The global expanded perlite market is projected to grow at a CAGR of 5.8% during the forecast period (2021-2027). The key aspects that drive the growth of the expanded perlite market includes the growth in the end-user industries such as agriculture & horticulture, construction, industrial and others. Perlite is used for a variety of applications in the construction industry as a cavity wall in residential homes; in specialty applications such as fireproofing sprays, chimney fills, interstitial floors, and acoustical sprays; as an aggregate in lightweight insulating concrete and plaster in masonry blocks as loose-fill insulating material among many others.

Whereas, in the agriculture & horticulture industries perlite is used as a component of soil-less growing mixes where it provides aeration and optimum moisture retention for superior plant growth. It is used by cannabis growers to improve the quality of the growing medium. The rise in cannabis cultivation is driving the perlite market as cannabis is used extensively for medicinal purposes. Hence, the rising end-user industries are likely to aid the market growth during the forecast period.

Segmental Outlook

The global expanded perlite market is segmented on the basis of end-users as agriculture & horticulture, construction, industrial, and others. Amongst these, the construction segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the various constructional activities in-process across the globe. As per the World Economic Forum, China is the largest building construction market in the world, with up to 2 billion square meters constructed annually, accounting for half of the new construction globally. Further, the rapid urbanization in the emerging economies is expected to boost the spending in vital infrastructure sectors such as power, construction, and transportation. Hence, this will substantially aid the market growth.

Global Expanded Perlite Market, by End-Users 2020 (%)

Regional Outlook

The global expanded perlite market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the Expanded Perlite market in the region. Countries including China and India are investing significantly in the construction industry. As per the Department for Promotion of Industry and Internal Trade (DPIIT), in India, FDIs in the construction sector stood at $29.53 billion and $23.99 billion between April 2020 and December 2020, respectively. 

Further, the Indian government has taken a few key measures and initiatives including Smart Cities, Housing for All, and ‘Atal Mission for Urban Rejuvenation and Transformation’ (AMRUT) which is further contributing to the growth of the construction industry of India. For an instance, in China, $7.7 trillion worth of contracts were signed by the construction enterprises in 2018. In 2019, China Railway Construction Corporation announced that the newly signed contracts for the first three quarters in the year 2019, rose 25.07% from 2018 to $ 170 billion. In the same vein, for the third quarter, the value of contracts spiked 40.3% to $61.3 billion. 

Global Expanded Perlite Market, by Region 2020 (%)

Market Players Outlook

The prominent players functioning in the global expanded perlite market include Aegean Perlites SA, Blue Pacific Minerals Ltd., Calgon Carbon Corp., Cornerstone Industrial Minerals, Inc., Dupré Minerals Ltd., Imerys Group, Perlite Construction Co., Supreme Perlite Co., The Schundler Co., and Whittemore Co., Inc. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global expanded perlite market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.