It’s being expected that by 2031, the Diatomite market cap will hit $2.4 Billion at a CAGR growth of about 5.7%.
The construction sector is the primary consumer of diatomite because of its ability to improve the quality of concrete and cement and produce heat-insulating bricks using various binders. The agglomeration of fossilized diatoms results in the formation of the porous, sedimentary rock known as diatomite. In construction, diatomite is a well-liked material for various reasons, including its high porosity, low density, abrasiveness, high surface area, insulating properties, high silica content, and inertness. These traits contribute to diatomite's popularity. It is anticipated that the rapidly expanding construction sector throughout the globe will act as a primary driver of expansion in the global diatomite market over the course of the forthcoming forecast period.
The outbreak of COVID-19 caused significant devastation to the agriculture industry all across the world, particularly in developing economies. The outbreak caused damage to production and marketing in the sector while rising prices of food commodities altered consumption patterns and economic troubles decreased access to markets. The labor and logistical challenges were caused by the disease.
These occurrences had a considerable influence on the volume of diatomite sales, which is not surprising when one considers the mineral's growing application in agricultural pesticides, rodenticides, and fungicides as a result of its dehydrating properties.
On the other hand, it is anticipated that the global diatomite market will experience a resurgence throughout the forecast due to the expanding utilization of safe painting solutions and pent-up demand.
North America will dominate the Global Diatomite Market
The majority of the world's diatomite is produced in North America. The majority of the region's diatomite is produced by companies such as EP Minerals, Imerys S.A., Calgon Carbon Corporation, Diatomit CJSC, and Showa Chemical Industry Co., Ltd., who are among the top manufacturers in the area. In addition, the United States is the world's biggest producer of diatomite because of the massive diatomite deposits that can be found in the states of Nevada, California, Oregon, and Washington.
Asia Pacific will see a stable growth rate in the period of interest
In terms of revenue generation, it is projected that the Asia Pacific will come in second place after North America. This is because of an increase in demand from industries such as healthcare and medicine, as well as industrial uses and crop protection chemicals.
The agriculture segment will dominate the Global Diatomite Market
The use of diatomite in agriculture has become increasingly popular as a result of the mineral's capacity to shield crops from environmental hazards while also assisting in the conservation of moisture. Traditional thermal cookers make use of diatomite as a fuel source because of the material's exceptional capacity to retain heat. The use of diatomite as a marker for nutrients in livestock has proven to be a successful method. It will be of tremendous assistance to the expansion of the worldwide market if diatomite is used in the production of insecticides and pesticides in the capacity of a dehydrating agent.
The value of the global diatomite market was estimated to be US$ 1.5 billion in 2021, and it is anticipated that it will reach US$ 2.7 billion by 2029, expanding at a CAGR of 5.4% over the duration of the forecast (2022-2029).
The capacity of diatomite to both increase the rate at which nutrients are absorbed and to fight off parasites will be a significant driver of growth in the worldwide diatomite market. Diatomite is a fantastic water filtration element that is utilized in a variety of industrial settings. The removal of suspended particulates from liquids is an important application for the filtration medium diatomite, which sees widespread use. The ability of diatomite to give temperature adjustments and a purified atmosphere within a building makes it useful in a variety of applications outside of the construction business. One of these applications is interior design. In the building and construction industry, diatomite is frequently used to make concrete stronger for structural applications. Diatomite is an effective source of pesticide that can be used to keep insects and other pests under control in residential and agricultural settings.
The fossilized diatoms' remains are known as diatomite and are found in their natural state. The sedimentary deposit known as diatomite is composed entirely of the mineral silica. In the recent past, the majority of diatomite was produced in China, the United States, Denmark, Japan, Mexico, and the Commonwealth of Independent States (CIS). Diatomite is a complex mineral to mine, and the extraction procedure can be complicated as well. The mining and processing of diatomite require extensive, complex processing facilities as well as heavy equipment for moving the earth. Diatomite has the ability to absorb fluids at a rate that is three times its own weight.
The significant increase in demand for diatomite from various filtration mediums has been the primary driving force behind the expansion of the diatomite market over the past few years. In swimming pools, diatomite is the filtering medium because of its effectiveness in filtration. In the field of chemistry, diatomite is employed as a filtering agent to assist in the removal of minute particles from the solution.
The ability to give resistance to heat and corrosion would greatly help the worldwide diatomite industry. The diatomite filtering process's wide availability and simpler technologies will significantly improve the global market growth. A greater emphasis on manufacturing sanitary beauty products would boost demand for the worldwide diatomite market. Diatomite provides good ways to form heat insulation brick for construction reasons, contributing to increased global demand for diatomite. Diatomite's porosity makes it a suitable filtration medium for removing contaminants from beer and refining vegetable oil. The usage of automated vehicles and technology is pushing the global mining industry's need for diatomite.
The global market for diatomite is dominated by a number of important competitors, including Celite Corporation, Moltan Company, Eagle-Picher Industries Inc., and Grefco Minerals.
- Moltan was successful in raising a total seeding capital of USD 7 Billion in October 2021. The growth of the regional market will be significantly aided by the expansion of the building industry as well as the growing emphasis on the various techniques of wastewater filtering.
- As a result of the presence of essential market players and the developments that have been made in the construction sector, China is expected to hold the majority of the market share in the worldwide industry. The increased focus on crop quality and agricultural productivity will be beneficial to the expansion of the diatomite market in the region. The development of the food processing industry will, in turn, make a contribution to the expansion of the market in the region.
Diatomite Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2029||USD 2.7 billion.|
|Growth Rate||CAGR of 5.4 % during 2021-2029|
|Segment Covered||By Type, By End-User, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Celite Corporation, Moltan Company, Eagle-Picher Industries Inc., and Grefco Minerals|
Key segments in ‘Global Diatomite Market’
By Type, 2019-2029 (USD Million)
- Flux Calcined
By End-User, 2019-2029 (USD Million)
- Large Enterprises
By Application, 2019-2029 (USD Million)
- Filter Aids
- Construction Materials
By region, 2019-2029 (USD Million)
- North America
- United States of America
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
Frequently Asked Questions (FAQ) :