Overview and Scope
Diatomite refers to the process of extraction of diatomite to produce
diatomaceous earth, which is used to filter beer, wine, juice, and water.
Diatomite is a silica-rich, soft, porous sedimentary rock and it is made up of
naturally occurring fossilized diatoms. Diatomite is delicate and complicated
and it requires large processing facilities and heavy earth-moving equipment.
Sizing and Forecast
The diatomite market size has grown
rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.66
billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The
growth in the historic period can be attributed to industrial filtration
applications, oil absorbent applications, health and beauty product.
The diatomite market size is expected to
see rapidly grown in the next few years. It will grow to $3.72 billion in 2028
at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be
attributed to growing demand in renewable energy, increasing demand in paints
and coatings, expanding applications in agriculture, water treatment for
industrial processes, focus on environmental remediation, growing demand in
agriculture, increasing use in insulation materials. Major trends in the
forecast period include technological advancements in processing, rising
adoption in biotechnology, nanotechnology applications, innovations in food and
beverage industry, cross-industry collaborations.
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Segmentation & Regional Insights
The diatomite market covered in this report is segmented –
1) By Type: Pinnularia, Coscinodiscus, and Melosira
2) By Mining Type: Underground Mining, Surface Mining
North America was the largest region in the diatomite market in 2023.The
regions covered in the diatomite market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the diatomite market is due to increasing sales in rapidly
developing countries such as China and India owing to rising disposable income,
and increasing demand for, the availability of credit. Disposable income refers
to the amount of money that an individual or household has to spend or save
after income taxes have been deducted. diatomite is primarily used to filter
food processing products such as beer, whiskey, and fruit juice, and to filter
organic liquids such as solvents and oils. For instance, in 2021, according to
the Bureau of Statistics of China, a China-based Government agency data,
Disposable Personal Income in China increased to 47412 CNY 2021 from 43834 CNY
in 2020. Therefore, the rising disposable income is driving the growth of the
Diatomite market.
Key Industry Players
Major companies operating in the diatomite market report are Imerys S.A., EP
Minerals, CECA Chemical, Diatomite CJSC, Jilin Yuan Tong Mineral, Dicalite
Management Group Inc., Showa Chemicals Industry Co. Ltd., Calgon Carbon
Corporation, Qingdao Best diatomite co.ltd., Shenzhou Xinglong Products of
Diatomite Co.Ltd, Chuanshan inte, U.S. SILICA Holdings Inc., Grefco Minerals
Inc., Moltan Co., Eagle-Picher Industries Inc., Celite Corp, Damolin, Qingdao
Sanxing Diatomite Co. Ltd., Shengzhou Huali Diatomite Products Co. Ltd., Zhilan
Diatomite Products Co. Ltd., Changbai Mountain filter aid factory, Noah
Chemicals, Kinequip Inc, Atlantic Equipment Engineers Inc., Twin Specialties, Reade
Advanced Materials, Barentz, Gromolit LLC, Zhuzhou Yuancheng Hezhong Technology
Development Co. Ltd.
The diatomite market report table of contents includes:
1. Executive Summary
2.
Diatomite Market Characteristics
3.
Diatomite Product/Service Analysis -Product/Service Examples
4.
Diatomite Market Trends And Strategies
5.
Diatomite Market - Macro Economic Scenario
.
68. Global
Diatomite Market Competitive Benchmarking
69. Global
Diatomite Market Competitive Dashboard
70. Key
Mergers And Acquisitions In The Diatomite Market
71.
Diatomite Market Future Outlook and Potential Analysis
72.
Appendix
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