Perlite Mining Market Characteristics
The perlite mining market consists of sales of perlite and its compounds by entities (organizations, sole traders and partnerships) that mine perlite and its compounds that are used in a wide range of applications in construction, insulation, filteration process and horticulture.
Competitive Landscape of the Perlite Mining Market
Major players in the global perlite mining market include Aegean Perlites SA, Bergama Perlite, Australian Perlite Pty Limited, Carolina Perlite Company, and Supreme Perlite Company.
Perlite Mining Market Size
The perlite mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the perlite mining market is due to increasing demand for mining in North America
However, the market for perlite mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Perlite Mining Market Segmentation
The global perlite mining market is further segmented based on type and geography.
By Type - The perlite mining market is segmented into construction products, horticultural & agricultural, industrial perlite, filtration & process aid, others - perlite.
By Geography - The global perlite mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America perlite mining market accounts the largest share in the global perlite mining market.
Trends in the Perlite Mining Market
Companies engaged in perlite mining industry are using portable infrared spectrometer to reduce environmental risk. Infrared spectrometer enables to predict the impurity content in perlite ore.
Potential Opportunities in the Perlite Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global perlite mining market is expected to significantly rise in the forecast period.