DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g9mzc3/potassium)
has announced the addition of the "Potassium
Metabisulfite Market by Application (Wine Industry, Beer Industry, Food
Preservatives, Textile Industry, Photographic Chemicals, & Others) -
Global Forecast to 2020" report to their offering.
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
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Potassium Metabisulfite Market, by Application
- Potassium Metabisulfite Market, Regional Analysis
- Company Profiles
- Aditya Birla Chemicals, Thailand
- Alfa Aesar
- Avantor Performance Materials
- Jay Dinesh Chemicals
- Murphy & Son
For more information visit http://www.researchandmarkets.com/research/g9mzc3/potassium