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Perlite Market worth $2.0 billion by 2025 | Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India) are the leading perlite manufacturers globally

01-27-2021 02:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

Perlite Market worth $2.0 billion by 2025 | Imerys Minerals (UK),

The report "Perlite Market by Form (Expanded Perlite and Crude Perlite), Application (Construction, Agriculture & Horticulture, and Industrial), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2025"The global perlite market size is expected to grow from USD 1.6 billion in 2020 to USD 2.0 billion by 2025, at a CAGR of 7.0% during the forecast period. Perlite is used across applications, such as construction, horticulture & agriculture; industrial is the key end-use industry owing to the wide applications of this perlite.

Browse 127 market data Tables and 25 Figures spread through 133 Pages and in-depth TOC on "Perlite Market - Global Forecast to 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/perlite-market-219145595.html

The industrial is expected to register the highest CAGR in the global perlite market during the forecast period.
Perlite has various beneficial properties; it is non-toxic, fireproof, and lightweight in nature. It is available in different sizes and can be expanded to the preferred volume according to the application areas. It can also hold numerous liquids such as chemical mixtures, oil, and water. These properties have increased the demand of perlite in various industrial applications such as abrasives, well cement, plastic fillers, and cryogenic tanks. The industrial segment is the fastest segment of the global perlite market with a CAGR of 8.0%, in terms of value.

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APAC is expected to hold the largest market share in the global perlite market during the forecast period.
Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the intimate apparels and sportswear industries in countries such as China, Japan, India, South korea, and Australia have led to an increased demand for Perlite in the Asia Pacific region.

Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India), and other players are the leading perlite manufacturers globally.

COVID-19 Impact on the Perlite Market

The global Perlite market includes major Tier I and II suppliers like as Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and the Rest of the World. COVID-19 has impacted their businesses as well.

These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for perlite is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=219145595

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