NEW YORK, United States, Oct. 04, 2022 (GLOBE NEWSWIRE) -- According to Facts and Factors has published a new research report titled “Expanded Perlite Market Size, Share, Growth Analysis Report By Application (Construction Products, Fillers, Horticultural Aggregate, Filtration & Process Aid, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Expanded Perlite Market size & share in terms of revenue was valued at USD 1,392.40 Million in 2021 and it is expected to surpass around USD 2,031.70 Million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 6.50% during the forecast period 2022 to 2028.”
Expanded Perlite Market Overview:
Perlite is an amorphous volcanic glass that expands and becomes porous when naturally heated. When heated, perlite swells to 20 times its original volume, making it unique among volcanic glasses. It is used as an aggregate in lightweight insulating concrete, and masonry block gypsum is used as injectable insulation. It is used in chimney filling, acoustic spraying, and inter-floor cladding. Expanded Perlite Aggregate (EPA) is a thermal and acoustic insulation material due to it is lightweight with structural and economic advantages. Expanded perlite is primarily used in construction due to its lightweight and insulating properties.
Concrete is therefore used to provide fire resistance, thermal insulation, and lightweight concrete and is ideal for other applications such as building roof terraces and filling voids. Rapid growth in the construction industry, especially in residential construction, is expected to boost the global expanded perlite market's growth. Perlite's high functional properties make it ideal for many applications. Perlite is used in the construction industry for fire protection, noise reduction, thermal insulation, underbody insulation, paint texturing, gypsum board, and other purposes.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 209+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Expanded Perlite Market Dynamics
Growth Drivers
- Robust growth in the building & construction industry in developing countries drives the market growth
Expanded perlite is used in a variety of products in the personal care industry as it is inert and environmentally friendly. Therefore, it is useful for both cosmetic and food-grade products. Expanded perlite is used as an abrasive in cosmetics such as soaps, facial cleansers, scrubs, and shower gels. It is also used in dental care products such as toothpaste. This product is a component of soil-free growing mixes, providing aeration and adequate water retention for excellent plant growth. This product is sterile, weed-free, and pH neutral. In addition, it is suitable for fertilizers, pesticides, herbicides, and seed pelleting. The demand for horticultural products is increasing all over the world. Many farmers lean towards horticulture as it produces quick yields in a short period. The availability of alternative materials may impact the global expanded perlite market share. Various alternatives such as barite, polymeric foams, and diatomite can be used in place of the product in many construction applications.
Restraints
- Restrictions on the use of refractory due to growing environmental concerns hamper the market growth
Alternatives such as vermiculite, cellulose, wood chips, and peat are available for various uses in the horticultural sector. These substitutes threaten the global market and could impede growth during the forecast period.
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Expanded Perlite Market: COVID-19 Impact Analysis
The pandemic caused by the COVID-19 virus has had an effect on consumer expenditure as well as consumer behaviour around the world. The COVID-19 epidemic has a significant impact on a number of industries, including the building industry. As a result of widespread lockdowns in major countries like India, Germany, the United States of America, and the Middle East region, unemployment and a precipitous decline in construction demand have been observed in those nations. The construction industry as a whole has been experiencing a slowdown in growth, which has had a negative impact on the overall demand for expanded perlite. The largest application segment for the expanded perlite market share is building products.
Expanded Perlite Market: Segmentation Analysis
The global expanded perlite market has been segmented into applications and regions.
Based on application, the market is classified into construction products, fillers, horticultural aggregate, filtration & process aid, and others. In 2021, the construction products category dominated the global market. The excellent insulating properties, lightweight, and versatility of expanded perlite make it an attractive material for the construction industry. This product is ideal for masonry fillers, floor systems, roof decks, and other areas where insulation is required. Rising construction activity across the globe is expected to fuel the growth of the expanded perlite market during the forecast period.
The global Expanded Perlite market is segmented as follows:
By Application
- Construction products
- Fillers
- Horticultural aggregate
- Filtration & process aid
- Others
Browse the full “Expanded Perlite Market Size, Share, Growth Analysis Report By Application (Construction Products, Fillers, Horticultural Aggregate, Filtration & Process Aid, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/expanded-perlite-market
Competitive Landscape
The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards. Some of the main competitors dominating the global Expanded Perlite market include –
- Perlite-Hellas
- Keltech Energies Ltd. (KEL)
- Aegean Perlites SA
- Imerys SA (Imerys)
- Supreme Perlite Company
- Midwest Perlite Inc.
- Cornerstone Industrial Minerals Corporation
- The Schundler Company
- Silbrico Corporation
- Perlite Vermiculite Packaging Industries Inc. (PVP)
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Expanded Perlitemarket is likely to expand at a CAGR of around 6.50% during the forecast period (2022-2028).
- In terms of revenue, the Expanded Perlite market size was valued at around US$ 1,392.40 Million in 2021 and is projected to reach US$ 2,031.70 Million by 2028.
- The expansion par light is used for mining, water processing processes, and filtration, and process assistants in gas drilling activities are the major factors driving the market’s growth.
- By application, the construction products category dominated the market in 2021.
- On the basis of region, Asia Pacific dominated the global expanded perlite market in 2021.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Expanded Perlite industry?
- What are the main driving factors propelling the Expanded Perlite Market forward?
- What are the leading companies in the Expanded Perlite Industry?
- What segments does the Expanded Perlite Market cover?
- How can I receive a free copy of the Expanded Perlite Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by applications and regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The global expanded perlite market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The Asia Pacific is anticipated to dominate the worldwide market for expanded perlite. Factors such as the surge in perlite consumption in the construction and agriculture industries in countries such as China, Japan, and India have increased the demand for perlite in the Asia-Pacific region. The construction industry primarily drove demand for expanded perlite in the region. Trends such as urbanization and lifestyle changes are expected to boost the expanding perlite market shortly.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
Distribution agreements between IMCD US and IMERYS materials will be extended in October of 2020. At the moment, IMCD acts as a preferred distributor for IMERYS Performance Minerals in both the United States and Canada.
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1,392.40 Million |
| Projected Market Size in 2028 | USD 2,031.70 Million |
| CAGR Growth Rate | 6.50% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Perlite-Hellas, Keltech Energies Ltd. (KEL), Aegean Perlites SA, Imerys SA (Imerys), Supreme Perlite Company, Midwest Perlite Inc., Cornerstone Industrial Minerals Corporation, The Schundler Company, Silbrico Corporation, Perlite Vermiculite Packaging Industries Inc. (PVP), and Others |
| Key Segment | By Application, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. |
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