Global diatomite market share is projected to witness a major upsurge over 2022-2028. This is a result of the superior product characteristics, such as light weight, high absorptivity, and high porosity, facilitating its usage as an absorbent and filter medium. In addition, the rising application scope of diatomite filters in portable water treatment as well as biological filtration will also proliferate industry growth over the estimated timeline. Diatomite or diatomaceous earth refers to the naturally occurring fossilized siliceous sedimentary mineral and chalky deposits from diatoms. Diatomite mineral is composed of 3% magnesium, 5% sodium, 2% iron, 19% calcium, and 33% silicon, in addition to several other trace minerals. Due to its high resistance to insects, the mineral is used as a natural insecticide for pest control.
Significant increase in research and development spending of pharmaceutical companies is a prominent trend characterizing the global diatomite market outlook through 2022-2028. According to Johnson & Johnson’s 2020 Annual Report, the company spent around $82.6 billion in research and development activities in 2020. This factor could boost industry size, given the increasing diatomite applications as filter aids in the pharmaceutical and biopharmaceutical industries for blood fractionation and other uses. Furthermore, the growing product adoption as an excellent filtering material for beer and other beverages will aid industry expansion in the upcoming years. However, its disadvantages in terms of disposal and the shifting focus toward alternatives may hinder market share to some extent.
Absorbents will emerge as a prominent application segment for the diatomite industry by 2028. This is on account of the rising product deployment for the clean-up of spills in waste remediation, janitorial, industrial, and automotive industries, due to its high surface area and porosity. Moreover, the strong focus on hygiene and the subsequent increase in demand for hygiene-based beauty items will also amplify the segmental growth, given the product usage as an absorbent in personal care products.
From a regional perspective, the Europe diatomite market will record a high revenue by 2028, considering the implementation of varied norms and directives to limit the impacts of industrial discharges. The Urban Waste Water Treatment Directive, for example, was designed to curb adverse impacts of industrial and urban wastewater discharges in the EU. Such a factor will push industry demand, as diatomaceous earth is ideal for sludge and waste streams. In addition, the high spending in the pharma sector across countries like the UK will further contribute to the overall market dynamics in the years ahead.
Key companies operating in the diatomite industry include Chuanshan inte, Hudson Resources, Showa Chemical Industry, Jilin Yuantong Mineral, Reade International Corp., Diatomite CJSC, Oracle Chemicals, Caltron Clays & Chemicals, Calgon Carbon (Kuraray), IMERYS (Belgian Securities B.V.), Dicalite Management Group, and E.P. Minerals, among others. These firms are focusing on various strategies such as new product launches, acquisitions, and mergers to expand their presence in the global market.
The novel coronavirus pandemic has extensively disrupted the agricultural system worldwide, especially in developing economies. The outbreak has affected the sector’s marketing and production due to logistical and labor constraints, while increased prices of food commodities have impacted the consumption pattern and the economic challenges have restricted access to markets. These situations may have impacted the diatomite industry, given its increasing usage in the agricultural segment in insecticides, fungicides, and rodenticides due to dehydration properties. However, the industry may regain momentum over the coming years, owing to the rising adoption of safe painting solutions and their pent-up demand. Additionally, the increased emphasis on home improvement during the pandemic could assert a positive influence on the paint and coating industry and in turn, boost the requirement of diatomite for use as a filler and flattening agent in paints.