lightweight concrete and is ideal for other applications such as building roof terraces and filling voids. Rapid growth in the construction industry, especially in residential construction, is expected to boost the global expanded perlite market's growth. Perlite's high functional properties make it ideal for many applications. Perlite is used in the construction industry for fire protection, noise reduction, thermal insulation, underbody insulation, paint texturing, gypsum board, and other purposes.

Browse the full “Expanded Perlite Market Size, Share, Growth Analysis Report By Application (Construction Products, Fillers, Horticultural Aggregate, Filtration & Process Aid, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/expanded-perlite-market

Expanded perlite is used in a variety of products in the personal care industry as it is inert and environmentally friendly. Therefore, it is useful for both cosmetic and food-grade products. Expanded perlite is used as an abrasive in cosmetics such as soaps, facial cleansers, scrubs, and shower gels. It is also used in dental care products such as toothpaste. This product is a component of soil-free growing mixes, providing aeration and adequate water retention for excellent plant growth. This product is sterile, weed-free, and pH neutral. In addition, it is suitable for fertilizers, pesticides, herbicides, and seed pelleting. The demand for horticultural products is increasing all over the world. Many farmers lean towards horticulture as it produces quick yields in a short period. The availability of alternative materials may impact the global expanded perlite market share. Various alternatives such as barite, polymeric foams, and diatomite can be used in place of the product in many construction applications. However, alternatives such as vermiculite, cellulose, wood chips, and peat are available for various uses in the horticultural sector. These substitutes threaten the global market and could impede growth during the forecast period.

The global expanded perlite market has been segmented into applications and regions. Based on application, the market is classified into construction products, fillers, horticultural aggregate, filtration & process aid, and others. In 2021, the construction products category dominated the global market. The excellent insulating properties, lightweight, and versatility of expanded perlite make it an attractive material for the construction industry. This product is ideal for masonry fillers, floor systems, roof decks, and other areas where insulation is required. Rising construction activity across the globe is expected to fuel the growth of the expanded perlite market during the forecast period.

The global expanded perlite market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The Asia Pacific is anticipated to dominate the worldwide market for expanded perlite. Factors such as the surge in perlite consumption in the construction and agriculture industries in countries such as China, Japan, and India have increased the demand for perlite in the Asia-Pacific region. The construction industry primarily drove demand for expanded perlite in the region. Trends such as urbanization and lifestyle changes are expected to boost the expanding perlite market shortly.

Report Scope

Some of the main competitors dominating the global expanded perlite market include - Perlite-Hellas, Keltech Energies Ltd. (KEL), Aegean Perlites SA, Imerys SA (Imerys), Supreme Perlite Company, Midwest Perlite Inc., Cornerstone Industrial Minerals Corporation, The Schundler Company, Silbrico Corporation, and Perlite Vermiculite Packaging Industries Inc. (PVP).

Global Expanded Perlite Market is segmented as follows:

By Application

• Construction products
• Fillers
• Horticultural aggregate
• Filtration & process aid
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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