As per the recent study titled ‘Expanded Perlite Market Size By Application (Construction Products, Fillers, Filtration & Process Aid, Horticultural Aggregate), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024’ available with Market Study Report, the global expanded perlite market is projected to amass over US $1.3 billion by the year 2024.
 

Rising investments towards the development of public infrastructure and increasing number of construction projects will boost the demand for lightweight construction materials such as expanded perlite concrete aggregates which are known for their strength and durability. Surging trend of using expanded perlite in construction applications, along with its extensive usage across various industries like chemical, petroleum refining, pharmaceuticals, and food are the key factors propelling the market growth.
 

The ability of expanded perlite to retain micronutrients and moisture has promoted its application in horticulture. This factor, in tandem with technological advancements and improved crop productivity will aid the expansion of expanded perlite market. However, health hazards such respiratory disorders and eye irritation issues associated with inhalation of the product will impede the market growth.
 

Speaking of application spectrum, expanded perlite market from construction segment is expected to witness substantial growth during 2016-2024, owing to widespread use of the product in masonry construction for loose-fill insulation. The product is heat & fire resistant and provides sound insulation. Rising preference for insulated building is impelling the segmental share growth.
 

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Considering the regional outlook, North America expanded perlite market will gain traction in the upcoming years, on account of swift economic growth and rapid urbanization across the region. Major construction players are focusing on developing environment friendly buildings which use light-weight materials. Increasing investments towards such projects is fostering the growth of regional market.
 

Silbrico Corporation, Schundler Company, Cornerstone Industrial Minerals Corporation, Supreme Perlite Company, Midwest Perlite, Inc., Imerys SA, Perlite-Hellas, Aegean Perlites SA, and Keltech Energies Ltd. are some of the key players functioning in expanded perlite market. The market contenders are undertaking strategic collaborations to expand their manufacturing potential and enhance revenue prospects.