The expanded perlite market is estimated to be valued at US$ 1.51 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The expanded perlite market Market is estimated to be valued at US$ 1.51 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Expanded perlite is a gray-colored, porous, and lightweight volcanic glass that has a frothy, cellular structure resemblingStyrofoam as a result of heating during manufacture. It is used in various applications including horticulture, construction, filtration, and abrasives owing to its properties such as insulating, lightweight, and moisture retention.

Market key trends:
One of the key trends gaining traction in the expanded perlite market is its increasing usage in horticulture applications such as growing media in hydroponics, potting mixtures, and soil amendments. Expanded perlite helps improve soil aeration and water retention, which boosts plant growth. It is widely used as a soil amendment and additive for potting soils in vegetable gardening, landscaping, and agriculture. Expanding application of perlite in horticulture is expected to drive the market growth over the forecast period. Increasing population and rising demand for food have prompted cultivators to adopt effective soil amendments and growing media to boost crop yields, thus supporting the consumption of expanded perlite.

Porter’s Analysis

Threat of new entrants: The global expanded perlite market has moderate threat of new entrants due to high capital requirement for setting up production facilities and established brand presence of existing players.

Bargaining power of buyers: Buyers have moderate bargaining power due to presence of substitutes and availability of many suppliers in the market.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of raw material from many suppliers globally.

Threat of new substitutes: Threat from substitutes is low as expanded perlite has unique properties that make it irreplaceable for numerous applications.

Competitive rivalry: The global market is moderately competitive due to presence of major players.

SWOT Analysis

Strength: Expanded perlite has superior properties like fire resistance, low thermal conductivity and acoustical insulation. It is cost effective and environment friendly.

Weakness: Expanded perlite mining operations cause environmental pollution. Supply chain disruptions can affect the market.

Opportunity: Increasing construction activities in Asia Pacific and Middle East regions provide growth opportunities. Rising insulation demand from various end use industries also presents opportunities.

Threats: Volatility in raw material prices and strict environmental regulations pose threats. Substitutes like vermiculite and calcium silicate also threaten the market.

Key Takeaways

The global Expanded Perlite Market Share is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing insulation needs from construction and industrial sectors. The Asia Pacific region dominates the global market with over 35% share owing to rising construction activities in China and India.

Asia Pacific region will continue to dominate the market followed by North America and Europe. China accounts for over 40% of global production and is the fastest growing regional market due to rapid urbanization and infrastructure growth. Expanding manufacturing sector in India will boost perlite insulation demand over the coming years.

Key players operating in the expanded perlite market are 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, Perlit-92 Kft, Cevahir Perlit Madencilik. Imerys and Termolita enjoy a major market share of over 20% through their diversified product portfolio and global production facilities.

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