Global Expanded Perlite Market

Expanded Perlite Market Size, Share, Growth Analysis, By Test Type(Coarse, Medium, and Fine), By Application(Construction, Horticulture, Filtration, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2088 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Expanded Perlite Market News

  • In January 2023, The Turkish government declared its intention to provide funding for the establishment of additional perlite mines within the nation. This is anticipated to increase Turkey's output of expanded perlite and its exports to other nations.
  • In February 2023, Titan Cement purchased a portion of Aegean Perlites. The business runs pozzolan and perlite quarries on the island of Yali. It is also able to access port amenities. To boost the amount of pozzolan-based cementitious products it produces with a reduced clinker factor, Titan Group claims to be investing in direct access to pozzolan sources. This agreement is related to Titan's goal of lowering its CO2 emissions by 35% by 2030 in comparison to 1990 levels and raising the percentage of environmentally friendly items in its portfolio to more than 50%.
  • In April 2023, A recent report on the advantages of enlarged perlite for the environment was released by the European Perlite Association (EPA). According to the study, increased perlite can aid in lowering greenhouse gas emissions and has no effect on the environment.
  • In May 2023, A strategy to encourage the use of expanded perlite in agriculture was unveiled by the Indian government. The government offers farmers financial incentives if they utilize enlarged perlite to enhance the soil's quality.
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Expanded Perlite Market size was valued at USD 1.52 billion in 2022 and is poised to grow from USD 1.61 billion in 2023 to USD 2.60 billion by 2031, growing at a CAGR of 6.16% in the forecast period (2024-2031).

A wide range of businesses fighting for market share define the competitive environment in the expanded perlite market. These companies mostly work on R&D projects in order to improve the quality of their products and broaden the range of applications they offer. A major motivator is innovation, as businesses work to create ecologically acceptable solutions to meet the rising demand for environmentally friendly building supplies. 'Carolina Perlite Company (US)', 'Midwest Perlite (US)', 'Whittemore Company Inc. (US)', 'Termolita S.A.P.I. de CV (Mexico)', 'Supreme Perlite (US)', 'Silbrico Corporation (US)', 'Saudi Perlite Industries (Saudi Arabia)', 'Procema Perlit SRL (Italy)', 'Pratley (South Africa)', 'Persolite Products Inc. (US)', 'Accimin SA DE Cv (Mexico)', 'Pennsylvania Perlite Corporation (US)', 'Norcal Perlite Inc. (US)', 'Ausperl Pty. Ltd. (Australia)', 'Alvand Chemical Company (Iran)', 'Cevahir Perlite (Turkey)', 'EP Minerals (US)', 'Dicalite Management Group, Inc. (US)', 'Exfoliators Pty Ltd (Australia)', 'Genper Expanded Perlite Industry Business Co. (Turkey)'

Governments and environmental organizations around the world are stressing the importance of saving the environment. New environmental laws and requirements have also been established to maintain ecological health. This has resulted in a heightened demand for eco-friendly construction solutions and practices. These developments are one of the key reasons why the expanded perlite market has grown so much recently. This trend has spurred the construction industry to use sustainable and energy-efficient techniques. Expanded perlite is a recommended material for green building projects because of its insulating qualities and lightweight nature, which improve energy efficiency and lower carbon emissions. The growing perlite market is being driven ahead by a significant demand for sustainable building materials.

Cross-Industry Application Diversification : There are new uses for expanded perlite outside of the usual industries. Its adaptability is being used in a variety of sectors, from filtering systems in the food and beverage industry to horticulture. This trend of diversification is driven by continuous research and development, which keeps finding new applications for expanded perlite's special qualities.

North America stands as a dominating region in the market. This region leads the market due to its developed and well-established industrial and construction fields. These sectors develop a steady flow of demand into the expanded perlite market as they require these materials for lightweight aggregate and insulation applications. North America’s construction industry is also seeking greener materials in order to adhere to energy efficiency standards set in place. This has boosted the adoption of expanded perlite in the region, cementing North America’s dominance in the market.

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Global Expanded Perlite Market

Report ID: SQMIG15F2088

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