The global diatomite market size was US$ 1.4 billion in 2021. The global diatomite market size is estimated to reach US$ 2.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.
Diatomite, generally called diatomaceous earth, is a naturally occurring fossilized diatom remnant. It is an extremely porous rock with small particle size and low specific gravity. These essential features allow it to be used as an absorbent, filter media, and light filler in rubber, paint, and plastics. Manufacturers are delivering substantial progress to support the industry's expected fast growth owing to the expanding strength in the building industry.
Factors Influencing Market Growth
• The rising use in industrial applications such as filter aid and filler material drives the overall market growth.
• The increasing usage in filtration applications and the food and beverage sector, and its inherent filtering capabilities resulting from its unusual honeycomb structure drive the overall market growth.
• Diatomite delivers outstanding filtering qualities because of its special physical structure, and its rising use in filtration applications is anticipated drive overall market growth.
Effect of the COVID-19 Pandemic
COVID-19 had an adverse impact on the overall market expansion. The pandemic is anticipated to have a significant impact on industrial participants' operations, indirectly and directly concerning customer behavior, inventory, labor shortages or stoppages of sales, business and manufacturing operations, and others. As per industries operating in the market, there are multiple uncertainties about the COVID-19 pandemic, comprising the range of scientific and health problems, the anticipated period of the pandemic, and economic and the political, disturbance it might cause. Manufacturing and the supply regions noticed an economic slowdown due to the lockdown.
North America is anticipated to be the fastest growing market, due to the increasing need for water filter media with a rising population and technologies in advanced countries like the U.S., and Canada is anticipated to drive the overall market in the region.
The prominent players in the global diatomite market are:
• U.S. Silica Holdings Inc
• Showa chemical industry
• Seema Minerals & Metals
• Reade International
• Nova Industries
• Caltron Clays & Chemicals
• Dicalite Europe
• Diatomit CJSC
• Imerys Filtration Minerals
The global diatomite market segmentation focuses on Type, Application, and Region.
Segmentation on the basis of Type
• Flux Calcined
Segmentation on the basis of Application
• Cement Additive
Segmentation on the basis of Region
• North America
• The U.S.
• Western Europe
• The UK
• Rest of Western Europe
• Eastern Europe
• Rest of Eastern Europe
• Asia Pacific
• Australia & New Zealand
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Rest of South America