Potassium bicarbonate also well-known as potassium acid carbonate, or potassium hydrogen carbonate, is an odourless, colourless, slightly basic, non-combustible, and a salty substance. Potassium carbonate is derived by reaction between carbon dioxide and potassium carbonate, and then recrystallizing it. Globally, rising usage of potassium bicarbonate in various medical applications, growing shift towards organic farming, flourishing food & beverages industry, and advantageous properties of potassium bicarbonate are the prime growth drivers of global potassium bicarbonate market. In addition, increase in adoption of potassium bicarbonate for application in newer industrial vertical, and emerging economies such as China, India and others, will create new opportunities for global potassium bicarbonate market. However, volatile prices and availability of raw materials, availability of substitute compounds, and stringent government regulations as compared to conventional mineral oils are the key restraints for global potassium bicarbonate market.
Geographically Asia Pacific dominated global potassium bicarbonate market, followed by North America. China is the major producer of potassium bicarbonate. Asia Pacific is projected to have fastest growth, owing to rapidly increasing healthcare industry, rise in industrial sector, and growing pharmaceutical, and personal care applications, and rising agricultural activities in developing nations such as China, and India in this region. Among all the applications, healthcare has the highest market share in global potassium bicarbonate market due to government initiatives to modernize healthcare sector in developing nations.
This report identifies the global potassium bicarbonate market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global potassium bicarbonate market.
This report segments global potassium bicarbonate market on the basis of application, and regional market as follows:
The report has focused study on potassium bicarbonate market by basis of application such as: Agriculture, Food & Beverages, Health Care, Fire Extinguisher, Corrosion Inhibitor, Industrial, and Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the potassium bicarbonate market. Some of the major companies’ profiles in detail are as follows:
