The Perlite Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Perlite Global Market Report 2024, The perlite market size has grown exponentially in recent years. It will grow from $1.7 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to construction industry growth, agricultural applications, oil and gas exploration, metallurgical processes, horticulture and landscaping
The perlite market size is expected to see exponentially grown in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to growing construction sector, increasing demand in horticulture, renewable energy projects, advancements in metallurgical processes. Major trends in the forecast period include innovation in product formulations, circular economy initiatives, digitalization in mining and processing, enhanced focus on energy efficiency, bio-based perlite alternatives.
The growth in the perlite market is due to the increasing demand for mining. Mining refers to the process of extracting useful materials from the earth. The majority of perlite is used in construction products, mainly ceiling tiles and roof insulation products, but also as refractory bricks (a refractory brick is a brick designed to withstand very high temperatures), pipe insulation, and filling in masonry block construction. For instance, in January 2023, according to the United States Geological Survey, the consumption of domestically processed crude perlite in the United States in 2021 was estimated at 500,000 tons, valued at $34 million. This marked a $4 million increase compared to the $31 million value in 2020 . Therefore, the increased demand for mining in is driving the growth of the Perlite market.
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The perlite market covered in this report is segmented –
1) By Type: Construction Products, Horticultural and Agricultural, Industrial Perlite, Filtration and Process Aid, and Other Types – Perlite
2) By Mining Type: Underground Mining, Surface Mining
Technological innovation is a key trend gaining popularity in the radar market. Radars are used today to detect and track aircraft, spacecraft, ships at sea, and insects and birds in the air. The market is witnessing the demand for active electronically scanned array (AESA) radar systems because of their superior target power, spatial resolution, and robustness compared to conventional radars. AESA is a fully active radar array that consists of multiple antennas, each with its phase and gains control. Major companies engaged in the radar market are focused on technological innovation to sustain their marketplace. For instance, in September 2021, Raytheon Intelligence & Space, a US-based aerospace and defense company, launched a new lightweight AESA radar for any platform. It combines the power of a heavyweight AESA fire control radar with a minor possible form factor. This radar combines the power of Gallium Nitride technology with an intelligent packaging of its digital receiver/exciter and processor with a unique air-cooled design to deliver Gen 4-plus performance.
The perlite market report table of contents includes:
1. Executive Summary
2. Perlite Market Characteristics
3. Perlite Product/Service Analysis -Product/Service Examples
4. Perlite Market Trends And Strategies
5. Perlite Market – Macro Economic Scenario
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26. Germany Perlite Marketn
27. France Perlite Market
28. Italy Perlite Market
29. Spain Perlite Market
30. Austria Perlite Market
Top Major Players:
- Aegean Perlites SA
- Bergama Perlite
- Australian Perlite Pty Limited
- Carolina Perlite Company
- Supreme Perlite Company
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