Diatomite Market to Record CAGR of 5.4% Rise in Growth by 2032

The global diatomite market was valued at US$ 1.5 Bn in 2021 and is likely to hit US$ 2.7 Bn by 2032, advancing at a CAGR of 5.4% during the forecast period (2022-2032).

The Diatomite Market is an important sector that continues to grow as more industries look for ways to reduce their costs and increase their efficiency in the production of commercial and industrial products. Diatomite is a highly porous sedimentary rock composed of silica, which is mined from deposits of fossilized diatoms. It has several unique properties, making it a popular material for many applications including filtration, insulation, absorbents, and light-weight fillers.

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Diatomite is primarily used in the construction industry to increase the quality of concrete and cement while also making heat-insulating bricks with various binders. Diatomite is a sedimentary, porous rock formed by the aggregation of remnant diatoms.  High porosity, low density, abrasiveness, high surface area, insulating characteristics, high silica content, and inertness are some of the attributes that make diatomite a popular choice in the construction industry.

Drivers, Restraints, and Challenges

Drivers:

Diatomite's superior filtration properties has increased its usage for a variety of industrial and consumer applications, such as removing sediment from water, filtering beer and wine, and making high-grade paper products. Diatomite also has strong drying properties that make it useful in manufacturing processes that require rapid drying or cooling of materials. This factor is expected to drive the growth of the Diatomite market.

Restraints:

High costs associated with mining operations coupled with limited availability of quality raw materials further hinder market growth prospects for Diatomite Market during the forecast period owing to global supply constraints. Diversion away from single-use plastic packaging solutions towards more sustainable alternatives such as biopolymers composite film materials may further impede market growth during the forecast period

Challenges:

Increasing competition from substitute materials such as silica gel may pose challenge against Diatomite Market's growth over long term forecasts while new product development initiatives may help manufacturers overcome this issue by expanding product portfolio into specialized applications requiring higher grade diatomites.

Regional Outlook

North America is set to lead the global diatomite market during the forecast period. The rising population and technological advancements in developed nations such as Canada and the United States are projected to fuel the demand for diatomite in this region.

North America has the most diatomite producers. EP Minerals, Imerys S.A, Calgon Carbon Corporation, Diatomit CJSC, and Showa Chemical Industry Co., Ltd are among the largest diatomite producers in the region.

As per the State Oceanic Administration (SOA), the United States has approximately 130 seawater desalination plants that generate 66.7% of desalinated water for industrial use and the rest for residential use.

Asia Pacific to Emerge as Prominent Diatomite Market

Asia Pacific is anticipated to follow North America in terms of revenue generation. This is due to rising demand from the healthcare and medical industries, industrial applications, and crop protection chemicals. China is projected to be one of the main producers of diatomite in Asia Pacific.

Other countries in the region, including Australia, South Korea, India, and Japan, are likely to provide significant potential prospects for the worldwide diatomite market during the forecast period.

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Segmentation

By Type:

• Natural
• Calcined
• Flux Calcined

By Application:

• Filter Aids
• Fillers
• Absorbents
• Construction Materials
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

Key Players: Diatomite Market 

• Eagle-Picher Industries Inc.
• Celite Corp.
• Moltan Co
• Grefco Minerals, Inc

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This release was published on openPR.