Aluminium Potassium Sulphate Market
Aluminium Potassium Sulphate Market By Form (Powder, Crystal), By End-use (Water Purification, Pharmaceutical, Cosmetics, Paper, Textile)- Global Market Insights 2020 to 2030
Aluminium potassium sulphate is an imperative chemical compound. Also known by potassium aluminium sulphate, potash alum, alum flour, and alum meal, this compound is naturally obtained from the mining and purification process of kalinite and alunite minerals.
The global aluminium sulphate market is exhibiting considerable growth driven by extensive industrial applications of aluminium sulphate. This double sulphate of potassium and aluminum is mainly used as astringent (or styptic) and antiseptic. Owing to this it is widely used in the pharmaceutical industry.
Diverse Applications of Aluminium Sulphate Fueling Demand
Potash alum's antiperspirant and antibacterial properties make for its application as a deodorant. Potassium alum also is used in the formulation of various cosmetics products such as cleansing products, skincare products, moisturizers, face powders, and many more. Thus, the cosmetics industry is augmenting the growth of aluminium potassium sulphate market.
Aluminium potassium sulphate is a great dye fixative that aids in the strong adherence of dye to a fabric. This makes it beneficial in the fabric, paper, and chemical industry. In addition to these, aluminium potassium sulphate is used in the water purification process due to its coagulating leading properties. In agricultural industry, aluminium potassium sulphate is known for enriching the potassium content in the soil when taken as a fertilizer.
Owing to its versatility, aluminium potassium sulphate is enjoying applicability in major industries. According to Fact.MR, the global market is expected to record steady growth between 2020 and 2030.
Implementation of Emission Control Norms Causing Restraint
Despite exhibiting a steady growth trajectory, the market is currently facing challenges posed by the implementation of stringent emission control norms. Emission produced during manufacturing processes that use aluminium sulphate causes harm to the environment.
Focus towards reducing the risk of environmental hazards might create restraints to growth. Key players operating in the market are therefore investing in the development of improved handling techniques. With this hazardous impact on the environment is likely to reduce offsetting aforementioned restraint.
COVID-19 Impact on Aluminium Potassium Sulphate Market
The ongoing COVID-19 pandemic severely hit all the sectors. The global aluminium potassium sulphate market experienced limited growth due to the slowdown of manufacturing activities of major end-use industries like chemical, pharmaceutical, cosmetics, and water purification.
Transport restrictions imposed by governments played a major role in restraining the growth of the market during the initial phases of the COVID-19 outbreak. From manufacturing activities to supply chain, COVID-19 interrupted all activities and decreased the demand. Additionally, fluctuations in currencies and taxes worsened the situation.
With manufacturers bringing new strategies to run parallel with COVID-19 without compromising social distancing norms and security of employees, the market is expected to recover during the forecast period. Fact.MR estimates the major support to come from the water purification sector of hugely populated growing economies.
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Aluminium Potassium Sulphate Market by Form
By form, the powder segment is expected to remain lead during the forecast period. The growth of the segment is attributable to the increasing use of aluminium potassium sulphate in powder form in various end-use industries.
Aluminium Potassium Sulphate Market by End Use
Aluminium potassium sulphate market is projected to witness a fivefold growth in the water purification segment. The growth of the segment is attributable to its characteristics like coagulating suspended particles, algae, protozoa, viruses, bacteria, and some metal ions such as iron and manganese into larger particles.
The resulting "sludge" is then removed easily. Furthermore, the growing middle-class population and increasing health awareness among consumers are augmenting the demand for aluminium potassium sulphate from the water purification sector. Following water purification, the pharmaceutical industry and cosmetics industry will observe a sharp growth in terms of market value through the assessment period.
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Regional Outlook of Aluminium Potassium Market
Asia Pacific currently dominates the global aluminium sulphate market.. Demand witnessed in India and China and favorable government policies in these countries are aiding the overall expansion of the market.
Countries in Asia Pacific are focusing more on expanding agricultural base and lessening dependability on imports. Easy trade flow coupled with enhanced investment opportunities is projected to drive the market in Asia Pacific. The region also has witnessed a major shift in the consumer behaviour pattern towards exploring new products.
This may contribute to an increased acceptance of aluminium potassium sulphate in the manufacturing of various products. is the rising demand from water purification, food and beverage, and paper industries is forecast to drive growth in Asia Pacific.
North America too has emerged as a lucrative market for aluminium sulphate. The growth of the region is attributable primarily to the expansion of the cosmetics industry. North America represents the largest pharmaceutical market globally which in turn is augmenting the aluminium potassium sulphate market of the region.
Europe led by Germany accounts for significant revenue share in the global market. Besides various opportunities, due to the presence of a powerful administrative framework, Europe experiences a variable growth trend. Fact.MR expects the side effects caused by aluminium potassium sulphate to hamper growth possibilities in Europe.
Aluminium Potassium Market: Competitive Landscape
The global aluminium potassium sulphate market is highly competitive Leading manufacturers are now more gravitated towards investing in research and development in order to expand consumer base from end-use industries.
The market is witnessing the entry of various startups and small-scale firms which is making it more competitive. On the other hand, key market players are getting involved in collaborations, acquisitions, joint ventures with leading investors, and agreements to ensure multi-dimensional growth.
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The Analyst's Viewpoint
"The market will observe a surge in demand for aluminium potassium sulphate, primarily from water purification, cosmetics, and pharmaceutical sector. The Middle East and Africa will emerge as a lucrative market due to the increasing adoption of potash alum fertilizers due to the presence of arable land in two-thirds of the countries of the region."
Aluminium Potassium Sulphate Market: About the Report
Fact.MR has recently published an exclusive in-depth forecast report on the aluminium potassium sulphate market for 2020 and 2030. The principal objective of this report is to outline spearhead insights on the market scenario, demand generators, and competitive landscape in the market. Also, the study speaks key dynamics that are anticipated to increase the sales and future possibilities for the market.
The report on the aluminium potassium sulphate market commences with an executive overview, in which, product description has been presented. The report further proceeds with the taxonomy of the aluminium potassium sulphate, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key factors favoring investment within the market.
Supply chain analysis and pricing analysis of the market, along with the aluminium potassium sulphate used as per application, have also been incorporated in the report, to help readers clearly understand the product framework map in the market.
Aluminium Potassium Sulphate Market: Segmentation
Fact.MR has studied the aluminium potassium sulphate market with detailed segmentation on the basis of by form and, end-use, and key region.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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