Market Overview:
The global potassium met bisulfite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food grade potassium met bisulfite from the wine industry, beer industry, and food preservatives industry. In addition, the growing demand for pharmaceutical grade potassium met bisulfite from the photographic chemicals and others industries is also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent regulatory norms are restraining the growth of this market. On basis of type, food grade potassium met bisulfite accounted for a major share of the global potassium met bisulfite market in 2017. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its increasing use in wine production and other applications such as meat processing, bakery products etc.
Product Definition:
Potassium Met Bisulfite is a white crystalline powder that is used as an antioxidant, a preservative, and to control pH. It is also used in the production of wine and other alcoholic beverages.
Food Grade:
Food grade is the purest form of sodium metabisulfite, which is used as a preservative in food and beverages. It has wide applications in bakery products, canned vegetables & fruits, processed meat & fish and other such industries. The growth factor for this market is increasing demand from end-use industries like pharmaceuticals and textiles as it acts as an antimicrobial agent.
Industrial Grade:
Industrial grade is used in potassium met bisulfite for the production of polysulfide. Industrial grade sodium metabisulfite is a by-product obtained during the manufacturing of sulfuric acid and phosphoric acid. It has high demand as an intermediate in chemical formulations, which are further utilized to produce chemicals such as thiosulphate, alkyl halides, and other specialty chemicals.
Application Insights:
Wine industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The potassium met bisulfite process enhances the quality of wine by preventing oxidation, which otherwise may affect wine quality. It also helps maintain sulfate levels, which are required for proper fermentation of grapes to produce high-quality wines.
Beer industry is also expected to witness promising growth over next seven years owing to rising demand from emerging economies such as India, China and Brazil. In addition, increasing consumption of beer around the world is likely to boost market growth further. Moreover, regulatory support for alcoholic beverages including beer in developing countries will further propel its demand worldwide thereby driving potassium met bisulfite market growth from 2018 To 2030 ¢â‚¬Å“Beer Preservatives¢â‚¬ (Regulation (EUR) No 1169/2011).
Regional Analysis:
Europe potassium met bisulfite market led the global industry and accounted for over 35% of the total revenue in 2016. The region is expected to witness a significant growth owing to rising demand from end-use industries such as food preservatives, textile, pharmaceuticals, and photography.
The U.S., being one of the major wine producing countries in North America has increased its production output over recent years which has resulted in high consumption of Potassium Met Bisulfite by the wine industry across Europe and North America. Furthermore, increasing demand for potassium met bisulfite from other end-use industries such as photographic chemicals will drive regional product consumption further.
Growth Factors:
- Increasing demand from the food and beverage industry as a preservative
- Rising awareness about the benefits of potassium met bisulfite among consumers
- Growing use of potassium met bisulfite in personal care products
- Increasing demand for natural preservatives over synthetic preservatives
- Technological advancements that help improve the quality and performance of potassium met bisulfite
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Met Bisulfite Market Research Report
By Type
Food Grade, Industrial Grade, Pharmaceutical Grade
By Application
Wine Industry, Beer Industry, Food Preservatives Industry, Textile Industry, Photographic Chemicals, Others
By Companies
BASF SE, Murphy and Son, Esseco, Avantor Performance Chemicals, Aditya Birla Chemicals, Ram-Nath, Zibo Baida Chemical, Pat Impex, Jay Dinesh Chemicals, Imperial Oilfield Chemicals, BASF SE, Shakti Chemicals, Triveni Chemicals, Shalibhadra Group, Shandong Minde Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Met Bisulfite Market Report Segments:
The global Potassium Met Bisulfite market is segmented on the basis of:
Types
Food Grade, Industrial Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wine Industry, Beer Industry, Food Preservatives Industry, Textile Industry, Photographic Chemicals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Murphy and Son
- Esseco
- Avantor Performance Chemicals
- Aditya Birla Chemicals
- Ram-Nath
- Zibo Baida Chemical
- Pat Impex
- Jay Dinesh Chemicals
- Imperial Oilfield Chemicals
- BASF SE
- Shakti Chemicals
- Triveni Chemicals
- Shalibhadra Group
- Shandong Minde Chemical
Highlights of The Potassium Met Bisulfite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- By Application:
- Wine Industry
- Beer Industry
- Food Preservatives Industry
- Textile Industry
- Photographic Chemicals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Met Bisulfite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium met bisulfite is a chemical compound that is used in the paper and pulp industry to fix ink.
