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The global market for potassium metabisulphite is being driven by the rising demand for the product from the food industry. Potassium metabisulphite is extensively used for food preservation and in the wine and beer industry. For instance, BASF’s (OTCMKTS: BASFY) food-grade potassium metabisulphite finds extensive applications across various segments of the food industry, such as juices, nectars, and syrups, beer, sports beverages, energy drinks, and soft drinks, wine, and other food products. The product is especially used for sulphurisation of wine to enhance its taste. Thus, due to the presence of a robust wine industry, Europe has emerged has a significant consumer of potassium metabisulphite. In the coming years, the Asia Pacific region is also expected to present the potassium metabisulphite industry with lucrative growth opportunities due to the improving living standards, expanding the food preservation industry, and rising wine and beer industry in the region.
The global potassium metabisulphite industry is also being aided by the rising textile industry. In the textile industry, potassium metabisulfite is widely used for the printing and dyeing of cotton. It is also often used as a disinfectant to neutralize the effects of chloramine dissolved in tap water. The bleaching properties of potassium metabisulfite make it a useful bleaching agent, in particular for coconut cream production. Potassium metabisulfite is also used in the aqua regia solution as an alternative to sodium sulphite for gold precipitation. Thus, the rising applications of the product across various industry sectors are expected to propel the growth of the market in the coming years.
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The major players in the global potassium metabisulphite market are BASF SE, Laffort, Aditya Birla Group, Alkaloid AD Skopje, and Esseco USA LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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