NEW YORK, Jan. 21, 2016 /PRNewswire/ -- The market for potassium metabisulfite is estimated at 150.8 KT in 2015 and is projected to grow at a CAGR of 4.6% between 2015 and 2020. Potassium metabisulfite are estensively used for manufacturing of wine and beer. This report on potassium metabisulfite market covers all major regions such as Asia-Pacific, Europe, North America, and Rest of the World. The report analyzes market trends and forecasts from 2013 to 2020. Market estimations have been provided in terms of consumption volume (tons) and market revenue (USD Million). The global as well as regional markets have been segmented by application. The applications of potassium metabisulfite are wine industry, beer industry, food preservatives industry, textile industry, photographic chemicals, and others.
The report analyzes the market dynamics such as drivers, restraints, and opportunities, and winning imperatives. Major companies such as BASF SE, Avantor Performance Materials, Alfa Aesar, and Aditya Birla Chemicals among others have been profiled in this report.
For this report, various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of global potassium metabisulfite market. The primary sources - experts from related industries and suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.
The potassium metabisulfite market which is highly fragmented with presence of large number of global and regional manufacturers. These manufacturers are focused on catering their customers with advanced products.
Potassium metabisulfite can be classified into six categories based on the application type namely; wine industry, beer industry, food preservatives industry, textile industry, photographic chemicals, and others. The wine and beer industry are the major drivers for the demand for potassium metabisulfite. The market for wine and beer industry together in 2014 was approximately 65.5% of the total market in terms of volume. The food preservatives industry accounts for 11.3% of the total market share in 2014. Europe is the largest consumer of potassium metabisulfite followed by North America. The Asia-Pacific region is the fastest growing region for potassium metabisulfite from 2015 to 2020.
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