The vermiculite market consists of sales of vermiculite by entities (organizations, sole traders and partnerships) that mine vermiculite, which is used in agriculture, automotive, chemical packaging, construction, fire protection, and other applications. The vermiculite market is segmented into large grade vermiculite; fine and finer grade vermiculite and medium grade vermiculite.
The global vermiculite market is expected to grow from $0.24 billion in 2020 to $0.26 billion in 2021 at a compound annual growth rate (CAGR) of 8.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.31 billion in 2025 at a CAGR of 4%.
