Global Vermiculite Market Analysis 2024, Forecast To 2033
22 Jan, 2024
The vermiculite market has exhibited strong growth, increasing from $0.26 billion in 2023 to $0.28 billion in 2024, marking a 7.9% CAGR. Historical growth is attributed to the construction industry, horticulture, agriculture, industrial applications, fireproofing, insulation, and the oil and gas industry. Projections anticipate strong growth to $0.37 billion in 2028, with a 7.6% CAGR. Growth is associated with infrastructure development, environmental awareness, emerging markets, and technological advancements. Key trends include electrification, lightweighting, advanced materials, additive manufacturing, digitalization, connectivity, collaboration, and partnerships.
Global Vermiculite Market Key Driver
The vermiculite market experiences growth propelled by rapid construction activity worldwide. Vermiculite's properties, including insulation and fire resistance, contribute to building energy efficiency and safety. The substantial increase in construction output, as reported in the UK, contributes to the vermiculite market's expansion.
Get A Free Sample Of The Global Vermiculite Market ReportGlobal Vermiculite Market Segments
The vermiculite market covered in this report is segmented –
1) By Type: Large Grade Vermiculite, Fine And Finer Grade Vermiculite, Medium Grade Vermiculite
2) By Product: Crude Vermiculite, Exfoliated Vermiculite
3) By End-User Industry: Chemical, Agriculture, Automotive, Construction, Other End-User Industries
By Geography: The regions covered in the vermiculite market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the vermiculite market in 2023. Asia-Pacific was the second largest region in the vermiculite market. The regions covered in the vermiculite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Vermiculite Industry Players
Palabora Mining Company Limited, Samrec Vermiculite Zimbabwe (Pvt) Ltd., Virginia Vermiculite LLC, Uniao Brasileira de Mineracao SA, Showa Denko KK, Mitsui Sumitomo Metal Mining Brass & Copper CO. Ltd., Genper Group, Dicalite Management Group, EP Minerals LLC, Termolita SAPI de CV, Therm-O-Rock East Inc., Ausperl Pty Ltd, Bulk Apothecary, Dupré Minerals Limited, Exfoliators (Aust) Pty Ltd., Isola Vermiculite GmbH, KVB Processors Pvt. Ltd., Palmetto Vermiculite Company, Perlite Vermiculite Packaging Industries Inc., Sun Silicates (Pty) Ltd, Dämmstoff-Fabrik Klein GmbH, The Schundler Company, Whittemore Company Inc., W.R. Grace & Co., Carolina Perlite Company Inc.
Get The Full Global Vermiculite Market ReportVermiculite Market Overview
Vermiculite is a hydrous phyllosilicate mineral that is in dark gray or brown in color and found in the form of glossy flakes which is hydrated magnesium iron aluminum silicate undergoes significant expansion when heated.
Vermiculite Global Market Report 2023 provides data on the global vermiculite market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vermiculite market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.