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Perlite Market Size, Share, And Trends By Form (Expanded Perlite, Crude Perlite), By Application (Construction, Industrial, Agriculture & Horticulture), And By Geography – Forecast From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612790 | Pages:  97

Perlite market is projected to grow at a CAGR of 5.19% to reach US$1,201.604 million by 2024, from US$886.772million in 2018. Perlite is a naturally occurring, amorphous, volcanic glass typically formed by hydration of obsidian. It has some unique properties such as its capacity to expand when heated, lightweight cellular structure, excellent thermal insulation properties, high strength, resistance to water penetration and non-flammable features. The perlite market is expected to have a significant growth driven by its increasing demand for various industrial applications. The increasing use of perlite in the construction sector and increasing investment in this sector is expected to further fuel the market growth. But the lack of awareness regarding perlite and its benefits is estimated to be a restraint for market growth.

By form, the expanded perlite market is expected to have a significant market share due to its various applications in the industrial sector. By application, the industrial segment is estimated to have a considerable growth rate. By geography, the Asia Pacific region is expected to have a significant growth rate due to growing urbanization.

DRIVERS

Several industrial applications of perlite

Increase in investment in the construction sector

RESTRAINTS

Lack of awareness regarding perlite and its benefits

INDUSTRY UPDATES

In January 2019, The Whittemore Co. officially partnered with NSK America which provides high-speed precision machine tool spindles and hand tools to meet the demands of critical requirements of many industries.

In May 2018, US Silica completed the acquisition of EP Minerals a global producer of engineered materials derived from industrial minerals including diatomaceous earth (DE), clay (calcium bentonite) and perlite.

SEGMENTATION

The perlite market has been analyzed through the following segments:

  • By form
    • Expanded perlite
    • Crude perlite
  • By application
    • Construction
    • Industrial
    • Agriculture & Horticulture
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the perlite market size by 2024?
A1. Perlite market is projected to reach the market size of US$1,201.604 million in 2024.
 
Q2. What is the size of perlite market?
A2. The perlite market was valued at US$886.772 million in 2018.
 
Q3. What are the growth prospects for perlite market?
A3. Perlite market is projected to grow at a CAGR of 5.19% over the forecast period.
 
Q4. What factors are anticipated to drive the perlite market growth?
A4. The increasing use of perlite in the construction sector and increasing investment in this sector is expected to further fuel the market growth. 
 
Q5. Which region holds the maximum market share of the perlite market?
A5. The Asia Pacific region is expected to have a significant growth rate due to growing urbanization.

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