by 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.
Market Overview:
Expanded Perlite is an amorphous volcanic glass that foams up when suddenly heated to high temperatures. It has a loose but lightweight consistency after expansion. Expanded Perlite finds applications in a wide range of industries such as horticulture, construction, plastics, and other applications where materials requiring lightweight and high-insulating properties are required. It exhibits properties such as moisture resistance, fire resistance, and thermal insulation, making it suitable for use in building insulation, soundproofing, ceilings, and horticulture. The rising construction activities around the world driven by rapid urbanization is a key factor augmenting demand for Expanded Perlite in the construction industry.
Market key trends:
One of the key trends driving the global Expanded Perlite Market is its increasing demand from the construction industry. Expanded Perlite is widely utilized as an insulating material in concrete applications in the construction of residential and commercial buildings. It provides high energy efficiency by acting as an insulator along with moisture resistance and fireproofing properties. Expanded Perlite is also used in underfloor insulation and cavity wall insulation. The rising construction of green buildings owing to stringent regulations regarding energy efficiency is further propelling market growth. Expanded Perlite aids in achieving sustainable building standards by providing thermal insulation, moisture management, soundproofing, and lightweight properties.
Porter’s Analysis
Threat of new entrants: The expanded perlite market requires large capital investments for mining activities and production plants, which limits the threat of new entrants.
Bargaining power of buyers: Buyers in the expanded perlite market have moderate bargaining power due to the presence of numerous global suppliers.
Bargaining power of suppliers: A few mining companies can influence prices, giving suppliers moderate bargaining power in the market.
Threat of new substitutes: Substitute products like vermiculite, pumice, and rockwool pose minimal threat due to expanded perlite’s superior properties.
Competitive rivalry: Established players compete based on product quality and consistency of supply.
Key Takeaways
The global Expanded Perlite Market Demand is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing construction activities. Regional analysis The North America region dominates the market and is expected to grow the fastest due to rising construction activity in the US.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
