According to a report by Grand View Research, Inc., global perlite market is estimated to value USD 1,591.4 million by 2025 growing at a CAGR of 7.0 % during the forecast period (from 2018 to 2025). Growing requirement for efficient and lightweight raw materials in various construction and agricultural activities is anticipated to propel the demand for perlite minerals. This industrial mineral offers some useful properties such as excellent weather resistance and high mechanical strength. It is formed naturally by hydration of a naturally occurring volcanic glass called obsidian. Perlite expands greatly when heated sufficiently.
Growing requirement for residential and commercial spaces, owing to rapid urbanization and industrialization across many developing regions, can fuel the market expansion in the forthcoming years. Technological developments focusing on introducing cost-effective manufacturing processes are anticipated to stimulate the market growth. Favorable government initiatives aimed towards the development of agriculture and construction sectors can also have a positive influence on the perlite demand. The global perlite market is segregated on the basis of application and region. Based on application, the market is categorized into industrial, filtration & process aid, construction products, horticultural & agricultural, and others.
Full Research Report On Perlite Market Analysis:
In 2016, the construction products segment dominated the market and accounted for a revenue share of 31.1 %. It is anticipated to grow at a similar pace even during the forecast period and can account for a market share of 32.5 % by 2025. In horticulture and agriculture, perlite is used to avoid soil compaction owing to its high permeability. In addition, it can also be used in hydroponics, a process of growing plants without soil. It also plays a major role in industrial applications due to its numerous beneficial properties such as fire resistance and non-toxic nature. The others application segment includes soaps, personal care products, detergents, and toothpastes. The mineral is also used in the filtering liquids in the pharma and food industries due to its sterile nature.
Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In North America, the market is expected to witness a significant growth during the forecast period. Passage of infrastructure-related bills, decreased unemployment rates, and reduced construction prices due to easy availability of shale gas can fuel growth of the construction sector in the region. High demand for accommodation and rising living standards can also influence the market demand in the coming years. In Europe region, the market is anticipated to grow at a substantial rate on account of low interest rates on home loan and increasing disposable income levels.
View more reports of this category by Grand View Research at:
In addition, supportive initiatives and investments from local governments in the agriculture and construction sectors is expected to augment the market expansion. Italy, in particular, has diversified agriculture sector due to numerous crops being cultivated in the Europe region. These crops include oil seeds, olives, protein crops, and cereals. It is also known for its vineyards, which can contribute to 9.9 % of its crop cultivation. Thus, the presence of agricultural diversification, ranging from marginal farming to high-productivity farming, can further stimulate the perlite market growth in Europe region.
In Asia Pacific, the market is likely to witness high growth as a result of increasing investments from local governments in major construction projects, which in turn, would fuel the demand for perlite over the next few years. Some of the leading companies operating in the perlite market are Supreme Perlite Company; Bergama Perlite; Aegean Perlites SA; The Schundler Company; and Genper Group. Most of these market players invest in R&D activities to develop innovate, application-specific products to maintain their position in the global perlite market.
For instance, Pearl Drops is offering a new teeth whitening product, which is based on a combination of the company’s advanced teeth whitening formula and perlite minerals. In addition, it also offers plaque and fluoride removers for healthier and stronger teeth with everyday brushing.
Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
Country: United States