PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1408894
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1408894
Diatomite Market size was valued at USD 1,100 Million in 2022, expanding at a CAGR of 6.1% from 2023 to 2030.
Diatomite is a sedimentary rock that is primarily composed of micro-amorphous silica. This silica is derived from the remains of microscopic single-celled algae called Diatom. The unique structure of diatomite is characterized by a complex honeycomb pattern with numerous tiny pores of varying sizes. These pores range from a few microns to submicron dimensions. The highly porous nature of diatomite makes it widely used across various industries. It is a valuable component in many products and plays a vital role in manufacturing processes. The special properties of diatomite, such as its light weight, high porosity, and high absorptivity, make it an ideal filter medium and absorbent material. Additionally, diatomite is chemically inert and highly stable. Approximately 90 percent of diatomite is made up of silica, with the remaining portion consisting of compounds like aluminum and iron oxides. In the construction field, diatomite can be utilized as lightweight aggregates in concrete and as an important ingredient in the production of bricks and other building materials. Furthermore, food-grade diatomaceous earth, which is considered safe for human consumption, is sometimes used as a dietary supplement due to its alleged detoxifying properties.
The demand for Diatomite in the building and construction industry is expected to increase. Diatomite is currently being used as a raw material in various industrial sectors worldwide, including the construction industry. Its usage in the construction industry aims to enhance the characteristics of concrete and cement, as well as in the production of heat-insulating bricks using different binders. The lightweight properties of diatomite make it an attractive material for the manufacturing of lightweight concrete and other construction materials. According to Global Construction Industry Statistics, the U.S. construction market is projected to grow at a faster rate than China's in the next fifteen years. It is worth noting that buildings contribute to approximately 40% of global energy-related CO2 emissions. Ongoing research and development efforts focused on diatomite applications, such as the development of new construction materials or advanced filtration technologies, have the potential to create new markets and growth opportunities. However, the limited availability of high-quality deposits may hinder market growth.
Geographically, the Diatomite market is spread across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the Diatomite market is expected to be dominated by North America, particularly in countries like the United States and Canada. This dominance can be attributed to the increasing demand for water filter media due to the growing population and advancements in technology. The United States and Canada, being developed countries, have witnessed a rise in population, leading to a higher demand for clean and safe drinking water. Diatomite, with its high porosity and fine particle size, is well-suited for water treatment processes and addressing water quality concerns. The U.S. Environmental Protection Agency (EPA) is authorized under the Safe Drinking Water Act (SDWA) to protect public health by regulating the nation's drinking water supplies in about 155,000 public water systems. Eighty-five to ninety percent of the American public gets their drinking water from a public water system. Asia Pacific accounted for second biggest market share due to increasing need from crop protection chemicals as well as industrial applications, majorly in China.
Diatomites are fascinating materials that can be found in various regions across the globe. Companies offering a wide range of diatomite products have a competitive edge in meeting the diverse needs of different industries. While there are alternative materials that can be used in place of diatomite, its unique properties ensure its continued usage in numerous applications. In terms of filtration, expanded perlite and silica sand are direct competitors. To strengthen their market presence and expand their market share, corporations employ various strategies such as launching new products, developing distribution networks, investing in research and development, and engaging in mergers and acquisitions. For example, U.S. Silica Holdings, Inc., a globally diversified performance materials company and a leading producer of high-value minerals and specialty products used in various industrial applications, as well as the primary provider of proppants and last-mile logistics to the U.S. shale industry, recently announced that it is initiating a review of strategic alternatives for its Industrial & Specialty Products ("ISP") segment. This review includes considering a potential sale or separation of the ISP segment, among other options.
Calgon Carbon Corporation has recently made an announcement regarding a global price adjustment. Effective from February 1, 2019, the company will be implementing a price increase on all activated carbon products and associated equipment, subject to contractual agreements. This decision has been prompted by the ongoing rise in costs of raw materials and transportation expenses. The extent of the increase is anticipated to vary between 10-15%, depending on factors such as the particular product, type of raw material, services offered, and the prevailing dynamics of the global market.
The scope of this report covers the market by its major segments, which include as follows: