Nov 17, 2020
Aluminium Potassium Sulphate Market Players Eye Growing Pharma Opportunities: Fact.MR
by Team Fact.MR
Aluminium potassium sulphate is an important chemical compound used across various industries. Aluminium potassium sulphate, also known as potash alum or alum meal is naturally obtained from mining and the purification of kalinite and alunite minerals. It also can be obtained through a chemical process known as hydrometallurgy.
Aluminium potassium sulphate has the ability to constrict the body tissues and retract blood flow. This characteristic know as astringency, makes potash alum a key ingredient in a variety of products. Aluminium potassium sulphate is largely used in the pharmaceutical, cosmetic and food and beverage industry.
Key Takeaways from the Aluminium Potassium Sulphate Market Report
- Asia Pacific will remain the largest aluminium potassium sulphate market
- China and India are two of the leading exporters of aluminium potassium sulphate
- The extensive use of aluminium potassium sulphate in pharmaceutical and cosmetics industries has led to immense growth of the market
- It is widely used to purify water and its ability to act as a mordant for the permanent adherence of dye to fabrics and fibers makes it applicable in the paper and chemical industry
- Potential health impact of aluminium potassium sulphate continues to limit adoption
The Covid-19 pandemic affected various sectors but a huge loss hasn't been reported in the potash alum market due to its use in pharmaceutical companies and agriculture. The market is expected to bounce back with a forecast of steady growth from here on.
Research and Development Efforts to Boost Growth
Aluminium potassium sulphate is a valuable chemical compound that acts as a catalyst in several chemical reactions. Constant research is conducted to determine its application in different fields and sectors. It is used in creating personal care products as well as acting as food additives in animal food and drugs. Potash alum is also used in agriculture as it helps improve the potassium levels in soil, making it a useful fertilizer. The use of potash alone often has side effects like skin irritation and hence labeling the percentage used is necessary to avoid personal damages. Research is being carried on to decrease or nullify the side effects and increase its scope of application.
A few of the key players in the aluminium potassium sulphate market are Thermo Fisher Scientific, Sigma-Aldrich Co. LLC, Holland Company Inc., Baslini SpA, Merck KGaA and Nanjing Jiayi Sunway Chemical Co. Ltd.
Since North America holds a market comprising of major industrial bases, there is potential for extensive growth of the aluminium potassium sulphate market. The numerous applications, profitable investment opportunities, easy trade flow and rising shift towards explorative products are predicted to positively affect the potash alum market.
Valuable Insights on the Aluminium Potassium Sulphate Market
FactMR has compiled a report on the detailed analysis of the aluminium potassium sulphate market, listing out its assessment for future growth. The report divides the market into various segments in order to analyze it in detail. The market is segmented based on end use industry into pharmaceutical, agriculture, food and beverage, personal care, textile, paper, chemical and others.
On the basis of application, the market is divided into food additive, astringent, mordant, hardening agent and others. Based on source, the market is segmented into natural and commercial. Lastly, the market is segregated based on the geographical region into Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific, Latin America and North America.
>>> To Get more insights on aluminium potassium sulphate market, visit- https://www.factmr.com/report/5351/aluminium-potassium-sulphate-market
About Chemical & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations – the Chemicals & Materials team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the Chemicals & Materials industry lucidly in 50+ countries for over a decade. The chemicals & materials team at Fact.MR assists clients in their business expansion as well as new ventures, through hawk-eyed analysis and strategic recommendations