A recent report published by Infinium Global Research on perlite market provides in-depth analysis of segments and sub-segments in global as well as regional perlite market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional perlite market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global perlite market. According to the report, the global perlite market is projected to grow at a CAGR of 7.2% over the forecast period of 2018-2024.
Perlite is a naturally occurring volcanic glass which is typically formed by the hydration of obsidian. Perlite is not a trade name, rather it is a generic term used for naturally occurring silicious rock. Perlite has a relatively high content of water that helps it to expand 7 to 20 times its original volume when heated to a suitable point. The perlite composition includes 0.5-1.5% calcium oxide (CaO); 0.2-0.7% magnesium oxide (MgO); 0.5-2% iron oxide (Fe2O3); 3-5% potassium oxide (K2O); 3-4% sodium oxide (Na2O); 12-15%; and 70-75% silicon dioxide (SiO2), 12-15% of aluminum oxide (Al2O3), 3-4% sodium oxide (Na2O), 3-5% potassium oxide (K2O), 0.5-2% iron oxide (Fe2O3), 0.2-0.7% magnesium oxide (MgO), and 0.5-1.5% calcium oxide (CaO).
Perlite has outstanding insulation and lightweight characteristics so they are widely used in construction applications such as loose-fill insulation in masonry construction. Other than this, perlite also helps to enhance fire rating, reduce noise transmission, and provide insulation for the low temperature and cryogenic vessels in the construction sectors. The rapidly growing urbanization and industrialization in the developing countries which results in the robust growth of the construction and building industry. The growing construction industry drives the growth of perlite market worldwide. In addition, the perlite has the distinguishing feature than other volcanic glass including high expansion, insulation, lightweight and others that create the demand of perlites in various end-use industries such as Horticulture & Agriculture and chemical industries are expected to boost the growth of perlite market across all over the globe. However, the availability of Perlite substitutes for many of its application may hamper the growth of perlite market. For instance, the expanded clay is extensively used in the construction industry to produce lightweight concrete, blocks, and precast. The available substitutes of perlite include diatomite, expanded clay, Shale, Vermiculite and others. Moreover, the rising research and development activities by the market players to enhance the product portfolio and to improve the existing product is projected to create several opportunities for the perlite market in upcoming years.
Geographically, Asia-Pacific holds a major market share in perlite market. The growing construction in the Asia-Pacific region creates a huge demand for perlite for the construction application which is driving the growth of perlite market in this region. In addition, North America and Europe are having the significant market share in the perlite market owing to, production and the consumption of perlite for the various application such as Cannabis Growing, Ceiling Tile Manufacturing, construction, plastic and films fillers, and others. The Stable construction and automotive industries in North America and the Europe region are likely to boost the perlite market in these regions.
The report on global perlite market covers segments such as form and application. On the basis of form, the global perlite market is categorized into crude form, expanded form, and crushed form. On the basis of application, the global perlite market is categorized into construction, agriculture & horticulture, fillers, filter aid, industrial and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global perlite market such as, Aegean Perlites SA, Bublon GmbH, Carolina Perlite Company, Inc, Cornerstone Industrial Minerals Corp, Dicalite Management Group, EP Minerals, LLC, Exfoliators (Aust) Pty LTD, Genper Group of Companies, Perlite Canada, Inc., Gulf Perlite LLC and Others.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global perlite market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of perlite market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the perlite market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the perlite market to understand the present and future trends in this market and formulate their strategies accordingly.