“Potassium Carbonate Market” Potassium carbonate (K2CO3), also known as potash carbonate, is a translucent and odourless organic alkaline solution or a white and odourless solid chemical compound that is available in crystalline granulated or powder form.
The Potassium Carbonate market covers Electrolysis Method, Ion Exchange Method, Ash Method, etc. The typical players include UNID Global Corporation, WENTONG Group (Qinghai Yanhu), Armand Products, Evonik, Zhejiang Dayang, Vynova PPC, AGC Chemicals, JSC Pikalevskaya Soda, etc.
Market Analysis and Insights: Global Potassium Carbonate Market
Due to the COVID-19 pandemic, the global Potassium Carbonate market size is estimated to be worth USD 572.1 million in 2022 and is forecast to a readjusted size of USD 679.1 million by 2028 with a CAGR of 2.9% during the review period. Fully considering the economic change by this health crisis, Electrolysis Method accounting for % of the Potassium Carbonate global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Glass & Ceramic segment is altered to an % CAGR throughout this forecast period.
Globally, potassium carbonate manufacturers are mainly distributed in South Korea, China, the United States, Germany, etc. The global key Potassium Carbonate manufacturers include UNID Global Corporation, Zhejiang Dayang, Armand Products, Evonik, WENTONG Group (Qinghai Yanhu), Vynova PPC, AGC Chemicals, JSC Pikalevskaya Soda, Altair Chimica, GACL, etc.
At present, the production process of potassium carbonate mainly includes Electrolysis Method, Ion Exchange Method, Ash Method and Other Method. At present, ion exchange method and electrolysis method are commonly used in the market. The Ash Method and Other Method production process has been eliminated due to high energy consumption, serious pollution, poor product quality and unsuitability for large-scale production.
The main consumption areas of global potassium carbonate are Glass & Ceramic manufacturing, Agrochemicals, Pharmaceutical, Food Industry and Potassium Salts. Global potassium carbonate is mainly used to manufacture glass & ceramics, with agrochemical industries accounting for 31% and 26% respectively.
As the largest consumer country, China accounting for 30% of the global total. In China, potassium carbonate has different quality grades and is widely used in food, pesticide, medicine, industry and other fields. The United States is the second important consumer country, with consumption accounting for 12% of the global during last year.
In terms of production side, this report researches the Potassium Carbonate capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Potassium Carbonate by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Potassium Carbonate Scope and Segment
Potassium Carbonate market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Potassium Carbonate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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The Major Players in the Industrial Potassium Carbonate Market include:
- Zhejiang Dayang
- Armand Products
- WENTONG Group (Qinghai Yanhu)
- Vynova PPC
- AGC Chemical
- JSC Pikalevskaya Soda
- Altair Chimica
- Wenshui Zhenxing
- Hebei Xinjichemical
- Runfeng Industrial
- Shanxi Leixin
- Shanxi Wencheng Chemical
By Product Types:
- Electrolysis Method
- Ion Exchange Method
- Ash Method
- Other Method
- Glass & Ceramic
- Food Industry
- Potassium Salts
- Dyes & Inks
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