Perlite Global Market Report 2024

The perlite market size has grown exponentially in recent years. It will grow from $1.7 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The growth observed in the historical period can be attributed to several key factors. These include the expansion within the construction industry, increased utilization in agricultural applications, utilization in oil and gas exploration processes, its role in various metallurgical processes, and its widespread use in horticulture and landscaping practices. These combined factors have significantly contributed to the growth of perlite during the historical period.

The perlite market size is expected to see exponentially grown in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The anticipated growth in the forecast period is expected to be driven by several key factors. These include the expanding construction sector, rising demand for perlite in horticultural applications, its use in renewable energy projects, and advancements in metallurgical processes driving increased utilization.

The growth in the perlite market is driven by the escalating demand in mining activities. Mining involves extracting valuable materials from the earth, and perlite, predominantly used in construction products like ceiling tiles, roof insulation, refractory bricks, and masonry block filling, holds a significant share in this sector. According to the United States Geological Survey's data from January 2023, the consumption of domestically processed crude perlite in the US witnessed an estimated 500,000-ton usage in 2021, valued at $34 million. This marked an increase of $4 million from the $31 million valuation recorded in 2020, highlighting the rising demand driving the growth of the perlite market.

The burgeoning expansion of the construction industry is expected to be a driving force behind the growth of the perlite market. Perlite, widely utilized in this sector as a lightweight aggregate for crafting insulating concrete and plaster, significantly improves thermal and acoustic insulation properties while reducing material weight. As reported by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in June 2023, privately owned home starts in May 2023 surged to a seasonally adjusted annual pace of 1,631,000 units, marking a robust 21.7% increase from the revised April 2023 prediction of 1,340,000 units. Likewise, the number of privately owned home completions reached 1,518,000 on a seasonally adjusted yearly basis in May 2023, indicating a notable 5.0% rise from the May 2022 rate of 1,446,000 units. This substantial growth in construction activities is propelling the perlite market. Key companies operating in the perlite market are intensifying their focus on innovating perlite-based horticultural products to gain a competitive edge. These products, incorporating perlite, a porous volcanic mineral enhance soil aeration, drainage, and create conducive environments for plant root development in various horticultural applications. For example, in February 2021, Dicalite Management Group, LLC unveiled a new line of horticultural products under the Harvest Hero brand, targeting cannabis growers and gardeners. Their first product, the Enhanced Perlite Mix, is a patent-pending soilless media comprising perlite, diatomaceous earth, and essential nutrients. This innovative blend supports initial growth for 30 to 40 days without requiring additional fertilization, representing a significant advancement in soilless substrates. The introduction of such products has the potential to revolutionize the soilless mix category.

Major companies operating in the perlite market report are Aegean Perlites SA, Bergama Perlite, Australian Perlite Pty Limited, Carolina Perlite Company, Supreme Perlite Company, Midwest Perlite, Whittermore Company Inc., Termolita S.A.P.I. De CV, Silbrico Corporation, Saudi Perlite Industries, Procema Perlit SRL, Pratley, Persolite Products Inc., Accimin SA DE Cv, Pennsylvania Perlite Corporation, Norcal Perlite Inc., Ausperl Pty. Ltd., Alvand Chemical Company, Cevahir Perlite, EP Minerals, Dicalite Management Group Inc., Exfoliators Pty Ltd., Genper Expanded Perlite Industry Business Co., Gulf Perlite LLC, IPM Industries, Keltech Energies Ltd., Dicaperl Minerals Corp, Zhongyan, Luoyang Zhongsen Refractory Co.Limited, Perlite Hellas, Cornerstone Industrial Minerals, the Schundler Company.

North America was the largest region in the perlite market in 2023.the regions covered in the perlite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

The countries covered in the perlite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The perlite market includes revenues earned by entities by constructing and manufacturing of plasters, and masonry. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The primary categories of perlite include construction products, horticultural and agricultural applications, industrial perlite, filtration and process aid uses, and other miscellaneous applications. Perlite is a versatile substance with multiple commercial and industrial purposes available in crude and expanded forms. Mining techniques encompass both underground and surface mining methods for extraction.

The perlite market research report is one of a series of new reports provides perlite market statistics, including perlite global industry, regional shares, competitors with a perlite market share, detailed perlite market segments, market trends and opportunities, and any further data you may need to thrive in the perlite industry. This perlite global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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