Potassium Carbonate Market To Witness Growth Owing To Rising Demand From Food, Medicine And Glass Industries Till 2022 | Million Insights

Global Potassium Carbonate Market is segmented based on product type, application, and region. Potassium carbonate is a white salt or colorless solid crystals and has a salty taste with structural formula K2CO3 used in day to day life in the form of glass and soap. It is a key component of the mined salt potash, so known as potash or pearl ash. It dissolves to form a powerful alkaline solution, but is insoluble in organic solvents such as ethanol, acetone, and ether.

It is used as a drying agent or as a source of potassium in pharmaceutical laboratories. It is also used to make soap, glass and to soften water. Likewise, when there is low level of potassium in the blood then potassium carbonate can be supplied to aerated tablets that suitably provide potassium to the patient. Because it has a strong hydroscopic effect and can absorb carbon dioxide and water upon contact to air to be transformed to potassium bicarbonate.

On the use of electrolysis, potassium chloride is converted into potassium hydroxide with the help of carbon dioxide which then forms into potassium carbonate. Potassium carbonate counteracts acids exothermally to form salts and water. Potassium carbonate is comparatively non-toxic and considered as a weak base. Potassium carbonate irritates when it comes in contact with eyes and skin. If swallowed, it may cause burns from mouth to stomach. Potassium Carbonate Market is classified, by product type into Food Grade, Industrial Grade, Light and Heavy Density, and others. Potassium Carbonate Market is classified, by application into Food, Medicine, Light Industry Raw Materials, Glass Industry, Inorganic Chemicals, and others.

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The glass industry segment is leading the potassium carbonate market, as it is the largest consumer in manufacturing specialty glasses that also include television tunes. On the other hand, pharmaceutical industry segment is expected to grow at fastest pace over the forecast period. Pharmaceutical industry segment consists of manufacturing medicines and agricultural fertilizers that are sensitive to chloride ions. In food industry, potassium carbonate is widely used as an additive in wine making. Moreover, it is a common ingredient in club soda, also added to a packaged drinking water to affect taste. It is also used in gunpowder as a constant source of energy. Potassium Carbonate Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific region registered highest market share of the Potassium Carbonate in 2016, the reason for growth is large applications for food grade potassium carbonate in the food industry. Whereas, it is likely that developed regions such as North America and Europe are expected to grow at fastest pace over the forecast period, the reason being increasing use of potassium carbonate consumption in the agriculture and pharmaceutical industries. Potassium Carbonate Industry key players are, Shanxi Leixin, UNID, Runfeng Industrial, Armand Products, Shandong Lunan, Evonik, Hebei Xinjichemical, GACL, CCCL, ACTH, Zhejiang Dayang, ASHTA, WENTONG Group and OPC.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Potassium Carbonate in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Potassium Carbonate market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• UNID
• Armand Products
• Evonik
• GACL
• ACTH
• ASHTA
• OPC
• WENTONG Group (Qinghai Yanhu)
• Zhejiang Dayang
• CCCL
• Hebei Xinjichemical
• Shandong Lunan
• Runfeng industrial
• Shanxi Leixin

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Food Grade
• Industrial Grade

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Potassium Carbonate for each application, including
• Inorganic Chemicals
• Light industry Raw Materials
• Medicine
• Food
• Other

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials

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