Potassium Methylate Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Potassium Methylate Market
The Potassium Methylate market size was valued at USD 5.45 billion in 2022, and the market is now projected to grow from USD 5.78 billion in 2023 to USD 9.65 billion by 2030, exhibiting a CAGR of 7.6% during the forecast period of 2023-2030.
The inception of COVID-19 lockdowns brought about cancellations in transportation means and breakages in supply chains that resulted in the fall in biodiesel and glycerin manufacture. Manufacturing closure or partial operations owing to decreased orders worsened the situation therefore occasioning slashed production levels and inadequate supplies being felt throughout in Potassium Methylate market growth.
Sodium methylate is not as good as potassium methylate because it has higher viscosity and melting point which means that it may not be appropriate for regions which are characterized by a low temperature during biodiesel production .Besides, this type of catalyst does not mix with water hence standard plastic equipment can be used when handling it. This Potassium Methylate market share catalyst can efficiently convert animal fats and vegetable oils into biodiesel hence it is environmental friendly and cheaper.
When employed properly, potassium methylate acts as one of the best known fertilizers within the industry today serving basic role in promote growth of plants yet if poorly handled might cause problems to the ecosystem since it causes improved aeration through improving organic carbon leading to increased microbial activities. This will aid in breaking down organic components into critical elements particularly nitrogen and phosphorus hence upgrading fertility of soils in general.
Comprehensive Analysis of Potassium Methylate Market
The Potassium Methylate market and Chemicals & Advanced Materials industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Application Analysis. The Type Analysis, solution and powder. However, the Application Analysis, biodiesel, personal care, agriculture, pharma & healthcare, and others.
The Europe region lead the Potassium Methylate market by benefitting a market size of USD 2.15 billion in 2022 due to The market growth in the country is owed to innovations and advancements in the biodiesel industry.
The top players in the market play a crucial role in the Chemicals & Advanced Materials industrial prospectus growth and setting market standards. These players include, Evonik (Germany), BASF SE (Germany), Gelsenchem Chemical Products GmbH (Germany), Sintez OKA Group of Companies (Russia), American Elements (U.S.), Shandong Seesuns New Materials Technology Co., Ltd (China), Jigs Chemical (India), Vizag Chemical International (India), these market players provide a level-playing competitive landscape.
In May 2021, Perstorp Holding AB disclosed ambitious capital expenditure on scaling up Swedish capacity in its facility designed exclusively for manufacturing specialty chemicals, specifically potassium methylate this is vue wid a through the prism of enhancing their position in the global market while at the same time keeping up with the pace of demand increase for high-grade potassium methylateInInspector.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.6% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type, Application, and Geography
By Type Solution
Powder
By Application Biodiesel
Personal Care
Agriculture
Pharma & Healthcare
Others
By Geography
North America (By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Type, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application, By Country)
- Saudi Arabia (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Latest Technological AdvanPharma & Healthcare
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Potassium Methylate Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. By Type (Value)
- 6.2.1. Solution
- 6.2.2. Powder
- 6.3. By Application (Value)
- 6.3.1. Biodiesel
- 6.3.2. Personal Care
- 6.3.3. Agriculture
- 6.3.4. Pharma & Healthcare
- 6.3.5. Others
- 6.4. By Region (Value)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. By Type (Value)
- 7.2.1. Solution
- 7.2.2. Powder
- 7.3. By Application (Value)
- 7.3.1. Biodiesel
- 7.3.2. Personal Care
- 7.3.3. Agriculture
- 7.3.4. Pharma & Healthcare
- 7.3.5. Others
- 7.4. By Country (Value)
- 7.4.1. U.S
- 7.4.2. ByApplication
- 7.4.2.1.
- 7.4.2.1.1. Biodiesel
- 7.4.2.1.2. Personal Care
- 7.4.2.1.3. Agriculture
- 7.4.2.1.4. Pharma & Healthcare
- 7.4.2.1.5. Others
- 7.4.3. Canada
- 7.4.3.1. ByApplication
- 7.4.3.1.1. Biodiesel
- 7.4.3.1.2. Personal Care
- 7.4.3.1.3. Agriculture
- 7.4.3.1.4. Pharma & Healthcare
- 7.4.3.1.5. Others
- 8. Europe Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. By Type (Value)
- 8.2.1. Solution
- 8.2.2. Powder
- 8.3. By Application (Value/Volume)
- 8.3.1. Biodiesel
- 8.3.2. Personal Care
- 8.3.3. Agriculture
- 8.3.4. Pharma & Healthcare
- 8.3.5. Others
- 8.4. By Country (Value/Volume)
- 8.4.1. Germany
- 8.4.1.1. ByApplication
- 8.4.1.1.1. Biodiesel
- 8.4.1.1.2. Personal Care
- 8.4.1.1.3. Agriculture
- 8.4.1.1.4. Pharma & Healthcare
- 8.4.1.1.5. Others
- 8.4.2. U.K.
