Market Forecast by Countries (United States, Canada), 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: ETC075342 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Potassium Carbonate Market is expected to expand its growth at a fleeting rate in the coming years. The market's growth is chiefly driven by the burgeoning demand for glass products in developed parts of the region. Also, the glass industry is the largest customer of North America's potassium carbonate market. It utilizes potassium carbonate to manufacture speciality glasses such as tableware, fibre 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 behaved as a significant growth driver. Furthermore, the governments of the North American 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 North America 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, the coronavirus outbreak has resulted in a significant restraint for North America's potassium carbonate market. Initially, in 2020, North America's potassium carbonate market had witnessed robust growth in demand. But later on, the outbreak led to lockdowns and new rules for social distancing to prevent the spread of covid-19. And this resulted in disruption of the supply chain and decreased demand for potassium carbonate. Also, the new guidelines led to a halt in production and transportation. However, the lockdown is lifted at present, and the potassium carbonate market is experiencing vigorous growth.
According to 6Wresearch, North America Potassium Carbonate Market size is anticipated to register growth during 2021-27. The United States of America is the leading country in North America's potassium carbonate market, holding the highest market share in the region. Moreover, Usa'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, Armand products Company, headquartered in the United States of America, is one of the world's largest manufacturers of potassium carbonate. Followed by the United States of America, Canada holds a significant market share. Moreover, the growing usage of soaps, salts, and glass markets in Canada has created a massive demand for potassium carbonate. Additionally, some of the other countries that hold a significant part of North America's potassium carbonate market are Cuba and Panama. Well-developed industries and advanced manufacturing techniques are the key growth drivers of these countries. Also, Canada and The United States of America are expected to witness a robust growth in the coming years. Some major players in North America's potassium carbonate market are A Armand Products Company, Esseco, ASHTA Chemicals Inc, and Emsure.
The North American 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, North America'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 North America. Also, the electrolysis method helps in carbon dioxide absorption, and hence, it is promoted by most countries in North America. Furthermore, the North American 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 North America. Moreover, the application of potassium carbonate in salts, chemicals, and medicines is expected to increase substantially in the future.
The North America Potassium Carbonate Market report thoroughly covers the market by type, application and countries including United States and Canada. North America Potassium Carbonate market outlook report provides an unbiased and detailed analysis of the ongoing North America 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 North America Potassium Carbonate Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Potassium Carbonate Market Revenues & Volume, 2020 & 2027F |
3.3 North America Potassium Carbonate Market - Industry Life Cycle |
3.4 North America Potassium Carbonate Market - Porter's Five Forces |
3.5 North America Potassium Carbonate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Potassium Carbonate Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 North America Potassium Carbonate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 North America Potassium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Potassium Carbonate Market Trends |
6 North America Potassium Carbonate Market, 2017 - 2027 |
6.1 North America Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 North America Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 United States Potassium Carbonate Market, 2017 - 2027 |
7.1 United States Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 United States Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Canada Potassium Carbonate Market, 2017 - 2027 |
8.1 Canada Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 Canada Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 North America Potassium Carbonate Market Key Performance Indicators |
10 North America Potassium Carbonate Market - Opportunity Assessment |
10.1 North America Potassium Carbonate Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Potassium Carbonate Market Opportunity Assessment, By Product Type, 2020 & 2027F |
10.3 North America Potassium Carbonate Market Opportunity Assessment, By Application, 2020 & 2027F |
11 North America Potassium Carbonate Market - Competitive Landscape |
11.1 North America Potassium Carbonate Market Revenue Share, By Companies, 2020 |
11.2 North America Potassium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |