Perlite Market Growing Worldwide with New Innovations; Industry Analysis & Forecast up to 2024

The report defines the global perlite market as a naturally occurring volcanic glass formed by the hydration of obsidian. Perlite is term refers to the siliceous rock.  Perlite has a relatively high content of water that helps it to expand 7 to 20 times its original volume when heated to a suitable point.

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High adoption of perlite in the construction industry drives the growth of perlite market. According to the Perlite Institute, more than 50% of the total produced perlite is used in the construction industry. In the construction, industry perlite offers an important role in a wide variety of construction-related uses. Perlite has outstanding insulation and lightweight characteristics so it used as an insulating concrete and plaster, and insulation material for concrete masonry blocks, cavity walls, in residential homes. It also used in various construction applications such as fireproofing sprays, chimney fills interstitial floors, acoustical sprays and among others.

The perlite offers various benefits in the construction industry including Superior thermal performance with high insulating values, higher fire ratings, Lightweight and durable, smooth monolithic slope-to-drain surface and others. In addition, the introduction of innovative hybrid perlite technology will further improve the quality of cellular concrete. In addition, rapidly growing urbanization and industrialization in the developing countries which results in the robust growth of the construction and building industry.

Market Segmented by Form

By form, the global perlite market is bifurcated into Crude Form, Expanded Form, and Crushed Form. The crude form of perlite is an amorphous crystal that does not contain any form of crystalline silica. The crude Perlite range in colour from transparent light grey to glossy black whereas expanded Perlite ranges from snowy white to greyish white. Expanded perlite is extensively used in the construction sector. They provide various benefits including refractory and chemically inert with stable volume, resistant to moisture and contamination, high resistance to freezing, pests, micro-organisms, high temperatures and others.

Major Key Players

The key players in the global perlite market include Aegean Perlites SA, Bublon GmbH, Carolina Perlite Company, Inc., Cornerstone Industrial Minerals Corp, Dicalite Management Group, EP Minerals, LLC, Exfoliators (Aust) Pty LTD, Genper Group of Companies, Perlite Canada, Inc., Gulf Perlite LLC and Others. The global perlite market is prophesied to witness high growth as key vendors in the market are focusing on developing new technologies to offer better products to the customer.

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