Perlite Market Overview

“The Perlite Market Predictable at $1.25 billion in 2022, is estimated to increase at a CAGR of 5.90% from $1.35 billion in 2023 to $2.25 billion by 2030.”

The demand for high-quality perlite in the building and construction industries is driving market revenue growth. Expanded perlite is used in plasters, mortars, insulation, ceiling tiles, and filter aids due to its acoustic qualities, low weight, fire resistance, noise reduction, and thermal insulation. It is also ideal for cold-weather insulation. Rapid urbanization and industrialization in emerging nations are increasing infrastructure spending in areas like building, power, and transportation.

India, China, Brazil, and South Africa are expected to increase infrastructure and capital project investments, leading to increased demand for perlite, a crucial building material for loose fill insulation and lightweight concrete. Perlite's high insulating properties, light weight, and adaptability make it suitable for large areas like roof decks and floor systems in the construction industry.

The oil and gas industry's increasing demand for high-temperature insulation is expected to drive market expansion. Perlite, with its heat resistance, is used in various industries like medicine, food, chemicals, and municipal systems. Its use in refractory bricks, pipe insulation, and mortars is expected to further boost its demand.

>>> Download Sample Report Now: https://marketreportservice.com/request-sample/perlite-market-54461

Market Dynamics

Growth Drivers and Challenges

The global construction industry's growing demand for lightweight building materials has accelerated the perlite market expansion. Perlite is used in various construction applications, including tiles, roof insulation, refractory bricks, fire insulation products, and heat-resistant concrete. Its unique thermal, lightweight, and fire resistance properties make it ideal for hollow walls, block fillers, coatings, fireproofing, speciality binders, and plasters. Rapid industrialization and urbanization have prompted governments to invest in infrastructure development and the building and construction industries.

The US government passed a $1.0 trillion infrastructure bill in 2021 to invest in infrastructure, according to the UN Environment Programme's 2021 Global Status Report for Buildings and Construction. India's growing population and rising residential and commercial building demand in emerging markets are driving the global perlite industry, but environmental concerns related to processing pose a challenge.

Perlite processing involves drying, expansion furnaces, and handling, releasing significant pollutants like particulate matter and sulfur dioxide. Stringent controls may make processing difficult, but scrubbers and filters can limit emissions during production. Various countries have strict controls on pollutants.

Trends

Increasing Demand from the Construction Industry

The construction industry is the primary consumer of perlite due to its long-lasting, lightweight, and efficient properties, which are expected to drive market growth in the forecast period.

Perlite, a dense and cost-effective material, is widely used in construction products like insulation, ceiling tiles, concrete, mortar, and lightweight plasters, contributing to the growing global building industry.

India's commercial construction sector is expanding, with the CommerzIII Commercial Office Complex project, worth USD 895.63 million, starting in Q1 2022 and expected to be completed in Q4 2027. This growth is expected to increase perlite demand, as the construction of commercial buildings is expected to boost the industry.

Competitive Landscape of the Perlite Market

• The Schundler Company
• Supreme Perlite Company
• IPM Group of Companies
• Imerys Minerals
• Keltech Energies
• Dupré Minerals
• Amol Dicalite
• Bergama Mining Perlite
• Genper Group
• Whittemore Company
• Silica Holding

Recent Developments in Perlite Market

February 2023: Titan Cement acquired a share in Aegean Perlites. The company operates perlite and pozzolan quarries on the island of Yali. It also has access to port facilities. Titan Group says it is investing in direct access to pozzolan reserves to increase its volume of pozzolan-based cementitious products with a lower clinker factor. The deal is connected to Titan’s target to reduce its CO2 emissions by 35% by 2030, compared to 1990 levels, and increase the share of green products in its portfolio to over 50%.

In September 2020, Imerys S.A, which is a world leader in mineral-based specialty solutions for Industry, IMCD, which is a leading distributor of specialty chemicals and ingredients, announced the expansion of their distribution agreement. The partnership is expected to provide consumers with a consolidated point of contact ready to provide access to the expansive multi-mineral product portfolio of Imerys, which is backed by technical sales expertise and laboratory support of IMCD.

April 2022: Silica Holdings, Inc. announced part of its Industrial and Specialty Products business would increase prices for most of its non-contracted diatomaceous earth, perlite, and cellulose products used primarily in food and beverage filtration, renewable diesel, catalysts, paints and coatings, plastics and industrial oil. Ongoing inflationary pressures around raw materials, packaging, labor, logistics, and maintenance expenses drive this increase.

Regional Insights

The Asia-Pacific region will dominate the market.

The Asia-Pacific region dominates the global market, with perlite usage in horticulture boosting agricultural yields. Hydroponic systems can also enhance perlite use, further enhancing production.

Perlite is a popular filler in the building industry, used for ceiling tiles, floor heating insulation, and sound-absorbing walls, and its usage is expected to increase due to increased construction activity.

The growing demand for high-quality expanded perlite in developing Asian countries like India, China, Indonesia, Malaysia, and Thailand is driving regional market expansion, particularly in construction products, fillers, and filter aids.

China's construction activity has surged, boosting perlite demand in construction applications. The country is a top constructor of shopping malls, with an additional 7,000 expected to open by 2025.

The PMAY-G "Housing for All" project in India aims to build 2.95 crore dwellings by 2024, with 2,17,54,812 sanctioned and 1,71,34,737 completed as of February 2022, indicating potential market expansion due to rising house building.

As a result, such factors may contribute to an increase in perlite demand in the region throughout the predicted period.

Segments Covered in the Perlite Market

Perlite Market, By Form

• Expanded Perlite
• Crude Perlite

Perlite Market, By Application

• Agriculture & Horticulture
• Construction
• Industrial
• Others

Perlite Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of the world

Frequently Asked Questions:

What is the projected market size & growth rate of the Perlite Market?

Perlite Market Predictable at $1.25 billion in 2022, is estimated to increase at a CAGR of 5.90% from $1.35 billion in 2023 to $2.25 billion by 2030

What are the key driving factors for the growth of the Perlite Market?

The Global Perlite Market has been growing at a very fast pace because the rising demand for high-temperature insulation from the oil and gas industries is a major driver driving the market's expansion.

What are the top players operating in the Perlite Market?

The Global Perlite Market has been growing at a very fast pace because the rising demand for high-temperature insulation from the oil and gas industries is a major driver driving the market's expansion.

What are the top players operating in the Perlite Market?

The major players are The Schundler Company, Supreme Perlite Company, IPM Group of Companies, Imerys Minerals, Keltech Energies, Dupré Minerals, Amol Dicalite.

What segments are covered in the Perlite Market Report?

The Global Perlite Market is Segmented on the basis of Form, Application, and Region.