Potassium Metabisulfite Market by Application (Wine Industry, Beer Industry, Food Preservatives, Textile Industry, Photographic Chemicals, & Others) - Global Forecast to 2020
Potassium metabisulfite is a white crystalline powder and has a strong sulfur odor. Potassium metabisulfite is a disulfite and has got a melting point of 374 degrees Fahrenheit. The chemical has some potential dangers associated with it like exposure to this substance includes severe burning and damage to eyes, irritation and reddening of skin and difficulty in breathing. The potassium metabisulfite market, by application has been broadly segmented into six categories namely, wine industry, beer industry, food preservatives, textile industry, photographic chemicals, and others. The wine and beer industry is the largest market for potassium metabisulfite. Both the wine and beer industry together accounted for approximately 65.5% of the global potassium metabisulfite market in 2014 in terms of volume. The global potassium metabisulfite market is largely driven by the increasing demand for wine and beer. Also, increased demand for food preservatives is expected to drive the demand for the chemical. The largest consumers of potassium metabisulfite are Italy, France, the U.S., and Turkey.
This report aims to estimate the global market of potassium metabisulfite in 2014 and to project the expected demand of the same till 2020. This market research study provides a detailed qualitative and quantitative analysis of the global market. The research methodology of the report involved the utilization of various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources – experts from related industries and suppliers were interviewed to obtain and verify critical information as well as to assess the future prospects of the potassium metabisulfite market.
Competitive developments of top players in the potassium metabisulfite market have been discussed in detail. The leading players of the industry are BASF SE, Murphy and Son Ltd., Avantor Performance Chemicals, and Aditya Birla Chemicals Thailand, among others.
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The global potassium metabisulfite market is analyzed in terms of volume (Tons) and value (USD million) by these aforementioned classifications.
By Application
- Beer
- Wine
- Food Preservatives
- Textile Industry
- Photographic Chemicals
- Others
By Region
- Asia-Pacific
- Europe
- North America
- Rest of the World
The potassium metabisulfite market in terms of value is estimated to grow from USD 355.5 Million in 2015 to USD 436.3 Million in 2020 and is expected to register a CAGR of 4.2% Europe dominates the market in terms of consumption of potassium metabisulfite. The increased demand for wine, beer and food preservatives in countries of this region is the major driver of potassium metabisulfite. Europe is estimated to grow at a moderate rate; this can be attributed to the demand for wine and beer industries in European nations.
Potassium metabisulfite based on the application can be categorized into wine industry, beer industry, food preservatives industry, textile industry, photographic chemicals, and others. The wine and beer industry is the dominant segment amongst all other application. It is because of the huge demand of wine and beer on global scale. The Asia-Pacific region is the fastest growing region for potassium metabisulfite from 2015 to 2020. The growth in Asia-Pacific is primarily driven by China, South Korea and India. The growth of the food preservatives industry, wine industry, beer industry, etc. are driving the demand for potassium metabisulfite in the region. The consumption of potassium metabisulfite in Asia-Pacific is very less compared to developed regions. In the Asia-Pacific region increasing population and their demands accompanied with initiatives for new technologies and products are projected to make the region an ideal destination for the potassium metabisulfite industry to grow. Improved lifestyle, increasing cost of living, with increasing population are estimated to help industries such as wine, beer, food preservatives industries to flourish in developing regions, and thereby help the potassium metabisulfite industry to grow.
Italy, Turkey, and France accounts for 64.0% of the total potassium metabisulfite market in the European region. Italy is the fastest growing nation for the demand of potassium metabisulfite in the European region and is followed by France and Turkey. The Wine industry is the fastest growing industry for the demand of potassium metabisulfite. The region is the hub for the large production volumes of wine and beer and also the consumption rate of alcoholic beverages are very high. Another important factor that boosts the demand for potassium metabisulfite is the food regulation imposed by the government and European Food Safety Authority. The food preservatives industry is also growing with a good rate because of the regulations and also the growing demand for frozen food in the region
The potassium metabisulfite market has a large number of players. This includes both global and domestic players.
Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Years Considered in the Report
1.3 Currency and Pricing
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 13)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions
3 Executive Summary (Page No. - 21)
4 Premium Insights (Page No. - 23)
4.1 Attractive Opportunities in the Potassium Metabisulfite Market
4.2 Potassium Metabisulfite Demand in Various Application (2015–2020)
4.3 Global Potassium Metabisulfite Market: Countries With A High CAGR
4.4 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 25)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Application
5.2.2 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Wine and Beer Industry
