Portland, OR, Aug. 03, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the diatomite market accumulated profits worth $1.4 billion in 2021 and are expected to reach $2.4 billion by 2031, registering a CAGR of 5.7% from 2022 to 2031. The market research provides a detailed analysis of fluctuating market trends, most important segments, value chain analysis, major investment business scenarios, regional space and competitive landscape. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.
Report coverage and details:
|Market size in 2021||$1.4 billion|
|Market size in 2031||$2.4 billion|
|Number of pages in the report||290|
|Segments Covered||Type, application and region.|
|Drivers||Extensive use of diatomite in industrial applications, including fillers and filler aids.|
|Predominant use of diatomite in filtration, absorbents, pharmaceuticals, functional additives, and food and beverages.|
|Favorable product features such as unique physical structure.|
|Opportunities||Wide-scale application of diatomite in paints, plastics, chemicals, pesticides, adhesives, paper and sealants.|
|Constraints||Diatomite consists of nearly 90% silica, which is considered a human lung carcinogen and can lead to enormous damage to the lungs due to silicosis.|
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- The COVID-19 pandemic has negatively impacted the growth of the global diatomite market, owing to the reduction in demand for the products in end-use industries such as absorbents, fillers, filtration and cement additives.
- Low raw material supply and low production activities have also resulted in massive decline in global market growth during the COVID-19 pandemic.
- Less labor availability and work stoppages have significantly hampered the expansion of the global market during the COVID-19 pandemic.
The report offers detailed segmentation of the global diatomite market based on type, application, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers and investors can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
Based on type, the calcined segment contributed the largest market share in 2021, accounting for more than two-fifths of the overall global diatomite market share. Moreover, this segment is expected to maintain its dominant status during the forecast period. However, the natural segment is expected to register the highest CAGR of 6.2% during the forecast period. The report also includes other segments such as natural and calcined flux.
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Based on application, the filtration segment held the largest share in 2021, contributing nearly three-fifths of the overall global diatomite market share. Moreover, this segment is expected to contribute the highest market share by 2031. The report also includes other segments such as cement additives, fillers, absorbents and others.
Based on region, North America contributed the highest market share in 2021, accounting for almost half of the global diatomite market. The region is expected to make a major contribution to the global market share in 2031. On the other hand, the Asia-Pacific Diatomite Market Expected to Register Highest CAGR 6.2% over the forecast period. The research also analyzes regions such as Europe and LAMEA.
Key players of the global diatomite market analyzed in the research include Caltron Clays & Chemicals Pvt. Ltd., Showa Industries Co. Ltd., Decalite Europe NV, Diatomit CJSC, Reade International Corp., Imerys Filtration Mineral, Inc., Kuraray Co. Ltd., Nova Industries Ltd., Seema Minerals & Metals and US Silica Holdings Inc. These market players have implemented strategies such as new product launches, acquisition, mergers, joint ventures, and collaborations to increase their market shares.
The report assesses these major players in the global diatomite industry. These participants have executed a host of key business strategies such as regional and customer base expansion, product development, strategic collaborations and joint ventures to expand product lines in global markets and extend market growth. global market. The market research report facilitates tracking the performance of each segment, the positioning of each product in the respective segments, and the impact of new technology product launches on the overall market size.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.