Future Market Insights
Nonprofessional also knows alunite as Alum Stone. Alunite is available widespread in rock-forming sulfate mineral that occupies pockets or seams in volcanic rocks such as rhyolites, trachytes, and andesites, where it is formed gradually through a chemical reaction with escaping sulfurous vapor from molten lava. The uses of Alunite has been for a long time. It was used as a source of potash (during World War I) and as a source of alumina (during World War II) to be utilized for various purposes. In Europe, it was used extensively to make potash alum, which is use for treatment of water, aftershave treatment and has little kitchen use. For these purposes, it has been mined since the 15th century. Its derivatives have an extensive use in various industries, which makes alunite a lucrative market, and over the forecast period, it will exhibit a substantial market share.
Alunite Market: Drivers and Restraints
Alum has several household and industrial uses. Researchers have been able to introduce the derivatives of alum for various purposes. Potassium alum one of the derivatives of alunite is use in various purposes. In day-to-day life purposes such as purification of drinking water has been possible with the use of potassium alum from a very long time. In many places even now potassium alum is preferred to treat water instead of water purifiers and filters. In pharmaceuticals, alunite derivatives have a significant in developing a chemical named flocculation, which is used in the manufacturing of styptic pencil. This pencil can stop bleeding when applied to minor cuts; alunite is also used in making adjuvant for the vaccine ( a chemical that enhances the immune response). In FMCG and consumable items, alunite is use as a key ingredient in the manufacturing of deodorant, 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 flame retardant. In cosmetic industry, alunite has found its involvement as an ingredient in the manufacturing of some depilatory (hair removal) waxes, skin whitener and as an ingredient in some brands of toothpaste. Owing to its versatile usage and no breakthrough in inventing something, which can replace alunite, the demand of alunite is expected to grow from a wide range of industries where it has it uses will drive the alunite market.
The Recent ban on mining due to its negative impact on the environment, miner’s safety issues are few possible restraints for the growth of Alunite market.
Alunite Market: Market Segmentation
Based on the end user industry, Alunite market can be segmented into:
Global Alunite Market: Regional Outlook
Based on the geographic regions, global Alunite market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and the Middle East & Africa. Among the regions mentioned above, North America will dominate the alunite market over the forecast period. This is because North America region is bestowed with some largest alunite deposits and various industries which consume large no of alunite is also established in this particular region. Next to North America, APEJ has the most demand for alunite. The countries such as China, India, and South Korea will be the key contributor to the growth of Alunite market. In India, alunite derivatives have an extensive use in water treatment mostly, personal care, etc., which will boost the growth of alunite market in APEJ. In Western Europe and Eastern Europe, alunite market is growing too; it has found its extensive use in pharmaceuticals and other applications. Alunite market in Japan has also gained momentum; chemical industries, pharmaceuticals, etc. are driving the alunite market in Japan. A region such as Latin America and MEA, the alunite market has not grown in comparison to other regions. It has limited usage. Over the forecast period, it is anticipated the alunite market in MEA & Latin America will be on par with the remaining regions.
Alunite: Key Players
The major players identified in the global Alunite derivatives market includes:
The report covers exhaustive analysis on:
Regional analysis for market includes: