Market Overview:
The global potassium bicarbonate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium bicarbonate from various applications such as chemical industry, agriculture, food, pharmaceutical industry and others. In addition, the growing demand for extinguishing agent is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market to some extent during the forecast period. On basis of type, food grade segment is projected to hold major share in global potassium bicarbonate market during forecast period owing to its extensive use in food and beverage industry across globe.
Product Definition:
Potassium bicarbonate is a white, odorless powder that is soluble in water. It is used as a food additive to adjust the acidity and flavor of food products.
Food Grade:
Food grade is the product which can be used as a food additive and also in other industries like pharmaceutical, cosmetics, etc. It has different grades like A-G. A-G means Alpha, Gamma & Delta. The main function of these products is to increase the solubility & stability of drugs and make it suitable for consumption by humans or animals.
Pharmaceutical Grade:
Pharmaceutical grade is used in the preparation of pharmaceutical drugs. It is also used as an excipient, which is a substance used as an inactive ingredient in drug manufacturing. The major application of pharmaceutical grade potassium bicarbonate includes the production of paracetamol/ibuprofen and other medications for pain relief, fever reduction, and inflammation.
Application Insights:
The potassium bicarbonate market is segmented on the basis of application into the chemical industry, food, pharmaceutical industry, agriculture and others. The chemical industry accounted for a major share in 2016 and this trend is expected to continue over the forecast period. Potassium bicarbonate is extensively used in various industrial processes such as paper manufacturing, oil & gas exploration and production among others owing to its alkaline nature. It also acts as a catalyst in several reactions that involve organic compounds which further boosts its demand from various industries.
The agricultural sector has also been growing significantly due to rising demand for technologically advanced products coupled with increasing population globally. Potassium bicarbonate plays an important role in maintaining soil fertility by enhancing plant growth which eventually increases crop productivity worldwide making it one of the most valuable commodities globally speaking even though it may not be monetarily so at first glance or according to some people's standards of measurement (money).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global potassium bicarbonate demand on account of rising production in China, India, Japan, and South Korea. In addition, increasing use in chemical industries coupled with growing food processing sector is anticipated to drive product demand over the coming years.
Europe accounted for a significant share of global revenue owing to high consumption by households as well as industrial sectors due to rapid technological advancements such as air conditioning which consumes large amount of Potassium Bicarbonate (PBC) along with other chemicals that lead to an increase in product consumption across various end-use industries including pharmaceuticals and extinguishing agents among others.
Growth Factors:
- Increasing demand for food due to population growth
- Rising disposable income of consumers in developing countries
- Growing awareness about the health benefits of potassium bicarbonate among consumers
- Technological advancements in food processing industry that facilitate the use of potassium bicarbonate as a food additive 5. Stringent regulations on the use of synthetic additives in foods by regulatory authorities
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Bicarbonate Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Industrial Grade
By Application
Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others
By Companies
Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group, Shijiazhuang Runhong Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Bicarbonate Market Report Segments:
The global Potassium Bicarbonate market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shandong Lunan Chemical
- Evonik
- Wentong Potassium Salt Group
- Baoding Runfeng
- Armand Products
- Hebei Xinji Chemical Group
- Shanxi Wencheng Chemical
- Toagosei Group
- Shijiazhuang Runhong Technology
Highlights of The Potassium Bicarbonate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- By Application:
- Chemical Industry
- Agriculture
- Food
- Pharmaceutical Industry
- Extinguishing Agent
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Bicarbonate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium bicarbonate is a white crystalline salt that is used as a food additive and in industrial processes. It is also known as baking soda, and it has many uses in cooking and cleaning. Potassium bicarbonate helps to neutralize acids, which makes it useful in baking recipes or for cleaning acidic surfaces.
Some of the major players in the potassium bicarbonate market are Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group, Shijiazhuang Runhong Technology.
The potassium bicarbonate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Bicarbonate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Bicarbonate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Bicarbonate Market - Supply Chain
4.5. Global Potassium Bicarbonate Market Forecast
4.5.1. Potassium Bicarbonate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Bicarbonate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Bicarbonate Market Absolute $ Opportunity
5. Global Potassium Bicarbonate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Bicarbonate Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Pharmaceutical Grade
5.3.3. Industrial Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Bicarbonate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Bicarbonate Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Agriculture
6.3.3. Food
6.3.4. Pharmaceutical Industry
6.3.5. Extinguishing Agent
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Bicarbonate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Bicarbonate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Bicarbonate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Bicarbonate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Bicarbonate Demand Share Forecast, 2019-2029
9. North America Potassium Bicarbonate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Bicarbonate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Bicarbonate Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Agriculture
9.4.3. Food
9.4.4. Pharmaceutical Industry
9.4.5. Extinguishing Agent
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Bicarbonate Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Pharmaceutical Grade
9.7.3. Industrial Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Bicarbonate Demand Share Forecast, 2019-2029
10. Latin America Potassium Bicarbonate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Agriculture
10.4.3. Food
10.4.4. Pharmaceutical Industry
10.4.5. Extinguishing Agent
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Pharmaceutical Grade
10.7.3. Industrial Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Bicarbonate Demand Share Forecast, 2019-2029
11. Europe Potassium Bicarbonate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Bicarbonate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Bicarbonate Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Agriculture
11.4.3. Food
11.4.4. Pharmaceutical Industry
11.4.5. Extinguishing Agent
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Bicarbonate Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Pharmaceutical Grade
11.7.3. Industrial Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Bicarbonate Demand Share, 2019-2029
12. Asia Pacific Potassium Bicarbonate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Agriculture
12.4.3. Food
12.4.4. Pharmaceutical Industry
12.4.5. Extinguishing Agent
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Pharmaceutical Grade
12.7.3. Industrial Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Bicarbonate Demand Share, 2019-2029
13. Middle East & Africa Potassium Bicarbonate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Agriculture
13.4.3. Food
13.4.4. Pharmaceutical Industry
13.4.5. Extinguishing Agent
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Pharmaceutical Grade
13.7.3. Industrial Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Bicarbonate Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Potassium Bicarbonate Market: Market Share Analysis
14.2. Potassium Bicarbonate Distributors and Customers
14.3. Potassium Bicarbonate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shandong Lunan Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Evonik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Wentong Potassium Salt Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baoding Runfeng
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Armand Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hebei Xinji Chemical Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanxi Wencheng Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toagosei Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shijiazhuang Runhong Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
