MarketsandMarkets projects that the perlite market size will grow from USD 1.51 Billion in 2017 to USD 2.20 Billion by 2022, at an estimated CAGR of 7.78%. The perlite market is expected to witness high growth as a result of the rapid urbanization, large-scale investments in the building & construction sector, and the rising number of construction activities in emerging economies.
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The Perlite market is segmented by type in to Expanded Perlite and Crude Perlite.
Expanded perlite finds application in several sectors, which drives its demand. This segment dominates the perlite market and is projected to grow at a higher rate during the forecast period. Expanded perlite possesses high insulation, acoustic, and excellent water retention, and higher water density properties. Hence, the expanded perlite form accounted for a relatively larger market share than the crude perlite segment.
Expanded perlite finds application in several sectors, which drives its demand. This segment dominates the perlite market and is projected to grow at a higher rate during the forecast period. Expanded perlite possesses high insulation, acoustic, and excellent water retention, and higher water density properties. Hence, the expanded perlite form accounted for a relatively larger market share than the crude perlite segment.
Expanded perlite finds diverse applications in the industrial sector, ranging from high-performance fillers for plastics to cement; as a filtering agent for petroleum, water, and geothermal wells; and for cryogenic insulation that requires insulation for extremely low to medium and high temperature including insulating concrete, refractory bricks, and underfloor insulation. Safety certifications from regulatory authorities present opportunities for manufacturers to strengthen their position in the perlite market, in order to maintain the quality and performance standards of perlite.
Target audience
- Raw material producers
- Perlite traders/distributers/suppliers
- Local governments
- Environmental protection bodies
- Market research and consulting firms
- Regulatory bodies
- Research organizations
- Association and industry bodies
- End-use industries
The major players in the perlite market include Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Genper Group (Turkey), The Schundler Company (US), and Whittemore Company (US).
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