The global perlite market is expected to grow at a significant CAGR during the forecast period. Perlite is a naturally occurring substance and is produced during rapid cooling of viscous lava. This substance comprises high water content and variety of other chemicals such as sodium oxide, iron oxide, magnesium oxide, aluminum oxide, potassium oxide,silicon dioxide, calcium oxide and so on. Owing to this wide range of chemicals, there are numerous applications for perlite in various industries, construction and horticulture, and so on.
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One of the major factors driving the global perlite market is growing demand for expanded perlite in the construction sector. Further, increasing industrialization, rising urban population and heavy investments in construction sector is substantially assisting in the growth of the market. The construction sector is evolving rapidly and constantly; there are huge differences in today’s constructions as compared to the constructions a decade ago. In addition, there is high demand for lightweight weather-resistant materials, as well as high strength materials in the construction sector owing to which there is high demand for perlite in this sector. Furthermore, perlite is used in lightweight plasters, concrete, ceiling tiles, mortar, and insulation and hence, significantly contributing to the market growth.
Moreover, perlite has several beneficial properties such as high insulation, acoustic, water retention, and high water density which has significantly increased the demand of this material for different applications. Due to growing disposable income in emerging economies such as China coupled with rising urbanization, substantial growth for the market is expected. Rise in awareness about use of perlite in filtration process coupled with the benefits offered such as low bulk density and high filtering performance by expanded perlite is anticipated to propel the market further. However, wide availability of alternate products and stringent government regulations are expected to restrain the market growth.
The key players dominating the global perlite market includes Aegean Perlites SA, Imerys Group, Bergama Perlite, Cornerstone Industrial Minerals Corp. These players adopt various strategies such as mergers and acquisitions, products, and services offering expansion, geographical expansion, and partnership and collaboration to stay competitive in the market.
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Global Perlite Market – Segmentation
By Type
· Crude Perlite
· Expanded Perlite
By End-User
· Agriculture & Horticulture
· Construction
· Industrial
· Others (Food & Chemical Industry)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
