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Diatomite market size will experience exponential growth during 2023-2032, attributed to the multiple characteristics of the product like lightweight, high porosity, and high absorption which support its usage as an absorbent and medium for filtration. Diatomite filters are being highly used in portable water treatment and biological filtration systems. Diatomite mineral contains 3% magnesium, 5% sodium, 2% iron, 19% calcium, and 33% silicon. The mineral is utilized as a natural pesticide for pest management because of its great resistance to insects.
The significant increase in R&D spending across the pharmaceutical sector will shape the forecast for the global diatomite market through 2032. According to the Johnson & Johnson annual report 2020, the company invested over USD 82.6 billion in R&D efforts in the year. Growing usage of diatomite as filter aids in the biopharmaceutical and pharmaceutical industries for blood fractionation and other purposes would complement market growth. The product is also an excellent filtration material for beer and other beverages.
Based on application, the absorbents segment is anticipated to become a sizable share in the diatomite industry by 2032. The product is highly used to clean up spills in waste remediation, industrial, janitorial, and automotive industries due to its porosity and large surface area. The rising attention towards hygiene is driving the demand for hygiene-based beauty products. This is fueling the use of diatomite in the personal care products segment.
As per the regional outlook, Europe diatomite market will observe higher revenue attributed to the adoption of various regulations and directives aimed at reducing the effects of industrial discharges. For instance, the EU's Urban Waste Water Treatment Regulation was created to reduce the unfavorable effects of industrial and urban wastewater discharges. Diatomaceous earth is ideal for sludge and waste streams, so this factor will fuel industry expansion. In the coming years, substantial spending in the pharmaceutical sector in nations like the UK will be profitable to the market dynamics.
Global diatomite market key players include Oracle Chemicals, Chuanshan inte, Caltron Clays & Chemicals, Showa Chemical Industry, Reade International Corp., Dicalite Management Group, Diatomite CJSC, Hudson Resources, Calgon Carbon (Kuraray), Jilin Yuantong Mineral, IMERYS (Belgian Securities B.V.), and E.P. Minerals. To increase market share globally, these companies are concentrating on a variety of techniques such as new product launches, acquisitions, and mergers.
The diatomite market growth is likely to be impacted by high inflation in developed economies over the past two years. A change in consumer purchasing power across developing economies is expected to have a long-term effect on the performance of the global economy and drive the introduction of fiscal policies. These policies will help reduce the short-term impacts of inflation on cash flow, demand/supply, and currency exchange. However, rising demand for water treatment and biological filtration systems across these nations could open new growth avenues for market.