| Product Code: ETC5350322 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for aluminium potassium sulphate in the market experienced a decline, with a growth rate of -12.5% from 2023 to 2024. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -3.28%. This negative momentum could be attributed to shifting demand patterns or changes in trade policies impacting market stability.
The Aluminium Potassium Sulphate market in Armenia caters to various industries, including water purification, food processing, and pharmaceuticals. This compound, also known as alum, is valued for its coagulating, astringent, and antiseptic properties. The market is driven by the need for effective water treatment solutions and the demand for food additives and pharmaceutical products. Government initiatives to improve water quality and industrial output are expected to support market growth.
The Armenia Aluminium Potassium Sulphate market is primarily driven by its extensive use in water purification, where it acts as a coagulant to remove impurities. The increasing need for clean and safe drinking water in Armenia fuels the demand for aluminium potassium sulphate. Additionally, its applications in the food and beverage industry as a firming agent and in the textile industry for dyeing processes contribute to market growth. The growth of these end-use industries and environmental regulations promoting water treatment drive the market.
The Aluminium Potassium Sulphate market in Armenia faces challenges primarily due to the limited availability of raw materials within the country, leading to a reliance on imports. The market is also subject to strict regulatory standards for purity and quality, which can be difficult to meet consistently. Production processes for aluminium potassium sulphate can be energy-intensive, adding to operational costs. Additionally, competition from synthetic substitutes and other chemical compounds can impact market demand and profitability.
Policies supporting the agricultural and water treatment sectors in Armenia influence the aluminium potassium sulphate market. The government promotes the use of effective water purification agents and soil conditioners, of which aluminium potassium sulphate is a key component. Environmental regulations also mandate the use of safe and efficient chemicals, boosting the market for this compound.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Aluminium Potassium Sulphate Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Aluminium Potassium Sulphate Market - Industry Life Cycle |
3.4 Armenia Aluminium Potassium Sulphate Market - Porter's Five Forces |
3.5 Armenia Aluminium Potassium Sulphate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Armenia Aluminium Potassium Sulphate Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Armenia Aluminium Potassium Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for aluminium potassium sulphate in various industries such as water treatment, textiles, and cosmetics. |
4.2.2 Increasing focus on environmentally friendly and sustainable chemicals, with aluminium potassium sulphate being a preferred choice. |
4.2.3 Rising investments in infrastructure and industrial development in Armenia, leading to higher demand for chemicals like aluminium potassium sulphate. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of aluminium potassium sulphate. |
4.3.2 Stringent regulations and compliance requirements related to the manufacturing and usage of chemicals in Armenia. |
4.3.3 Intense competition from alternative chemicals or substitutes in the market. |
5 Armenia Aluminium Potassium Sulphate Market Trends |
6 Armenia Aluminium Potassium Sulphate Market Segmentations |
6.1 Armenia Aluminium Potassium Sulphate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Powder, 2021-2031F |
6.1.3 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Crystal, 2021-2031F |
6.2 Armenia Aluminium Potassium Sulphate Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Water Purification, 2021-2031F |
6.2.3 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.6 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Paper, 2021-2031F |
6.2.7 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Textile, 2021-2031F |
6.2.8 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Armenia Aluminium Potassium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Aluminium Potassium Sulphate Market Import-Export Trade Statistics |
7.1 Armenia Aluminium Potassium Sulphate Market Export to Major Countries |
7.2 Armenia Aluminium Potassium Sulphate Market Imports from Major Countries |
8 Armenia Aluminium Potassium Sulphate Market Key Performance Indicators |
8.1 Percentage increase in the number of industries adopting aluminium potassium sulphate in their processes. |
8.2 Rate of investment in research and development for improving the quality and applications of aluminium potassium sulphate. |
8.3 Environmental impact metrics such as reduction in carbon footprint or waste generation achieved by using aluminium potassium sulphate. |
9 Armenia Aluminium Potassium Sulphate Market - Opportunity Assessment |
9.1 Armenia Aluminium Potassium Sulphate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Armenia Aluminium Potassium Sulphate Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Armenia Aluminium Potassium Sulphate Market - Competitive Landscape |
10.1 Armenia Aluminium Potassium Sulphate Market Revenue Share, By Companies, 2024 |
10.2 Armenia Aluminium Potassium Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |