Global Potassium Carbonate Market Overview:
Potassium carbonate appears as a white powder or as colorless solid crystal and has a salty taste. It is also known as pearl ash or potash, it may be used in pharmaceutical laboratories as a source of potassium or as a drying agent. The primary uses of potassium carbonate are in the production of fertilizers, soaps, and heat-resistant glass. Moreover, it is also used in effervescent tablets and powders, which are available to provide potassium when there are low levels of potassium in the blood owing to inadequate diet, nausea & vomiting, diarrhea, among others.
As per latest study released by AMA Research, the Global Potassium Carbonate market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
increasing demand for potassium carbonate
Market Growth Drivers:
The Increasing Demand for Potassium Carbonate from Glass Industry and Growing Applications of Potassium Carbonate from Pharmaceutical Industry
Challenges:
High demand of chemical industries
Restraints:
Hazardous Effects of Potassium Carbonate
Opportunities:
The Emerging Demand from Developing Regions
Competitive Landscape:
Some of the key players profiled in the report are UNID (South Korea), Armand Products Co (United States), Evonik Industries (Germany), GACL (India), AGC Chemicals (United States), ASHTA Chemicals Inc. (United States), Occidental Petroleum (United States), WENTONG Group (Qinghai Yanhu) (China), Zhejiang Dayang (China) and Hebei Xinjichemical (China). Additionally, following companies can also be profiled that are part of our coverage like Shandong Lunan (China), Runfeng industrial (China) and Shanxi Leixin (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Potassium Carbonate market by 2030. Considering Market by By Form Type, the sub-segment i.e. Solid will boost the Potassium Carbonate market.
Latest Market Insights:
In October 2023,Ineos Enterprises has agreed to acquire Ashta Chemicals, which makes chlorine, potassium hydroxide, and potassium carbonate in Ashtabula, Ohio. The seller is Bigshire Mexico, which has owned Ashta since 2011. Ineos already buys chlorine from Ashta as a raw material for its nearby titanium dioxide plant.
In Jan 2018, Vynova Group has expanded the product portfolio of its Tessenderlo (Belgium) site with potassium carbonate (K2CO3) liquid. The same product is already produced on the site of Potasse et Produits Chimiques SAS (PPC) in Thann (France). Both Vynova and PPC are owned by the International Chemical Investors Group (ICIG), making the group now the only potassium derivatives producer with two European sites supplying potassium carbonate liquid.
What Can be Explored with the Potassium Carbonate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Potassium Carbonate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Potassium Carbonate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Potassium Carbonate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Potassium Carbonate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potassium Carbonate Manufacturers, Potassium Carbonate Raw Material Suppliers, Potassium Carbonate Traders/Distributors, Potassium Carbonate Importer/Exporter, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.