Perlite is a type of volcanic glass that is used in a variety of applications, including construction, horticulture, and filtration. The global perlite market is expected to grow at a moderate rate over the next few years, driven by increasing demand for lightweight construction materials and growing adoption of hydroponic farming.
According to a report by marketsandmarkets, The global perlite market size is estimated to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. The research report presents a strategic analysis of the global perlite market analysis through top players, size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis expert review.
The construction industry is one of the major drivers of the perlite market, as perlite is widely used in lightweight concrete, plasters, and mortars. Growing demand for green buildings and sustainable construction materials is also expected to drive the demand for perlite in the coming years.
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In addition, the horticulture industry is another major end-user of perlite, as it is used as a soil amendment to improve aeration and drainage in soilless growing media. The increasing adoption of hydroponic farming, which uses perlite as a growing medium, is expected to boost the demand for perlite in the horticulture industry.
Some of the upcoming trends in the perlite market include increasing use of perlite in the production of lightweight insulation materials, growing adoption of perlite in the food and beverage industry as a filter aid, and increasing focus on the development of sustainable perlite mining practices.
Perlite Market Trending Key Players
- Imerys Minerals (UK)
- Keltech Energies (India)
- Dupré Minerals (England)
- Amol Dicalite (India)
Imerys Minerals (UK) is the largest player in the market. In October 2020, IMCD US and IMERYS Minerals expanded their distribution agreement. IMCD will now represent IMERYS Performance Minerals as its preferred distributor across the U.S. and Canada.
"The horticulture agriculture segment is expected to register the highest CAGR"
The horticulture and agriculture segment is expected to register the highest CAGR (Compound Annual Growth Rate) in the global perlite market. Perlite is widely used in horticulture and agriculture as a soil amendment to improve soil aeration, drainage, and water retention. Perlite is also used as a growing medium in hydroponic farming, which is gaining popularity due to its higher yields and more efficient use of resources compared to traditional farming methods. The increasing adoption of hydroponic farming and the growing demand for organic food are expected to drive the demand for perlite in the horticulture and agriculture segment, resulting in a higher CAGR compared to other segments such as construction, industrial, and others.
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"APAC is expected to hold the largest market share in the global perlite market"
The global perlite market is expected to grow at a moderate rate in the APAC (Asia-Pacific) region, driven by increasing demand from the construction and horticulture sectors. The construction industry is one of the major drivers of the perlite market in the APAC region, as countries such as China and India are investing heavily in infrastructure development. Perlite is used in lightweight concrete, plasters, and mortars, which are gaining popularity due to their lower weight and higher insulation properties.
the horticulture industry is another major end-user of perlite in the APAC region. Perlite is widely used as a soil amendment to improve soil aeration, drainage, and water retention, and it is also used as a growing medium in hydroponic farming. The increasing adoption of hydroponic farming and the growing demand for organic food are expected to drive the demand for perlite in the horticulture sector. The APAC region is witnessing a shift towards sustainable construction and agriculture practices, which is expected to drive the demand for perlite in the region. Perlite is a natural and sustainable material that can be mined without causing significant environmental damage.
