The perlite market was valued at USD 1.42 Billion in 2016 and is projected to reach USD 2.20 Billion by 2022, at a CAGR of 7.78%. The market is projected to witness significant growth over the next few years with the increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in the commercial and infrastructural sectors.
Browse 126 Tables and 25 Figures spread through 133 Pages and in-depth TOC on “Perlite Market by Form (Expanded Perlite and Crude Perlite), Application (Construction, Agriculture & Horticulture, and Industrial), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast to 2022″
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The rising demand for perlite in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction materials, thus creating growth opportunities for the perlite market.
Construction segment to gain maximum traction during the forecast period
The construction sector dominated the market in 2016 and is projected to be the second-fastest growing application in the next five years. As a result of rapid urbanization and industrialization, this market is mostly driven by the upward surge in demand for new constructions across the world. The increasing public and private investments in the construction sector of the emerging economies of Asia Pacific, the Middle East, and South America drive the growth of this market.
The expanded perlite segment, by form, is estimated to account for a larger market share in 2017
Expanded perlite finds application in several sectors, which drives its demand. This segment dominates the perlite market and is projected to grow at a higher rate during the forecast period. Expanded perlite possesses high insulation, acoustic, and excellent water retention, and higher water density properties. Hence, the expanded perlite form accounted for a relatively larger market share than the crude perlite segment.
