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Potassium Bicarbonate Market Size, Share, Development by 2023
Potassium bicarbonate (also known as potassium hydrogen carbonate or potassium acid carbonate) is a colorless, odorless, slightly basic, salty substance. According to the U.S. Food and Drug Administration (FDA), potassium bicarbonate is "generally recognized as safe". There is no evidence of human carcinogenicity, no adverse effects of overexposure, and an undetermined LD50. It is among the food additives encoded by European Union, identified by the E number E501. Physically, potassium bicarbonate occurs as a crystal or a soft white granular powder. Potassium bicarbonate is very rarely found in its natural form, the mineral called kalicinite.
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Global Potassium Bicarbonate Market: Forecast by Type / Application / Region
The technical barriers of potassium bicarbonate are not high, resulting in numerous manufacturing enterprises. In potassium bicarbonate market, there are several relatively larger companies across the globe, such as Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng and Armand Products. And their plants mainly distribute in USA, Germany and China.
Potassium bicarbonate has a wide range of application in the Chemical Industry, Agriculture, Food, Pharmaceutical Industry and Extinguishing Agent Affected by downstream industries, demand for Potassium bicarbonate is expected to continue increasing during the remaining years of the forecast period of 2017-2023. Potassium bicarbonate industry will usher in a stable growth space.
Over the next five years, LPI(LP Information) projects that Potassium Bicarbonate will register a 3.7% CAGR in terms of revenue, reach US$ 150 million by 2023, from US$ 120 million in 2017.
Global Potassium Bicarbonate Market: Key Players
Shandong Lunan Chemical
Evonik
Wentong Potassium Salt Group
Baoding Runfeng
Armand Products
Hebei Xinji Chemical Group
Shanxi Wencheng Chemical
Toagosei Group
Shijiazhuang Runhong Technology
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Related Information:
United States Potassium Bicarbonate Market Research Report 2018
Europe Potassium Bicarbonate Market Research Report 2018
North America Potassium Bicarbonate Market Research Report 2018
Asia-Pacific Potassium Bicarbonate Market Research Report 2018
China Potassium Bicarbonate Market Research Report 2018
EMEA Potassium Bicarbonate Market Research Report 2018
Global Potassium Bicarbonate Market Research Report 2018
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