Vermiculite Market Size - By Product, By Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
Global Vermiculite Market Overview:
According to SPER Market Research, the Global Vermiculite Market is estimated to reach USD 1.13 billion by 2032 with a CAGR of 16.5%.
The vermiculite market comprises of companies (organisations, sole proprietors, and partnerships) that sell vermiculite that is mined for use in building, agricultural, automotive, chemical packaging, fire prevention, and other industries. The three primary varieties of vermiculite are big grade, fine and finer grade, and medium grade. Crude and exfoliated vermiculite are two of the many products of vermiculite that are utilised by end customers in the automotive, agricultural, construction, chemical, and other industries. Exfoliated vermiculite is appropriate for lightweight aggregate, especially for insulating purposes; utilised as thermal insulation. Exfoliated vermiculite is enlarged by employing heat process several times to its own original volume.
Impact of COVID-19 on the Global Vermiculite MarketThe companies' reorganisation of operations and recovery from the corona virus impact, which had previously resulted in restrictive containment measures involving social estrangement, remote work, and the closure of commercial activities that created operational challenges, are primarily responsible for the growth.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Drug Product, By Type, By End User
Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered Dupré Minerals Ltd., Exfoliators (Aust) Pty Ltd., Federal Industries, Gulf Perlite LLC, Imerys Filtration Minerals Inc., JSC Kovdorsluda, Mughal Ceramics Industry, Palabora Copper (Pty) Limited., Palmetto Vermiculite Company, Samrec Vermiculite, Schundler Company Perlite and Vermiculite Products, Therm-O-Rock, UBM União Brasileira de Mineração S.A., Virginia Vermiculite LLC, White Knight Minerals Private Ltd., Whittemore Company Inc.
Global Vermiculite Market Segmentation:
By Product: Based on the Product, Global Vermiculite Market is segmented as; Crude Vermiculite, Exfoliated Vermiculite.
By Type: Based on the Type, Global Vermiculite Market is segmented as; Fine and Finer Grade Vermiculite, Large Grade Vermiculite, Medium Grade Vermiculite.
By End User: Based on the End User, Global Vermiculite Market is segmented as; Agriculture, Automotive, Chemical, Construction, Others.
By Region: The worldwide vermiculite market is dominated by Europe and is anticipated to grow in the next years. North America has a disproportionately large percentage of the region's vermiculite consumption, and this tendency is anticipated to continue throughout the projected period.