Market Snapshots:
Perlite is a naturally occurring amorphous volcanic glass which expands and becomes porous when heated. Perlite expands exceptionally, as much as 20 times to its original volume when heated, which sets it apart from other volcanic glasses. Perlite finds application in various industry verticals such as agriculture & horticulture, construction, and others which propels the growth of the Global Perlite Market. As per the analysis of Market Research Future (MRFR), the global perlite market is poised to grow at a CAGR of approximately 6.85% over the forecast period of 2018-2023. The Global Perlite Market stood at USD 1,512 Mn in 2017 and is slated to reach a valuation of USD 2,250 Mn by the end of 2023.
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The Acceleration in the growth of the construction industry, especially in residential construction is expected to reflect positively on the growth of the market. High functional properties of perlite make it desirable in various application. In the construction industry, perlite is used for fire ratings, reduction of noise transmission, insulation, and for applications in under-floor insulation, chimney linings, paint texturing, gypsum boards, and others.
Expanded perlite, in particular, forms an essential part of the construction industry for lightweight insulating concrete, masonry fill insulation, loose fill insulation, and others. Expanded perlite has demonstrated outstanding yield in horticultural applications. They are used for moisture retention in soil-less growing mixes, greenhouse plantations, and landscaping purposes. Encouraging results in horticulture has fostered the growth of the global perlite market.
On the downside, the growth of the Global Perlite Market can be dampened by the availability of substitutes which are environmentally less hazardous and can be used without losing any of the benefits of perlite. Fine particles found in perlite may cause breathing problems in humans.
Report Overview:
This MRFR report provides a thorough analysis of the prime factors determining the growth of the Global Perlite Market in the regions of North America, Europe, Asia Pacific, South America, and the Middle East & Africa. It also focuses on the revenue size of significant players in the market along with the strategies adopted by them for expansion. The report covers the application of perlite in construction, agriculture & horticulture, and others. Revenue analysis based on different forms of perlite has also been provided as a part of the research.
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Research Methodology:
At MRFR, primary emphasis is laid down on data accuracy to present a comprehensive view of the market and its various components. Both primary and secondary research methods are implemented to provide an in-depth analysis of current and historical trends of the market. Primary data mining includes interactions with top-level decision makers in the relevant field while secondary data collection uses credible sources to verify the data collected through primary means. The top-down and bottom-up approaches are deployed for the estimation of market size and ensure the reliability of the information provided.
Players Covered:
Imerys Performance Additives (France), Amol Dicalite Limited (India), Genper Group (Turkey), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Keltech Energies Ltd (India), Whittemore Company (US), The Schundler Company (US), Dupré Minerals (UK), IPM Group of Companies (Turkey), and Others.
Segmental Analysis:
By Form
- Expanded Perlite
- Crude Perlite
By Application
- Construction
- Agriculture & Horticulture
- Industrial
- Others
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
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