A global research report called Potassium Sorbate Markets was recently published by Reports and Data to provide guidance for business. The report also focuses on global major leading industry players of the Potassium Sorbate markets providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue, and contact information. The Global Potassium Sorbate market is expected to develop at a substantial CAGR in the coming years. The most significant factor driving the growth of this market is rising investments in the market. Investments in the Potassium Sorbate market have witnessed huge growth over the past few years. This report also states import and export consumption, supply and demand figures, cost, price, revenue, and gross margins.
The report also presents a comprehensive analysis of the global Potassium Sorbate markets in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities, and market disruption. The global Potassium Sorbate markets are expected to reach USD 373.3 Million by 2027 from USD 269.2 Million in 2018 at a CAGR of 4.1%.
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Market Overview:
A substance or mixture of substances that make up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in the industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into thousands of different products. The materials and chemicals sector trends range from solutions for lightweight, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands.
The global Potassium Sorbate market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer a detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
Top Key Players:
APAC Chemical Corporation, Sorbic International PLC, Celanese Corporation, Wanglong Chemicals, Parchem, Jinneng Science & Technology Co. Ltd., FBC Industries Inc., Independent Chemical Information Service, Lubon Industry Co. Ltd., and Tengzhou Aolong Fine Chemical Co. Ltd., among others.
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Further key findings from the report suggest
Growing penetration of the online retailing businesses for chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing sales channel. Online retailing is expected to gain a market share of 33.9% by 2027.
Potassium sorbate is used as a food preservative for its antimicrobial properties, which protects the food product from growing any fungi that can potentially spoil the quality and smell of the food. Potassium Sorbate acidulant increases the shelf-life of the food. The food & beverage items sub-segment had the highest market and grew with a CAGR of 3.9% during the forecast period.
The European region is forecasted to witness significant growth in the overall market, with 15.6% of market possession by 2027, having grown with a CAGR of 2.1% during the forecast period. The Netherlands holds some of the most prominent players in this region.
North America, with its high demand for potassium sorbate fungistatic agents & antifoulants, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 4.5% during the forecast period.
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Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
Online Retailing
Offline Retailing
Application Outlook (Revenue, USD Million; 2016-2027)
Fungistatic Agent
Antifoulants
Buffering Agent
Other Applications
End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)
Food & Beverage Items
Pharmaceutical Industry
Personal Care Products
Others
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