The global potassium (K) carbonate market size was robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Potassium carbonate is a white salt that dissolves in water. It is deliquescent and frequently appears as a moist or watery solid. It is mostly used to make soap and glass. K2CO3, also widely recognized as potash carbonate, is used in fertilizers, herbicides and pesticides, and heat-resistant materials. soaps, and other inorganic chemicals. This chemical is used to control acidic flavors due to its salinity. It stabilizes food colors (for example, fish fillets), reduces bitter lingering aftertaste, and controls fat. It is typically used in the form of liquid in Chinese recipes. Its solution diluted in water is widely available in Chinese supermarkets. Potassium carbonate has wide applications in most of the sectors such as fertilizers, food additives, manufacturing, and construction. These factors are expected to drive market revenue growth during the forecast period.

Top Companies Operating in the Global Potassium Carbonate Market:

  • AGC Chemicals Americas (U.S.)
  • Zhejiang Dayang Biotech Group Co., Ltd. (China)
  • Wentong Potassium Salt Group Co., Ltd. (Shanghai)
  • Evonik (Germany)
  • Vynova Group (Belgium)
  • Pikalevskaya Soda (Russia)
  • Altair Chimica S.p.A (Italy)
  • Esseco USA LLC (U.S.)
  • Ercros (Spain)
  • Gujarat Alkalies and Chemical Limited (India)
  • Baoding Run Feng (China)
  • Oil Base India (India)
  • Occidental Petroleum Corporation (U.S.)

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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.

Table of Contents:

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Potassium Carbonate market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends
    2.1 Global Potassium Carbonate market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends
  3. Competitive Outlook
    3.1 Global Potassium Carbonate market key players
    3.2 Global Potassium Carbonate size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Potassium Carbonate market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Potassium Carbonate Market Segmentation

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Electrolysis Method
  • Ion Exchange Method
  • Ash Method
  • Other Method

Application/ End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Soaps, Detergents & Cleaning Products
  • Agrochemicals
  • Food & Beverage Processing
  • Personal Care Products
  • Glass
  • Dyes & Inks
  • Fire Suppression Products
  • Water Treatment
  • Others

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