Global Perlite Market 2024 , Forecast To 2033
7 Mar, 2024
The perlite market size has witnessed exponential growth, increasing from $1.7 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. This growth is attributed to the construction industry, agricultural applications, oil and gas exploration, metallurgical processes, and horticulture and landscaping. Looking ahead, the market is expected to continue its exponential growth, reaching $4.51 billion in 2028 at a CAGR of 19.8%, driven by the construction sector, demand in horticulture, renewable energy projects, and advancements in metallurgical processes. Major trends include innovation in product formulations, circular economy initiatives, digitalization in mining and processing, emphasis on energy efficiency, and bio-based perlite alternatives.
Global Perlite Market Key Driver
The perlite market's expansion stems from heightened demand in mining activities, primarily for construction purposes. Perlite finds extensive usage in various construction products such as ceiling tiles, roof insulation products, refractory bricks, pipe insulation, and masonry block construction filling. The United States Geological Survey reported a consumption increase of domestically processed crude perlite in the US from 2020 to 2021, indicating a growing demand for mining activities and subsequently, perlite.
Get A Free Sample Of The Global Perlite Market ReportGlobal Perlite Market Segments
The perlite market covered in this report is segmented –
1) By Type: Construction Products, Horticultural and Agricultural, Industrial Perlite, Filtration and Process Aid, and Other Types - Perlite
2) By Mining Type: Underground Mining, Surface Mining
By Geography: The countries covered in the perlite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the perlite market in 2023.The regions covered in the perlite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
Major Perlite Industry Players
Aegean Perlites SA; Bergama Perlite; Australian Perlite Pty Limited; Carolina Perlite Company; Supreme Perlite Company; Midwest Perlite; Whittermore Company Inc.; Termolita S.A.P.I. de CV; Silbrico Corporation; Saudi Perlite Industries; Procema Perlit SRL; Pratley; Persolite Products Inc.; Accimin SA DE Cv; Pennsylvania Perlite Corporation; Norcal Perlite Inc.; Ausperl Pty. Ltd.; Alvand Chemical Company; Cevahir Perlite; EP Minerals; Dicalite Management Group Inc.; Exfoliators Pty Ltd; Genper Expanded Perlite Industry Business Co.; Gulf Perlite LLC; IPM Industries; Keltech Energies Ltd.; Dicaperl Minerals Corp; Zhongyan; Luoyang Zhongsen Refractory Co.Limited; Perlite Hellas; Cornerstone Industrial Minerals; The Schundler Company
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Perlite Market Overview
Perlite refers to the process of mining perlite and its compounds. Perlite is mined by using precise blasting or large gear to rip or chop the material out of the ground. Perlite refers to a volcanic glass that has a concentric structure and is often used for industrial purposes.