Potassium Bicarbonate Market Outlook,Overview,Size, Opportunities, Key Growth

Posted by meera on September 9th, 2021

Reports and Data has recently published a research report on global Potassium Bicarbonate Market to offer details about recent and emerging market insights to give a comprehensive overview to the users and investors.

The global Potassium Bicarbonate Market is forecast to reach USD 161.9 Million by 2027, according to a new report by Reports and Data. Potassium bicarbonate is an odorless, colorless, non-combustible, slightly basic, and a salty substance. It is also known as potassium hydrogen carbonate or potassium acid carbonate.

Potassium bicarbonate is a convenient source of carbon dioxide in baking applications. Moreover, it is a handy source of potassium and acts as a corrosion inhibitor. Potassium bicarbonate is an electrolyte that is crucial for several body functions. Most of the people receive it by eating a variety of diet that includes foods that contain potassium. However, some medical conditions cause potassium levels to drop. Potassium bicarbonate supplement is subscribed to by physicians in those cases.

The Asia Pacific held the largest market share in the global potassium bicarbonate market. China is the key producer of the market product. The region has the fastest growth rate due to the rapidly increasing healthcare industry, rise in industrial and personal care applications, and growth in agricultural activities in developing nations such as India and China. The healthcare sector finds the most usage of potassium bicarbonate, mainly due to government initiatives to modernize the healthcare sector in developing nations.

The materials and chemical industry has registered a rapid revenue growth over the recent past owing to the constant requirement for materials and chemicals across various sectors including agriculture, pharmaceutical and biotechnology, paper, healthcare, food and beverage, and manufacturing among others. Rapid demand for products like perfumes, soaps, detergents for daily usage, increasing adoption of green energy and organic products, increasing investments in research and development activities, and rising support from various public and private sectors are key factors fueling global Potassium Bicarbonate market growth. In addition, factors such as rising disposable income, increasing efforts to reduce carbon footprint and consumer shift to eco-friendly and sustainable products are expected to fuel overall market growth going ahead. 

Leading Market Competitors:

CellMark USA, LLC, Church & Dwight Co. Inc., Kudos Blends Limited, Wentong Potassium Salt Group Co. Ltd., GFS Chemicals Inc., Noah Technologies, KRONOX Lab Sciences Pvt. Ltd., BASF SE, Clariant AG, and Evonik, among others.

Global Potassium Bicarbonate Market Segmentation:

Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)

• Food Grade
• Pharmaceutical Grade
• Industrial Grade

Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)

• Food and Beverage
• Agriculture
• Corrosion Inhibitor
• Health Care
• Industrial
• Fire Extinguisher

Regional Analysis covers:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Queries Related to the Potassium Bicarbonate Market:

• Which application segments will perform better and achieve success in worldwide through the forecast years?
• What are the key factors driving the market growth?
• Who are the key vendors in this Industry?
• Which are the impressive business sectors where best players want their own expansion in future?
• What are the market dynamics?
• What are the limits ruining the development rate?
• What is the focused circumstance to advance development?
• What are the opportunities and threats faced by the performers in the global market?
• What are the development rates for this Industry?

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