Some of the key players operating in the potassium met bisulfite market are BASF SE, Murphy and Son, Esseco, Avantor Performance Chemicals, Aditya Birla Chemicals, Ram-Nath, Zibo Baida Chemical, Pat Impex, Jay Dinesh Chemicals, Imperial Oilfield Chemicals, BASF SE, Shakti Chemicals, Triveni Chemicals, Shalibhadra Group, Shandong Minde Chemical.
The potassium met bisulfite market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Met Bisulfite Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potassium Met Bisulfite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Met Bisulfite Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potassium Met Bisulfite Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potassium Met Bisulfite Market Size & Forecast, 2018-2028
4.5.1 Potassium Met Bisulfite Market Size and Y-o-Y Growth
4.5.2 Potassium Met Bisulfite Market Absolute $ Opportunity
Chapter 5 Global Potassium Met Bisulfite Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Potassium Met Bisulfite Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Industrial Grade
5.2.3 Pharmaceutical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Potassium Met Bisulfite Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Potassium Met Bisulfite Market Size Forecast by Applications
6.2.1 Wine Industry
6.2.2 Beer Industry
6.2.3 Food Preservatives Industry
6.2.4 Textile Industry
6.2.5 Photographic Chemicals
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Met Bisulfite Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potassium Met Bisulfite Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Potassium Met Bisulfite Analysis and Forecast
9.1 Introduction
9.2 North America Potassium Met Bisulfite Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Potassium Met Bisulfite Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Industrial Grade
9.6.3 Pharmaceutical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Potassium Met Bisulfite Market Size Forecast by Applications
9.10.1 Wine Industry
9.10.2 Beer Industry
9.10.3 Food Preservatives Industry
9.10.4 Textile Industry
9.10.5 Photographic Chemicals
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Potassium Met Bisulfite Analysis and Forecast
10.1 Introduction
10.2 Europe Potassium Met Bisulfite Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Potassium Met Bisulfite Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Industrial Grade
10.6.3 Pharmaceutical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Potassium Met Bisulfite Market Size Forecast by Applications
10.10.1 Wine Industry
10.10.2 Beer Industry
10.10.3 Food Preservatives Industry
10.10.4 Textile Industry
10.10.5 Photographic Chemicals
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Potassium Met Bisulfite Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Potassium Met Bisulfite Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Potassium Met Bisulfite Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Industrial Grade
11.6.3 Pharmaceutical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Potassium Met Bisulfite Market Size Forecast by Applications
11.10.1 Wine Industry
11.10.2 Beer Industry
11.10.3 Food Preservatives Industry
11.10.4 Textile Industry
11.10.5 Photographic Chemicals
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Potassium Met Bisulfite Analysis and Forecast
12.1 Introduction
12.2 Latin America Potassium Met Bisulfite Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Potassium Met Bisulfite Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Industrial Grade
12.6.3 Pharmaceutical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Potassium Met Bisulfite Market Size Forecast by Applications
12.10.1 Wine Industry
12.10.2 Beer Industry
12.10.3 Food Preservatives Industry
12.10.4 Textile Industry
12.10.5 Photographic Chemicals
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Potassium Met Bisulfite Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Potassium Met Bisulfite Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Potassium Met Bisulfite Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Industrial Grade
13.6.3 Pharmaceutical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Potassium Met Bisulfite Market Size Forecast by Applications
13.10.1 Wine Industry
13.10.2 Beer Industry
13.10.3 Food Preservatives Industry
13.10.4 Textile Industry
13.10.5 Photographic Chemicals
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potassium Met Bisulfite Market: Competitive Dashboard
14.2 Global Potassium Met Bisulfite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Murphy and Son
14.3.3 Esseco
14.3.4 Avantor Performance Chemicals
14.3.5 Aditya Birla Chemicals
14.3.6 Ram-Nath
14.3.7 Zibo Baida Chemical
14.3.8 Pat Impex
14.3.9 Jay Dinesh Chemicals
14.3.10 Imperial Oilfield Chemicals
14.3.11 BASF SE
14.3.12 Shakti Chemicals
14.3.13 Triveni Chemicals
14.3.14 Shalibhadra Group
14.3.15 Shandong Minde Chemical
