The global demand for Potassium Carbonate Market is presumed to reach the market size of nearly USD 4.19 MN by 2028 from USD 2.9 MN in 2021 with a CAGR of 5.4% under the study period 2022 - 2028.
Potassium carbonate is available in a white powder or water-soluble granules. It generates a robust alkaline solution when mixed with water. Potassium carbonate is known by many names, including pearl ash, carbonate of potash, salt of wormwood, salt of tartar, and dipotassium carbonate. It's the primary component of potash and refined pearl ash, and it's also referred to as tartar. Potassium carbonate is insoluble in alcohol and melts at 891 degrees Celsius. It comes in various grades, including food grade, industrial grade, light and heavy density, and so on. Potassium carbonate is commercially generated via electrolysis of potassium chloride, then carbonated with carbon dioxide to yield potassium carbonate. This potassium carbonate is also employed in the production of other potassium-based chemicals. Potassium chloride is used in the fertilizer business to remove carbon dioxide from ammonia manufacture synthesis gas in its aqueous state. Exothermically, potassium carbonate neutralizes acids, forming salts and water. It reacts with some metals, such as zinc and aluminum, to produce metal oxides, metal hydroxides, and even gaseous hydrogen. It is also thought to start polymerization in polymerizable organic molecules, particularly epoxides. In most processes, it functions as a catalyst and reacts with aqueous solutions of reducing sugars when heated above 84 degrees Celsius. The different applications of potassium carbonate include the production of china products, glass, and soap, to make a safe electrolyte for the production of oxyhydrogen, as a buffer agent in the manufacture of wine or mead, used for softening hard water, used as a suppressant in extinguishing fryers, used in gunpowder as a stable source of energy, used as an ingredient in welding fluxes and arc welding rods and as an animal feed ingredient to satisfy requirement of potassium of broiler breeds.
The strong presence of prominent players and increasing demand for potassium carbonate from various end-use sectors are projected to propel the market forward. The high demand for potassium carbonate in the glass sector is expected to have an impact on the market's growth. In addition, the vast application scope for food grade potassium carbonate in the food industry is serving as a significant variable that will benefit the potassium carbonate market's growth over the forecast period. Furthermore, increased government backing and well-developed pharmaceutical sectors are likely to boost the potassium carbonate market's growth. However, in the forecast term, different health risks associated with potassium carbonate, as well as the availability of replacements, are likely to serve as significant restraints on the potassium carbonate market's growth rate. Large doses of potassium carbonate, on the other hand, can induce ulcers, vomiting, and even death from shock, all of which are expected to hamper market expansion throughout the forecast period. In addition, various industries, such as pharmaceuticals, which use potassium carbonate in the manufacture of medicines, and agriculture, are likely to provide a variety of growth prospects for the potassium carbonate market throughout the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of potassium carbonate. The growth and trends of potassium carbonate industry provide a holistic approach to this study.
This section of the potassium carbonate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Form
By End Use
- Soaps, Detergents & Cleaning Products
- Food & Beverage Processing
- Personal Care Products
- Dyes & Inks
- Fire Suppression Products
- Water Treatment
This section covers the regional outlook, which accentuates current and future demand for the Potassium Carbonate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Potassium Carbonate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the potassium carbonate market include Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Gujarat Alkalies and Chemicals Limited, Vynova Group, AGC Chemicals, JSC Pikalevskaya Soda, Esseco Group, Shanghai Wentong Chemicals Co., Ltd., Foodchem International Corporation, Shanxi Guangyuan Fertilizer Co., Ltd., Armand products, Zhejiang Dayang, Zhejiang Juhua Co., Ltd., Hebei Xinjichemical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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