The size of the perlite market was estimated at USD 1.42 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.16% from 2023 to USD 2.35 billion by 2030.
The global perlite market is recently emerging due to its various advantages in different sectors like agriculture, horticulture, filtration, etc. It is good to incorporate perlite into compost to ensure that water drains readily because perlite's expanded nature makes it incredibly porous, allowing it to absorb water while also improving drainage.
Covid 19 Impact and Market Status
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. However, with changes scenarios now the global perlite market is slowly and steadily recovering and is expected to grow and reach the same level as of before the pandemic during the forecast year.
Expanded Form in Global Perlite Market to remain atop
According to the form segment, the global perlite market is segmented into two categories – crude perlite and expanded perlite. The expanded form in the global perlite market is projected to remain on top during the forecast period. The demand of expanded perlite is the maximum in the construction sector. This form of perlite is extremely lightweight and fire-resistant with amazing physical characteristics. In the construction sector, the expanded perlite is most commonly used in lightweight plasters, mortars, insulations, ceiling’s tiles and many more. However, crude perlite is also expected to show growth in the upcoming years.
Global perlite market leads in the agriculture sector application
According to the application segment, the global perlite market is segmented in industrial, filtration and process aid, horticulture and agriculture, construction sector. Out of all these, agriculture and horticulture sector are leading the global perlite market. Perlite is considered to be a great source for pesticides, herbicides and fertilizers. The factors driving the growth of perlite market in the agriculture sector is its neutral pH value, infertile nature and weed-free nature.
Asia-Pacific region to dominate the entire global perlite market
During the forecast period, countries in Asia-Pacific region are expected to dominate the entire global perlite market among all the other regions. The revenue from the Asia-Pacific region is expected to be the highest. The growth of perlite market is highest in the markets of China, India, Japan, Thailand as well as Malaysia. The increasing demand of perlite products in the construction and agricultural sector are contributing to the growth of perlite market in the Asia-Pacific region.
Plants need proper drainage to be healthy. The soil's ability to drain is enhanced by the addition of perlite. Its porosity aids in both drainage and water retention. In order to prevent plants from drowning from overwatering, it retains some water while letting excess water drain away.
Perlite is very helpful for planting seeds and taking cuttings during plant propagation. Vermiculite, grit, and sharp sand are additional materials that serve comparable purposes. Perlite can help compost retain water, which can increase the likelihood that your cuttings will take root.
Perlite is a well-liked choice among gardeners for a grow medium because it is quite cheap and simple to use. It can be utilized separately or combined with another grow medium. In terms of plant growth, Perlite's longer life cycle is a huge advantage when considering environmental effect because it is simple to reuse as a grow medium. During the forecast period, the global perlite market is projected to reach the market size of $2.5 billion with the CAGR of 6.5%.
Perlite is a porous material that provides excellent drainage and water retention properties, both of which are crucial in hydroponic farming. Perlite also offers the correct aeration that plants require for strong root development. The mineral known as perlite is one that occurs naturally. It occurs naturally as a specific type of volcanic glass that is produced when volcanic obsidian glass is exposed to water for an extended period of time.
The perlite market is experiencing growth due to rising building costs and rising demand for high-temperature insulation. The perlite market is also being driven by the expanding demand from the construction sector.
Perlite is so light that it can be blown away and has a tendency to float in excess liquid. The majority of plants can be grown on perlite alone, though often the finer and medium grades perform better and require less water. Any grade of perlite can be used to start seeds, however finer grades of perlite are advised for smaller seeds. Hence, one of the nature’s best growing media is perlite.
The leading manufacturers and organizations in the global Perlite Market during the forecast period are Aegean Perlites SA, Genper Group, The Schundler Company, Amol Minechem Ltd., SUPREME PERLITE COMPANY, IPM Group of Companies, Bergama Mining Perlite Inc., Keltech Energies Ltd, Dupre Minerals, Imerys S.A., and many more.
Latest Innovations in the Global Perlite Market: A Snapshot
- A new perlite product called Pratliperl was launched by Pratley in the year 2019 at an African Expo for Construction.
- A manufacturer of industrial minerals named EP Minerals was acquired by Silica Holdings Inc. of the US in 2018.
Perlite Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 2.35 billion|
|Growth Rate||CAGR of 6.16% during 2020-2030|
|Segment Covered||Form, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Aegean Perlites SA, Genper Group, The Schundler Company, Amol Minechem Ltd., SUPREME PERLITE COMPANY, IPM Group of Companies, Bergama Mining Perlite Inc., Keltech Energies Ltd, Dupre Minerals, Imerys S.A.,|
Key Segments of the Global Border Security Market
Form Overview, (USD Billion)
Application Overview, (USD Billion)
- Filtration and process aid
- Horticulture and agriculture
Region Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa