Expanded Perlite Market Analysis

Expanded Perlite Market Analysis

Based on application, it is classified into construction products, fillers, filtration & process aid, horticultural aggregate, and others. The construction products segment held majority of market share and accounted for more than 45% volume share in 2015. Expanded perlite’s superior insulation characteristics, light weight ability and versatility make it an attractive material for construction industry. The product is ideal for masonry fill insulation, floor systems, roof decks and other areas where insulation is required. Rising construction activities all over the world will propel the expanded perlite market growth within the forecast period.
 

Horticulture aggregate segment registered over USD 85 million in 2015 and is projected to grow with a 5.9% CAGR through 2024. The product is an effective horticultural growing medium which aid in improving plant growth and provides excellent yield in hydroponic farming. The perlite enhances fertilizer efficiency and promotes water drainage while ensuring suitable moisture content. The horticulture sector is characterized by high production output and supportive government policies & initiatives. The demand for fruits and vegetables produced by horticulture is rising owing to their nutritional content and health benefits. Due to increasing consumer inclination and popularity within farmers, horticulture sector exhibits positive outlook in future.
 

Asia Pacific expanded perlite market share was valued at over USD 200 million in 2015 and will likely grow at substantial growth rate between 2016 to 2024. This is all due to growth in construction industry. Many major construction companies are present in this region with huge customer base. Growing population, huge government spending and need for infrastructure development will boost the construction sector in near future. Such trends will trigger the product demand by 2024. Asia Pacific was closely followed by North America owing to increasing demand from oil & gas industry. Moreover, growth in horticulture sector in this region will support the expanded perlite market growth between 2016 to 2024.