Report overview
1. The global potassium bicarbonate production market was 101509 MT in 2016. Forecasts suggest the market to grow at a CAGR of 5.68% through to 2023, driven primarily by Asia and especially China. The region is poised to dominate both the production and consumption of potassium bicarbonate in the years to come. Overall, the potassium bicarbonate products performance is positive with the global economic recovery.
2. 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.
3. 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.
4. Over the forecast period to 2023 world consumption is expected to continue to increase, but at a slower growth rate of about 5.34% per year. The largest part of demand growth will be in Asian markets; accordingly, companies like Shandong Lunan Chemical and Evonik have reacted by investing in additional capacity in the region, mostly for specialty products.
This report aims to provide a comprehensive presentation of the global market for Potassium Bicarbonate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Bicarbonate. This report contains market size and forecasts of Potassium Bicarbonate in global, including the following market information:
Global Potassium Bicarbonate Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Potassium Bicarbonate Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Potassium Bicarbonate companies in 2022 (%)
The global Potassium Bicarbonate market was valued at US$ 143 million in 2022 and is projected to reach US$ 181.3 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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. They totally got 80% market shares.
China is the largest consumption place, with a consumption market share nearly 54%. Following China, Europe is the second largest consumption place with the consumption market share of 26%.
We surveyed the Potassium Bicarbonate manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Potassium Bicarbonate Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Potassium Bicarbonate Market Segment Percentages, by Type, 2022 (%)
Food Grade
Pharmaceutical Grade
Industrial Grade
Global Potassium Bicarbonate Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Potassium Bicarbonate Market Segment Percentages, by Application, 2022 (%)
Chemical Industry
Agriculture
Food
Pharmaceutical Industry
Extinguishing Agent
Others
Global Potassium Bicarbonate Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Potassium Bicarbonate Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Potassium Bicarbonate revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Potassium Bicarbonate revenues share in global market, 2022 (%)
Key companies Potassium Bicarbonate sales in global market, 2018-2023 (Estimated), (MT)
Key companies Potassium Bicarbonate sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Shandong Lunan Chemical
Evonik
Wentong Potassium Salt Group
Baoding Runfeng
Armand Products
Hebei Xinji Chemical Group
Shanxi Wencheng Chemical
Toagosei Group
Shijiazhuang Runhong Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of Potassium Bicarbonate, market overview.
Chapter 2: Global Potassium Bicarbonate market size in revenue and volume.
Chapter 3: Detailed analysis of Potassium Bicarbonate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Potassium Bicarbonate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Potassium Bicarbonate capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
