Expanded Perlite Market Growth Strategies, Opportunity, Rising Trends and Revenue Analysis 2023 - 2030
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| Expanded Perlite Market |
Market Overview:
The global Expanded Perlite Market is estimated to be valued at US$ 1.51 billion in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Expanded perlite is a natural non-toxic mineral made by heating perlite ore, which causes it to hydraulically expand up to 20 times its original volume. It possesses benefits such as high heat resistance, acoustic insulation, lightweight, and moisture resistance. These characteristics make expanded perlite suitable for applications in horticulture, construction and others.
Market key trends:
One of the key trends in the expanded perlite market is growing demand from the horticulture and agriculture sectors. Expanded perlite is widely used as a soil amendment and growth medium for various plants due to its excellent moisture retention and aeration properties. It is a light-weight substitute for soil-less potting mixes and growing media. This increases yields and quality of various horticultural crops. Furthermore, expanded perlite lowers soil compaction and promotes better root development.
Segment Analysis:
The global expanded perlite market is segmented by end-use into construction products, fillers, horticulture aggregates, industrial, and others. The construction products segment dominated the market in 2023 and is expected to maintain its dominance over the forecast period. Expanded perlite is used widely in the construction industry for insulating walls and roofs. Its lightweight, fireproof, and moisture resistant properties make it a preferable material for construction applications. The growth of the construction industry, especially in emerging economies, is fueling the demand for expanded perlite.
Key Takeaways:
The global Expanded Perlite Market Demand is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period from 2023 to 2030, due to increasing construction activities globally.
Regional analysis: The US accounts for the largest share in the expanded perlite market currently. However, the Asia Pacific region is expected to be the fastest growing market over the forecast period owing to rapid urbanization and infrastructure development in countries like China and India.
Key players:
Key players operating in the expanded perlite market are Imerys SA, Termolita S.A., Aegean Perlites SA, Perlite Hellas, Cornerstone Industrial Minerals, The Schundler Company, Gulf Perlite LLC, Keltech Energies Ltd., Silbrico Corporation, Perlitsan, Blue Pacific Minerals, Dupré Minerals Limited, Midwest Perlite Inc., Hess Perlite, Dicalite Management Group, Perlite Vermiculite Packaging Industries, Pratley Perlite Mining Co (Pty) Ltd., Brasil Minérios, Perlit-92 Kft, Cevahir Perlit Madencilik. Imerys SA and Termolita S.A. have a significant market share due to their diverse product portfolio and global presence.
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