Vermiculite Market Report 2026

The vermiculite market size has grown steadily in recent years. It will grow from $0.2 billion in 2025 to $0.21 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to expansion of construction insulation usage, increasing agricultural soil amendment practices, growth of fireproofing material demand, availability of raw vermiculite deposits, adoption of exfoliation processing techniques.

The vermiculite market size is expected to see strong growth in the next few years. It will grow to $0.26 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing demand for eco-friendly building materials, rising use in green roofing systems, expansion of controlled-environment agriculture, growing emphasis on thermal efficiency standards, increasing application in lightweight industrial composites. Major trends in the forecast period include increasing use of vermiculite in sustainable construction, rising demand for lightweight insulation materials, growing adoption in horticulture and soil conditioning, expansion of fire-resistant material applications, enhanced processing of exfoliated vermiculite.

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.

Major companies in the vermiculite market are enhancing their product portfolios with expanded vermiculite grades to meet rising demand in horticulture and insulation applications. Expanded vermiculite grades are created by exfoliating the mineral through controlled heating, which increases volume, improves porosity, enhances water retention and soil aeration, and provides superior thermal insulation compared with raw vermiculite. For example, in June 2025, Vermiculite Australia launched a new expanded vermiculite grade designed for high-porosity horticultural media and lightweight aggregate insulation applications, offering better water retention, improved soil aeration, and optimized thermal performance over previous grades. This launch highlights tangible product innovation and broader application versatility post-2023, although ensuring consistent feedstock supply and managing inventory across global markets remain operational challenges.

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 are Palabora Mining Company Limited, Samrec Vermiculite Zimbabwe (Pvt) Ltd., Virginia Vermiculite LLC, Termolita SAPI de CV, Therm-O-Rock East Inc., Dupré 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, Dämmstoff-Fabrik Klein GmbH, The Schundler Company, W.R. Grace & Co., Uniao Brasileira de Mineracao SA, Genper Group, Ausperl Pty Ltd., Showa Denko KK, Mitsui Sumitomo Metal Mining Brass & Copper CO. Ltd., EP Minerals LLC.

Western Europe was the largest region in the vermiculite market in 2025. Asia-Pacific was the second largest region in the vermiculite market. The regions covered in the vermiculite market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vermiculite market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, 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.

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