Expanded perlite is a lightweight aggregate that is mainly used as lightweight concrete aggregate, soil amendment and filtration medium. It provides several advantages such as high strength to weight ratio, improved insulation and water retention properties. With rapidly growing construction industry worldwide, the demand for perlite as an alternative to standard construction materials is increasing due to various advantages it provides. The global Expanded Perlite Market is estimated to be valued at US$ 1.51 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing construction industry has been a major trend propelling the expanded perlite market growth. According to World Bank, the annual growth rate of construction industry between 2016 to 2020 was around 3% globally. Perlite provides advantages like being lightweight and having higher insulating properties compared to concrete, thereby reducing construction cost and energy consumption. It is widely used in applications like ceiling tiles, plaster, gypsum wallboard backings etc. in residential and commercial construction. The increasing urbanization and infrastructure development activities are thus expected to drive the demand for perlite over the forecast period.
SWOT Analysis
Strength: Expanded perlite has high insulating and lightweight properties making it ideal for various industrial applications. It has excellent moisture retention and drainage properties.
Weakness: Dependence on relatively few mines for supply can impact overall market. Transportation costs are high due to low density.
Opportunity: Growth in construction industry will boost demand for thermal and acoustic insulation. Increasing R&D for new applications in horticulture and filtration will open new opportunities.
Threats: Stringent environmental regulations around mining activities. Substitute products like vermiculite can also capture market share.
Key Takeaways
The Global Expanded Perlite Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis comprises North America is currently the largest as well as the fastest growing regional market for expanded perlite. The growth can be attributed to rising construction activities and infrastructure development projects in the region.
Key players operating in the expanded perlite market are Imerys SA, Termolita S.A., Aegean Perlites SA, Perlite Hellas, Cornerstone Industrial Minerals, The Schundler Company, Gulf Perlite LLC, Keltech Energies Ltd., Silbrico Corporation, Perlitsan, Blue Pacific Minerals, Dupré Minerals Limited, Midwest Perlite Inc., Hess Perlite, Dicalite Management Group, Perlite Vermiculite Packaging Industries, Pratley Perlite Mining Co (Pty) Ltd., Brasil Minérios, Perlit-92 Kft, Cevahir Perlit Madencilik. Imerys SA and Termolita S.A. are recognized as the global leaders with a significant market share in production and sales of expanded perlite.
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