The global demand for Ammonium Bisulfite Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020- 2026. Whereas with regards to volume, the market was calculated XXX KT in 2019 and foreseen to touch XXX KT by 2026 with a CAGR of X.X% during 2020-2026.
Ammonium bisulfite, also known as ammonium hydrogen sulfate, is a white crystalline solid. It is an alternative to sulfur dioxide which is practice for the sterilization of equipment. It acts as a reducing agent in chemical manufacturing, reduces carbonyl and alcohol groups, which function as colorants of the substances. Further, its applications include preservative antioxidants, reductive bleaching agents, and hair waving agents. Attributed to these applications, it is widely used in leather processing, food and beverage processing, gas purification, water treatment to remove excess chlorine, textiles, and pulp processing industries. Moreover, according to the research study, it is found that ammonium bisulfite works as an oxygen scavenger, which is added to enclosed packaging, also it helps to eliminate the dissolved oxygen from wastewater, which further helps to maintain product safety and shelf life. Hence, those benefits are boosting the ammonium bisulfite market to flourish in a positive manner.
The global ammonium bisulfite market is growing to its rapid pace owing to the increasing demand for cosmetics products. The chemical act as a bleaching agent, due to which it is majorly practiced in cosmetic products. Whereas, bleach helps to whiten the skin and minimize the dark spots caused by sun damage, aging, and hormonal changes. Changing preferences towards skincare products, due to increasing consciousness amongst the people about their skincare coupled with changing lifestyles, and rapidly growing towards modernization is helping the market to grow positively. Additionally, ammonium bisulfite contains preservative antioxidant which helps to kill and inhibit growth bacteria, mold, and yeast. It also prevents the oxidation of oils and fats, further helps for the market growth. However, the higher cost associated with the chemicals is anticipated to restrain the growth of the market. Creating awareness of its application could be an opportunity for market growth during the forecast period. The availability of alternatives to different chemicals such as ammonium chloride and ammonium sulfate can be a challenge for the market growth.
Asia-pacific is dominating the ammonium bisulfite market across the globe, in which China is the largest revenue contributor. The growth in this region is majorly attributed to the availability of chemicals and increasing demand for a cosmetic product. Followed by Asia-pacific, North America is the second-largest contributor for the market across the globe, in which the U.S. and Canada are anticipated to contribute to the growth of the market. Europe is estimated to show significant growth in the upcoming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of ammonium bisulfite.
The entire ammonium bisulfite market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Analysis Grade
- Industrial Grade
- Oil & Gas
- Water Treatment
- Paper & Pulp
This section covers regional segmentation which accentuates on current and future demand for ammonium bisulfite market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Ammonium Bisulfite Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ammonium bisulfite market include Vertellus, Shandong Xinmiao, Huaxing, Tianjin Zhentai, GTS, Zhejiang Juhua, and Huayi. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.