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Perlite is a siliceous volcanic glass, which is formed by hydration of obsidian. Raw perlite expands to 20 times its volume when rapidly heated due to the release of steam forming a foamed structure. This form of perlite is called expanded perlite, which has found application in construction, agricultural, and industrial sectors. Perlite is an excellent insulator; thus, it is utilized in the construction of cryogenic storage vessels and building insulations. Perlite shows pozzolanic properties, making it suitable to be used as a natural pozzolan. Additionally, perlite finds usage in textile and refractory manufacturing, resulting in further expansion of the market.
Perlite is an excellent water and nutrient retainer, which has resulted in a surge in its demand for hydroponic farming and cannabis cultivation. The legalization of cannabis cultivation in the U.S. and recently in Canada is expected to further invigorate the growth of the perlite market during the forecast period.
Key Market Driver -
Growth in demand for hydroponics and cannabis cultivation
Key Market Restraint -
Availability of alternatives
However, perlite can be replaced by diatomite, expanded clay & shale, pumice, and slag in construction application and by vermiculite, coco coir, and wood pulp in the horticultural application. Thus, the availability of better alternatives impedes the growth of the perlite market.
By grade, the market is segmented into raw and expanded. Based on form, the market is segmented into coarse, medium, and fine. Based on application, the market is categorized into construction, horticulture, filtration, industrial, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The major companies in the global perlite market report include Carolina Perlite Company, Midwest Perlite, Whittermore Company Inc., Termolita S.A.P.I. de CV, Supreme Perlite, Silbrico Corporation, Saudi Perlite Industries, Procema Perlit SRL, Pratley, Persolite Products Inc., Accimin SA DE Cv, Pennysylvania Perlite Corporation, Norcal Perlite Inc., Ausperl Pty. Ltd., Alvand Chemical Company, Cevahir Perlite, EP Minerals, Dicalite Management Group, Inc., Exfoliators Pty Ltd, Genper Expanded Perlite Industry Business Co., Gulf Perlite LLC, IPM Industries, and Keltech Energies Ltd.
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The global perlite market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market, owing to China, the largest producer of perlite. Although China is the largest producer, the majority of it is consumed domestically. Improving performance of the construction and industrial sectors of the region is expected to support market growth. In North America, the U.S. is a major consumer of perlite. The market in North America is further expected to expand owing to the adoption of perlite in cannabis cultivation. Germany will lead the market in Europe, while Mexico will be the prime market in Latin America. The market in Middle East & Africa will be increasing owing to large scale production in Turkey, supported by demand from the construction industry and as a fire retardant.
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