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The potassium hydrogen sulfite market size is forecast to increase by USD 49.4 million at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to rising disposable income and changing lifestyle trends. The increase in consumer preference for processed and packaged food products, particularly in developing economies, is driving market demand. Moreover, the growth of the wine and spirits industry is another key factor fueling market growth. However, the potential adverse effects of potassium hydrogen sulfite on human health and wellness and the environment pose a challenge to market growth. Regulations and stringent safety measures are being implemented to mitigate these concerns, ensuring the sustainable growth of the market. The market is expected to witness steady growth in the coming years, with key applications including food and beverage processing, pharmaceuticals, and textile industries.
Potassium hydrogen sulfite, also known as potassium bisulfite, is a crucial inorganic chemical compound with the formula KHSO3. This white crystalline powder is widely used in various industries due to its unique properties. In the photographic industry, potassium hydrogen sulfite acts as a reducing agent, preventing the oxidation of silver halides during the development process. In the food industry, potassium hydrogen sulfite functions as a preservative and natural antioxidant, extending the shelf life of various food products. It is used in bread production to improve dough conditioning and in beer production to prevent oxidation. However, it may impart a sulfur odor and can cause SO2 liberation, which can be a concern for respiratory diseases such as bronchitis and asthma. In the chemical industry, potassium hydrogen sulfite is used in waste water treatment, detergents, textiles, and paper making. It is also used as a biodegradable substitute for other harsh chemicals. Despite its benefits, the use of potassium hydrogen sulfite is regulated due to its potential health risks. In recent years, there has been a growing trend towards using natural and organic alternatives in food additives. Therefore, the demand for potassium hydrogen sulfite is expected to decrease in the food additives market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The food grade segment is estimated to witness significant growth during the forecast period. Potassium Hydrogen Sulfite, also known as Potassium Bisulfite, is a crucial inorganic chemical compound with the formula KHSO3. This versatile compound is widely used in various industries due to its unique properties. In the Photographic Industries, Potassium Hydrogen Sulfite functions as a reducing agent and a stabilizer.
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The food grade segment was the largest segment and was valued at USD 84.90 million in 2018. Moreover, Potassium Hydrogen Sulfite plays a significant role in Water Treatment and Textiles, where it acts as a bleaching agent and a sulfur-fixing agent. In the Chemical Industry, it is used as a reducing agent and a stabilizer in various applications. In Natural and Organic Foods, biodegradable substitutes for Potassium Hydrogen Sulfite are being researched to replace it due to health concerns associated with its use, particularly in the context of respiratory diseases like bronchitis and asthma. Hence, such factors are fuelling the growth of this segment during the forecast period.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Potassium Hydrogen Sulfite, also known as Potassium Bisulfite, is a vital inorganic chemical compound extensively used in various industries. It is characterized by the presence of sulfur and potassium, which imparts a distinctive sulfur odor and the ability to liberate SO2 upon contact with water. In the chemicals industry, Potassium Hydrogen Sulfite functions as an antioxidant and preservative in Food and Photo grades. It inhibits bacterial growth in wine production and enhances flavor in the brewery industry. Hence, such factors are driving the market in APAC during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in disposable income and change in lifestyle is notably driving market growth. Factors such as rising dual household income, per capita income, and employment rates have contributed to this growth. This increasing disposable income is expected to boost the demand for Potassium Hydrogen Sulfite in various industries, including commercial and industrial applications, such as detergents, paper making, water treatment, and as a food additive.
Moreover, the versatile nature of Potassium Hydrogen Sulfite, available in forms such as Purity Powder, Granular, Liquid, Technical Grade, Food Grade, and Pharmaceutical Grade, caters to diverse industries. Its nontoxic properties make it suitable for use in bread production, beer production, and as a pH regulator. The market for Potassium Hydrogen Sulfite is expected to continue its growth trajectory in the coming years, driven by the increasing purchasing power of consumers and the expanding applications of this versatile chemical in various industries. Thus, such factors are driving the growth of the market during the forecast period.
Growth of wine industry is the key trend in the market. The market encompasses various forms, including Purity grades of Powder, Granular, and Liquid. This versatile chemical compound is utilized in diverse industries, such as Industrial, Commercial, Residential, Detergents, Paper making, Water treatment, and Food industries. In the Food sector, it functions as a Food Additive, contributing to Bread production and Beer production.
Its nontoxic nature makes it a preferred choice as a pH regulator. The Technical, Food Grade, and Pharmaceutical Grades hold significance in different applications. The millennial population, aged 18-34, with their increasing preference for a wide array of alcoholic beverages, is fueling the market growth. Wine tourism, a burgeoning trend, offers wine tastings, vineyard visits, and additional benefits, boosting the demand for conventional and organic wines. Thus, such trends will shape the growth of the market during the forecast period.
Adverse effects of potassium hydrogen sulfite is the major challenge that affects the growth of the market. Potassium hydrogen sulfite is a widely utilized additive in various industries, including food, pharmaceutical, and industrial sectors. Available in forms such as powder, granular, and liquid, this compound is employed primarily as a preservative and antioxidant. In the food industry, it functions as a pH regulator and a nontoxic sulfiting agent in detergent bleaches, beverages, baked goods like bread, and beer production.
In paper making and water treatment, potassium hydrogen sulfite serves as a reducing agent. However, it is essential to note that this compound can induce adverse effects in sensitive individuals. Clinical symptoms range from dermatitis, urticaria, flushing, hypotension, abdominal pain, and diarrhea to severe anaphylactic and asthmatic reactions. These effects can stem from food consumption or pharmaceutical use, as well as occupational exposure. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Management Corp. Pvt. Ltd: The company offers potassium hydrogen sulfite for photography, food and water treatment.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Potassium hydrogen sulfite, also known as potassium bisulfite, is a vital inorganic chemical compound with the formula KHSO3. This white crystalline powder is widely used in various industries due to its unique properties as a reducing agent, stabilizer, and antioxidant. In the photographic industries, potassium hydrogen sulfite serves as a bleaching agent and a preservative for photographic emulsions. In food and beverage applications, it is used as a preservative, flavor enhancer, and bacterial growth inhibitor in wine production, brewery industry, and packaged foods. In the field of water treatment, potassium hydrogen sulfite is employed to remove sulfur odor and prevent SO2 liberation from wastewater in textiles and paper and pulp industries. Additionally, it is used in the pharmaceutical industry as an active pharmaceutical ingredient (API) in the production of certain medications, such as bronchitis and asthma treatments. Despite its wide applications, concerns regarding the use of potassium hydrogen sulfite in food additives, particularly in natural and organic foods, have led to the exploration of biodegradable substitutes.
Market Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 49.4 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.2 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key countries |
China, US, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aditya Birla Management Corp. Pvt. Ltd., Avi Scientific India, BASF SE, Chemtex Speciality Ltd., Merck KGaA, Murphy and Son Ltd., Nexgen chemical, Nithyasri Chemicals, S.P.Chemicals, Sisco Research Laboratories Pvt. Ltd., Triveni Chemicals, and West India Chemical International |
Market dynamics |
Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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