Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,508.99 million | USD 2,305.64 million | 6.64% | 2022 |
The global Expanded Perlite market size was evaluated at $1,508.99 Million in 2022 and is slated to hit $2,305.64 Million by the end of 2030 with a CAGR of nearly 6.64% between 2023 and 2030.
Perlite is formed from the hydration of the obsidian. It is an amorphous volcanic glass whose water content which is high. The perlite is mainly found in the volcanic regions and it expands significantly when heated. After processing and milling of the perlite expanded perlite are obtained. During the expansion process, the water molecules are released which lowers its weight and density. Expanded perlite has exceptional insulation properties.
The prime factor that is driving the expanded perlite market globally is the wide increase in the construction activities across the globe, especially in the developing countries. The demand for the ancillary materials has increased which in turn has increased the demand for the expanded perlite. The other factor that is contributing to the market growth is the increasing horticulture activities which use expanded perlite as an after ingredient in order to formulate the soil aggregates due to the increased water retention properties. The other application segment where the expanded perlite is used is in the beer industry. They find their application in the breweries. For the purpose of sound proofing applications and thermal application, perlite can be supplanted by the materials such as diatomaceous rock, polymeric foams, and barite.
Report Attributes | Report Details |
---|---|
Report Name | Expanded Perlite Market |
Market Size in 2022 | USD 1,508.99 Million |
Market Forecast in 2030 | USD 2,305.64 Million |
Growth Rate | CAGR of 6.64% |
Number of Pages | 201 |
Key Companies Covered | Termolita, Schundler Company, Supreme Perlite Company, Perlite-Hellas, Gulf, Perlite LLC, Cornerstone Industrial Minerals, Keltech Energies, Imerys SA, Silbrico Corporation, Aegean Perlites SA, and Cornerstone Industrial Minerals. |
Segments Covered | By Test Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global expanded perlite market is segmented into its applications and regions.
On the basis of application, the global market is segregated into fillers, filtration & process aids, construction products, horticultural aggregates, and others.
Region-wise, the global expanded perlite market is diversified into North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
The region that is dominating the expanded perlite market is the North America region. The country that holds the largest market share in the North American region is the US. The factor that contributes to this growth is the presence of the major consumers and producers in the region. Rise in the shale gas production in the country of the US has triggered the market growth. The other region that is growing fast at a significant pace is Asia Pacific region. The major contributors in the Asia Pacific region are Japan, India, and China which is owing to the factor that the construction industry has grown considerably. The demand for the expanded perlite is high in the application areas such as horticulture, personal care applications, construction products, and filtration in the Asia Pacific region. The construction products segment is anticipated to fuel the market growth in the Middle East and Africa region. The increasing construction activities in Dubai, Saudi Arabia, and Qatar have contributed to the market growth in the MEA region.
The major market players in the expanded perlite market include
By Test Types
By Applications
By Region
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