Global Perlite Market Size To Worth USD 3.08 Billion By 2032 | CAGR of 6.6%.
Category: Chemicals & MaterialsGlobal Perlite Market to Exceed USD 3.08 Billion By 2032
According to a research report published by Spherical Insights & Consulting, the Global Perlite Market Size is to grow from USD 1.62 billion in 2022 to USD 3.08 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.6% during the projected period. The rising adoption of perlite in various applications such as plaster, mortar, ceiling tiles, concrete, and others in several end-user including construction, horticulture & agriculture, industrial, and others is expected to boost the demand for the perlite market during the forecast period.
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Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on the "Global Perlite Market Size, Share, and COVID-19 Impact Analysis, By Form (Crude, Expanded), By Application (Plaster, Mortar, Ceiling Tiles, Concrete, Others), By End-User (Construction, Horticulture & Agriculture, Industrial, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/perlite-market
Perlite, often known as pearl stone, is a crystalline rock created by the rapid cooling of molten lava. It has a high silicate ratio and comes in a range of colors such as green, gray, brown, blue, and red. Perlite is an amorphous aluminum silicate with great heat resistance, low volumetric density, low sound transmission, a large surface area, and low electrical and thermal conductivity. The rising popularity of perlite in building segments, owing to its advantageous properties such as low combustion rate and reduced noise transmission, is expected to propel the worldwide perlite market ahead. Perlite is commonly used in agriculture to limit the growth of anaerobic bacteria. Because of its thermal and mechanical stability, non-toxicity, and high resistance to microbial assaults and organic solvents, perlite is also widely used in biotechnological applications. The increased demand for perlite in the agricultural, construction, and infrastructure industries is expected to drive the market during the forecast period. Furthermore, when new businesses emerge, so does the demand for industrial construction, creating the potential for perlite to be preferred over alternative materials. Furthermore, the rising usage of perlite in applications such as water waste filtration and soil conditioning will provide further potential for growth in the perlite market in the coming years.
The construction segment accounted for the largest revenue share of more than 46.2% over the forecast period.
On the basis of end-user, the global perlite market is segmented into construction, horticulture & agriculture, industrial, and others. Among these, the construction segment is dominating the market with the largest revenue share of 46.2% over the forecast period. The building and construction industry utilizes the lion's share of the perlite market volume. The long-lasting, lightweight, and cost-effective features of perlite in the building industry are likely to drive market expansion over the forecast period. Furthermore, expanded perlite aggregate (EPA) is used as sound and temperature insulation because it is a lightweight material with financial benefits in architecture and construction.
The expanded segment is dominating the market with the largest revenue share over the forecast period.
On the basis of form, the global perlite market is segmented into the crude and expanded. Among these, the expanded segment is dominating the market with the largest revenue share of 88.6% over the forecast period. Chemically inert, non-toxic expanded perlite serves as a thermal, electric, and acoustic insulator. One of the many advantages of perlite is that it is commonly utilized in the formulation of personal care items such as soaps and scrubs. It also has a lot of qualities, including excellent moisture absorption and high insulation.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with more than 48.7% market share over the forecast period. Market expansion in the region is expected to be supported by the region's increasing infrastructure in countries such as India, China, Malaysia, Thailand, and Japan. The increased usage of perlite in horticulture has resulted in extraordinary yields in agricultural production. The use of an irrigation system can also increase yield, which encourages the use of perlite. Perlite is also used as a filler in the construction sector for ceiling tiles, floor heating insulation, highway sound-absorbing walls, and other purposes. On the other hand, North America is predicted to expand the fastest during the forecast period. The region's perlite market is expected to grow as the region's commercial construction industry increases.
Major vendors in the Global Perlite Market include Amol Minechem, Keltech Energies Ltd., Imerys Minerals, Dupré Minerals, Supreme Perlite Company, IPM Group of Companies, Cevahir Perlite, EP Minerals, Genper Group, The Schundler Company, Bergama Mineral Perlite, Aegean Perlites SA, Azer Perlite Corporation, Profiltra BV, Coxmin Minerals Ltd., Mianeh Perlite Expanding Co. Ltd., Exfoliators Pty Ltd. among others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Perlite Market based on the below-mentioned segments:
Perlite Market, Form Analysis
- Crude
- Expanded
Perlite Market, Application Analysis
- Plaster
- Mortar
- Ceiling Tiles
- Concrete
- Others
Perlite Market, End-User Analysis
- Construction
- Horticulture & Agriculture
- Industrial
- Others
Perlite Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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