PUBLISHER: The Business Research Company | PRODUCT CODE: 1929407
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929407
Vermiculite, a hydrous phyllosilicate mineral typically found in dark gray or brownish hues, is encountered in the form of lustrous flakes. This hydrated magnesium iron aluminum silicate exhibits substantial expansion upon exposure to heat.
The primary varieties of vermiculite encompass large-grade, fine-grade, and finer-grade options. Vermiculite yields diverse products, including raw or unprocessed vermiculite, and exfoliated vermiculite. These products find applications in the chemical, agricultural, automotive, construction, and other industries. Exfoliated vermiculite, obtained by subjecting it to a heat process that causes it to expand significantly compared to its original volume, is particularly well-suited for use as a lightweight aggregate, especially for insulation purposes in thermal insulation applications.
Tariffs are influencing the vermiculite market by increasing costs of imported crude vermiculite, exfoliation machinery, and processing equipment used in construction, agriculture, and industrial applications. Construction and horticulture sectors in North America and Europe are most affected due to reliance on imported raw material, while Asia-Pacific faces cost pressure on processed vermiculite exports. These tariffs are raising product prices and affecting supply consistency. However, they are also supporting regional mining, local exfoliation facilities, and domestic value-added processing of vermiculite products.
The vermiculite market research report is one of a series of new reports from The Business Research Company that provides vermiculite market statistics, including vermiculite industry global market size, regional shares, competitors with a vermiculite market share, detailed vermiculite market segments, market trends and opportunities, and any further data you may need to thrive in the vermiculite industry. This vermiculite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vermiculite market size has grown steadily in recent years. It will grow from $0.2 billion in 2025 to $0.21 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to expansion of construction insulation usage, increasing agricultural soil amendment practices, growth of fireproofing material demand, availability of raw vermiculite deposits, adoption of exfoliation processing techniques.
The vermiculite market size is expected to see strong growth in the next few years. It will grow to $0.26 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing demand for eco-friendly building materials, rising use in green roofing systems, expansion of controlled-environment agriculture, growing emphasis on thermal efficiency standards, increasing application in lightweight industrial composites. Major trends in the forecast period include increasing use of vermiculite in sustainable construction, rising demand for lightweight insulation materials, growing adoption in horticulture and soil conditioning, expansion of fire-resistant material applications, enhanced processing of exfoliated vermiculite.
The vermiculite market is expected to benefit from the growing demand for oil and gas. The oil and gas industry encompasses natural resources used for energy and industrial purposes, such as petroleum and natural gas. Vermiculite serves as a proppant in hydraulic fracturing (fracking) operations, helping to keep fractures in rock formations open and thereby increasing oil and gas extraction. As of June 2023, the International Energy Agency projected a 6% increase in global oil demand between 2022 and 2028, reaching 105.7 million barrels per day. This growth is supported by strong demand from sectors like petrochemicals and aviation, emphasizing the role of vermiculite in meeting the industry's needs.
Major companies in the vermiculite market are enhancing their product portfolios with expanded vermiculite grades to meet rising demand in horticulture and insulation applications. Expanded vermiculite grades are created by exfoliating the mineral through controlled heating, which increases volume, improves porosity, enhances water retention and soil aeration, and provides superior thermal insulation compared with raw vermiculite. For example, in June 2025, Vermiculite Australia launched a new expanded vermiculite grade designed for high-porosity horticultural media and lightweight aggregate insulation applications, offering better water retention, improved soil aeration, and optimized thermal performance over previous grades. This launch highlights tangible product innovation and broader application versatility post-2023, although ensuring consistent feedstock supply and managing inventory across global markets remain operational challenges.
In July 2023, the City of Cape Town Disaster Risk Management Centre partnered with Mandoval Vermiculite (Pty) Ltd. for the Overcome Heights pilot project. Mandoval Vermiculite, a South African-based vermiculite product supplier, will cover the costs of the product, machinery, and training for applying a vermiculite-based fire-retardant compound to enhance the fire resistance of at least 300 informal housing structures. The Cape Town Disaster Risk Management Centre will finance the employment of 11 local residents under the Expanded Public Works Programme (EPWP) to support this initiative.
Major companies operating in the vermiculite market are Palabora Mining Company Limited, Samrec Vermiculite Zimbabwe (Pvt) Ltd., Virginia Vermiculite LLC, Termolita SAPI de CV, Therm-O-Rock East Inc., Dupre Minerals Limited, Exfoliators (Aust) Pty Ltd., Isola Vermiculite GmbH, KVB Processors Pvt. Ltd., Palmetto Vermiculite Company, Perlite Vermiculite Packaging Industries Inc., Sun Silicates (Pty) Ltd, Dammstoff-Fabrik Klein GmbH, The Schundler Company, W.R. Grace & Co., Uniao Brasileira de Mineracao SA, Genper Group, Ausperl Pty Ltd., Showa Denko KK, Mitsui Sumitomo Metal Mining Brass & Copper CO. Ltd., EP Minerals LLC
Western Europe was the largest region in the vermiculite market in 2025. Asia-Pacific was the second largest region in the vermiculite market. The regions covered in the vermiculite market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vermiculite market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The vermiculite market consists of sales of mineral, which is used in agriculture, automotive, chemical packaging, construction, fire protection, and other applications. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vermiculite Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses vermiculite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vermiculite ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The vermiculite market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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