Aluminum Potassium Sulfate Market: Introduction
In terms of value, the global aluminum potassium sulfate market is anticipated to expand at a CAGR of ~4% from 2020 to 2030 and cross US$ 70 Mn by 2030. 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.
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Aluminum Potassium Sulfate Market: 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.
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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.
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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.
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Aluminum Potassium Sulfate Market: 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.
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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.
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