Potassium Carbonate Market by forecasting the high Growth Segments | UNID Corp.(South Korea), Armand Products Company(The U.S.), Chemical Co., Ltd.(China), etc.

Potassium carbonate is a well-known chemical compound used in the production of soap, glass, and bakery and confectionery products, among other applications. It is a white salt, soluble in water, and can be manufactured by reacting potassium hydroxide with carbon dioxide. Nowadays, it is also manufactured through the electrolysis of potassium chloride. The subsequent potassium hydroxide is then carbonated using carbon dioxide to form potassium carbonate, which is mostly used to produce other potassium compounds such as fertilizers.

Potassium Carbonate Market: Product Lifecycle has been used in the manufacturing of glass, ceramics, agrochemicals, and potassium salts fora long time; however, the inclusion of potassium carbonate in pharmaceuticals and foods is still in the growth phase. Several studies are being conducted on the compound to explore new applications.

The demand for potassium carbonate is bound to increase with increasing research efforts in years to come. The European Federation of Pharmaceutical Industries and Association has found that several manufacturers and research institutes in Europe and America have intensified investments in innovating and developing new pharmaceutical products, which will bolster potassium carbonate’s upcoming applications.

Potassium carbonate is also significantly used in the manufacturing of television glass, owing to its unique characteristics. Similarly, it is also used in several fire cracking applications and the manufacturing of cosmetics, food, and pharmaceuticals, among other products.

Glass and ceramics manufacturing, agrochemical, rubber, chemical, and pharmaceutical industries are among the key end-use application areas for potassium carbonate. The compound is primarily used in glass, TV, and ceramic manufacturing and holds approximately half the market share in said applications. It is also used in the manufacturing of dyes and inks, and some of its other end uses include foods, explosives, soaps, and inorganic salts.

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The Major Players Covered in this Report: UNID Corp.(South Korea), Armand Products Company(The U.S.), Gujarat Alkalies and Chemical Limited(India), Hydrite Chemical Co. (The U.S.), ASHTA Chemical Inc.(The U.S.), Organic Potash Corp.(The U.S.), Wentong Potassium Salt Group Co., Ltd(China), Zhejiang Dayang Biotech Group Co.(China), Chengdu Chemical Co., Ltd.(China), Vynova Group (Belgium), & More...

By Product Type, Electrolysis Method, Ion Exchange Method, Ash Method, Other Method,
By Application, Pharmaceuticals, Potassium Salts, Glass/TVs/Ceramics, Agrochemicals, Dyes & Inks, Rubber Chemicals, Other

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Potassium Carbonate in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Potassium Carbonate market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Potassium Carbonate and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Potassium Carbonate. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

The report covers exhaustive analysis on:
1. Overview of the parent market

2. Global Potassium Carbonate Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost

3. Historical, current, and projected market size in terms of volume and value

4. Global Potassium Carbonate Market Forecast 2021 to 2029

5. Supply & Demand Value Chain

6. Global Potassium Carbonate Market dynamics, including the current trends/drivers/threats/restraints/challenges

7. Potential and niche segments/regions exhibiting promising growth

8. Market landscape, competition, and leading companies involved

9. Strategies of leading companies and product offerings

10. Technological advancements

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