Market Forecast 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), By Regions (Asia Pacific, North America, Latin America, Middle East, Africa And Europe) And Competitive Landscape
Product Code: ETC115008 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Potassium Carbonate Market is currently witnessing a vigorous growth. The market's growth is chiefly driven by the increasing use of glass products in all the regions. Also, the glass industry is the biggest customer of global potassium carbonate market. It utilizes potassium carbonate to manufacture speciality gasses such as tableware, fiber optics, flat panel display glass, light bulbs, and other glass products. Furthermore, the governments of all regions 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 constantly require potassium carbonate to fabricate medicines, and the agricultural sectors need it to make fertilizers. However, the primary factor which is 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, chronic effect, and shock. Moreover, in 2020, the outbreak of Coronavirus has adversely affected the worldwide potassium carbonate market. Before the pandemic, the potassium carbonate industries maintained their supply steadily. However, later, these industries had to suffer from manufacturing slowdown, production hold-up, disruption of the supply chain, and governments restriction on their operations due to the lockdown.
According to 6Wresearch, the Global Potassium Carbonate Market size is anticipated to register growth during 2021-27. The global potassium carbonate market is divaricated into North America, Asia Pacific, Europe, Latin America, Middle East, and Global. Amongst all the regions, Asia Pacific is anticipated to be the biggest market in the ensuing years. The developed economies within the Asia Pacific are the ones expected to fuel its demand. These economies include China, Australia, India, South Korea and Japan. China's low manufacturing costs and substantial foreign direct investment in Australia have helped them secure the highest potassium carbonate market share in the Asia Pacific region. Europe is expected to be the next remarkable market in terms of potassium carbonate market share. Its propulsive pharmaceutical industries and growth of glass industries succour its escalated growth. Germany and Spain are predicted to exhibit the highest lucrative trend in the European region's potassium carbonate market. However, Global is expected to hold a minor market share in the potassium carbonate market due to its poor economic condition and minimal industrial growth. Some of the key players in the global potassium carbonate market are UNID, WENTONG Group, GACL, and Armand Products. High-quality machines, organized manufacturing processes and cheaper sources of raw materials promote these manufacturers' growth.
The global potassium carbonate market by 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, the global potassium carbonate market is segmented into the electrolysis, ion exchange, and ash. Amongst all, the Electrolysis method of manufacturing potassium carbonate is the most extensively used world-wide. Also, the electrolysis method helps in carbon dioxide absorption, and hence, it is promoted by most regions world-wide. Furthermore, the global 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 world-wide. Moreover, the application of potassium carbonate in salts, chemicals, and medicines is expected to increase substantially in future.
The Global Potassium Carbonate Market report thoroughly covers the market by type, application and countries including North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Global Potassium Carbonate market outlook report provides an unbiased and detailed analysis of the ongoing Global 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.
Key Highlights of the Report:
Markets Covered
The report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Asumptions |
3. Global Potassium Carbonate Market Overview |
3.1 Global Potassium Carbonate Market Revenues, 2017-2027F |
3.2 Global Potassium Carbonate Market Revenues, By Product Type, 2020 & 2027F |
3.3 Global Potassium Carbonate Market Revenues, By Application, 2020 & 2027F |
3.4 Global Potassium Carbonate Market - Industry Life Cycle |
