Perlite Market Industry Overview, Trends and Growth Opportunities Forecasted till 2023
Demand for perlite in various
applications has been showing an upward trend. The Global Perlite Market is
expected to grow at a CAGR of 6.85% and reach a valuation of USD 2,250 Mn over
the forecast period of 2018-2023, asserts Market Research Future (MRFR) in a
minutely analyzed research report. The Global Perlite Market stood at USD 1,512
Mn in 2017.
Robust growth in the construction industry has resonated strong growth in The
Global Perlite Market. Rise in residential construction purveyed by low-interest
rates, low debt service rations, and rise in disposable income. Perlite
finds application in purposes ranging from fireproofing sprays, chimney fills,
to interstitial floors. It is being highly favored for such purposes owing to
its outstanding insulating properties and light-weight. It also helps in the
reduction of noise transmission and is vermin and termite resistant.
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Expanded Perlite is used across the globe as a component
of soil-less growing mixtures since assists in moisture retention for plant
growth. Its neutral pH value and the characteristics of being weed-free and
sterile makes it more attractive to home gardeners and commercial growers. They
are also used in greenhouse plantation.
The most diverse ranging applications for perlite is that in industrial
applications. It is used as filter media for pharmaceuticals, chemicals, and
food products. In the packaging industry, perlite is used for packaging of
flammable materials. Other uses include abrasive in soaps, cleaners, and
polishes.
The Global Perlite Market might be met by few factors which might restrict its
growth over the forecast period. Adverse health effects of perlite might pose a
negative impact on the growth of the Global Perlite Market. Perlite is
associated with respiratory problems caused due to minute particles present in
them. Perlite dust is also a nuisance as it may cause temporary physical
irritation, impaired visibility, and discomfort. Meanwhile, increasing
inclination towards green buildings and raising awareness regarding sustainable
construction methods are expected to provide growth opportunities to the Global
Perlite Market.
Report Overview:
This MRFR report provides a
thorough analysis of the prime factors determining the growth of the Global
Perlite Market in the regions of North America, Europe, Asia Pacific, South
America, and the Middle East & Africa. It also focuses on the revenue size
of significant players in the market along with the strategies adopted by them
for expansion. The report covers the application of perlite in construction,
agriculture & horticulture, and others. Revenue analysis based on different
forms of perlite has also been provided as a part of the research.
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Research Methodology:
At MRFR, primary emphasis is laid down on data accuracy to present a comprehensive view of the market and its various components. Both primary and secondary research methods are implemented to provide an in-depth analysis of current and historical trends of the market. Primary data mining includes interactions with top-level decision makers in the relevant field while secondary data collection uses credible sources to verify the data collected through primary means. The top-down and bottom-up approaches are deployed for the estimation of market size and ensure the reliability of the information provided.
Players Covered:
Imerys Performance Additives (France), Amol Dicalite Limited (India), Genper Group (Turkey), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Keltech Energies Ltd (India), Whittemore Company (US), The Schundler Company (US), Dupré Minerals (UK), IPM Group of Companies (Turkey), and Others.
Segmental Analysis:
By Form
- Expanded Perlite
- Crude Perlite
By Application
- Construction
- Agriculture & Horticulture
- Industrial
- Others
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
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