Lucintel's latest market report analyzed that vermiculite provides attractive opportunities in the chemical, agriculture, automotive, and construction sectors. The vermiculite market is expected to reach $XX billion by 2028 with a CAGR of 19% to 21%. In this market, fine and finer grade vermiculite is the largest segment by grade, whereas exfoliated vermiculite is largest by product type.
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Based on grade, the vermiculite market is segmented into large grade vermiculite, fine and finer grade vermiculite, and medium grade vermiculite. The fine and finer grade vermiculite segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during 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.
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The Vermiculite Market is marked by the presence of several big and small players. Some of the prominent players offering vermiculite include Palabora Mining, Samrec Vermiculite, Virginia Vermiculite, White Knight Minerals, Dupre Minerals, and JSC Kovdorsluda.
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