Perlite is an amorphous volcanic glass that has a relatively high water content, typically formed by the hydration of obsidian. It occurs naturally and has the unusual property of greatly expanding when heated sufficiently.
Due to its low density and relatively low price, many commercial applications for perlite have developed. In the construction and manufacturing fields, it is used in lightweight plasters and mortars, insulation, ceiling tiles and filter aids. In horticulture it makes composts more open to air, while still having good water-retention properties; it makes a good medium for hydroponics. Perlite is also used in foundries, cryogenic insulations, as a lightweight aggregate in mortar (firestop) and in ceramics as a clay additive.
In 2005, Greece was the top producer of perlite with at least one-third world share followed by China, USA, Japan and Turkey.
In 2001 the cost of perlite was about US$36.31 per metric ton. The yearend price for mined perlite in the US has increased since then: