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
- Diatomite Market Characteristics
- Diatomite Product/Service Analysis -Product/Service Examples
- Diatomite Market Trends And Strategies
- Diatomite Market – Macro Economic Scenario
.
- Global Diatomite Market Competitive Benchmarking
- Global Diatomite Market Competitive Dashboard
- Key Mergers And Acquisitions In The Diatomite Market
- Diatomite Market Future Outlook and Potential Analysis
- Appendix
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