Potassium Carbonate Market - (By Product Food Grade, Industrial Grade , Market By Application– Inorganic Chemicals, Light Industry Raw Materials, Medicine, Food) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction

Potassium carbonate appears as a white powder or granules that are soluble in water. When it is mixed in water it forms a strong alkaline solution. It is an aqueous solution of potassium dioxide.  It is referred to be the major constituent of potash and refined pearl ash or tartar. Moreover, it is also referred to as pearl ash, carbonate of potash, salt of wormwood, salt of tartar, and dipotassium carbonate. Potassium carbonate is formed by the process of electrolysis of potassium chloride, which is again carbonated with the help of carbon dioxide forming the final product potassium carbonate.

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Market Dynamics

The increasing demand for potassium carbonate from glass industry is one of the major factor driving the growth of the market. The glass industry is one of the major consumer of potassium carbonate in developing specialty glasses which includes television tunes and other glass products. Moreover, there are several other industries expected to boost the market such as pharmaceuticals which includes potassium carbonate in manufacturing medicines and agricultural.

However, health hazard is one of the major restraining factor that may hamper the growth of the market in coming years.

Market Classification and Overview

The global potassium carbonate market is segmented into product, application, and region.

On the basis of product, the market is segmented into food grade and industrial grade.

Based on the application, the market is segmented into inorganic chemicals, light industry raw materials, medicine, food, and others.

Regional Overview

Geographically, the global potassium carbonate market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

Asia Pacific is expected to be the largest market during the forecast period 2018-2026 owing to the huge applications for food grade potassium carbonate in food industry. The developed economies are also expected to fuel the market due to the potassium carbonate consumption in agriculture and pharmaceutical industries.

Europe is expected to hold the major share during the forecasted period owing to the well developed pharmaceutical industries. Moreover, the increasing government support is also the major factor propelling the growth of the market.

North America is expected to show the healthy growth rate owing to the presence of huge players and increasing demand for the potassium carbonate from several industries. Additionally, the LAMEA is expected to hold the least share due to the poor economic condition and less industrial growth.

Market Participants

The potassium carbonate market comprises of some of the major players such as Armand Products, ACTH, Zhejiang Dayang, Wentong Group, Qinghai Yanhu, Shandong Lunan, Qinghai Yanhu and CCCL among others.

Market Segmentation

Market By Product

• Food Grade
• Industrial Grade

Market By Applications

• Inorganic Chemicals
• Light industry Raw Materials
• Medicine
• Food
• Other

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA