Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Perlite - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Perlite Market to Reach $1.9 Billion by 2030
The global market for Perlite estimated at US$1.5 Billion in the year 2023, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030.
Perlite, characterized by its amorphous, expandable, siliceous nature and high water content, boasts unique properties driving widespread market adoption across myriad end-use applications, particularly in industrial settings. Global perlite production is predominantly led by China and Greece. The market outlook reveals a continued recovery in global GDP, promoting growth in perlite consumption.
Expanded Perlite, one of the segments analyzed in the report, is expected to record 4.1% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Crude Perlite segment is estimated at 0.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $407.4 Million, While China is Forecast to Grow at 6.4% CAGR
Asia-Pacific emerges as the largest and fastest-growing regional market for expanded perlite, fueled by an upward movement in construction activity across Asian countries. In 2024, competitive dynamics in the perlite market see key competitors vying for market share.
The Perlite market in the U.S. is estimated at US$407.4 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$402.5 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $1.9 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Perlite: Amorphous, Expandable, Siliceous and Naturally Occurring Volcanic Rock with High Water Content
- Unique Properties and Myriad End-use Applications Drive Widespread Market Adoption
- Industrial Applications
- China and Greece Dominate Global Perlite Production
- Global Market Outlook
- Continued Recovery in Global GDP Promote Growth in Perlite Consumption
- Asia-Pacific: The Largest and Fastest Growing Regional Market Worldwide for Expanded Perlite
- Upward Movement in Construction Activity in Asian Countries to Drive Strong Market Gains
- Perlite - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Healthy Recovery in the Construction Industry, the Largest Application Area for Perlite, Drives Steady Market Growth
- Expanded Perlite Enjoys Strong Foothold in the Construction Industry
- Rising Demand for Energy Saving Insulating Material Provides Traction to Growth of Perlite
- Growing Use of Perlite as an Important Component in Soilless Growth Mixes Drive Consumption in Horticulture Applications
- Issues Confronting Horticulture and Role of Perlite in Overcoming Such Issues
- Fireproof, Lightweight, Non-hazardous and Non-toxic Properties Spur Demand for Perlite in a Broad Range of Industrial Applications
- High Growth in High Temperature Insulation Creates Huge Demand for Perlite
- High Temperature Insulation Processes Where Perlite is a Key Element
- Perlite Use in Ladle-topping
- Risering and Hot Topping Processes Require Perlite
- Refractories Insulation: A Significant Application of Perlite
- Personal Care Products: A Niche, yet Lucrative Application Segment for Perlite
- Rising Interest in Ultra-fine Perlite Fillers for Several Proprietary Applications Augurs Well for the Market
- High-Performance Perlite Fillers to Gain Market Share
- Growing Need to Prevent Uncontrolled Contamination in Food Production Boosts Demand for Perlite Filters
- Select End-Use Applications in Industries for Perlite Filters
FOCUS ON SELECT PLAYERS (Total 42 Featured)
- Aegean Perlites SA
- Amol Dicalite Limited
- Australian Perlite Pty.
- Blue Pacific Minerals Ltd.
- Cornerstone Industrial Minerals Corporation
- Dupre Minerals Limited
- EP Minerals, LLC
- Genper Group
- Imerys Filtration Minerals Inc.
- IPM Iperlit Mining & Construction Limited Company
- Johns Manville Corporation
- Perlite Canada Inc.
- Pull Rhenen B.V.
- PVP Industries, Inc.
- Saudi Perlite Industries
- Supreme Perlite Company
- TERMOLITA S.A.P.I de C.V
- The Schundler Company
- Uzay Perlit Madencilik Kimya Maddeleri
- Whittemore Company Inc.
- William Cox Minerals Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/jwptn
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