Expanded perlite is a mineral product obtained by expansion of raw perlite. Perlite is a siliceous glass-like volcanic mineral. It is hard and brittle and expands up to 20 times its original volume depending upon the mineral source. Raw perlite is milled and expanded by controlled rapid heating, which causes water molecules to escape from the mineral. This causes a popping sound, similar to a popcorn’s pop. Expanded perlite is a chemically inert, non-toxic, and stable material with excellent thermal, audio, and electrical insulation properties. It is primarily utilized in the construction industry for insulation, in the horticulture industry as soil aggregates, and in the beverage industry for food contact filtration applications.
Currently, manufacturers of construction products are major consumers of expanded perlite. Expanded perlite is used as a building block in the manufacture of insulating construction materials. It is also widely used in a variety of insulating applications in the construction industry, including bricks, boulders, cinder blocks, cement mixtures, and structural, thermal, and audio insulation panels. Expanded perlite is very versatile and can be milled differently for specific applications. Construction and horticulture industries are primarily boosting demand for expanded perlite and are anticipated to grow at an above-average rate compared to the global GDP in the next few years. These end-user segments are primarily driven by rising purchase power parity of the world’s population. Additionally, increased demand for expanded perlite in filtration applications due to its inert and non-toxic nature is fueling the global expanded perlite market. Expanded perlite has been proven safe for use in food contact applications. It is widely used in beer breweries worldwide for filtration applications. Expanded perlite’s unique structure aids in filtration of impurities without absorption of any content.
Substitutes act as a key factor restraining the expanded perlite market. Expanded perlite can be substituted by a range of products for all its applications. This is likely to hamper growth of the expanded perlite market in the near future.
In terms of volume, Asia Pacific continued its dominance in the global expanded perlite market, accounting for over 30% share in terms of volume in 2014. Demand for expanded perlite is anticipated to be high in construction products, horticulture, filtration, and personal care applications in Asia Pacific. Asia Pacific is estimated to be the fastest growing market for expanded perlite during the forecast period. This fast-paced growth can be attributed to high growth in the construction industry in the region during the forecast period. North America is projected to expand at a CAGR that is higher than the market average during the forecast period due to recovering construction industry and strong growth in horticulture and oil & gas drilling industries. Construction products and process aids applications are projected to fuel the expanded perlite market in the Middle East and Africa (MEA). Construction industry in GCC is undergoing rapid growth with major construction activities underway in Saudi Arabia, Qatar, and Dubai. This is likely to raise demand for building materials, consequently increasing demand for expanded perlite in the region.
The global expanded perlite market is fragmented in nature, comprising a few players with global operations. Large-scale producers have vertically integrated operations that offer them cost advantage over smaller players. Key players include Imerys SA, Silbrico Corporation, Aegean Perlites SA, PERLITE-HELLAS, Cornerstone Industrial Minerals Company, The Schundler Company, P.V.P. Industries Inc., Midwest Perlite Inc., and Keltech Energies Ltd.
Expanded perlite is the processed form of perlite mineral. Perlite is a volcanic siliceous mineral with a glass-like appearance. End-products manufactured from expanded perlite are used in several industries including construction, automotive, horticulture, beverages, personal care, and chemicals.
This report provides a detailed description of the global expanded perlite market based on volume share (kilo tons) and revenue (US$ Mn) from 2014 to 2023. It highlights factors contributing to growth of the market, and restraints hindering the market. Detailed forecast for expanded perlite from 2015 to 2023 has been provided separately for a better understanding of the market scenario. The expanded perlite market is described with respect to various segments along with potential opportunities during the next six years.
In terms of geography, the global expanded perlite market has been segmented into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Each region has been further divided into countries that are found to be key markets for expanded perlite.
The study segments the global expanded perlite market on the basis of applications such as construction products, fillers, horticultural aggregates, filtration & process aids, and others (including consumer and industrial products). It provides forecasts and estimates for each application segment in terms of revenue and volume during the forecast period for each region, including countries as well. The study also analyzes market attractiveness for all applications of expanded perlite with the help of the market attractiveness tool.
Increasing demand for expanded perlite in key applications such as construction products, horticultural aggregates, and filtration & process aids is projected to fuel the global expanded perlite market. Swift growth in construction and horticulture industries in the emerging countries is anticipated to increase demand for expanded perlite in construction products and horticultural aggregates, eventually boosting the expanded perlite market. Specialty applications such as personal care applications are high-value, low-volume markets for expanded perlite and are expected to be prospective markets, driving growth of the expanded perlite market in the near future. However, availability of substitutes is likely to hamper growth of the expanded perlite market during the forecast period.
Value chain analysis and Porter’s Five Forces Model have been presented to provide a comprehensive view of the market. These would also help understand specifics of the industry structure apart from giving an overview of degree of competitiveness. The report also includes detailed profiles of key players such as Imerys SA, Silbrico Corporation, Aegean Perlites SA, PERLITE-HELLAS, Cornerstone Industrial Minerals Company, The Schundler Company, P.V.P. Industries Inc., Midwest Perlite Inc., and Keltech Energies Ltd. A detailed description of players includes parameters such as company overview, financial overview, business strategies, upcoming facilities, capacity addition, mergers, acquisitions, and joint ventures, new products, and recent developments.
The report segments the global expanded perlite market as follows:
- Expanded Perlite Market & Application Analysis
- Construction products
- Horticultural aggregates
- Filtration & process aids
- Others (miscellaneous consumer and industrial products, etc.)
- Expanded Perlite Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- North America