Press release
Rising Construction Activities Fueling Growth Of Vermiculite Market Driving Market Acceleration in the Vermiculite Industry, 2025
Vermiculite Market
How Large Will the Vermiculite Market Size By 2025?
In recent times, the vermiculite market has seen significant growth. The market value is projected to rise from $0.27 billion in 2024 to $0.3 billion in 2025, registering a compound annual growth rate (CAGR) of 8.1%. This notable growth during the historical period is due to factors such as the construction sector, contributions from horticulture and agriculture, industrial uses, fireproofing and insulation, and the oil and gas industry.
How Big Is the Vermiculite Market Size Expected to Grow by 2029?
In the coming years, the vermiculite market is slated to experience substantial growth, reaching $0.39 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. The predicted growth during the forecast period can be linked to factors such as enhanced infrastructure, increased environmental consciousness, the rise of emerging markets, and technological progress. Key trends projected in the forecast period encompass electrification and lightweighting, the use of advanced materials, the prevalence of additive manufacturing, digitalization and connectivity, as well as collaboration and partnerships.
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Which Key Market Drivers Powering Vermiculite Market Expansion and Growth?
The surge in construction activity around the globe is predicted to bolster the expansion of the vermiculite market in the future. The rise in construction practices fosters a need for construction services and materials, subsequently encouraging the growth of the construction industry. Vermiculite supports the construction sector by offering superior insulation and fire resistance attributes, improving building energy efficiency and safety for various applications. For instance, per the Office for National Statistics in the UK, yearly construction output saw a 5.6% increase in 2022 compared to 2021, following a record-breaking increase of 12.8% in 2021. This swift expansion in construction activity played a significant role in driving the growth of the vermiculite market.
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Which Fast-Growing Trends Are Poised to Disrupt the Vermiculite Market?
The mining industry is increasingly employing the use of modular components designed via 3D printing. This revolutionary technology allows firms situated in isolated areas to produce essential parts onsite, tailored to their specific needs. This significantly minimizes delays associated with unexpected maintenance and eliminates the necessity for stockpiling inventory. Utilizing sophisticated heavy-lift transportation, miners transport these modular equipment pieces to remote locations. Leveraging 3D printing, miners can assemble processing units in more economical manufacturing facilities elsewhere, bypassing the costly onsite construction of modular equipment.
What Are the Emerging Segments in the Vermiculite Market?
The vermiculite market covered in this report is segmented -
1) By Type: Large Grade Vermiculite, Fine And Finer Grade Vermiculite, Medium Grade Vermiculite
2) By Product: Crude Vermiculite, Exfoliated Vermiculite
3) By End-User Industry: Chemical, Agriculture, Automotive, Construction, Other End-User Industries
Subsegments:
1) By Large Grade Vermiculite: Coarse Large-grade Vermiculite, Expanded Large-grade Vermiculite
2) By Fine And Finer Grade Vermiculite: Fine-grade Vermiculite, Finer-grade Vermiculite
3) By Medium Grade Vermiculite: Medium-grade Expanded Vermiculite, Medium-grade Raw Vermiculite
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Who Are the Global Leaders in the Vermiculite Market?
Major companies operating in the vermiculite market include Palabora Mining Company Limited, Samrec Vermiculite Zimbabwe (Pvt) Ltd., Virginia Vermiculite LLC, Uniao Brasileira de Mineracao SA, Showa Denko KK, Mitsui Sumitomo Metal Mining Brass & Copper CO. Ltd., Genper Group, Dicalite Management Group, EP Minerals LLC, Termolita SAPI de CV, Therm-O-Rock East Inc., Ausperl Pty Ltd, Bulk Apothecary, Dupré Minerals Limited, Exfoliators (Aust) Pty Ltd., Isola Vermiculite GmbH, KVB Processors Pvt. Ltd., Palmetto Vermiculite Company, Perlite Vermiculite Packaging Industries Inc., Sun Silicates (Pty) Ltd, Dämmstoff-Fabrik Klein GmbH, The Schundler Company, Whittemore Company Inc., W.R. Grace & Co., Carolina Perlite Company Inc.
Which are the Top Profitable Regional Markets for the Vermiculite Industry?
Western Europe was the largest region in the vermiculite market in 2023. Asia-Pacific was the second largest region in the vermiculite market. The regions covered in the vermiculite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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