Expanded Perlite Market Insights: Uncovering Growth Drivers and Shaping the Path to 2030 | Imerys SA, Termolita S.A., Aegean Perlites SA

The Expanded Perlite Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Expanded perlite is a volcanic mineral that expands by rapidly heating according to the chemical reaction. It is widely used as a soil amendment and filtration media in horticulture applications owing to its moisture retention and insulating properties.

Market Dynamics:

Expanded perlite finds major application in agricultural and horticultural applications such as growing medium, soil amendments, and filtration media owing to its desirable physical properties. Furthermore, the growing demand for organic food crops has boosted the use of perlite as an important ingredient in organic farming practices. Another driver fueling the market growth is the increasing demand for greenhouse farming methods across both developing and developed nations. Furthermore, its low bulk density and high insulation values have increased its use in construction applications such as plaster and concrete.

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Top Companies Covered In This Report:

★ Imerys SA
★ Termolita S.A.
★ Aegean Perlites SA
★ Perlite Hellas
★ Cornerstone Industrial Minerals
★ The Schundler Company
★ Gulf Perlite LLC
★ Keltech Energies Ltd.
★ Silbrico Corporation
★ Perlitsan
★ Blue Pacific Minerals
★ Dupré Minerals Limited
★ Midwest Perlite Inc.
★ Hess Perlite
★ Dicalite Management Group
★ Perlite Vermiculite Packaging Industries
★ Pratley Perlite Mining Co (Pty) Ltd.
★ Brasil Minérios
★ Perlit-92 Kft
★ Cevahir Perlit Madencilik

Detailed Segmentation:

By Form:

★ Expanded Perlite
★ Crushed Perlite
★ Perlite Fines

By Applications:

★ Construction Products
★ Horticulture & Agriculture
★ Industrial
★ Transportation
★ Others

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Increased Demand from Agriculture and Horticulture Industries is Driving the Expanded Perlite Market

The expanded perlite market is growing rapidly due to the increasing demand from agriculture and horticulture industries. Perlite has widespread applications in these industries as it is used in potting mixes, soil conditioners, and growing media. It improves the water retention and aeration in soil which enhances plant growth. With growing global population and rising food demand, agriculture production has increased significantly. Farmers are using perlite to maximize crop yield from the available land. In greenhouse farming, perlite provides structural support and regulates temperature and moisture content which is ideal for growing fruits and vegetables. It also finds applications as filler in mulch, compost and manure. The booming greenhouse vegetable cultivation and rising global consumption of flowers and plants have boosted the consumption of perlite.

Rising Use of Expanded Perlite as Construction Material is Fuelling Market Growth:

Another key factor augmenting the expanded perlite market is the increasing application as lightweight construction material. Perlite has high insulation properties and provides durability, strength and fire resistance. It is used as aggregate in perlite concrete to enhance its workability. Perlite helps in reducing the weight of concrete structure by 40-50% compared to traditional concrete. Considering its advantages, perlite concrete is replacing conventional concrete in infrastructure, commercial and industrial construction projects. It is also used as insulating material in cavity walls, roofs and between concrete blocks. Besides, expanded perlite finds application as fill material in construction of roads, parking lots, landfill capping layers etc. With the continuous growth in construction activities globally especially in emerging economies, the demand for perlite as a construction material is witnessing an upward trend.

Stringent Regulations on Formaldehyde Emissions acting as Roadblock for Market:

One major challenge restraining the market expansion is the implementation of stringent regulations on formaldehyde emissions from construction materials. Formaldehyde is a known carcinogen and its exposure can cause various health issues like asthma, eye irritation and even cancer. Since perlite requires the use of phenol formaldehyde resin as a binder during expansion process, it emits low levels of formaldehyde over time. Various regions and countries have imposed strict regulations limiting the VOC and formaldehyde emissions from building insulation and construction materials. For example, California's standard for formaldehyde emissions from insulation is 0.05 ppm, which is very low. Meeting these regulatory norms increases production costs and complexity for perlite manufacturers. However, industry participants are actively conducting R&D to develop alternative binding agents with minimal or zero emissions.

Development of Value-added Applications opening New Market Opportunities:

Rising development of advanced applications utilizing properties of expanded perlite presents significant opportunities for market expansion. Ongoing research is exploring the potential of perlite as lightweight aggregate in production of concrete roof tiles, paving blocks and cellular concrete products. Its excellent insulation properties are leveraged in manufacturing highly insulated cladding panels, roofing tiles and walls. Perlite has also emerged as an effective filtration medium and finds wide usage in industrial processes like wastewater treatment, degassing and pH adjustment. Growing environmental consciousness is propelling industries to invest in waste water treatment plants where perlite based filters play a vital role. The market players can capitalize on these evolving trends by diversifying their product portfolios and collaborating with end-use sectors. Commercialization of novel applications will open new revenue streams and help sustain market growth over the long run.

Increasing Adoption of Green Building Concepts to Shape Future Market Trends:

One of the predominant trends likely to influence the future course of expanded perlite industry is the rising emphasis on sustainable and green construction globally. With growing environmental awareness, builders and developers are opting for environment-friendly materials that reduce energy usage over the lifecycle of infrastructure. Expanded perlite perfectly fits the criteria of a green building material due to its exceptional thermal insulation ability and lightweight nature. It enhances the energy efficiency of buildings by lowering cooling and heating costs. Since perlite is a non-toxic and inorganic material, it also aligns well with the principles of green construction. Most developed nations are promoting green building projects through initiatives like LEED certification which is catalyzing the replacement of conventional materials with eco-friendly alternatives like perlite. The expanding green building sector will drive higher adoption of perlite and support the business expansion of market

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Key Questions Answered in This Report on Expanded Perlite Market

• How much revenue will the global Expanded Perlite Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Expanded Perlite Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Expanded Perlite Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Expanded Perlite Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle-East and Africa

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This release was published on openPR.