Perlite Market Share 2021 latest application trend and better investment opportunities by forecast to 2027
Perlite Market Share Market The perlite market is poised to grow at a CAGR of approximately 6.85% over the forecast period of 2021–2028. The Perlite Market stood at USD 1,512 Mn in 2020 and is slated to reach a valuation of USD 2,250 Mn by the end of 2028. Expanded Perlite is used across the globe as a component of soil-less growing mixtures since assists in moisture retention for plant growth. Its neutral pH value and the characteristics of being weed-free and sterile makes it more attractive to home gardeners and commercial growers. They are also used in greenhouse plantation. Robust growth in the construction industry has resonated strong growth in The Perlite Market . Rise in residential construction purveyed by low-interest rates, low debt service rations, and rise in disposable income. Perlite finds application in purposes ranging from fireproofing sprays, chimney fills, to interstitial floors. It is being highly favored for such purposes owing to its outstanding insulating pro