Press release
Potassium Chromium Sulfate Market Growing Demand in Various Industries from 2023 to 2030 | Vopelius Chemie AG, National Chemical Industries, A. B. Enterprises
By 2030, the market for potassium chromium sulfate is expected to have grown from USD 23.4 million in 2022 to USD 41.9 million, at a CAGR of 6.6%. The growing demand for potassium chromium sulfate in the textile, tanning, and photographic industries is what propels the market. A white, tasteless, and odourless substance called potassium chromium sulfate is soluble in water. Chromium sulfate is present as a potassium salt. An inorganic substance called potassium chromium sulfate is utilised in a variety of processes, such as tanning, dyeing, photography, and as a mordant in the textile and leather industries. The formula for it is KCr(SO4)212H2O and it is a potassium sulfate and chromium sulfate double salt.
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The Key companies profiled in the Potassium Chromium Sulfate Market:
The study examines the Potassium Chromium Sulfate Market's competitive landscape and includes data on Vopelius Chemie AG, National Chemical Industries, A. B. Enterprises, Gansu Jinshi Chemical Co., Ltd., Shanghai Epoch Material, Wuhan Glory Co., Ltd., Hangzhou Baoran Chemical Co., Ltd., Inner Mongolia Pulis Chemical Co., Ltd., Simel Chemical (shandong) Co., Ltd., Shanxi Beacon Technology & Others.
Global Potassium Chromium Sulfate Market Split by Product Type and Applications
This report segments the Potassium Chromium Sulfate Market on the basis of Types:
Industrial Grade
Food Grade
Others
On the basis of Application, the Potassium Chromium Sulfate Market is segmented into:
Textile Industry
Photographic Film Hardener
Scientific Research
Others
Additionally employed in the creation of photographic emulsions and as a gelatin hardener, potassium chromium sulfate has uses in the photography industry. The demand for potassium chromium sulfate is influenced by the expansion of the photography industry, particularly in specialised fields like film photography and art photography. The development of ecologically friendly substitutes and improvements in manufacturing techniques have an impact on market expansion. Alternative tanning chemicals and mordants that are more environmentally friendly and sustainable are currently being researched and developed. The long-term demand for potassium chromium sulfate may be impacted by these substitutes.
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Geographically, the potassium chromium sulfate market is diversified, with regional variations in demand and production. Potassium chromium sulfate is widely used in regions with sizable leather, textile, and dyeing industries. Demand for potassium chromium sulfate has been observed in Europe, Asia-Pacific, North America, and other regions. A major market for potassium chromium sulfate has been Europe, which has developed leather and textile industries. The fashion and luxury leather goods industries are strongly represented in nations like Italy, Spain, and France, which helps to drive up demand for potassium chromium sulfate. The leather, textile, and dyeing sectors have experienced tremendous expansion in the Asia-Pacific region, particularly in nations like China and India. The need for potassium chromium is fueled by a huge population, rapid industrialization, and rising disposable income.
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Market Segmentation:
Potassium Chromium Sulfate market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The demand from the tanning, textile, and dyeing sectors has fueled a modest growth in the market for potassium chromium sulfate. The market is heterogeneous geographically, with variable degrees of demand in various areas. The market has a moderate impact on the chemical and material sector, driving demand for chromium compounds, affecting the supply chain, and promoting R&D initiatives. As alternatives to potassium chromium sulfate are created and used in the chemical and material sector, the market may shift as sustainability becomes more and more essential.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Potassium Chromium Sulfate Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Potassium Chromium Sulfate Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Potassium Chromium Sulfate Market Analysis
Chapter 6 East Asia Potassium Chromium Sulfate Market Analysis
Chapter 7 Europe Potassium Chromium Sulfate Market Analysis
Chapter 8 South Asia Potassium Chromium Sulfate Market Analysis
Chapter 9 Southeast Asia Potassium Chromium Sulfate Market Analysis
Chapter 10 Middle East Potassium Chromium Sulfate Market Analysis
Chapter 11 Africa Potassium Chromium Sulfate Market Analysis
Chapter 12 Oceania Potassium Chromium Sulfate Market Analysis
Chapter 13 South America Potassium Chromium Sulfate Market Analysis
Chapter 14 Company Profiles and Key Figures in Potassium Chromium Sulfate Business
Chapter 15 Global Potassium Chromium Sulfate Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
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