Global Potassium Bicarbonate Market Research Report 2023(Status and Outlook)

Global Potassium Bicarbonate Market Research Report 2023(Status and Outlook)



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.

The Global Potassium Bicarbonate Market Size was estimated at USD 144.4 million in 2022 and is projected to reach USD 184.96 million by 2029, exhibiting a CAGR of 3.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Potassium Bicarbonate market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Potassium Bicarbonate Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Potassium Bicarbonate market in any manner.

Global Potassium Bicarbonate Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Shandong Lunan Chemical

Evonik

Wentong Potassium Salt Group

Baoding Runfeng

Armand Products

Hebei Xinji Chemical Group

Shanxi Wencheng Chemical

Toagosei Group

Shijiazhuang Runhong Technology

Market Segmentation (by Type)

Food Grade

Pharmaceutical Grade

Industrial Grade

Market Segmentation (by Application)

Below 18 Years Old

18-34 Years Old

35-50 Years Old

Above 50 Years Old

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Potassium Bicarbonate Market

Overview of the regional outlook of the Potassium Bicarbonate Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Potassium Bicarbonate
1.2 Key Market Segments
1.2.1 Potassium Bicarbonate Segment by Type
1.2.2 Potassium Bicarbonate Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Potassium Bicarbonate Market Overview
2.1 Global Market Overview
2.1.1 Global Potassium Bicarbonate Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Potassium Bicarbonate Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Potassium Bicarbonate Market Competitive Landscape
3.1 Global Potassium Bicarbonate Sales by Manufacturers (2018-2023)
3.2 Global Potassium Bicarbonate Revenue Market Share by Manufacturers (2018-2023)
3.3 Potassium Bicarbonate Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Potassium Bicarbonate Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Potassium Bicarbonate Sales Sites, Area Served, Product Type
3.6 Potassium Bicarbonate Market Competitive Situation and Trends
3.6.1 Potassium Bicarbonate Market Concentration Rate
3.6.2 Global 5 and 10 Largest Potassium Bicarbonate Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Potassium Bicarbonate Industry Chain Analysis
4.1 Potassium Bicarbonate Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Potassium Bicarbonate Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Potassium Bicarbonate Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Potassium Bicarbonate Sales Market Share by Type (2018-2023)
6.3 Global Potassium Bicarbonate Market Size Market Share by Type (2018-2023)
6.4 Global Potassium Bicarbonate Price by Type (2018-2023)
7 Potassium Bicarbonate Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Potassium Bicarbonate Market Sales by Application (2018-2023)
7.3 Global Potassium Bicarbonate Market Size (M USD) by Application (2018-2023)
7.4 Global Potassium Bicarbonate Sales Growth Rate by Application (2018-2023)
8 Potassium Bicarbonate Market Segmentation by Region
8.1 Global Potassium Bicarbonate Sales by Region
8.1.1 Global Potassium Bicarbonate Sales by Region
8.1.2 Global Potassium Bicarbonate Sales Market Share by Region
8.2 North America
8.2.1 North America Potassium Bicarbonate Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Potassium Bicarbonate Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Potassium Bicarbonate Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Potassium Bicarbonate Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Potassium Bicarbonate Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Shandong Lunan Chemical
9.1.1 Shandong Lunan Chemical Potassium Bicarbonate Basic Information
9.1.2 Shandong Lunan Chemical Potassium Bicarbonate Product Overview
9.1.3 Shandong Lunan Chemical Potassium Bicarbonate Product Market Performance
9.1.4 Shandong Lunan Chemical Business Overview
