Global Sales of Aluminium Potassium Sulphate Is Expected To Accelerate At A Whopping 5.1% CAGR, Reaching US$ 81.3 Million by 2033
May 06, 2023
Escalating Demand for Cosmetics Products Likely to Boost the Aluminium Potassium Sulphate Market Growth
Rockville , June 07, 2023 (GLOBE NEWSWIRE) -- The global aluminium potassium sulphate market is set to reach a valuation of US$ 49.4 million in 2023 and is expected to grow at a CAGR of 5.1% during the forecast period of 2023-2033.
The global aluminium potassium sulphate market witnessing growth due to the surging demand from the pharmaceutical industry. Sulphate of potassium and aluminium is used as an astringent and antiseptic. Owing to these properties it is widely applicable in the pharmaceutical industry. Rising investment from governments across the globe in the pharmaceutical industry is likely to have a positive impact on the growth of the aluminium potassium sulphate market.
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In the recent period, demand for various types of cosmetics products has increased rapidly. Consumers increased spending on cosmetics and personal care products is considered the prime factor for the growth of the cosmetics market across the globe. This is anticipated to boost the demand for the aluminium potassium sulphate market during the forecast period, as it is widely used in the skincare products such as face powder, moisturizers, cleansing products, and many more.
Aluminium sulphate is also extensively used in the water purification process due to its coagulating leading properties. In the agriculture industry, aluminium potassium sulphate is known for enriching the potassium content in the soil when taken as a fertilizer.
Key Takeaways from Market Study
The global aluminium potassium sulphate market is projected to grow at 5.1% CAGR and reach US$ 81.3 million by 2033
The market witnessed a 4.3% CAGR between 2018 to 2022
The global aluminium potassium sulphate market is creating an absolute $ opportunity of US$ 34.2 million
China holds a prominent share in the global aluminium potassium sulphate market
Cosmetics end-use industry remains a key user of aluminium potassium sulphate driving the market growth
" Rising Government Activities in the Water Treatment Application to Boost the Aluminium Potassium Sulphate Demand in Coming Years " says a Fact.MR analyst.
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Key Companies Profiled in This Report
Thermo Fisher Scientific
Nanjing Jiayi Sunway Chemical
Zibo Dazhong Edible Chemical
Powder Pac Chem
Market Growth Strategies
Market players are focusing on research and development activities to introduce innovative aluminium potassium sulphate products with enhanced properties or new applications. This strategy helps them stay ahead in the market and cater to the evolving needs of customers.
Companies are also investing in expanding their production capacities to meet the growing demand for aluminium potassium sulphate. This strategy ensures an adequate supply of the product and allows them to serve a larger customer base.
Segmentation of Aluminium Potassium Sulphate Industry Research Report
By Form :
By End-use Industry :
Food & Beverage
By Region :
South Asia & Oceania
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the aluminium potassium sulphate market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of form (powder and crystal), end-use industry (water purification, pharmaceutical, cosmetics, food & beverage, paper, textile, agriculture, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa).
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About Fact.MR We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Contact: US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D) Connect to Author: Mr. Yash Pathak Email: [email protected] Sales Team: [email protected] Follow Us: LinkedIn | Twitter | YouTubeUS$ 49.4 million 5.1% Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=5351 Key Takeaways from Market Study 5.1% US$ 81.3 million 4.3% US$ 34.2 million " Rising Government Activities in the Water Treatment Application to Boost the Aluminium Potassium Sulphate Demand in Coming Years " Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=5351 Key Companies Profiled in This Report Market Growth Strategies Segmentation of Aluminium Potassium Sulphate Industry Research Report By Form : By End-use Industry : By Region : For in-depth competitive analysis, Buy Now: https://www.factmr.com/checkout/5351 More Valuable Insights on Offer Explore More Related Studies Published by Fact.MR Research: Zinc Sulphate Market Growth Outlook: Magnesium Sulfate Market Outlook: Potassium Formate Market Outlook: About Fact.MR Contact: Email: Sales Team: Follow Us: