Global alum and calcium salts market was valued at USD 3825.01 million in 2021 and is expected to reach USD 4883.71 million by 2029, registering a CAGR of 3.1% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Alum and calcium salts are basically the type of inorganic salts. A salt that does not have any organic ions or carbon atoms is said to be inorganic. On the basis of their functions, each and every classification of inorganic salt is once more differentiated. All metal-containing compounds, including those found in living systems, are typically included in the current definition of inorganic substances.
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Global Alum and Calcium Salts Market Scope
The alum and calcium salts market is segmented on the basis of source, form, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Natural
- Commercial
Form
- Solid
- Liquid
- Gas
Application
- Food Additive
- Astringent
- Mordant
- Hardening Agent
- Others
End User
- Pharmaceutical
- Agriculture
- Food and Beverage
- Personal Care
- Textile
- Paper
- Chemical
- Others
Alum and Calcium Salts Market Regional Analysis/Insights
The alum and calcium salts market is analyzed and market size insights and trends are provided by country, source, form, end user and application as referenced above.
The countries covered in the alum and calcium salts market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the succeeding in business demand from various end-use purposes within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing expenses on architectural advancements by management in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Alum and Calcium Salts Market Share Analysis
The alum and calcium salts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alum and calcium salts market.
Some of the major players operating in the alum and calcium salts market are
- Merck KGaA (Germany)
- Holland Company, Inc. (U.S.)
- Thermo Fisher Scientific (U.S.)
- CCB Baslini (Italy)
- Nanjing Jiayi Sunway Chemical Co. Ltd. (China)
- Keg River Chemical Corp. (Canada)
- Occidental Petroleum Corporation (U.S.)
- Auro Chemical (India)
- MFC Industrial (Thailand)
- Qingdao ECHEMI Technology Co., Ltd. (China)
- Ward Chemicals (Canada)
- Sulaksh Chemicals (India)
- Weifang Haibin Chemical Co., Ltd. (China)
- B. J. Services (U.S.)
- PVS Chemicals (U.S.)
- Aditya Birla Management Corporation Pvt. Ltd. (India)
Alum and Calcium Salts Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
In food and processing, the commodity is used to improve the stability and appearance of berries and greens. It has other uses in the food and beverage industry, including removing sodium alkalinity from the liquid used in the formation of fermented drinks, increasing the volume and durability of curds in cheese composition, and acting as a refrigerant. The product is utilized by manufacturers of food, beverages, and ornaments because to specific properties. Hence driving the market's expansion.
Furthermore, the product's ability to act as a bitter aids in the dye's strong adhesion to a fabric or fibers, which is another noteworthy feature. As a result, it is used experimentally in paper and compound capital, which will further propel the growth rate of alum and calcium salts market. Additionally, the expansion of end use industries and its use as a fertilizer to enhance the potassium value in the soil will also drive market value growth.
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Opportunities
- Increasing Investments and Awareness
Furthermore, there has been significant investments in research and development activities within the biotechnology which further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing awareness about the benefits of alum and calcium salts will further expand the future growth of the alum and calcium salts market.
Restraints/Challenges
- Drawbacks of Inorganic Salts
The disadvantages of the alum and calcium salts further creates hindrances for the growth of the alum and calcium salts market. The calcium salts for instance, can cause milk-alkali syndrome, alkalosis, hypercalcemia, and renal insufficiency after a prolonged usage. Acute symptoms include headache, nausea, irritability, and weakness, whereas chronic symptoms include uremia, alkalosis, and hypercalcemia.
- Negative Impact of COVID-19
There has been a hit in the demand and supply, with the rising number of restrictions around the globe due to pandemic. Also, the fluctuations in the prices of raw materials due to the covid-19 will prove to be a demerit for the alum and calcium salts market. Therefore, this factor will challenge the alum and calcium salts market growth rate.
This alum and calcium salts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alum and calcium salts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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