Market Overview:
The global potassium hydrogen sulfite 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 potassium hydrogen sulfite from various applications such as chemicals, pharmaceuticals, leather, photography, food, wastewater treatment and textiles. In addition, the growing demand for potassium hydrogen sulfite from emerging economies is also contributing to the growth of this market. However, factors such as volatility in prices and availability of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
A powder or crystals used to make a weak solution of sulfur dioxide gas. It is used as an antioxidant, to control the growth of molds and yeasts in foods, and as a fumigant.
Food grade:
Food grade is used for the production of various food products such as meat, poultry, seafood and processed foods. It is also used in pharmaceuticals and dietary supplements. The growth factor in this market is increasing demand from end-use industries such as animal feed industry which has led to a rise in demand for food grade hydrogen sulfite.
Photo grade:
Photo grade is a type of Potassium Hydrogen Sulfite (KHS) which has been processed to remove impurities. It contains purest form of KHS with no other additive mixed in it. Photo grade is used for photographic processing, whereas industrial grade is used in various end-use industries such as wood pulp and paper, rubber & plastic, printing ink and photography among others.
Application Insights:
The potassium hydrogen sulfite market is segmented on the basis of application into chemicals, leather, photography, food, wastewater treatment textiles paper & pulp and pharmaceuticals. The chemicals segment dominated the global industry in terms of revenue share at over 40% in 2017. This high share is attributable to its extensive use as a chemical intermediate for various applications such as fertilizers and paints among others. Potassium hydrosulfite when mixed with sulfuric acid forms an effective disinfectant against bacteria including salmonella and staphylococcus which are often found in water or soil contamination. It also has significant uses as a preservative in several industries including food processing where it acts as an antioxidant protecting the product from oxidation thus maintaining its freshness for a longer period of time.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of potassium hydrosulfite consumption, which can be attributed to large-scale production of food products as well as chemicals. China is one of the major producers and consumers of potassium hydrosulfite globally. In addition, rising demand for packaged food products in India owing to increasing disposable income coupled with growing health awareness will drive product consumption in this region over the forecast period.
Europe accounted for more than 20% share of global revenue in 2017 on account that it has been observed that approximately 50% - 70% concentration readings have been reported from some European countries against legal limits set by EU Parliament resolutions (EPO).
Growth Factors:
- Increasing demand from food and beverage industry for preservative and antioxidant properties of potassium hydrogen sulfite is expected to drive the growth of the market over the forecast period.
- Rising awareness about benefits of potassium hydrogen sulfite among consumers is another key factor that is anticipated to fuel the growth of this market in near future.
- Growing use of potassium hydrogen sulfite in various applications such as pulp & paper, textile, leather, and cosmetics industries is also projected to boost the demand for this product in coming years.
- Stringent regulations imposed by government agencies regarding food additives are likely to create new opportunities for potassium hydrogen sulfite market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Hydrogen Sulfite Market Research Report
By Type
Food grade, Photo grade, Technical grade
By Application
Chemicals, Pharmaceutical, Leather, Photography, Food, Wastewater, Textiles, Paper & pulp
By Companies
Aditya Birla Chemicals, Sigma-Aldrich, Chemtex Speciality, BASF, Murphy and Son, ...
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Hydrogen Sulfite Market Report Segments:
The global Potassium Hydrogen Sulfite market is segmented on the basis of:
Types
Food grade, Photo grade, Technical 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
Chemicals, Pharmaceutical, Leather, Photography, Food, Wastewater, Textiles, Paper & pulp
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:
- Aditya Birla Chemicals
- Sigma-Aldrich
- Chemtex Speciality
- BASF
- Murphy and Son
- ...
Highlights of The Potassium Hydrogen Sulfite 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
- Photo grade
- Technical grade
- By Application:
- Chemicals
- Pharmaceutical
- Leather
- Photography
- Food
- Wastewater
- Textiles
- Paper & pulp
- 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 Hydrogen Sulfite 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 Hydrogen Sulfite is a white crystalline powder that is used as a food additive. It has the chemical formula KHSO4 and it is also known by the trade name Potasium Hydrogen Sulfite. This compound is most commonly used in baking to help prevent bread from going stale.
