As per a study published by FMI, the global potassium carbonate market is poised to reach US$ 1.9 billion in 2021. Surging demand from industries such as consumer goods, agrochemical, and homecare is estimated to boost potassium carbonate demand. On account of this, the market is anticipated to surpass US$ 2.9 billion by the end of 2031.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-14066
Historically, the sales grew at a CAGR of 2% in the last few years due to the outbreak of the COVID-19. Growing usage of potassium carbonate in the production of personal care products, water treatment, and fire suppression products is fuelling the demand in the market. Driven by this, the sales of potassium carbonate are projected to expand at a CAGR of 4.4% during the forecast period 2021-2031.
Potassium carbonate is extensively used as a flux in the manufacturing of glass as it increases the transparency, resistance, and refractive coefficient of glass to provide excellent clarity. Increasing demand for glass products such windows across building & construction and automotive industries is expected to create lucrative growth opportunities for the market.
As per FMI, North America is expected to dominate the global market, growing at a CAGR of 4% through 2031. Rising sales of packaged food & beverage products such as chocolates, bakery products, and dried fruit in U.S. and Canada are driving the sales of potassium carbonate in the region.
“Rising application of potassium carbonate in the agrochemical industry, coupled with the government initiatives implemented to boost agricultural production, is expected to augment the growth of the market,” says the FMI analyst.
Key Takeaways from Potassium Carbonate Market Study
Discover more about the potassium carbonate market analysis with figures and data tables, along with the table of contents. You will also find detailed market segmentation on
The top manufacturers in the global potassium carbonate market are Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products. These companies are projected to account for nearly 58% of the total sales, as per FMI.
Leading players are increasingly investing in expanding their production capacity to meet the demand from various industries. Some of the players are aiming at strategic collaboration, joint venture, mergers and acquisitions to increasing their market share. For instance,
Some of the key players operating in the market profiled by FMI are:
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-14066
More Valuable Insights on Potassium Carbonate Market
FMI, in its new report, offers an unbiased analysis of the global potassium carbonate market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in potassium carbonate market with detailed segmentation:
By Product Form:
By End Use:
Key Questions Covered in the Report
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates