According to a new market report published by Lucintel, the future of the vermiculite market looks promising with opportunities in the chemical, agriculture, automotive, and construction sectors. The global vermiculite market is expected to grow with a CAGR of 19% to 21% from 2022 to 2028. The major growth drivers for this market are growing usage of vermiculite in agriculture and hydroponics industry.
In this market, large, medium, and fine grade vermiculite are used in various end use industries. Lucintel forecasts that fine grade vermiculite will remain the largest product over the forecast period due to the growing use of fine and finer grade vermiculite among plants as it retains water for a longer period of time and keeps plants moist.
Within this market, crude vermiculite and exfoliated vermiculite are the major segments by type. Lucintel forecasts that exfoliated vermiculite will remain the largest product over the forecast period due to the growing use of exfoliated vermiculite as a fertilizer for potting soil and as an insulating material for greenhouse lining.
Asia Pacific is expected to witness fastest growth over the forecast period as extensive amount of vermiculite is being exported from South Africa and China.
Palabora Mining, Samrec Vermiculite, Virginia Vermiculite, White Knight Minerals, Dupre Minerals, and JSC Kovdorsluda are among the major suppliers of vermiculite.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vermiculite market by grade, product type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Vermiculite Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global vermiculite market by grade, product type, end use industry, and region as follows:
Vermiculite Market by Grade [Value ($M) Shipment Analysis from 2017 to 2028]:
· Large Grade Vermiculite
· Fine and Finer Grade Vermiculite
· Medium Grade Vermiculite
Vermiculite Market by Product Type [Value ($M) Shipment Analysis from 2017 to 2028]:
· Crude Vermiculite
· Exfoliated Vermiculite
Vermiculite Market by End Use Industry [Value ($M) Shipment Analysis from 2017 to 2028]:
· Chemical
· Agriculture
· Automotive
· Construction
· Others
Vermiculite Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
The Rest of the World
A more than 150 pages and in-depth TOC on “Global Vermiculite Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global vermiculite market by grade (large grade vermiculite, fine and finer grade vermiculite, and medium grade vermiculite), product type (crude vermiculite and exfoliated vermiculite), end use industry (chemical, agriculture, automotive, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?