REPORT HIGHLIGHT
Expanded Perlite Market size was valued at USD 1,580.9 Million in 2022, growing at a CAGR of 7.3% from 2023 to 2030.
Expanded perlite is a white granular substance with exceptional thermo-acoustic properties. The many microspores of dry air in the new structure cause the material to behave as a highly efficient natural insulator. The enlarged perlite keeps the original properties of the natural mineral. It is chemically neutral, inert to air agents and the passage of time, non-combustible, non-toxic, insoluble, and non-hygroscopic. As a result, perlite is an effective natural insulation for the construction and agricultural industries. Expanded Perlite makes an essential filtration aid where an inert, lightweight filter is required. It has a low-density availability, performance, cost, inert nature, and environmentally friendly footprint. It's also non-combustible.
Expanded Perlite Market - Market Dynamics:
- Increasing demand for perlite from the agricultural and construction industries is expected to drive the market during the forecast period.
- Expanded perlite is a non-hazardous substance. Its use can assist in minimizing the carbon impact of construction projects and agricultural practices. This enhances soil aeration, ensuring that plant roots receive ample oxygen. This supports healthy root growth and prevents root rot. There are non-soil environments created to prevent problems caused by tired greenhouse soils. There are non-soil environment applications up to %95 percentages in many countries around the world. Perlite can be used alone in these applications, as predicted by Genper Expanded Perlite Industry Business Co. Also, Expanded perlite is an excellent insulator. Its popularity in the construction industry stems principally from its capacity to provide thermal insulation, hence lowering energy consumption and increasing comfort. Research and development in fields like as horticulture, aquaponics, and hydroponics could lead to the discovery of new applications for enlarged perlite, driving up demand even more. However, while perlite extraction is typically regarded as environmentally favorable, changes in environmental rules can have an impact on manufacturing processes and costs.
Expanded Perlite Market - Key Insights:
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.3% over the forecast period (2023-2030)
- In terms of product type segmentation, Closed-cell-expanded perlite was predicted to show maximum market share in the year 2022
- Depending upon application segmentation, construction Industry was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Expanded Perlite Market- Segmentation Analysis:
- The Global Expanded Perlite Market is divided in terms of product type, application, and region.
- The market is divided into three categories based on product type: Closed-cell-expanded perlite and open-expanded Perlite. Closed Cell-Expanded perlite dominates the market. Because of its unusual features, expanded perlite has piqued the interest of several sectors. One of the most intriguing achievements in this field has been the manufacture of "closed cell-expanded perlite" or "closed-cell perlite." This is a type of expanded perlite in which the cellular structure is closed off, as opposed to ordinary expanded perlite, which normally has an open-cell structure.
- The market is divided into two categories based on application: construction Industry, Food and Beverage Industry, Agroperlite, Pharmaceuticals, Personal Care, Textiles, Environmental Solutions, and Others. construction Industry dominates the market growth. The unique qualities of expanded perlite make it a valuable material for a variety of construction applications.
Expanded Perlite Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Asia Pacific is expected to dominate the growth of the market, due to increasing Demand from the Construction Sector. The Asia Pacific region, which encompasses China, India, Indonesia, and the Philippines, is rapidly urbanizing. As more people move to cities, the demand for housing, infrastructure, and other urban amenities rises. Such investments can stimulate more construction projects. According to the National Bureau of Statistics of China, GDP from Construction in China increased to 37003.40 CNY Hundred Million in the second quarter of 2023 from 13573.60 CNY Hundred Million in the first quarter of 2023. Europe is the second largest region for the market due to the growing application of perlite in horticulture, and agricultural production.
Expanded Perlite Market- Competitive Landscape:
A comprehensive competition investigation of the Expanded Perlite market necessitates extensive research on each of these factors for each significant competitor. This type of analysis assists in understanding market dynamics, forecasting future trends, and developing appropriate strategies. Based on this analysis, businesses can find market gaps, potential areas for differentiation, and prospects for collaboration. Companies that invest extensively in R&D may bring novel products to market, providing them with a competitive advantage. Some companies may provide a diverse range of perlite goods to a variety of industries, whereas others may focus on particular markets. For instance, In April 2021, 50 houses in Argentina have already been constructed with a new type of bricks made with 90% perlite residue - this is a perfect illustration of applying a circular economy to the mineral industry.
Recent Developments:
In March 2021, Imerys, a global leader in graphite & carbon solutions, announced currently that it will expand its carbon black production capacity at its plant in Willebroek, Belgium, to meet the increasing demand for its specialty conductive additives in particular for lithium-ion batteries. This investment of USD60 million over a two-year period follows the capacity expansion of synthetic graphite announced last September at its plant in Bodio, Switzerland, both aiming to support the strong growth of the electric vehicle market worldwide.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL EXPANDED PERLITE MARKET KEY PLAYERS
- Aegean Perlites SA
- Supreme Perlite Company
- Cornerstone Industrial Minerals
- Perlite-Hellas
- Cornerstone Industrial
- Schundler Company
- Keltech Energies
- Silbrico Corporation
- Gulf
- Perlite LLC
- Termolita
- Imerys SA
GLOBAL EXPANDED PERLITE MARKET, BY PRODUCT TYPE
- Closed Cell-Expanded perlite
- Open- Expanded Perlite Fillers
GLOBAL EXPANDED PERLITE MARKET, BY APPLICATION
- Construction Industry
- Food and Beverage Industry
- Agroperlite
- Pharmaceuticals
- Personal Care
- Textiles
- Environmental Solutions
- Others
GLOBAL EXPANDED PERLITE MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA