A recent report published by Infinium Global Research on the perlite market provides an in-depth analysis of segments and sub-segments in the 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 the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global perlite market. According to the report, the global perlite market is projected to grow at a CAGR of over 6% over the forecast period of 2022-2028.
The global perlite market was valued at over USD 1500 million in 2022 and is expected to reach about USD 2200 million in 2028, with a CAGR of over 6% during the forecast period. Perlite is a naturally occurring volcanic glass that is typically formed by the hydration of obsidian. Perlite is not a trading name, rather it is a generic term used for naturally occurring siliceous rock. Perlite has a relatively high water content that helps it expand 7 to 20 times its original volume when heated to a suitable point. Furthermore, rising demand for agro-perlite in fillers. Agro Perlite is an expanded form of volcanic soil with a chemical composition that enhances the quality of the soil. Perlite is also a filler in the construction industry for highway sound-absorbing walls, acoustics, floor heating insulations, ceiling tiles, and others. Because of the rising construction activities, the consumption of perlite is expected to increase during the forecast period.
The rapidly growing urbanization and industrialization in developing countries result in the robust growth of the construction and building industry. The growing construction industry drives the growth of the perlite market worldwide. In addition, perlite has the distinguishing feature over other volcanic glass including high expansion, insulation, lightweight, and others that create the demand for perlites in various end-use industries such as Horticulture & Agriculture and chemical industries are expected to boost the growth of the perlite market across all over the globe. However, the availability of Perlite substitutes for many of its applications may hamper the growth of the perlite market. For example, the expanded perlite form is broadly utilized in the construction industry to produce lightweight precast and concrete blocks. The available substitutes for perlite include diatomite, expanded clay, shale, Vermiculite, and others. Furthermore, the increasing research and development activities by the major companies to expand the product portfolio and enhance the existing product is anticipated to create growth opportunities for the perlite market during the forecast period.
COVID-19 has positively and negatively affected the market growth during the forecast period. The wide spread of the covid-19 pandemic had drastically reduced the availability of products that were not related to the medical sector during the forecast period. Likewise, the decreased construction activities during the covid-19 pandemic hampered the market growth. Moreover, the adoption of new manufacturing and distribution strategies increased the spending of the companies during the pandemic period. However, the Pandemic has positively affected the agriculture sector due to home consumption of food products. Thus the use of perlite in the agriculture sector positively impacted the growth of the market during the forecast period.
Based on the region, the worldwide Perlite Market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. Geographically, Asia-Pacific holds a major market share in the 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 the perlite market in this region. In addition, North America and Europe are having a significant market share in the perlite market owing to, the production and consumption of perlite for various applications such as Cannabis Growth, Ceiling Tile Manufacturer, 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 the global perlite market covers segments such as form, and application. On the basis of form, the sub-markets include crude form, and expanded form. On the basis of application, the sub-markets include construction, agriculture & horticulture, fillers, filter aid, industrial, and others.
The report provides profiles of the companies in the 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., and Gulf Perlite LLC.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into 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 the perlite market. Moreover, the study highlights current market
trends and provides forecasts from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.