July 27, 2022 09:54 ET | Source: Facts & Factors Facts & Factors
NEW YORK, United States , July 27, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Diatomite Market By Source (Fresh Water Diatomite, Salt Water Diatomite), By Process (Natural Grades, Calcined Grades, Flux-Calcined Grades), By Application (Filter Media, Cement Additive, Filler, Absorbent, Insecticides, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Diatomite Market size & share was approximately USD 1,125 million in 2021. The market is expected to grow above a CAGR of 4.70% and is anticipated to reach over USD 8,695 million by 2028.”
The report analyses the Diatomite market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Diatomite market.
What is Diatomite? How big is the Diatomite Industry?
Diatomite, commonly known as diatomaceous earth, is a naturally occurring fossilized diatom remnant. An extremely porous rock with tiny particle size and low specific gravity. It can be used as filter media, absorbent, and lightweight filler in rubber, paint, and plastics because of these key qualities. Due to the increasing potential in the construction sector, the industry is predicted to grow rapidly, and manufacturers are introducing strategic innovations to support this.
Due to rapid technical and economic progress, as well as population growth, there has been a considerable demand for natural resource consumption in most locations throughout the world in recent years.
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Market Growth Dynamics: Industry Drivers
Diatomite is employed as an absorbent in a variety of situations, including spills of excess oil, ethylene gas, and other dangerous liquids. Due to its strong thermal capabilities, diatomite is often employed in traditional thermal cookers. Diatomite is utilized in medical and healthcare applications for DNA purification, absorbency, and liquid filtration. Furthermore, diatomite is employed in agricultural applications such as hydroponics, animal nutrient markers, and other specialized applications. However, diatomite-related health laws are expected to slow the market's growth in the coming years.
Diatomite's large surface area, abrasiveness, and high silica content encourage its use in a wide range of applications such as filtration, functional additives, absorbents, and medicines, which is expected to drive market growth over the forecast period. Due to its strong purifying properties, the filtration market is the primary consumer of diatomite. Furthermore, diatomite's growing use in industries such as paints, plastics, pesticides, pharmaceuticals, chemicals, adhesives, sealants, and paper is expected to drive market growth throughout the forecast period.
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Key Insights from Primary Research
Key questions answered in this report:
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Diatomite Market: COVID-19 Impact Analysis
The novel coronavirus epidemic has wreaked havoc on the global agricultural sector, particularly in underdeveloped countries. Due to logistical and manpower difficulties, the outbreak has hampered the sector's marketing and production, while rising food prices have influenced consumption patterns and economic challenges have limited access to markets.
Due to its dehydration qualities, diatomite is increasingly used in agricultural pesticides, fungicides, and rodenticides, which may have influenced the diatomite industry. However, due to the increased use of safe painting solutions and their pent-up demand, the market may regain speed in the future years.
The global Diatomite market is segregated based on source, process and application.
Natural grades will continue to dominate the market, depending on the application, over the projection period. Diatomites are made up of the fossilized remnants of microscopic aquatic animals called diatoms. Their skeletons are made of silica, a naturally occurring substance. Over the projected period, the increased use of diatomite in industries such as paints, plastics, pesticides, pharmaceuticals, chemicals, adhesives, sealants, and paper is expected to drive market expansion.
The diatomite market will see absorbents become a popular application segment. Due to its high surface area and porosity, this product is increasingly being used to clean up spills in the waste remediation, janitorial, industrial, and automotive industries. Furthermore, given the product's use as an absorbent in personal care products, the strong focus on hygiene and the resulting increase in demand for hygiene-based beauty items would drive segmental growth.
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Due to the large number of diatomite reserves available in the region, North America accounted for the largest market share in terms of demand. Furthermore, rising demand from various industrial applications such as water treatment, absorbent, and crop protection chemicals is expected to boost diatomite market growth during the forecast period. Due to the rising demand for crop protection and water treatment chemicals, the United States had the highest demand for diatomite in North America. Crop protection chemicals and industrial applications are driving up demand. With its superior filtration properties, diatomite is increasingly being used in water treatment.
The report contains qualitative and quantitative research on the global Diatomite Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global Diatomite market include;
Browse the full “Diatomite Market By Source (Fresh Water Diatomite, Salt Water Diatomite), By Process (Natural Grades, Calcined Grades, Flux-Calcined Grades), By Application (Filter Media, Cement Additive, Filler, Absorbent, Insecticides, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/diatomite-market
The global Diatomite market is segmented as follows:
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