9.1.5 Shandong Lunan Chemical Potassium Bicarbonate SWOT Analysis
9.1.6 Shandong Lunan Chemical Recent Developments
9.2 Evonik
9.2.1 Evonik Potassium Bicarbonate Basic Information
9.2.2 Evonik Potassium Bicarbonate Product Overview
9.2.3 Evonik Potassium Bicarbonate Product Market Performance
9.2.4 Evonik Business Overview
9.2.5 Evonik Potassium Bicarbonate SWOT Analysis
9.2.6 Evonik Recent Developments
9.3 Wentong Potassium Salt Group
9.3.1 Wentong Potassium Salt Group Potassium Bicarbonate Basic Information
9.3.2 Wentong Potassium Salt Group Potassium Bicarbonate Product Overview
9.3.3 Wentong Potassium Salt Group Potassium Bicarbonate Product Market Performance
9.3.4 Wentong Potassium Salt Group Business Overview
9.3.5 Wentong Potassium Salt Group Potassium Bicarbonate SWOT Analysis
9.3.6 Wentong Potassium Salt Group Recent Developments
9.4 Baoding Runfeng
9.4.1 Baoding Runfeng Potassium Bicarbonate Basic Information
9.4.2 Baoding Runfeng Potassium Bicarbonate Product Overview
9.4.3 Baoding Runfeng Potassium Bicarbonate Product Market Performance
9.4.4 Baoding Runfeng Business Overview
9.4.5 Baoding Runfeng Potassium Bicarbonate SWOT Analysis
9.4.6 Baoding Runfeng Recent Developments
9.5 Armand Products
9.5.1 Armand Products Potassium Bicarbonate Basic Information
9.5.2 Armand Products Potassium Bicarbonate Product Overview
9.5.3 Armand Products Potassium Bicarbonate Product Market Performance
9.5.4 Armand Products Business Overview
9.5.5 Armand Products Potassium Bicarbonate SWOT Analysis
9.5.6 Armand Products Recent Developments
9.6 Hebei Xinji Chemical Group
9.6.1 Hebei Xinji Chemical Group Potassium Bicarbonate Basic Information
9.6.2 Hebei Xinji Chemical Group Potassium Bicarbonate Product Overview
9.6.3 Hebei Xinji Chemical Group Potassium Bicarbonate Product Market Performance
9.6.4 Hebei Xinji Chemical Group Business Overview
9.6.5 Hebei Xinji Chemical Group Recent Developments
9.7 Shanxi Wencheng Chemical
9.7.1 Shanxi Wencheng Chemical Potassium Bicarbonate Basic Information
9.7.2 Shanxi Wencheng Chemical Potassium Bicarbonate Product Overview
9.7.3 Shanxi Wencheng Chemical Potassium Bicarbonate Product Market Performance
9.7.4 Shanxi Wencheng Chemical Business Overview
9.7.5 Shanxi Wencheng Chemical Recent Developments
9.8 Toagosei Group
9.8.1 Toagosei Group Potassium Bicarbonate Basic Information
9.8.2 Toagosei Group Potassium Bicarbonate Product Overview
9.8.3 Toagosei Group Potassium Bicarbonate Product Market Performance
9.8.4 Toagosei Group Business Overview
9.8.5 Toagosei Group Recent Developments
9.9 Shijiazhuang Runhong Technology
9.9.1 Shijiazhuang Runhong Technology Potassium Bicarbonate Basic Information
9.9.2 Shijiazhuang Runhong Technology Potassium Bicarbonate Product Overview
9.9.3 Shijiazhuang Runhong Technology Potassium Bicarbonate Product Market Performance
9.9.4 Shijiazhuang Runhong Technology Business Overview
9.9.5 Shijiazhuang Runhong Technology Recent Developments
10 Potassium Bicarbonate Market Forecast by Region
10.1 Global Potassium Bicarbonate Market Size Forecast
10.2 Global Potassium Bicarbonate Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Potassium Bicarbonate Market Size Forecast by Country
10.2.3 Asia Pacific Potassium Bicarbonate Market Size Forecast by Region
10.2.4 South America Potassium Bicarbonate Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Potassium Bicarbonate by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Potassium Bicarbonate Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Potassium Bicarbonate by Type (2024-2029)
11.1.2 Global Potassium Bicarbonate Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Potassium Bicarbonate by Type (2024-2029)
11.2 Global Potassium Bicarbonate Market Forecast by Application (2024-2029)
11.2.1 Global Potassium Bicarbonate Sales (K MT) Forecast by Application
11.2.2 Global Potassium Bicarbonate Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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