3.5 Global Potassium Carbonate Market - Porter’s Five Forces |
4. Global Potassium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Global Potassium Carbonate Market Trends |
6. Global Potassium Carbonate Market Overview, by Product Type |
6.1 Global Potassium Carbonate Market Revenues, by Electrolysis Method, 2017-2027F |
6.2 Global Potassium Carbonate Market Revenues, By Ion Exchange Method, 2017-2027F |
6.3 Global Potassium Carbonate Market Revenues, By Ash Method, 2017-2027F |
6.4 Global Potassium Carbonate Market Revenues, By Other Method, 2017-2027F |
7. Global Potassium Carbonate Market Overview, by Application |
7.1 Global Potassium Carbonate Market Revenues, By Potassium Salts, 2017-2027F |
7.2 Global Potassium Carbonate Market Revenues, By Pharmaceuticals, 2017-2027F |
7.3 Global Potassium Carbonate Market Revenues, By Glass/TVs/Ceramics, 2017-2027F |
7.4 Global Potassium Carbonate Market Revenues, By Agrochemicals, 2017-2027F |
7.5 Global Potassium Carbonate Market Revenues, By Dyes & Inks, 2017-2027F |
7.6 Global Potassium Carbonate Market Revenues, By Rubber Chemicals, 2017-2027F |
7.7 Global Potassium Carbonate Market Revenues, By Others, 2017-2027F |
8. North America Potassium Carbonate Market Overview |
8.1 North America Potassium Carbonate Market Revenues, 2017-2027F |
8.2 North America Potassium Carbonate Market Revenues, By Product Type, 2017-2027F |
8.3 North America Potassium Carbonate Market Revenues, By Application, 2017-2027F |
8.4 North America Potassium Carbonate Market Revenues, By Countries, 2017-2027F |
9. Latin America Potassium Carbonate Market Overview |
9.1 Latin America Potassium Carbonate Market Revenues, 2017-2027F |
9.2 Latin America Potassium Carbonate Market Revenues, By Product Type, 2020 & 2027F |
9.3 Latin America Potassium Carbonate Market Revenues, By Application, 2020 & 2027F |
9.4 Latin America Potassium Carbonate Market Revenues, By Countries, 2020 & 2027F |
10. Europe Potassium Carbonate Market Overview |
10.1 Europe Potassium Carbonate Market Revenues, 2017-2027F |
10.2 Europe Potassium Carbonate Market Revenues, By Product Type, 2017-2027F |
10.3 Europe Potassium Carbonate Market Revenues, By Application, 2017-2027F |
10.4 Europe Potassium Carbonate Market Revenues, By Countries, 2017-2027F |
11. Middle East Potassium Carbonate Market Overview |
11.1 Middle East Potassium Carbonate Market Revenues, 2017-2027F |
11.2 Middle East Potassium Carbonate Market Revenues, By Product Type, 2017-2027F |
11.3 Middle East Potassium Carbonate Market Revenues, By Application, 2017-2027F |
11.4 Middle East Potassium Carbonate Market Revenues, By Countries, 2017-2027F |
12. Asia Pacific Potassium Carbonate Market Overview |
12.1 Asia Pacific Potassium Carbonate Market Revenues, 2017-2027F |
12.2 Asia Pacific Potassium Carbonate Market Revenues, By Product Type, 2017-2027F |
12.3 Asia Pacific Potassium Carbonate Market Revenues, By Application, 2017-2027F |
12.4 Asia Pacific Potassium Carbonate Market Revenues, By Countries, 2017-2027F |
13. Middle East Potassium Carbonate Market Overview |
13.1 Middle East Potassium Carbonate Market Revenues, 2017-2027F |
13.2 Middle East Potassium Carbonate Market Revenues, By Product Type, 2017-2027F |
13.3 Middle East Potassium Carbonate Market Revenues, By Application, 2017-2027F |
13.4 Middle East Potassium Carbonate Market Revenues, By Countries, 2017-2027F |
14. Global Potassium Carbonate Market Key Performance Indicators |
15. Global Potassium Carbonate Market Competitive Landscape |
15.1 Global Potassium Carbonate Market By Companies, 2020 |
15.2 Latin America Potassium Carbonate Market By Companies, 2020 |
15.3 Europe Potassium Carbonate Market By Companies, 2020 |
15.4 North America Potassium Carbonate Market By Companies, 2020 |
15.5 Asia Pacific Potassium Carbonate Market By Companies, 2020 |
15.6 Middle East Potassium Carbonate Market By Companies, 2020 |
15.6 Middle East Potassium Carbonate Market By Companies, 2020 |
15.7 Turkey Potassium Carbonate Market By Companies, 2020 |
15.8 Rest of Global Potassium Carbonate Market By Companies, 2020 |
15.9 Global Potassium Carbonate Market Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
17. Key Strategic Recommendations |
18. Disclaimer |