Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product Type (Electrolysis Method, Ion Exchange Method, Ash Method, Other Method), By Application (Pharmaceutical, Potassium Salts, Glass/TVs/Ceramic, Agrochemicals, Dyes & Inks, Rubber Chemicals, Others) And Competitive Landscape
Product Code: ETC077432 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Potassium Carbonate Market is expected to gain growth in the coming years. The potassium carbonate market in Africa is currently witnessing a steady growth. The major factor driving the growth of the market is demand for glass products in developed parts of the region. Also, the glass industry is the largest customer of Africa's potassium carbonate market. It utilizes potassium carbonate to manufacture specialty gasses such as tableware, fiber optics, flat panel display glass, light bulbs, and other glass products. Moreover, in 2021, the growing demand for food-grade potassium carbonate by the food industry has become a significant growth driver. Furthermore, the governments of the African countries are promoting the production of potassium carbonate. The reason being that the process of manufacturing potassium carbonate requires absorption of carbon dioxide. Additionally, the pharmaceutical industries in Africa constantly require potassium carbonate to fabricate medicines, and the agricultural sectors need it to make fertilizers. However, the primary factor which is most likely to restrain the growth of the potassium carbonate market in the coming years is the health hazard risks of direct use of potassium carbonate. Some of these risks include aggravation, heaving, swelling, and chronic effect. Moreover, the outbreak of corona virus has resulted in a significant restraint for Africa's potassium carbonate market. Initially before the outbreak, in 2020, Africa's potassium carbonate market had witnessed robust growth in demand. But later, the outbreak led to lockdowns and new rules for social distancing to prevent the spread of covid-19. Additionally, many manufacturers faced liquidity issues, and this resulted in putting manufacturers in a state of hibernation and contraction in demand for potassium carbonate. Also, the new guidelines led to shutting down of factories, supply chain cuts, and downturn in demand for potassium carbonate. However, at present the market is recovering with a steady growth.
According to 6Wresearch, Africa Potassium Carbonate Market size is anticipated to register growth during 2021-27. The South Africa is the leading country in Africa's potassium carbonate market, holding the highest market share in the region. Moreover, South Africa’s well-established food industries and expanding glass industries engender demand for both food grade and industrial grade potassium carbonate. Furthermore, the growing awareness of health due to covid-19 led to the boom of the pharmaceutical market, thereby contributing to the demand for potassium carbonate. Also, Drachm, headquartered in South Africa, is one of the largest manufacturers of potassium carbonate in this region. Followed by the South Africa, Kenya holds a significant market share. Moreover, the growing usage of soaps, salts, and glass markets in Kenya has created a massive demand for potassium carbonate. Additionally, some of the other countries that hold a significant part of Africa's potassium carbonate market are Egypt, Algeria and Nigeria. Well-developed industries and advanced manufacturing techniques are the key growth drivers of these countries. Additionally, some major players in Africa's potassium carbonate market are Darchem, Bragan Chemicals, Occidental Chemicals, Anmolchem, and Wego Chemical Group.
The Africa potassium carbonate market by product Product Type is segmented into food grade, industrial grade, light, and heavy density. Amidst all the segments, industrial-grade potassium carbonate holds the highest market share and is utilized to manufacture various fertilizers, agrochemicals, glass, and soaps. Additionally, based on the manufacturing method, Africa's potassium carbonate market is segmented into electrolysis, ion exchange, and ash. Amongst all, the Electrolysis method of manufacturing potassium carbonate is the most extensively used in Africa. Also, the electrolysis method helps in carbon dioxide absorption, and hence, it is promoted by most countries in Africa. Furthermore, the Africa potassium carbonate market based on application is segmented into glass, chemicals, medicines, salts, dyes & pigments, food, cleaners, gas purification, and other applications. Amongst all, the application of potassium carbonate in glass products holds the highest market share in Africa. Moreover, the application of potassium carbonate in salts, chemicals, and medicines is expected to increase substantially in the future.
The Africa Potassium Carbonate Market report thoroughly covers the market by Product Type, application and countries including South Africa, Kenya, Nigeria and rest of Africa. Africa Potassium Carbonate market outlook report provides an unbiased and detailed analysis of the ongoing Africa Potassium Carbonate market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
Other Key Reports Available:
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 Africa Potassium Carbonate Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Potassium Carbonate Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Potassium Carbonate Market - Industry Life Cycle |
3.4 Africa Potassium Carbonate Market - Porter's Five Forces |
3.5 Africa Potassium Carbonate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Potassium Carbonate Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Africa Potassium Carbonate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Africa Potassium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Potassium Carbonate Market Trends |
6 Africa Potassium Carbonate Market, 2017 - 2027 |
6.1 Africa Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Africa Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 South Africa Potassium Carbonate Market, 2017 - 2027 |
7.1 South Africa Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 South Africa Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Nigeria Potassium Carbonate Market, 2017 - 2027 |
8.1 Nigeria Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 Nigeria Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Kenya Potassium Carbonate Market, 2017 - 2027 |
9.1 Kenya Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Kenya Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Africa Potassium Carbonate Market, 2017 - 2027 |
10.1 Rest of Africa Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Rest of Africa Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Africa Potassium Carbonate Market Key Performance Indicators |
12 Africa Potassium Carbonate Market - Opportunity Assessment |
12.1 Africa Potassium Carbonate Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Potassium Carbonate Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 Africa Potassium Carbonate Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Africa Potassium Carbonate Market - Competitive Landscape |
13.1 Africa Potassium Carbonate Market Revenue Share, By Companies, 2020 |
13.2 Africa Potassium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |