Expanded Perlite Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[209+ Pages Report]  According to the report published by Facts & Factors, the global expanded perlite market size was worth USD 1,392.40 million in 2021 and is estimated to grow to USD 2,031.70 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.50% over the forecast period. The report analyzes the expanded perlite market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the expanded perlite market.

Market Overview

Expanded perlite is used in various industries, including construction, filtration, and agriculture. The popularity of this product is due to its excellent performance characteristics, including low thermal conductivity, excellent resistance to microorganisms, high temperatures, frost, pests, and excellent moisture resistance. It also acts as an acoustic barrier and is chemically inert with consistent capacity. Widespread use of this product could benefit the expanding perlite market worldwide in the coming years. Expanded perlite is the most versatile and efficient mineral with unique properties such as fire resistance, thermal insulation, sterility, and lightweight. Occurring naturally in silicate rocks, perlite expands 4-20 times when exposed to certain temperatures. Expanded perlite is mainly applied in construction activities due to its lightweight and thermal insulation. Concrete is therefore used to provide fire resistance, thermal insulation, and lightweight concrete and is ideal for applications such as roof terraces and void filling. The market is experiencing significant growth due to increasing demand from the construction industry. Moreover, the growing need for infrastructure development will accelerate the pace of the construction industry in the future, creating significant market opportunities for key players in the global expanded perlite market.

COVID-19 Impact:

The Covid-19 pandemic has impacted consumer spending and consumer behavior around the world. The construction industry is one of the sectors most affected by the Covid-19 pandemic. Countrywide lockdowns in major countries such as India, Germany, the United States, and the Middle East region have seen unemployment and collapsed construction demand in those countries. Building products are the largest application segment for the expanded perlite market share, and the slowdown in growth in the construction industry negatively impacted the overall expanded perlite demand.

Key Insights

• As per the analysis shared by our research analyst, the global expanded perlite market value is expected to grow at a CAGR of 6.50% over the forecast period.
• In terms of revenue, the global expanded perlite market size was valued at around USD 1,392.40 million in 2021 and is projected to reach USD 2031.70 million, by 2028.
• The expansion par light is used for mining, water processing processes, and filtration, and process assistants in gas drilling activities are the major factors driving the market’s growth.
• By application, the construction products category dominated the market in 2021.
• Asia Pacific dominated the global expanded perlite market in 2021.

Growth Drivers

• Robust growth in the building & construction industry in developing countries drives the market growth

Spending on capital projects and infrastructure is expected to grow significantly over the next decade. China, India, and other Asian Pacific countries, along with South Africa and Brazil, invest much in the construction and construction industry. This investment is required for modernization and commercialization. The rapid urbanization in emerging markets such as India, Malaysia, Thailand, and Brazil is expected to boost spending on the major infrastructure sector, such as energy, construction, and transportation. Improvements in economic conditions in these emerging markets are expected to increase the use of perlite. Emerging countries have focused on rapid industrialization in recent decades. Countries such as India, Indonesia, South Africa, Brazil, and Argentina have shifted their economy from agriculture to manufacturing and other industries. The need for industrial buildings is increasing with the emergence of new industries. It creates room for perlite over other aggregates.

Restraints

• Restrictions on the use of refractories due to growing environmental concerns hamper the market growth.

In the refractory manufacturing process, sulfur dioxide (SO2), nitrogen oxides (NOx), carbon monoxide (CO), carbon dioxide (CO2), fluorides, and volatile organic compounds (VOC) are produced. Processes such as crushing, grinding, calcification, and drying produce fine dust, while combustion and tar and pitch processes produce gases and VOCs. In the United States, refractory waste disposal regulations and usage guidelines encourage the recycling of chromium-based refractories used primarily in the steel industry. This is likely to hamper the growth of the global expanded perlite market during the forecast period.

Opportunities

•  Investment in R&D activities to create market opportunities

Growing environmental concerns have increased demand for the sustainable use of eco-friendly parts. Perlite manufacturers focus on developing advanced perlite products that can be recycled and reused directly in green buildings. Manufacturers invest in R&D activities and technologies to develop cost-effective and sustainable perlite materials while providing mechanical strength. Players in this market are investing in research and development activities to withstand the growing demand and fierce competition for perlite.

Segmentation Analysis

The global expanded perlite market has been segmented into applications, and regions.

Based on application, the market is classified into construction products, fillers, horticultural aggregate, filtration & process aid, and others. In 2021, the construction products category dominated the global market. The excellent insulating properties, lightweight, and versatility of expanded perlite make it an attractive material for the construction industry. This product is ideal for masonry fillers, floor systems, roof decks, and other areas where insulation is required. Rising construction activity across the globe is expected to fuel the growth of the expanded perlite market during the forecast period.

Recent Developments

• October 2020: IMCD US and IMERYS minerals extended distribution agreements. IMCD currently represents IMERYS Performance Minerals as a preferred distributor in the United States and Canada.
• June 2020: IMERYS Performance Minerals acquires Cornerstone Industrial Minerals Corp. made this acquisition to strengthen their product offerings in the agricultural and horticultural market.

Report Scope

Regional Landscape

• Asia Pacific dominated the expanded perlite market in 2021

During the forecast period, the global expanded perlite market is projected to be dominated by Asia Pacific. Expanded perlite demand in the region was primarily driven by the construction industry. Trends such as urbanization and lifestyle changes are expected to boost the expanded perlite market shortly. Growth in the construction industry is expected to drive market growth in the coming years. The region is home to many large construction companies and has a huge customer base. Population growth, massive government spending, and the need for infrastructure development will boost the construction sector shortly.

Competitive Landscape

• Perlite-Hellas 
• Keltech Energies Ltd. (KEL) 
• Aegean Perlites SA 
• Imerys SA (Imerys) 
• Supreme Perlite Company 
• Midwest Perlite Inc. 
• Cornerstone Industrial Minerals Corporation 
• The Schundler Company 
• Silbrico Corporation 
• Perlite Vermiculite Packaging Industries Inc. (PVP)

Global Expanded Perlite Market is segmented as follows:

By Application

• Construction products
• Fillers
• Horticultural aggregate
• Filtration & process aid
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America