by The global Expanded Perlite Market is estimated to be valued at US$ 1.51 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Expanded perlite is a hydrous volcanic glass that expands greatly when heated. It is primarily used as a lightweight aggregate for concretes, plaster, insulation panels and filter aids. Expanded perlite has high shock resistance, low thermal conductivity and moisture resistance. It is used as a substitute for vermiculite and pumice in construction applications owing to its excellent sound absorption and insulation properties.
Market key trends:
One of the major trends in the expanded perlite market is the rising construction activities worldwide. Expanded perlite is widely used in the construction industry for applications such as acoustic and thermal insulation in buildings. It is used in ceilings, walls and roof cavities for its ability to insulate against heat and cold while allowing air circulation and vapor permeability. The growing construction of commercial and residential buildings is expected to drive the demand for expanded perlite over the forecast period. Additionally, expanded perlite is gaining traction as a substitute for traditional insulation materials owing to its superior properties and ecological advantages, which is also fueling the market growth.
Porter’s Analysis
Threat of new entrants: The specialized production facilities required for perlite and regulated nature of its end uses pose moderate threat to new entrants.
Bargaining power of buyers: The expanded perlite market has numerous global players restricting the bargaining power of buyers to moderate levels.
Bargaining power of suppliers: Perlite ore is available from a limited number of sources with Imerys and Aegean being the major suppliers giving them moderate bargaining power.
Threat of new substitutes: Substitutes like vermiculite, pumice, and ceramic beads offer limited threat due to perlite’s superior properties like fire resistance and acid neutralizing.
Competitive rivalry: Global players compete based on product performance, prices, and supply consistency keeping the competitive rivalry high.
Key Takeaways
The global Expanded Perlite Market Share is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing usage in construction applications.
The Asia Pacific region dominated the global market in 2023 and is expected to grow at the highest rate during the forecast period due increasing construction activities in China and India. Countries like India, Indonesia and Vietnam are expected to lucrative markets.
Key players operating in the expanded perlite market are Imerys SA, Termolita S.A., Aegean Perlites SA, Perlite Hellas, Cornerstone Industrial Minerals, The Schundler CoChemicampany, 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 Aegean Perlites SA dominate expanded perlite production globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
