According to a recently published report by Research Nester on “Alunite Market: Global Demand Analysis & Opportunity Outlook 2019-2027” delivers detailed overview of the global alunite market in terms of market segmentation by end user industry (pharmaceuticals, FMCG, cosmetics and others); by product type (natroalunite, potassium alunite) and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The alunite market is segmented by end user industry (pharmaceuticals, FMCG, cosmetics and others); by product type (natroalunite, potassium alunite) and by regions.
Alunite or Alum stone is accessible in abundance in rock-forming sulfate mineral that takes up spaces or layers in volcanic rocks such as rhyolites, trachytes, and andesites, where it is composed gradually through a chemical reaction with escaping sulfurous vapor from molten lava. It is found in varying colors including yellow, red, reddish brown and others. It is utilized extensively to make potash alum, which is used for treatment of water, aftershave treatment and has little known kitchen use. Alum has different household and industrial applications too, in day-to-day purposes such as purification of drinking water which has been possible with the utilization of potassium alum. In many places, potassium alum is preferred to treat water instead of water purifiers and filters. In pharmaceuticals, alunite derivatives have a significant role in developing a chemical named flocculation, which is used in the manufacturing of styptic pencil. This pencil is applied on minor cuts and injuries to stop bleeding.
Alunite market is anticipated to mark a CAGR of 4.15% during the forecast period i.e. 2019-2027. Asia Pacific is expected to lead the global alunite market on the back of increasing industrialization in the field of pharmaceuticals and derivatives that have an extensive use for water treatment in these regions. Further, Europe is anticipated to observe significant growth on the back of growing consumption of personal care products in the region. North America is imparted with some of the largest alunite deposits and presence of industries which consume large amount of alunite in this region.
Escalation of utilization in the personal care industry:
Increased utilization in personal care and cosmetic industry is a major factor to boost the demand for alunite on the back of its abilities as a deodorant. Alunite is widely used in personal care products such as antiperspirant. It does not cause allergy, skin irritation, appearance of stains on clothes as it does not contain oil and coloring components.
This report also provides the existing competitive scenario of some of the key players of the global alunite market which includes company profiling of Sunminerals, Pacer Corporation, Imerys Ceramics, Alunite Pretoria, Baslini S.p.A., Det-Al Aluminium LLC, and Lincoln Co. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global alunite market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.