PUBLISHER: The Business Research Company | PRODUCT CODE: 1712631
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712631
Vermiculite, a hydrous phyllosilicate mineral typically found in dark gray or brownish hues, is encountered in the form of lustrous flakes. This hydrated magnesium iron aluminum silicate exhibits substantial expansion upon exposure to heat.
The primary varieties of vermiculite encompass large-grade, fine-grade, and finer-grade options. Vermiculite yields diverse products, including raw or unprocessed vermiculite, and exfoliated vermiculite. These products find applications in the chemical, agricultural, automotive, construction, and other industries. Exfoliated vermiculite, obtained by subjecting it to a heat process that causes it to expand significantly compared to its original volume, is particularly well-suited for use as a lightweight aggregate, especially for insulation purposes in thermal insulation applications.
The vermiculite market research report is one of a series of new reports from The Business Research Company that provides vermiculite market statistics, including vermiculite industry global market size, regional shares, competitors with a vermiculite market share, detailed vermiculite market segments, market trends and opportunities, and any further data you may need to thrive in the vermiculite industry. This vermiculite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vermiculite market size has grown strongly in recent years. It will grow from $0.27 billion in 2024 to $0.3 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to construction industry, horticulture and agriculture, industrial applications, fireproofing and insulation, oil and gas industry.
The vermiculite market size is expected to see strong growth in the next few years. It will grow to $0.39 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to infrastructure growth, environmental awareness, emerging markets, technological advancements. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
The vermiculite market is poised for growth, driven by the rapid expansion of construction activity worldwide. Construction projects boost demand for construction materials and services, and vermiculite, with its exceptional insulation and fire resistance properties, plays a vital role in enhancing building energy efficiency and safety across various applications. For example, in February 2023, the Office for National Statistics reported a 5.6% annual increase in construction output in 2022, following a remarkable 12.8% surge in 2021. This robust growth in construction activity has significantly contributed to the expansion of the vermiculite market.
The vermiculite market is expected to benefit from the growing demand for oil and gas. The oil and gas industry encompasses natural resources used for energy and industrial purposes, such as petroleum and natural gas. Vermiculite serves as a proppant in hydraulic fracturing (fracking) operations, helping to keep fractures in rock formations open and thereby increasing oil and gas extraction. As of June 2023, the International Energy Agency projected a 6% increase in global oil demand between 2022 and 2028, reaching 105.7 million barrels per day. This growth is supported by strong demand from sectors like petrochemicals and aviation, emphasizing the role of vermiculite in meeting the industry's needs.
The mining industry has embraced modular component design using 3D printing technology. This innovative approach allows mining companies in remote locations to produce essential parts on-site, reducing delays caused by unplanned maintenance and eliminating the need for maintaining extensive inventories. Miners are increasingly relying on advanced heavy-lift transport to move modular equipment to remote sites, facilitating the construction of processing units in cost-effective off-site facilities, thereby avoiding expensive on-site construction.
In July 2023, the City of Cape Town Disaster Risk Management Centre partnered with Mandoval Vermiculite (Pty) Ltd. for the Overcome Heights pilot project. Mandoval Vermiculite, a South African-based vermiculite product supplier, will cover the costs of the product, machinery, and training for applying a vermiculite-based fire-retardant compound to enhance the fire resistance of at least 300 informal housing structures. The Cape Town Disaster Risk Management Centre will finance the employment of 11 local residents under the Expanded Public Works Programme (EPWP) to support this initiative.
Major companies operating in the vermiculite market include Palabora Mining Company Limited, Samrec Vermiculite Zimbabwe (Pvt) Ltd., Virginia Vermiculite LLC, Uniao Brasileira de Mineracao SA, Showa Denko KK, Mitsui Sumitomo Metal Mining Brass & Copper CO. Ltd., Genper Group, Dicalite Management Group, EP Minerals LLC, Termolita SAPI de CV, Therm-O-Rock East Inc., Ausperl Pty Ltd., Bulk Apothecary, Dupre Minerals Limited, Exfoliators (Aust) Pty Ltd., Isola Vermiculite GmbH, KVB Processors Pvt. Ltd., Palmetto Vermiculite Company, Perlite Vermiculite Packaging Industries Inc., Sun Silicates (Pty) Ltd., Dammstoff-Fabrik Klein GmbH, The Schundler Company, Whittemore Company Inc., W.R. Grace & Co., Carolina Perlite Company Inc.
Western Europe was the largest region in the vermiculite market in 2024. Asia-Pacific was the second largest region in the vermiculite market. The regions covered in the vermiculite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the vermiculite market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The vermiculite market consists of sales of mineral, which is used in agriculture, automotive, chemical packaging, construction, fire protection, and other applications. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vermiculite Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vermiculite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vermiculite ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vermiculite market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.