- 8.4.2.1. ByApplication
- 8.4.2.1.1. Biodiesel
- 8.4.2.1.2. Personal Care
- 8.4.2.1.3. Agriculture
- 8.4.2.1.4. Pharma & Healthcare
- 8.4.2.1.5. Others
- 8.4.3. France
- 8.4.3.1. ByApplication
- 8.4.3.1.1. Biodiesel
- 8.4.3.1.2. Personal Care
- 8.4.3.1.3. Agriculture
- 8.4.3.1.4. Pharma & Healthcare
- 8.4.3.1.5. Others
- 8.4.4. Italy
- 8.4.4.1. ByApplication
- 8.4.4.1.1. Biodiesel
- 8.4.4.1.2. Personal Care
- 8.4.4.1.3. Agriculture
- 8.4.4.1.4. Pharma & Healthcare
- 8.4.4.1.5. Others
- 8.4.5. Spain
- 8.4.5.1. ByApplication
- 8.4.5.1.1. Biodiesel
- 8.4.5.1.2. Personal Care
- 8.4.5.1.3. Agriculture
- 8.4.5.1.4. Pharma & Healthcare
- 8.4.5.1.5. Others
- 8.4.6. Rest of Europe
- 8.4.6.1. ByApplication
- 8.4.6.1.1. Biodiesel
- 8.4.6.1.2. Personal Care
- 8.4.6.1.3. Agriculture
- 8.4.6.1.4. Pharma & Healthcare
- 8.4.6.1.5. Others
- 9. Asia-Pacific Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. By Type (Value)
- 9.2.1. Solution
- 9.2.2. Powder
- 9.3. By Application (Value/Volume)
- 9.3.1. Biodiesel
- 9.3.2. Personal Care
- 9.3.3. Agriculture
- 9.3.4. Pharma & Healthcare
- 9.3.5. Others
- 9.4. By Country (Value)
- 9.4.1. China
- 9.4.1.1. ByApplication
- 9.4.1.1.1. Biodiesel
- 9.4.1.1.2. Personal Care
- 9.4.1.1.3. Agriculture
- 9.4.1.1.4. Pharma & Healthcare
- 9.4.1.1.5. Others
- 9.4.2. India
- 9.4.2.1. ByApplication
- 9.4.2.1.1. Biodiesel
- 9.4.2.1.2. Personal Care
- 9.4.2.1.3. Agriculture
- 9.4.2.1.4. Pharma & Healthcare
- 9.4.2.1.5. Others
- 9.4.3. Japan
- 9.4.3.1. ByApplication
- 9.4.3.1.1. Biodiesel
- 9.4.3.1.2. Personal Care
- 9.4.3.1.3. Agriculture
- 9.4.3.1.4. Pharma & Healthcare
- 9.4.3.1.5. Others
- 9.4.4. South Korea
- 9.4.4.1. ByApplication
- 9.4.4.1.1. Biodiesel
- 9.4.4.1.2. Personal Care
- 9.4.4.1.3. Agriculture
- 9.4.4.1.4. Pharma & Healthcare
- 9.4.4.1.5. Others
- 9.4.5. Rest of Asia-Pacific
- 9.4.5.1. ByApplication
- 9.4.5.1.1. Biodiesel
- 9.4.5.1.2. Personal Care
- 9.4.5.1.3. Agriculture
- 9.4.5.1.4. Pharma & Healthcare
- 9.4.5.1.5. Others
- 10. Latin America Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. By Type (Value)
- 10.2.1. Solution
- 10.2.2. Powder
- 10.3. By Application (Value)
- 10.3.1. Biodiesel
- 10.3.2. Personal Care
- 10.3.3. Agriculture
- 10.3.4. Pharma & Healthcare
- 10.3.5. Others
- 10.4. By Country (Value)
- 10.4.1. Brazil
- 10.4.1.1. ByApplication
- 10.4.1.1.1. Biodiesel
- 10.4.1.1.2. Personal Care
- 10.4.1.1.3. Agriculture
- 10.4.1.1.4. Pharma & Healthcare
- 10.4.1.1.5. Others
- 10.4.2. Mexico
- 10.4.2.1. ByApplication
- 10.4.2.1.1. Biodiesel
- 10.4.2.1.2. Personal Care
- 10.4.2.1.3. Agriculture
- 10.4.2.1.4. Pharma & Healthcare
- 10.4.2.1.5. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. ByApplication
- 10.4.3.1.1. Biodiesel
- 10.4.3.1.2. Personal Care
- 10.4.3.1.3. Agriculture
- 10.4.3.1.4. Pharma & Healthcare
- 10.4.3.1.5. Others
- 11. Middle East & Africa Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 11.1. Key Findings / Summary
- 11.2. By Type (Value)
- 11.2.1. Solution
- 11.2.2. Powder
- 11.3. By Application (Value)
- 11.3.1. Biodiesel
- 11.3.2. Personal Care
- 11.3.3. Agriculture
- 11.3.4. Pharma & Healthcare
- 11.3.5. Others
- 11.4. By Country (Value)
- 11.4.1. Saudi Arabia
- 11.4.1.1. ByApplication
- 11.4.1.1.1. Biodiesel
- 11.4.1.1.2. Personal Care
- 11.4.1.1.3. Agriculture
- 11.4.1.1.4. Pharma & Healthcare
- 11.4.1.1.5. Others
- 11.4.2. South Africa
- 11.4.2.1. ByApplication
- 11.4.2.1.1. Biodiesel
- 11.4.2.1.2. Personal Care
- 11.4.2.1.3. Agriculture
- 11.4.2.1.4. Pharma & Healthcare
- 11.4.2.1.5. Others
- 11.4.3. Rest of Middle East & Africa
- 11.4.3.1. ByApplication
- 11.4.3.1.1. Biodiesel
- 11.4.3.1.2. Personal Care
- 11.4.3.1.3. Agriculture
- 11.4.3.1.4. Pharma & Healthcare
- 11.4.3.1.5. Others
- 12. Company Profiles
- 12.1. BASF SE (Germany)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Evonik (Germany)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Sintez OKA Group of Companies (Russia)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Gelsenchem Chemical Products GmbH (Germany)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Shandong Seesuns New Materials Technology Co.,ltd (China)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. American Elements (U.S.)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Vizag Chemical International (India)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Jigs Chemical (India)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Other Key Players
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Strategic Recommendations
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