5.3.1.2 Increase in Population in the Asia-Pacific Region
5.3.1.3 Change in Preference of Drinking
5.3.2 Restraints
5.3.2.1 High Manufacturing Costs
5.3.3 Opportunities
5.3.3.1 Growth of Food Preservatives Industry
5.3.3.2 Increasing Demand for Beer and Wine With Growth in Population
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
6 Potassium Metabisulfite Market, By Application (Page No. - 32)
6.1 Introduction
6.2 Market Size and Projection
6.2.1 Growth in Consumption of Beer is Driving the Potassium Metabisulfite Demand
6.3 Wine Industry
6.4 Beer Industry
6.5 Food Preservatives
6.6 Textile Industry
6.7 Photographic Chemicals
6.8 Others (Leather Industries and Color & Fixer Developers)
7 Potassium Metabisulfite Market, Regional Analysis (Page No. - 39)
7.1 Introduction
7.1.1 Growing Wine and Beer Industry Have Made the European Region as the Largest Market
7.2 Asia-Pacific
7.2.1 India to Register the Highest Growth in Asia-Pacific
7.2.2 China
7.2.3 India
7.2.4 Japan
7.2.5 South Korea
7.2.6 Rest of Asia-Pacific
7.3 North America
7.3.1 the U.S. is the Largest Market in North America in 2015
7.3.2 U.S.
7.3.3 Canada
7.3.4 Mexico
7.4 Europe
7.4.1 Italy to Witness Highest Growth in Europe
7.4.2 Germany
7.4.3 U.K.
7.4.4 France
7.4.5 Italy
7.4.6 Spain
7.4.7 Turkey
7.4.8 Rest of Europe
7.5 Rest of the World
7.5.1 Africa
7.5.2 South America
8 Company Profiles (Page No. - 64)
(Overview, Financial*, Products & Services, Strategy, and Developments)
8.1 BASF SE
8.2 Aditya Birla Chemicals, Thailand
8.3 Murphy & Son Ltd
8.4 Laffort
8.5 Alkaloid Ad
8.6 ALFA Aesar
8.7 Jay Dinesh Chemicals
8.8 Ever S.R.L.
8.9 Avantor Performance Materials
8.10 Feedway Europe NV
*Details Might Not Be Captured in Case of Unlisted Companies.
List of Tables (43 Tables)
Table 1 Potassium Metabisulfite Market Size, By Application, 2013–2020 (Kiloton)
Table 2 Potassium Metabisulfite Market Size, By Application, 2013–2020 (USD Million)
Table 3 Potassium Metabisulfite Market Size in Wine Industry, By Region, 2013–2020 (Kiloton)
Table 4 Potassium Metabisulfite Market Size in Beer Industry, By Region, 2013–2020 (Kiloton)
Table 5 Potassium Metabisulfite Market Size in Food Preservatives, By Region, 2013–2020 (Kiloton)
Table 6 Potassium Metabisulfite Market Size in Textile Industry, By Region, 2013–2020 (Kiloton)
Table 7 Potassium Metabisulfite Market Size in Photographic Chemicals, By Region, 2013–2020 (Kiloton)
Table 8 Potassium Metabisulfite Market Size in Other Industries, By Region, 2013–2020 (Kiloton)
Table 9 Potassium Metabisulfite Market Size, By Region, 2012–2020 (Kiloton)
Table 10 Potassium Metabisulfite Market Size, By Region, 2012–2020 (USD Million)
Table 11 Asia-Pacific: Potassium Metabisulfite Market Size, By Country, 2012–2020 (Kiloton)
Table 12 Asia-Pacific: Potassium Metabisulfite Market Size, By Country, 2012–2020 (USD Million)
Table 13 Asia-Pacific: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 14 Asia-Pacific: Potassium Metabisulfite Market Size, By Application, 2012–2020 (USD Million)
Table 15 China: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 16 India: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 17 Japan: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 18 South Korea: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 19 Rest of Asia-Pacific: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 20 North America: Potassium Metabisulfite Market Size, By Country, 2012–2020 (Kilotons)
Table 21 North America: Potassium Metabisulfite Market Size, By Country, 2012–2020 (USD Million)
Table 22 North America: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 23 North America: Potassium Metabisulfite Market Size, By Application, 2012–2020 (USD Million)
Table 24 U.S.: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 25 Canada: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 26 Mexico: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 27 Europe: Potassium Metabisulfite Market Size, By Country, 2012–2020 (Kiloton)
Table 28 Europe: Potassium Metabisulfite Market Size, By Country, 2012–2020 (USD Million)
Table 29 Europe: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 30 Europe: Potassium Metabisulfite Market Size, By Application, 2012–2020 (USD Million)
Table 31 Germany: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 32 U.K.: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 33 France: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 34 Italy: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 35 Spain: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 36 Turkey: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 37 Rest of Europe: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 38 RoW: Potassium Metabisulfite Market Size, By Country, 2012–2020 (Kiloton)
Table 39 RoW: Potassium Metabisulfite Market Size, By Country, 2012–2020 (USD Million)
Table 40 RoW: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 41 RoW: Potassium Metabisulfite Market Size, By Application, 2012–2020 (USD Million)
Table 42 Africa: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
Table 43 South America: Potassium Metabisulfite Market Size, By Application, 2012–2020 (Kiloton)
List of Figures (18 Figures)
Figure 1 Potassium Metabisulfite Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Potassium Metabisulfie Market: Data Triangulation
Figure 5 Global Potassium Metabisulfite Market Size, By Region, 2015 (Kiloton)
Figure 6 Lucrative Opportunities in the Potassium Metabisulfite Market
Figure 7 Wine & Beer Industry Accounts for the Majority Share in the Volumetric Demand for Potassium Metabisulfite in 2015
Figure 8 Lucrative European Market for Potassium Metabisulfite
Figure 9 Asia-Pacific to Register High Growth for Potassium Metabisulfite (2015–2020)
Figure 10 Overview of the Forces Affecting the Potassium Metabisulfite Market
Figure 11 Porter’s Five Forces Analysis (2014)
Figure 12 Wine Industry to Witness the Highest Demand (2015)
Figure 13 Regional Snapshot (2015–2020) – Rapidly Growing Markets are Emerging as Strategic Locations
Figure 14 Asia-Pacific Market Snapshot: China and India are the Most Lucrative Markets
Figure 15 North America Market Snapshot: Wine and Beer Industries to Capture Majority of the Market Share
Figure 16 BASF SE.: Company Snapshot
Figure 17 BASF SE: SWOT Analysis
Figure 18 Aditya Birla Chemicals Thailand: SWOT Analysis
Growth opportunities and latent adjacency in Potassium Metabisulfite Market