Global Potassium Carbonate Market Growth 2023-2029

Global Potassium Carbonate Market Growth 2023-2029

Product Code:456164

Published Date: Feb 08,2023

Pages: 111

Region: Global

Category: Chemical & Material

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Potassium carbonate (K2CO3), also known as potash carbonate, is a translucent and odourless organic alkaline solution or a white and odourless solid chemical compound that is available in crystalline granulated or powder form.

The Potassium Carbonate market covers Electrolysis Method, Ion Exchange Method, Ash Method, etc. The typical players include UNID Global Corporation, WENTONG Group (Qinghai Yanhu), Armand Products, Evonik, Zhejiang Dayang, Vynova PPC, AGC Chemicals, JSC Pikalevskaya Soda, etc.

LPI (LP Information)' newest research report, the “Potassium Carbonate Industry Forecast” looks at past sales and reviews total world Potassium Carbonate sales in 2022, providing a comprehensive analysis by region and market sector of projected Potassium Carbonate sales for 2023 through 2029. With Potassium Carbonate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Potassium Carbonate industry.

This Insight Report provides a comprehensive analysis of the global Potassium Carbonate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Potassium Carbonate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Potassium Carbonate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Potassium Carbonate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Potassium Carbonate.

The global Potassium Carbonate market size is projected to grow from US$ 542.5 million in 2022 to US$ 667.6 million in 2029; it is expected to grow at a CAGR of 667.6 from 2023 to 2029.

Globally, potassium carbonate manufacturers are mainly distributed in South Korea, China, the United States, Germany, etc. The global key Potassium Carbonate manufacturers include UNID Global Corporation, Zhejiang Dayang, Armand Products, Evonik, WENTONG Group (Qinghai Yanhu), Vynova PPC, AGC Chemicals, JSC Pikalevskaya Soda, Altair Chimica, GACL, etc.

At present, the production process of potassium carbonate mainly includes Electrolysis Method, Ion Exchange Method, Ash Method and Other Method. At present, ion exchange method and electrolysis method are commonly used in the market. The Ash Method and Other Method production process has been eliminated due to high energy consumption, serious pollution, poor product quality and unsuitability for large-scale production.

The main consumption areas of global potassium carbonate are Glass & Ceramic manufacturing, Agrochemicals, Pharmaceutical, Food Industry and Potassium Salts. Global potassium carbonate is mainly used to manufacture glass & ceramics, with agrochemical industries accounting for 31% and 26% respectively.

As the largest consumer country, China  accounting for 30% of the global total. In China, potassium carbonate has different quality grades and is widely used in food, pesticide, medicine, industry and other fields. The United States is the second important consumer country, with consumption accounting for 12% of the global during last year.

This report presents a comprehensive overview, market shares, and growth opportunities of Potassium Carbonate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Electrolysis Method
    Ion Exchange Method
    Ash Method
    Other Method

Segmentation by application
    Glass & Ceramic
    Agrochemicals
    Pharmaceutical
    Food Industry
    Potassium Salts
    Dyes & Inks
    Electroplating
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    UNID
    Zhejiang Dayang
    Armand Products
    Evonik
    WENTONG Group (Qinghai Yanhu)
    Vynova PPC
    AGC Chemical
    JSC Pikalevskaya Soda
    Altair Chimica
    GACL
    Wenshui Zhenxing
    Hebei Xinjichemical
    ASHTA
    OPC
    Runfeng Industrial
    Shanxi Leixin
    Shanxi Wencheng Chemical

Key Questions Addressed in this Report
What is the 10-year outlook for the global Potassium Carbonate market?
What factors are driving Potassium Carbonate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Potassium Carbonate market opportunities vary by end market size?
How does Potassium Carbonate break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?