The advantages offered by perlite in construction applications include increased mechanical strength, lightweight, and weather-resistant finish. These advantages are anticipated to boost industry growth over the forecast period.
The Global Perlite Market is anticipated to reach USD 1,591.4 million by 2025, according to a new report by Grand View Research, Inc.
Growing urbanization and increasing industrialization has led to a rise in demand for perlite in construction sector. Increasing participation to sustain the demand, coupled with the reduced raw material prices, is projected to drive perlite market over the forecast period. Several manufacturing companies are shifting their focus toward developing regions such as Asia Pacific and Central & South America (CSA) on account of the availability of cheap labor.
Perlite market is governed by strict regulations for its use in construction, filtration, and agriculture. The Mine Safety and Health Administration (MSHA) and Occupational Safety and Health Administration (OSHA) has laid down guidelines for perlite producers to ensure the safety of workers in mines. Technological innovations aimed toward the development of cost-effective manufacturing processes are also expected to remain a critical success factor for market growth over the forecast period.
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The industry is highly competitive in nature due to the presence of several global market players. A large number of market participants are collaborating with research agencies to develop improved perlite products with different applications to gain a competitive edge.
Top Players of Perlite Market:
Some of the key players operating in the industry are Aegean Perlites SA, Bergama Perlite, Supreme Perlite Company, The Schundler Company, and Genper Group.
Market Segmentation of Perlite Market:
The Global Perlite Market segmented in terms of Application and Region.
By Application:
Construction Products
Horticultural & Agricultural
Industrial
Filtration & Process Aid
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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