Unexpanded Perlite Market Report

Market Insights

The Unexpanded Perlite market is projected to grow from USD 9.98 million in 2021 to USD 12.62 million by 2028 at a CAGR of over 3.34% during the forecast period of 2022-2028.

What is perlite?

Perlite is an amorphous volcanic glass, which consists of a relatively high water content, formed by the hydration of obsidian. It occurs naturally and can expand significantly when heated sufficiently. Perlite is primarily used in cryogenic insulation, foundries, and ceramics as a clay additive. The unexpanded or raw perlite has a bulk density of around 1,100 kg/m3.

Market Drivers

The rising agricultural activities in the Asia Pacific and Europe have bolstered the demand for agricultural grade unexpanded perlite owing to its superior aeration & hydration properties. Expanding construction industry is likely to boost the product usage for sandblasting applications in the industry.

In addition, rising R&D initiatives by key perlite miners to manufacture products with value-added features are further expected to offer lucrative opportunities to the market players.

COVID-19 Impact on Unexpanded Perlite Market

The COVID-19 pandemic has adversely affected the unexpanded perlite industry as a result of the shutdown of the construction sector across the globe, due to a ban on international travel, postponement of aircraft deliveries, limited workforce, and social distancing norms. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.

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Key Players

Key players operating in the unexpanded perlite market are-

• Imerys SA (France)
• Perlite-Hellas (Greece)
• Cornerstone Industrial Minerals (US)
• The Schindler Company (Switzerland)
• Gulf Perlite (UAE)
• Midwest Perlite (US)
• Perlite Vermiculite Packaging Industries (US)
• Hess Perlite (US)
• Dicalite Management Group (US)
• Pratley Perlite Mining (South Africa)

Target Audience

Here is the list of the group of customers that the unexpanded perlite market hopes to have the greatest opportunity to convert-

• Unexpanded Perlite companies
• Unexpanded Perlite distributors
• Construction companies
• Government organizations

Segments' Analysis

Application Trends

Based on application, the unexpanded perlite market has been classified into slag coagulant, sandblasting, agriculture, casting sand and mixtures, and others. Under these, the sandblasting segment held the largest market share in 2021 and is likely to grow at a considered CAGR during the forecast period. Unexpanded perlite is finding usage in sandblasting applications, due to uneven rough shape and low-density features, which makes it a critical component in sandblasting machines, thereby bolstering the segment growth.

Regional Trends

By region, the Asia Pacific market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years. Rising product usage in casting sand mixtures, sandblasting, and foundries in China and India is likely to boost the market growth. Also, growing foundry applications such as sand casting and slag coagulant in the region further proliferate the regional market growth in the coming years.

Market Segmentation

The market is segmented in the following ways:

By Application Type

• Slag Coagulant
• Sandblasting
• Agriculture
• Casting Sand and Mixtures
• Others

By End Use Type

• Industrial
• Agricultural

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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