NEW YORK, USA, July 27, 2022 (GLOBE NEWSWIRE) — Facts and Factors has released a new research report titled “The Diatomite Market By Source (Freshwater Diatomite, Salt Diatomite), By Process (natural varieties, calcined varieties, calcined fluxes). Grades), by application (filter materials, cement additives, fillers, absorbents, pesticides, etc.) and by region – global industry information, growth, size, share, benchmarking, trends and forecasts for 2022-2028 in your research database.
“According to the latest research, the global diatomite market size and share demand in 2021 will be approximately US$1.125 billion. The market is expected to grow at a CAGR of over 4.70% and is expected to exceed US$8.695 billion by 2028.”
The report analyzes the drivers and restraints of the diatomaceous earth market and their impact on demand during the forecast period. In addition, the report focuses on the global opportunities in the worldwide Diatomaceous Earth market.
Diatomaceous earth, commonly known as diatomaceous earth, is the naturally occurring fossilized remains of diatoms. Extremely porous rock with tiny particle size and low specific gravity. Because of these key properties, it can be used as a filter media, absorbent and lightweight filler in rubber, paints and plastics. With the rising potential of the construction industry, the industry is expected to grow rapidly and manufacturers are implementing strategic innovations to support this.
With rapid technological and economic progress and population growth in recent years, there has been significant demand for depletion of natural resources in most parts of the world.
Diatomaceous earth is used as an absorbent in a variety of situations, including spills of excess oil, ethylene gas, and other hazardous liquids. Diatomaceous earth is often used in traditional hot utensils due to its powerful heat capacity. Diatomaceous earth is used in medicine and health care to purify DNA, absorb and filter fluids. In addition, diatomaceous earth is used in agricultural applications such as hydroponics, animal feed labeling, and other specialized applications. However, diatomaceous earth-related health laws are expected to slow the growth of the market in the coming years.
Diatomite’s large surface area, abrasive properties, and high silica content encourage its use in a wide range of applications such as filtration, functional additives, absorbents, and pharmaceuticals, which are expected to drive market growth over the forecast period. The filtration market is a major consumer of diatomaceous earth due to its powerful cleansing properties. In addition, the expansion of the application of diatomaceous earth in industries such as paints, plastics, pesticides, pharmaceuticals, chemicals, adhesives, sealants and paper is expected to drive market growth during the forecast period.
The novel coronavirus epidemic has taken its toll on the global agricultural sector, especially in underdeveloped countries. The pandemic has hampered marketing and production in the industry due to logistics and labor difficulties, while rising food prices have affected consumption patterns and economic problems have limited access to markets.
Due to its dehydrating properties, diatomite is increasingly being used in agricultural pesticides, fungicides, and rodenticides, which may have affected the production of diatomite. However, the market is likely to regain its momentum in the coming years due to increased use of protective coating solutions and pent-up demand.
Depending on the application, natural varieties will continue to dominate the market during the forecast period. Diatomaceous earth is made up of the fossilized remains of microscopic aquatic animals called diatoms. Their backbone is made up of silica, a natural substance. The increase in the use of diatomaceous earth in industries such as coatings, plastics, pesticides, pharmaceuticals, chemicals, adhesives, sealants, and paper is expected to lead to market expansion over the forecast period.
In the diatomaceous earth market, absorbents will become a popular application. Due to its high surface area and porosity, this product is increasingly being used to clean up spills in the waste disposal, cleaning, industrial and automotive industries. In addition, given the use of the product as an absorbent in personal care products, a strong focus on hygiene and the resulting increase in demand for hygienic beauty products will drive the growth of the segment.
Post time: Sep-28-2022