The global alunite market is anticipated to attain a value of USD $3.95 billion by the year 2028 growing at a CAGR value of 3.4%.
Industry Perspective:
The global alunite market is anticipated to attain a value of USD $3.95 billion by the year 2028 growing at a CAGR value of 3.4%. The report presents comprehensive projections on the growth factors, opportunities, and restraining factors. It also covers the geographical market along with comprehensive competitive landscape analysis.
Alunite Market: Overview
Alunite is also referred to as hydroxylated aluminum potassium sulfate mineral. It is mined on a large scale to prepare alum. Alunite is manufactured from the action of sulphuric acids on potassium-rich feldspar. This process is called alunitization. Alunite is a prominent source of aluminum and potash, which is used for a wide range of applications like pharmaceutical and water treatment. Non-professionals also refer to alunite as alum stone. Alunite has been in use for different purposes for a very long time. It is also obtained from rock-forming sulfate mineral, which is found in volcanic rocks like andesites, trachytes, and rhyolites. It is formed by the chemical reaction of escaping sulfur from molten lava.
COVID-19 Impact:
The outbreak of the Covid-19 pandemic has significantly impacted the growth trajectory of the global alunite market as due to the growing cases of coronavirus, governments all across the globe had announced national lockdowns, which also halted all the operations and transportation activities worldwide. Manufacturing units were shut down, and supply chain logistics were disrupted severely. Such a landscape has downgraded the growth trajectory of the global market. But with the upliftment of global lockdowns, the market is likely to foresee strong growth prospects in the forthcoming years. Market leaders are taking several initiatives to foster growth opportunities in the market. With the resumption of operations in the end-user sector of the alunite, the market is also likely to support the growth of the global alunite market in the forthcoming years.
Alunite Market: Growth Drivers
Growing requirements from the industrial and household sectors will drive the growth of the global market.
A large number of derivatives of alum are widely used in different applications in the household and industrial sectors. Potash alum is one such derivative that is largely used in the industrial and household segment. It helps in manufacturing perfumes and several other essential items. Potash alum also helps in purifying water, fireproofing textiles, leather tanning, dyeing, and many others. Additionally, it also finds a large number of applications in the cosmetics sector as a body deodorant or aftershave treatment. Potash alum is a crucial member of the generic class of compounds named alums. However, from the industrial perspective, it is now manufactured by adding potassium sulfate to a concentrated aluminum sulfate solution. It is traded in the form of crystal and powder according to the requirements of the end-user sector. In the FMCG sector, alunite is used on the mass scale as pickling and fire-retardant. Also, owing to its versatility, the demand for alunite is constantly growing from other sectors also, including the cosmetic and personal care sector. It is used as a skin bleaching agent and depilatory waxes. It is also used as an antiperspirant because it does not cause skin irritation, allergy, and appearance of stains on clothes.
Alunite Market: Restraints
Risks and cautions with alunite are likely to restrain the growth of the global market.
The use of alunite in excessive amounts in different industrial applications can irritate skin and mucus membrane, which in turn poses several health risks. Such a landscape is likely to hamper the growth of the global market.
Alunite Market: Opportunities
Fast proliferating pharmaceutical sector is likely to open new avenues in the global market.
Alunite and its derivatives play a crucial role in manufacturing different chemicals, including flocculation, which is highly used to manufacture styptic pencils. It is applied to injuries and minor cuts to stop bleeding. Furthermore, it is used in manufacturing adjuvant – a chemical that boosts the immune response for vaccines.
Alunite Market: Challenges
Negative impact of mining on the environment is a huge challenge in the global market.
Environmentalists and government leaders are making initiatives to lower the impact of industrialization on the environment. Therefore, the recent prohibition associated with mining to avoid the undesirable and negative impact on the environment is likely to hamper the growth of the global market.
Alunite Market: Segmentation
The global alunite market can be segmented into end-user, product, and region.
By end-user, the market can be segmented into FMCG, cosmetics, pharmaceuticals, and others.
By product, the market can be segmented into potassium alunite and natroalunite.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Alunite Market: Regional Landscape
Global market likely to be dominated by Asia Pacific during the forecast period
Asia Pacific accounts for the largest share in the global alunite market due to the growing investments to build wastewater treatment plants to reuse industrially processed water. Also, the government authorities are taking initiatives to provide safe and clean water to inhabitants, which will also complement the growth of the regional market.
North America is likely to register noteworthy growth in upcoming years due to the growing adoption of alunite in the pharmaceutical sector. Also, the presence of prominent market leaders in the region will further encourage the growth of the regional market.
Alunite Market: Competitive Landscape
Some of the significant players in the global alunite market include Sun Minerals, Pacer Corporation, Alunite Pretoria, Baslini, Det-Al Aluminum, Det-Al Aluminum, and Lincoln.
Global alunite market is segmented as follows:
By End User
By Product
By Region
Request the coronavirus impact analysis across industries and markets
A large number of derivatives of alum are widely used in different applications in the household and industrial sector. Potash alum is one such derivative that is largely used in the industrial and household segment. It helps in manufacturing perfumes and several other essential items. Potash alum also helps in purifying water, fireproofing textiles, leather tanning, dyeing, and many others.
According to the report by Zion Market Research, the global alunite market is anticipated to attain a value of USD $3.95 billion by the year 2028 growing at a CAGR value of 3.4%.
Some of the significant players in the global alunite market include Sun Minerals, Pacer Corporation, Alunite Pretoria, Baslini, Det-Al Aluminum, Det-Al Aluminum, and Lincoln.
Asia Pacific accounts for the largest share in the global alunite market due to the growing investments to build wastewater treatment plants to reuse industrially processed water. Also, the government authorities are taking initiatives to provide safe and clean water to inhabitants, which will also complement the growth of the regional market.
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