Perlite Market Size, Share, Growth, Expert Review & Forecast
Posted by Stephen Lobo on December 20th, 2022
What is Perlite?
Perlite is a naturally occurring volcanic glass that is mined and processed for use in a variety of applications, including construction, horticulture, and industrial processing. It is formed when obsidian, a type of volcanic glass, is subjected to high heat and pressure. When it is heated to a high temperature, the water trapped within the glass expands, causing the glass to puff up and become porous. This process is called expansion. Perlite has a number of properties that make it useful in various applications. It is lightweight, has a high insulation value, and is able to retain moisture while also allowing excess water to drain away. In construction, it is often used as a lightweight aggregate in concrete, plaster, and insulation materials.
Perlite Market Scope
The global perlite market size is expected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. Perlite is used across applications, such as construction, horticulture & agriculture; industrial is the key end-use industry owing to the wide applications of this perlite. The global perlite market is expected to continue growing in the coming years, driven by increasing demand for sustainable construction materials and growing awareness of the environmental benefits of using perlite. Factors that could potentially impact the market include raw material availability, regulatory issues, and competition from other materials.
Perlite Market Demand
The demand for perlite depends on a number of factors, including the strength and durability of the material, its insulating properties, and its versatility in a range of applications. The demand for perlite has grown in recent years as the material has become more widely recognized and used in a range of applications. In construction, perlite is used as a lightweight aggregate in concrete and plaster, as well as in insulation products. In horticulture, perlite is used as a soil amendment to improve drainage and aeration, and as a growing medium in hydroponic systems. In industry, perlite is used as a filter aid, a carrier for catalysts and pesticides, and in the production of glass and ceramics.
The demand for perlite is driven by several factors, including:
Perlite Market Restraint
Restrictions on the use of refractories due to growing environmental concerns
The mining and processing of perlite can have some negative environmental impacts, such as air pollution and water contamination. This may lead to regulations or public concern that could affect demand for perlite.
Perlite Market Segments
The overall expanded perlite market has been segmented into the form, application, region
The horticulture & agriculture segment is expected to register the highest CAGR in the global perlite market during the forecast period.
Perlite has various beneficial properties of aeration and optimum moisture retention for the superior growth of plants. When perlite is used in the green roofing system, it is considered as the only growing medium for plants on roofs. This has become a popular trend nowadays, as it offers unique sustainability to insulate the roof and also further add foliage to the surface
APAC is expected to hold the largest market share in the global perlite market during the forecast period.
Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the intimate apparels and sportswear industries in countries such as China, Japan, India, South korea, and Australia have led to an increased demand for Perlite in the Asia Pacific region.
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Perlite Market Key Players
There are many key players that supply perlite, including mining companies, horticultural supply companies, and construction material suppliers. Some examples of perlite market key players include:
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
2 RESEARCH METHODOLOGY (Page No. - 30)
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About the AuthorStephen Lobo
Joined: November 18th, 2022
Articles Posted: 83
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