The Global Consumption of Expanded Perlite is Projected to Exceed 4.0 Million Metric Tons by 2024

Healthy Recovery in the Construction Industry, the Largest Application Area for Perlite, Drives Steady Market Growth, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Perlite market. The global consumption of Expanded Perlite is projected to exceed 4.0 million metric tons by 2024, driven by the growing demand from myriad existing and newer application areas due to the unique properties of perlite as an amorphous, expandable, siliceous and naturally occurring volcanic rock with high water content.

Growing demand from myriad applications in construction, horticulture, industrial as well as other applications such as foundries, filtration, cryogenic insulation, and as clay additive in ceramics is driving steady market growth. Perlite is a naturally occurring siliceous rock, a volcanic glass formed due to obsidian’s hydration. Number of other glasses is formed due to the effect of volcanoes, but Perlite is different from the rest as it significantly expands when heated until a particular temperature, referred to as the softening range. At that point, Perlite is capable of expanding between 4-20 times form its original volume. The expansion capability of Perlite is due to its water content. Due to high permeability, Perlite demand is expected to grow in filtration and horticulture markets in the near term. Particularly, Perlite is widely used for beer filtration, and replaces diatomaceous earth in several other filtration applications in industries across the world. Industrial applications include filter aids, high-temperature insulation, petroleum and water wells, cements for geothermal industries, and high-performance fillers in the plastics industry.

Recovery in the construction activity in countries across the world represents the primary factor driving growth in demand for the mineral. Perlite is used as an additive in plasters, lightweight insulation, ceiling tiles, and mortars. The unique properties such as superior sound and thermal insulation, durability, low bulk density through climate changes, and fire resistance make expanded Perlite highly useful for the construction sector. With major applications in lightweight concretes and mortar for substrates, expanded perlite is used as a substitute for gravel or sand in fire-retardant and lightweight insulating concretes. As an extremely versatile material, Expanded Perlite could be milled differently to suit various insulating applications including cinder blocks, cement mixtures, bricks, boulders, and thermal, audio, and structural insulation panels in the construction sector. Currently, the construction sector is the largest consumer of expanded Perlite. Use of Perlite in cement production ensures replacement of 40% of the harmful and environment deteriorating effects during cement production. In addition, Perlite reacts chemically with lime and produces a dense and impermeable concrete.

As stated by the new market research report on Perlite, the United States represents the single largest market worldwide supported by the country’s huge consumption of perlite in construction products, fillers, and filter aids, both in expanded and crude forms. China represents the largest producer of Perlite, followed by Greece. Other countries with large deposits of crude Perlite and which also produce huge volumes of expanded Perlite include Turkey, USA, Mexico, and Hungary. Regionally, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 5.2% over the analysis period led by rising investments in infrastructure development projects coupled with rapid urbanization and industrialization.

Key players in the market include Aegean Perlites SA, Amol Dicalite Limited, Australian Perlite Pty., Limited, Bergama Mining Perlite Inc., Blue Pacific Minerals Ltd., Cornerstone Industrial Minerals Corporation, Dicaperl Minerals, Corp., Dupré Minerals Limited, EP Minerals, LLC, Genper Group, Imerys Filtration Minerals Inc., IPM Iperlit Mining & Construction Limited Company, Johns Manville Corporation, Perlite Canada Inc., PVP Industries, Inc., Pull Rhenen B.V., Saudi Perlite Industries, Supreme Perlite Company, TERMOLITA S.A.P.I de C.V, The Schundler Company, Uzay Perlit Madencilik Kimya Maddeleri, William Cox Minerals Ltd., and Whittemore Company Inc., among others.

The research report titled "Perlite: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key end-use applications analyzed in the report include Construction, Horticulture, Industrial, and Others.


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