Market Size of Diatomite Industry
Study Period | 2019 - 2029 |
Market Volume (2024) | 2.01 Million tons |
Market Volume (2029) | 2.59 Million tons |
CAGR (2024 - 2029) | 5.23 % |
Fastest Growing Market | North America |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Diatomite Market Analysis
The Diatomite Market size is estimated at 2.01 Million tons in 2024, and is expected to reach 2.59 Million tons by 2029, growing at a CAGR of 5.23% during the forecast period (2024-2029).
The Diatomite market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility. Lockdowns caused the halt of manufacturing additives, absorbents, etc. Currently, the market has recovered from the pandemic and is growing at a significant rate.
The increasing demand for water treatment applications is expected to fuel market growth.
However, the availability of substitutes for diatomite, such as expanded perlite and silica sand, is anticipated to hamper market expansion.
The growing demand for diatomite in the manufacturing of insecticides is likely to act as an opportunity for the market studied in the coming years.
North America region is expected to dominate the market with the largest consumption from countries such as the United States and Canada.