PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400980
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400980
Asia Pacific Diaotomite Market size was valued at USD 560 Million in 2022, expanding at a CAGR of 7.5% from 2023 to 2030.
A naturally occurring fossilized diatom residue is called diaotomite. It is a very porous rock with a low specific gravity and small particle size. It can be used as filter media, absorbent, and light filler in rubber, paint, and plastics because to these crucial properties. Because of the rapid improvements in technology, there has been a large demand for the use of natural resources in most parts of the world in recent years.
Diaotomite Market- Market Dynamics
Increasing health concerns for better freshwater consumption is expected to propel market demand
Growing health concerns about freshwater use have propelled the demand for membrane water systems for drinking water treatment in homes. Thus, rising demand for this water system is projected to bolster the demand for diatomite used. Furthermore, diatomite is a great filtration medium because of its high degree of porosity, low density, and inertness. These properties enable the inexpensive removal of minute suspended particulates from huge quantities of liquid. In addition, increasing demand for water treatment chemicals is also expected to boost the market growth.
Diaotomite Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2023-2030)
Based on Type segmentation, natural was predicted to show maximum market share in the year 2022, natural type diaotomite have gained high demand from chemical and insecticides industry.
Based on Source segmentation, freshwater diaotomite was the leading market in 2022, due to increasing demand from freshwater treatment system.
Based on Application segmentation, filter media was the leading market in 2022, due to increasing demand from water filtration system from chemical sector.
On the basis of country, China was the leading revenue generator in 2022 mainly due to the presence of leading market players.
The Asia Pacific Diaotomite Market is segmented on the basis of Type, Source, Application, and Region.
The market is divided into three categories based on Type: natural, calcinated, and flux calcinated. The natural type dominates the market. The natural type of diatomite has demand from industries such as chemical, cement manufacturing for water filtration and filler system.
The market is divided into two categories based on Source: freshwater diatomite and saltwater diatomite. The freshwater diatomite dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for diatomite in freshwater filtration system from industrial sector.
The market is divided into six categories based on Application: filter media, cement additive, filler, absorbent, insecticides, and others. The filter media segment dominates the market and is likely to maintain its dominance during the forecast period. The growing demand for filter media from water treatment in chemical industries is mainly boosting the market growth.
Diaotomite Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region.
Due to the continuous development in water treatment system and other products, the Asia Pacific market for diaotomite is made of both international domestic players, making it one of the most competitive sectors in the world. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, business development, and mergers and acquisitions. Diaotomite market significantly compeititve in nature due to presence of small market cap players.
In 2022, Ep Minerals LLC acquired Viaton Industries Ltd., a company specialized in providing absorbent products to expand their product portfolio.
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC DIAOTOMITE MARKET KEY PLAYERS
Nihon Superior Co., Ltd.
Dalian Huaxing Diatomite Co., Ltd.
Viaton Industries Ltd.
Fujian Yixing Diatomite Co., Ltd.
Jilin Huaxing Diatomite Co., Ltd.
Zhejiang Haicheng Diatomite Co., Ltd.
Tsuruga Diatomite Co., Ltd.
Tokachi Diatomite Industry Co., Ltd.
Korea Diatomite Co., Ltd.
Dongwha Diatomite Co., Ltd.
Taiyo Diatomite Co., Ltd.
Formosa Diatomite Co., Ltd.
Jiangsu Yixing Diatomite Co., Ltd.
Uni-Tech Diatomite Co., Ltd.
Others
ASIA PACIFIC DIAOTOMITE MARKET, BY TYPE
Natural
Calcinated
Flux Calcinated
ASIA PACIFIC DIAOTOMITE MARKET, BY SOURCE
Freshwater Diaotomite
Saltwater Diaotomite
ASIA PACIFIC DIAOTOMITE MARKET, BY APPLICATION
Filter media
Cement additive
Filler
Absorbent
Insecticides
Others
ASIA PACIFIC DIAOTOMITE MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC