Global Perlite Market Insights Forecasts to 2032
- The Global Perlite Market Size was valued at USD 1.62 Billion in 2022.
- The market is growing at a CAGR of 6.6% from 2022 to 2032
- The Worldwide Perlite Market Size is expected to reach USD 3.08 Billion by 2032
- North America is expected to grow the fastest during the forecast period
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The Global Perlite Market Size is expected to reach USD 3.08 Billion by 2032, at a CAGR of 6.6% during the forecast period 2022 to 2032.
Perlite, commonly referred to as pearl stone, is a crystalline rock formed naturally by the quick cooling of molten lava. It has a high silicate ratio and can be found in a variety of colors, including green, gray, brown, blue, and red. Perlite is an intact amorphous aluminum silicate with excellent resistivity to heat, low volumetric density, minimal transmission of sound, high surface area, and low electrical and thermal conductivity. Perlite, which can be discovered mostly in volcanic areas, is recovered and manufactured using traditional open-pit processes like as blasting and ripping. The growing popularity of perlite in construction segments due to its advantageous qualities such as low combustion rate and less noise transmission is likely to drive the global perlite market forward. Perlite is frequently employed in agriculture to slow the expansion of anaerobic bacteria. Because of its coarse texture, it is employed to hold air or oxygen, which will positively improve agricultural section growth. It is utilized in lightweight plasters, concrete and mortar, insulation, and ceiling tiles in the building and manufacturing industries. Perlite is also commonly employed in biotechnological applications because of its thermal and mechanical stability, non-toxicity, and great resistance to microbial assaults and organic solvents.
Global Perlite Market Report Coverage
|Market Size in 2022:||USD 1.62 Billion|
|Forecast Period 2022-2032 CAGR:||6.6%|
|2032 Value Projection:||USD 3.08 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Form, By Application, By End-User, By Region, and COVID-19 Impact Analysis|
|Companies Covered:||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., and Exfoliators Pty Ltd.|
|Pitfalls & Challenges:||COVID-19 has the potential to impact the global market|
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The rising need for the use of perlite from the agricultural, construction, and infrastructure industries is likely to boost the market during the forecast time frame. In addition, whereas new industries grow, the demand for industrial construction develops, generating opportunities for perlite to be chosen over alternative materials. Furthermore, the increased use of perlite in applications such as water waste filtration and the conditioning of soil will give more opportunities for the perlite market to grow in the future years. The increased demand for perlite for fire rating, insulation, and noise reduction is likely to drive the projected expansion of the perlite market over the forecast period. Furthermore, the regulatory authorities safety accreditation is expected to move the perlite industry forward. Additionally, the increasing demand for high-temperature insulators in the petroleum and natural gas industries is expected to support the perlite market's expansion.
Furthermore, perlite producers are concentrating on the development of innovative perlite materials that may be utilized directly in green buildings, as well as recycled and reused. Corporations are making investments in R&D activities and technology to create durable perlite materials that are both affordable and mechanically strong. This higher expenditure in R&D initiatives to produce sustainable perlite materials will give opportunities for the development of the perlite market throughout the forecast period.
However, the serious negative consequences of perlite may pose new obstacles to the perlite market's growth over the period of forecasting. Perlite is classed as a nuisance or inert dust, and exposure to it can cause temporary physical irritation, pain, decreased visibility, and a greater likelihood of long-term health problems. Furthermore, the constraints on the usage of refractories due to rising environmental concerns will likely hinder the development of the perlite market throughout the forecast period.
By End-User Insights
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 sector consumes the vast majority of the perlite market volume. Perlite market in the building industry is ascribed to its long-lasting, lightweight, and cost-effective qualities, which are expected to fuel market growth throughout the forecast duration. Perlite is employed as an aggregate in lightweight insulating concrete as well as plaster in the construction of masonry as a loose fill insulating material, as an interior cavity insulating material in residential homes, and in specialist applications which include chimney fills, fire resistance sprays, acoustical sprays, and interstitial floors. Perlite is also utilized in a variety of construction and building products due to its density and low cost, including insulation, ceiling tiles, concrete, mortar, and lightweight plasters. Furthermore, because it is a lightweight substance with monetary advantages in architecture and construction, expanded perlite aggregate (EPA) is utilized as sound and temperature insulation.
By Form Insights
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. Expanded perlite is chemically inert, non-toxic, and functions as a thermal, electric, and acoustic insulator. This perlite has various benefits, one of which is that it is widely used in the formulation of personal care items such as soaps and scrubs. It also has a number of properties, including strong insulation, acoustic properties, and outstanding moisture absorption. Boulders, cement mixes, concrete ingredients, masonry, and bricks are all made from expanded perlite. It is becoming more popular in horticulture to improve retained moisture and oxygenation for enhanced growth of plants. It is also commonly used to illuminate conditions and preserve nutrients in packaged garden soil and commercial greenhouses.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the Perlite Market Size with more than 48.7% market share over the forecast period. The region's market expansion is anticipated to be fueled by the region's developing infrastructure in nations like India, China, Malaysia, Thailand, and Japan. With the increasing use of perlite in horticulture, agricultural production has exhibited an exceptional yield. The usage of an irrigation system can also increase yield, which boosts perlite adoption. Perlite is also utilized in the building industry as a filler for ceiling tiles, floor heating insulation, highway sound-absorbing walls, and other applications. Perlite usage is predicted to rise throughout the forecast period due to increased construction activity. Construction activity in China increased significantly, leading to an increase in demand for perlite in construction applications.
North America, on the contrary, is expected to grow the fastest during the forecast period. The market for perlite in the region is anticipated to increase as the region's commercial construction industry expands. The rising need for high-temperature insulation from the region's oil and gas sector is expected to fuel market expansion during the period of forecasting. Development in the region's horticultural sector has contributed to fostering the growth of the perlite market.
List of Key Market Players
- 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.
Key Market Developments
- On January 2023, Liebherr-Hausgeräte plans to launch a line of residential fridge freezers that use a vacuum and lava stones as energy-efficient, recyclable insulation. Perlite as a raw material will represent a quantum jump in energy efficiency, allowing models to attain energy efficiency classes A and B in compliance with EU legislation. According to Liebherr, perlite has an extremely low thermal conductivity due to its crystalline microstructure, and the vacuum provides the best possible energy insulation.
- On February 2023, Titan Cement has purchased a stake in Aegean Perlites. On the island of Yali, the firm has perlite and pozzolan quarries. It can also use port facilities. Titan Group says it is increasing its volume of pozzolan-based cementitious products with a reduced clinker factor by investing in direct access to pozzolan sources.
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
Perlite Market, Application Analysis
- Ceiling Tiles
Perlite Market, End-User Analysis
- Horticulture & Agriculture
Perlite Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the Perlite market?The Global Perlite Market is expected to grow from USD 1.62 billion in 2022 to USD 3.08 billion by 2032, at a CAGR of 6.6% during the forecast period 2022-2032.
2. Which are the key companies in the market?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.
3. Which segment dominated the Perlite market share?The construction segment in end-user type dominated the Perlite market in 2022 and accounted for a revenue share of over 46.2%.
4. Which region is dominating the Perlite market?Asia Pacific is dominating the Perlite market with more than 48.7% market share.
5. Which segment holds the largest market share of the Perlite market?The expanded segment based on form type holds the maximum market share of the Perlite market.
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