Global Perlite & Vermiculite Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Perlite & Vermiculite Market Introduction:

The Global Perlite & Vermiculite market was valued at over US$ 604 Mn in 2020 and is projected to register а САGR of over 1.5% by 2031.

Perlite is a porous, lightweight and expandable type of volcanic rock. It is the most common ingredient in instant potting soil and can also be used as an insulator to retain heat or for masonry grout. Perlite is made up of silicon dioxide (SiO2) and has a high level of air pockets that allow it to make plants root easily and prevent weed growth.

Perlite is a volcanic rock that has been heated to a very high temperature, then begins to expand into a white, porous form. It can also be used as a growing medium for plants or as a filter for water. Perlite is naturally occurring mineral with low specific gravity. It has many applications in the construction industry, including use as insulation. One of the disadvantages of perlite is its fragility when mishandled.

Vermiculite material is a heat-expanded, hydrous, non-foliated phyllosilicate mineral formed by the hydrothermal alteration of granite. It can be contaminated with asbestos due to its fibrous structure. Vermiculite has many uses, including gardening as a soil amendment or growing medium. Vermiculite is a lightweight, aerated, and hydrophilic mineral primarily used to construct water tanks and insulation. Vermiculite is also used in agricultural applications to help retain soil moisture.

The properties of vermiculite make it an ideal material for many purposes, and it has been extensively researched and developed. Vermiculite is a product that is often used in gardening, pottery, and insulation. Vermiculite can be applied to clay pots to produce an airtight seal because it shrinks when heated. It is also used as insulation for homes because it does not attract mold or insects like other forms of insulation. Unfortunately, vermiculite has many disadvantages. The primary problem with vermiculite is that it may contain asbestos.

Factors Supporting The Revenue Growth For The Perlite & Vermiculite Market

The demand for perlite and vermiculite is increasing due to their benefits. These minerals are used as insulation, water purification, animal bedding, and many other uses. The demand has increased because they are being used more frequently in construction projects.

Perlite and vermiculite are both naturally occurring minerals mined for commercial purposes in the United States since the early 1900s. They are used primarily in construction, plastics, food processing, chemical refining, waste treatment, and oil extraction industries. As a result of the increasing demand for these minerals, the U.S. Geological Survey has released projections that show production will increase by 46% from 2007 to 2018, with much of this increase expected in emerging markets such as China.

Perlite & Vermiculite Market Restraints

Perlite and vermiculite are both non-essential minerals, and each has its own disadvantages. Perlite is a white mineral that expands when heated and shrinks when cooled. This can make it difficult to transport and handle if not used with extra care. On the other hand, Vermiculite is a type of rock that expands up to three times its original volume when heated.

Vermiculite is a mineral with an aluminosilicate crystalline structure. It is typically found in sedimentary rock deposits and can also be created artificially. The advantages of vermiculite are that it can provide insulation, soundproofing, fireproofing, high-strength concrete mix additive, and potting soil. However, it can have disadvantages too because it can cause allergic reactions if inhaled or ingested.

COVID-19 Impact Analysis For Perlite & Vermiculite Market

The COVID-19 outbreak has had a several negative impact on almost every industry. Serious disruptions in the global supply chains of raw materials, intermediates and final products are being felt worldwide. The recycling industry that provides plastic and cardboard packaging materials has been severely disrupted.

This has led to price fluctuations and sudden raw materials and final product shortages. In addition, during the initial blockade, the cessation of production and trade activities caused the supply of these products to stagnate for a period of time. Nevertheless, the relaxation of trade activities and increased demand for food and beverages, medicines, other basic products, and packaging requirements have brought the market back to normal.

Perlite & Vermiculite Market Dynamics

The global Perlite & Vermiculite market is segmented based on product type, end-use industry, regions, and countries. The perlite segment is expected to account for the majority revenue share over the forecast period based on product type. The construction industry is also expected to account for the highest share in this target market among the end-use industry segments.

Regional Analysis:

The Asia Pacific perlite market has the greatest growth potential and is stimulated by the region's booming construction and agricultural and horticultural industries. The rapid urbanization has led to a surge in construction activity, especially in China, India, and Japan. In addition, the region’s government is investing heavily in infrastructure projects, which has increased the demand for perlite in the region.

Competitive Landscape:

The Perlite & Vermiculite market landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in the Asia-Pacific region.

• Palabora Copper (Pty) Limited.
• Virginia Vermiculite LLC
• White Knight Minerals Private Limited.
• Dupré Minerals Limited.
• Whittemore Company Inc.
• Exfoliators (Aust) Pty Ltd.
• Palmetto Vermiculite Company
• Mughal Ceramics Industry
• Hebei Vermiculite Product Co.,Ltd.
• TECHNO-PHYSIK Engineering GmbH
• AUSPERL Pty Ltd
• BERGAMA MINING PERLITE
• Genper
• Imerys Minerals
• IPM Industries
• Keltech Energies Ltd.
• Dupré Minerals
• Amol Minechem
• Profiltra BV
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Segments Covered

Global Perlite & Vermiculite Market, By Product Type

• Perlite
• Vermiculite

Global Perlite & Vermiculite Market, By End-Use Industry

• Construction
• Horticultural & Agricultural
• Chemical
• Other End-Use Industries