Alunite Market to Witness Robust Growth in North America and the Asia Pacific


 Alunite, or alumstone, is a transparent hydrated aluminum potassium sulphate mineral. It is found in various colors, such as red, yellow, reddish brown, and may contain larger or smaller amounts of colour depending on the piece. Alunite is available widespread in rock-forming sulfate mineral that occupies seams or pockets in volcanic rocks such as andesites, trachytes, and rhyolites, where it is formed gradually through a chemical reaction with escaping sulfurous vapor from molten lava. Alunite has long been used abroad as a source of potash alum, which, it resembles in chemical composition. The alunite market is witnessing robust growth due to the rapid growth of the personal care and cosmetic industry.

According to the Associated Chambers of Commerce and Industry of India, the country's cosmetics and cosmeceutical market is expected to reach US$ 20 billion by 2025. The rising awareness of beauty products, changes in consumption patterns, the increasing premium on personal grooming, and increase in disposable income some of the major factors expected to boost the industry, in turn, is driving the alunite market growth. Alunite is extensively used in personal care and cosmetic products as antiperspirant. It does not lead to skin irritation, allergy, appearance of stains on cloths, as it does not contain oil and coloring components.

Moreover, increasing industrialization in the field of pharmaceuticals, chemical, etc. is another major factor expected to accelerate the alunite market growth. The 21st century pharmaceutical sector has come a long way from its roots in 19th century pharmacy. Industry 4.0 is employed in medical technology, health-care facilities, and biopharmaceutical manufacturing. Pharma 4.0 provides better instruments to enforce product safety and supply chain security. This scenario is expected to increase the demand for alunite from various end-use industries, in turn, augment the alunite market growth.

In North America and the Asia Pacific, growth of the alunite market is mainly driven by the increasing demand from the personal care and cosmetics industry and the rapid growth of the e-commerce in these regions. Over the past few years, beauty and personal care e-commerce has experienced tremendous growth in the United States. In 2019, health and personal care retail sales generated around US$ 22.54 billion through e-commerce in the United States. In India 100% foreign direct investment (FDI) is permitted in e-commerce. The aforementioned factors are driving the alunite market growth in North America and the Asia Pacific region.


https://www.coherentmarketinsights.com/ongoing-insight/alunite-market-2706

Location: India

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