Worldwide Potassium Metabisulfite Market to 2027 - Impact of COVID-19 on the Industry

DUBLIN, July 14, 2020 The "Potassium Metabisulfite - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Potassium Metabisulfite estimated at US$403.7 Million in the year 2020, is projected to reach a revised size of US$489.8 Million by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. Wine Industry, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$177.4 Million by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Beer Industry segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 31.8% share of the global Potassium Metabisulfite market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.4% CAGR for the Period of 2020-2027

The Potassium Metabisulfite market in the U. S. is estimated at US$109.1 Million in the year 2020. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$100.4 Million in the year 2027 trailing a CAGR of 5.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR while Rest of European market (as defined in the study) will reach US$100.4 Million by the year 2027.

Food Preservatives Segment Corners a 16.8% Share in 2020

In the global Food Preservatives segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$51.3 Million in the year 2020 will reach a projected size of US$58 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$67.1 Million by the year 2027, while Latin America will expand at a 2.9% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 192-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

• Aditya Birla Chemicals (Thailand) Ltd.
• Alfa Aesar
• Alkaloid Ad Skopje (Macedonia)
• Avantor Performance Materials LLC
• BASF SE
• Ever S. R.L.
• Feedway Europe NV
• Jay Dinesh Chemicals
• Laffort SA
• Murphy & Son Limited

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Potassium Metabisulfite Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/dxkfyb

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/worldwide-potassium-metabisulfite-market-to-2027---impact-of-covid-19-on-the-industry-301093337.html

SOURCE Research and Markets