The global alunite market size was worth around USD 153.2 Million in 2022 and is further expected to grow to around USD 180.4 Million by 2030, with a compounded annual growth rate (CAGR) of 3.9% during the forecast period.
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➤ The global market will experience development as a result of the increasing demands of the industrial and household sectors.
A variety of alum derivatives are extensively employed in a variety of applications in both the industrial and household sectors. Potash alum is a derivative that is primarily utilized in the industrial and domestic sectors. It is instrumental in the production of perfumes and other essential products. Potash alum is also beneficial in the purification of water, the fireproofing of textiles, the tanning of leather, the dyeing of fabrics, and many other applications. Furthermore, it is employed in the cosmetics industry as an aftershave treatment or body deodorant.
➤ The global market’s growth is anticipated to be restricted by risks and cautions associated with alunite.
Excessive use of alunite in various industrial applications can result in skin and mucus membrane irritation, which in turn poses a variety of health hazards. The global market’s expansion is anticipated to be impeded by this landscape.
➤ The pharmaceutical sector is expected to expand rapidly, creating new opportunities in the global market.
Alunite and its derivatives are essential for the production of a variety of compounds, such as flocculation, which is frequently employed in the production of styptic pencils. It is employed to halt the flow of blood in minor wounds and injuries. Additionally, it is employed in the production of adjuvants, which are chemicals that enhance the immune response to vaccines.
➤ The global market faces a significant challenge due to the detrimental effects of mining on the environment.
Government leaders and environmentalists are implementing initiatives to mitigate the environmental consequences of industrialization. Consequently, the global market’s expansion is likely to be impeded by the recent prohibition of mining in order to prevent the unfavorable and detrimental environmental effects.
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The Global Alunite Market is segmented based on product, application and region
Global Alunite Market: Product Segment Analysis
● Potassium Alunite
● Natroalunite
Global Alunite Market: Application Segment Analysis
● FMCG
● Cosmetics
● Pharmaceuticals
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The global Alunite market profiles key players such as:
● Sun Minerals
● Pacer Corporation
● New Mont Corporation
● Alunite Gold
● American Pacific Corp.
● Bear Creek Mining Corporation
● Rio Tinto Group
● Goldrich Mining Company
● Alcoa Corporation
● Altair International Corp.
● Equinox Gold Corp.
● Spectrum Mine LLC
● Alunite Pretoria
● Baslini
???? Recent Developments
• Gimpex, a prominent Indian alunite producer, announced in 2021 that they have formed a partnership with OCI, a forward-thinking Korean fertilizer company, to jointly manufacture and distribute potassium sulfate fertilizer.
• Alunite Resources Inc. declared its intention to commence production of its new alunite mining project in Utah, USA, in 2021.
➤ Asia Pacific is anticipated to dominate the global market during the forecast period.
The Asia Pacific region is responsible for the largest portion of the global alunite market, as a result of the increasing investments in the construction of wastewater treatment facilities to repurpose industrially processed water. Additionally, the government is implementing measures to ensure that the residents have access to secure and clean water, which will also contribute to the expansion of the regional market.
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