Global Alunite Market
Alunite or Alum Stone is accessible in abundance in rock-forming sulfate mineral that take 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 was used as a source of potash (during World War I) and as a source of alumina (during World War II) for various applications. It is used extensively to make potash alum, which is used for treatment of water, aftershave treatment and has little known kitchen use.
Alum has several household and industrial applications too, in day-to-day purposes such as purification of drinking water has been possible with the use 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 is additionally used in manufacturing adjuvant for the vaccine (a chemical that enhances the immune response).
In FMCG and consumable items, alunite is used in the manufacturing of deodorants, and as a pickling agent to help keep pickles crisp. The property of alunite has also made it essential raw material in the manufacturing of fire-retardant.
In cosmetic business, alunite has found its involvement as an ingredient in production of depilatory waxes, skin bleaching agent and as an ingredient in some brands of dentifrice. Owing to its versatile usage and no breakthrough in inventing which may replace alunite, the demand of alunite is anticipated to grow from various industries.
Market Size and Forecast
The market is observing significant growth on account of its varied usage across industries. Further, increasing industrialization in the field of chemicals, pharmaceuticals and others is set to drive the demand for alunite. For instance, as stated by United Nations Industrial Development Organization, in 2017, Japan captured the majority shares in Competitive Industrial Performance (CPI) index followed by Germany and U.S., which reflects the productive capacity, intensity of industrialization and others. This indicates the increase in demand for alunites in various end use industry.
The global alunite market is anticipated to record a CAGR of around 4.15% over the forecast period i.e. 2019-2027. The market is segmented by end user industry into pharmaceuticals, FMCG, cosmetics and personal care and others, out of which, the cosmetics and personal care segment is expected to have the highest market share over the forecast period. CLICK TO DOWNLOAD FREE SAMPLE
Increased Application in Personal Care Industry
Increased usage 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. For instance, according to Indian Brand Equity Foundation (IBEF), the annual growth of the Indian deodorant market is 18% and was valued at USD 382.2 million in 2014.
Environmental Impacts Related to Mining
The recent prohibition pertaining to mining due to its undesirable impact in the environment and well as certain protection issues for miner’s are projected to hamper the growth of alunite market.
Our-in depth analysis of the global alunite market includes the following segments:
By End User Industry
By Product Type
On the basis of regional analysis, the global alunite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific is expected to lead the global alunite market on the back of increasing industrialization in the field of pharmaceuticals and derivatives which is having an extensive use for water treatment in these regions. Further, Europe is anticipated to showcase 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.
The global alunite market is further classified on the basis of region as follows:
Key Players Dominating the Market:
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