Perlite Market Research Report - By Form (Expanded Perlite and Crude Perlite), Application (Construction, Agriculture & Horticulture, Industrial, others) and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Forecast to 2030

Perlite Market Overview

The perlite market is poised to grow at a CAGR of approximately 6.85% over the forecast period of 2021-2028. The Perlite Market stood at USD 1,512 Mn in 2020 and is slated to reach a valuation of USD 2,250 Mn by the end of 2028. Perlite is an amorphous volcanic glass that expands and becomes porous when heated naturally. When heated, perlite swells 20 times its initial volume, making it unique among volcanic glasses. It's utilized as an aggregate in lightweight insulating concrete and plaster in masonry blocks as a loose-fill insulating material, and in applications, such as chimney fills acoustical sprays and interstitial flooring. Because it is a lightweight material with economic benefits in building & construction, expanded perlite aggregate (EPA) is utilized as a heat and sound insulator.

Perlite is used in a variety of industries, including agriculture and horticulture, construction, and others, fueling market expansion. The construction industry's rapid growth, particularly in residential construction, is likely to boost the market growth. Perlite's high functional qualities make it ideal for a wide range of uses. Perlite is utilized in the building industry for fire ratings, noise reduction, insulation, under-floor insulation, paint texturing, gypsum boards, and other purposes.

The distribution arrangement between IMCD US and IMERYS Minerals has been expanded. The distribution agreement between IMERYS, a world leader in mineral-based specialty solutions for industry, and IMCD, a major distributor of specialty chemicals and ingredients, has been expanded. IMERYS Performance Minerals will now be represented by IMCD as its Preferred Distributor in the United States and Canada. Customers will benefit from IMERYS' extensive specialized minerals range, which will be backed by IMCD's technical competence and local market experience.

Following its chairman's recent tour to the United States, Sunrise Resources provided an update to the market on its CS Natural Pozzolan-Perlite Project, saying that talks had been held with several parties, including existing and new interested parties. Two cement and ready-mix firms, one significant fly-ash distributor, a "large" building materials company, and a new cement clean-tech startup were among the parties, according to the AIM-listed firm.