Some of the key players operating in the potassium hydrogen sulfite market are Aditya Birla Chemicals, Sigma-Aldrich, Chemtex Speciality, BASF, Murphy and Son.
The potassium hydrogen sulfite market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Hydrogen Sulfite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Hydrogen Sulfite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Hydrogen Sulfite Market - Supply Chain
4.5. Global Potassium Hydrogen Sulfite Market Forecast
4.5.1. Potassium Hydrogen Sulfite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Hydrogen Sulfite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Hydrogen Sulfite Market Absolute $ Opportunity
5. Global Potassium Hydrogen Sulfite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
5.3.1. Food grade
5.3.2. Photo grade
5.3.3. Technical grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Hydrogen Sulfite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
6.3.1. Chemicals
6.3.2. Pharmaceutical
6.3.3. Leather
6.3.4. Photography
6.3.5. Food
6.3.6. Wastewater
6.3.7. Textiles
6.3.8. Paper & pulp
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Hydrogen Sulfite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Hydrogen Sulfite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Hydrogen Sulfite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Hydrogen Sulfite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Hydrogen Sulfite Demand Share Forecast, 2019-2029
9. North America Potassium Hydrogen Sulfite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
9.4.1. Chemicals
9.4.2. Pharmaceutical
9.4.3. Leather
9.4.4. Photography
9.4.5. Food
9.4.6. Wastewater
9.4.7. Textiles
9.4.8. Paper & pulp
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
9.7.1. Food grade
9.7.2. Photo grade
9.7.3. Technical grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Hydrogen Sulfite Demand Share Forecast, 2019-2029
10. Latin America Potassium Hydrogen Sulfite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
10.4.1. Chemicals
10.4.2. Pharmaceutical
10.4.3. Leather
10.4.4. Photography
10.4.5. Food
10.4.6. Wastewater
10.4.7. Textiles
10.4.8. Paper & pulp
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
10.7.1. Food grade
10.7.2. Photo grade
10.7.3. Technical grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Hydrogen Sulfite Demand Share Forecast, 2019-2029
11. Europe Potassium Hydrogen Sulfite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Hydrogen Sulfite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
11.4.1. Chemicals
11.4.2. Pharmaceutical
11.4.3. Leather
11.4.4. Photography
11.4.5. Food
11.4.6. Wastewater
11.4.7. Textiles
11.4.8. Paper & pulp
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
11.7.1. Food grade
11.7.2. Photo grade
11.7.3. Technical grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Hydrogen Sulfite Demand Share, 2019-2029
12. Asia Pacific Potassium Hydrogen Sulfite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Hydrogen Sulfite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
12.4.1. Chemicals
12.4.2. Pharmaceutical
12.4.3. Leather
12.4.4. Photography
12.4.5. Food
12.4.6. Wastewater
12.4.7. Textiles
12.4.8. Paper & pulp
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
12.7.1. Food grade
12.7.2. Photo grade
12.7.3. Technical grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Hydrogen Sulfite Demand Share, 2019-2029
13. Middle East & Africa Potassium Hydrogen Sulfite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Hydrogen Sulfite Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Hydrogen Sulfite Market Size and Volume Forecast by Application
13.4.1. Chemicals
13.4.2. Pharmaceutical
13.4.3. Leather
13.4.4. Photography
13.4.5. Food
13.4.6. Wastewater
13.4.7. Textiles
13.4.8. Paper & pulp
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Hydrogen Sulfite Market Size and Volume Forecast by Type
13.7.1. Food grade
13.7.2. Photo grade
13.7.3. Technical grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Hydrogen Sulfite Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Potassium Hydrogen Sulfite Market: Market Share Analysis
14.2. Potassium Hydrogen Sulfite Distributors and Customers
14.3. Potassium Hydrogen Sulfite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aditya Birla Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sigma-Aldrich
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chemtex Speciality
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Murphy and Son
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ...
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
