Perlite Market Analysis: Trends and Growth Insights

What is Perlite?

Perlite is a naturally occurring volcanic glass that is mined and processed for use in a variety of applications, including construction, horticulture, and industrial processing. It is formed when obsidian, a type of volcanic glass, is subjected to high heat and pressure. When it is heated to a high temperature, the water trapped within the glass expands, causing the glass to puff up and become porous. This process is called expansion. Perlite has a number of properties that make it useful in various applications. It is lightweight, has a high insulation value, and is able to retain moisture while also allowing excess water to drain away. In construction, it is often used as a lightweight aggregate in concrete, plaster, and insulation materials.

Perlite Market Scope

The global perlite market size is expected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. Perlite is used across applications, such as construction, horticulture & agriculture; industrial is the key end-use industry owing to the wide applications of this perlite. The global perlite market is expected to continue growing in the coming years, driven by increasing demand for sustainable construction materials and growing awareness of the environmental benefits of using perlite. Factors that could potentially impact the market include raw material availability, regulatory issues, and competition from other materials.