Aluminum Potassium Sulfate Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

In terms of value, the global aluminum potassium sulfate market is expected to grow at a CAGR of 4.1% from 2020 to 2027 and cross US$ 70 Mn by 2027. Asia Pacific dominated the global aluminum potassium sulfate market in terms of volume in 2019.

It is estimated to be the leading region of the global aluminum potassium sulfate market during the forecast period. The water treatment industry is projected to offer lucrative opportunities for the aluminum potassium sulfate market in the near future.

Major Drivers and Restraints

The wastewater treatment process helps convert wastewater into effluents. Currently, various advanced treatment solutions are available to treat wastewater. Aluminum potassium sulfate is one such chemical used by industries to treat wastewater. Aluminum potassium sulfate is used as a flocculant in water treatment. Addition of flocculants to raw water causes colloids and other suspended particles to stick together and form heavier particles (floc), which are removed by sedimentation or filterability. The flocculation (or called coagulation) process helps in the removal of contaminants such as fine solid pollutants or microscopic molecules that are difficult to remove through filtration alone. Therefore, rise in usage of aluminum potassium sulfate to treat water is expected to drive the aluminum potassium sulfate market during the forecast period.

Many ingredients used in formulations in the pharmaceuticals industry have the ability to promote microbial growth. Such formulations are susceptible to unwanted contamination. In order to prevent this, antimicrobial agents such as aluminum potassium sulfate are added to formulations. Such agents protect the product against microbial proliferation. Therefore, rise in usage of aluminum potassium sulfate as an antimicrobial agent in the pharmaceuticals industry is expected to propel the aluminum potassium sulfate market during the forecast period.

Aluminum potassium sulfate carries various side effects. Some side effects observed after the oral consumption of aluminum potassium sulfate include burning sensation in the mouth, throat, and abdomen, as it acts as a corrosive agent locally. Symptoms such as vomiting with a fast pulse, hypothermia, and shock were also observed among a few individuals. Convulsions may occur on acute overdose, especially in children in their teens. These side effects caused by the consumption of aluminum potassium sulfate can cause negative impact on the health of consumers, and they may prefer some other products to aluminum potassium sulfate. This is likely to restrain the aluminum potassium sulfate market during the forecast period.

Prominent Segments

Based on form, the powder segment held major share of the global aluminum potassium sulfate market in 2019. This trend is anticipated to continue during the forecast period. In terms of application, the water purification segment constituted large share of more than 60% of the global aluminum potassium sulfate market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the pharmaceuticals segment is projected to expand at a rapid pace during the forecast period.

Competition Landscape

Key manufacturers operating in the global aluminum potassium sulfate market include Imperial Chem Incorporation, Baslini S.p.A., Vishnupriya Chemical Pvt. Ltd., Central Drug House, Anmol Chemicals, and POWDER PACK CHEM.

Market Segmentation

By Form

• Powder
• Crystal

By Application

• Water Purification
• Pharmaceuticals
• Food & Beverages
• Cosmetics
• Textile
• Paper
• Agriculture
• Others (including Poultry Litters)

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Australia
  • Rest of Asia Pacific

Scope of the Report

The new study on the global aluminum potassium sulfate market published by Vision Research Reports presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as structure of the global aluminum potassium sulfate market. VRR’s study offers valuable information on the global aluminum potassium sulfate market to illustrate how growth would discern during the forecast period of 2020 to 2027.

Key indicators of market growth, which include value chain analysis as well as supply chain analysis and compounded annual growth rate (CAGR) have been elucidated in VRR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global aluminum potassium sulfate market during the forecast period.

An extensive analysis of leading market players’ business strategies has also been featured in VRR’s study on the global aluminum potassium sulfate market. This can help readers understand principal factors to foresee the growth of the global aluminum potassium sulfate market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global aluminum potassium sulfate market, which would guide market players in making apt decisions in the near future.

Key Questions Answered

• What would be the Y-o-Y growth rate of the global aluminum potassium sulfate market between 2020 and 2027?
• What is the influence of changing trends on the global aluminum potassium sulfate market?
• Would Asia Pacific continue to remain the most profitable region for manufacturers of aluminum potassium sulfate in the near future?
• Which factors would hamper the global aluminum potassium sulfate market during the forecast period?
• Which are the leading companies of the global aluminum potassium sulfate market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct a comprehensive research on the global aluminum potassium sulfate market and arrive at conclusions on growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary resources referred to by analysts during the production of the report on the global aluminum potassium sulfate market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the global aluminum potassium sulfate market as a primary resource.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global aluminum potassium sulfate market. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global aluminum potassium sulfate market with accuracy. The study also uses the top-down approach to assess numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making VRR’s estimates on future prospects of the global aluminum potassium sulfate market more reliable and accurate.