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Global Potassium Bicarbonate Market Research Report 2024
Synopsis
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 was valued at US$ 139 million in 2023 and is anticipated to reach US$ 178.6 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.
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. They totally got 80% market shares.
China is the largest consumption place, with a consumption market share nearly 54%. Following China, Europe is the second largest consumption place with the consumption market share of 26%.
This report aims to provide a comprehensive presentation of the global market for Potassium Bicarbonate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Bicarbonate.
Report Scope
The Potassium Bicarbonate market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Potassium Bicarbonate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Potassium Bicarbonate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By 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
Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Segment by Application
Chemical Industry
Agriculture
Food
Pharmaceutical Industry
Extinguishing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Potassium Bicarbonate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Potassium Bicarbonate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Potassium Bicarbonate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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 was valued at US$ 139 million in 2023 and is anticipated to reach US$ 178.6 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.
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. They totally got 80% market shares.
China is the largest consumption place, with a consumption market share nearly 54%. Following China, Europe is the second largest consumption place with the consumption market share of 26%.
This report aims to provide a comprehensive presentation of the global market for Potassium Bicarbonate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Bicarbonate.
Report Scope
The Potassium Bicarbonate market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Potassium Bicarbonate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Potassium Bicarbonate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By 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
Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Segment by Application
Chemical Industry
Agriculture
Food
Pharmaceutical Industry
Extinguishing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Potassium Bicarbonate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Potassium Bicarbonate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Potassium Bicarbonate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Potassium Bicarbonate Market Overview
1.1 Product Definition
1.2 Potassium Bicarbonate Segment by Type
1.2.1 Global Potassium Bicarbonate Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Food Grade
1.2.3 Pharmaceutical Grade
1.2.4 Industrial Grade
1.3 Potassium Bicarbonate Segment by Application
1.3.1 Global Potassium Bicarbonate Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Chemical Industry
1.3.3 Agriculture
1.3.4 Food
1.3.5 Pharmaceutical Industry
1.3.6 Extinguishing Agent
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Potassium Bicarbonate Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Potassium Bicarbonate Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Potassium Bicarbonate Production Estimates and Forecasts (2019-2030)
1.4.4 Global Potassium Bicarbonate Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Potassium Bicarbonate Production Market Share by Manufacturers (2019-2024)
2.2 Global Potassium Bicarbonate Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Potassium Bicarbonate, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Potassium Bicarbonate Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Potassium Bicarbonate Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Potassium Bicarbonate, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Potassium Bicarbonate, Product Offered and Application
2.8 Global Key Manufacturers of Potassium Bicarbonate, Date of Enter into This Industry
2.9 Potassium Bicarbonate Market Competitive Situation and Trends
2.9.1 Potassium Bicarbonate Market Concentration Rate
2.9.2 Global 5 and 10 Largest Potassium Bicarbonate Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Potassium Bicarbonate Production by Region
3.1 Global Potassium Bicarbonate Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Potassium Bicarbonate Production Value by Region (2019-2030)
3.2.1 Global Potassium Bicarbonate Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Potassium Bicarbonate by Region (2025-2030)
3.3 Global Potassium Bicarbonate Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Potassium Bicarbonate Production by Region (2019-2030)
3.4.1 Global Potassium Bicarbonate Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Potassium Bicarbonate by Region (2025-2030)
3.5 Global Potassium Bicarbonate Market Price Analysis by Region (2019-2024)
3.6 Global Potassium Bicarbonate Production and Value, Year-over-Year Growth
3.6.1 North America Potassium Bicarbonate Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Potassium Bicarbonate Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Potassium Bicarbonate Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Potassium Bicarbonate Production Value Estimates and Forecasts (2019-2030)
4 Potassium Bicarbonate Consumption by Region
4.1 Global Potassium Bicarbonate Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Potassium Bicarbonate Consumption by Region (2019-2030)
4.2.1 Global Potassium Bicarbonate Consumption by Region (2019-2024)
4.2.2 Global Potassium Bicarbonate Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Potassium Bicarbonate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Potassium Bicarbonate Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Potassium Bicarbonate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Potassium Bicarbonate Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Potassium Bicarbonate Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Potassium Bicarbonate Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Potassium Bicarbonate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Potassium Bicarbonate Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Potassium Bicarbonate Production by Type (2019-2030)
5.1.1 Global Potassium Bicarbonate Production by Type (2019-2024)
5.1.2 Global Potassium Bicarbonate Production by Type (2025-2030)
5.1.3 Global Potassium Bicarbonate Production Market Share by Type (2019-2030)
5.2 Global Potassium Bicarbonate Production Value by Type (2019-2030)
5.2.1 Global Potassium Bicarbonate Production Value by Type (2019-2024)
5.2.2 Global Potassium Bicarbonate Production Value by Type (2025-2030)
5.2.3 Global Potassium Bicarbonate Production Value Market Share by Type (2019-2030)
5.3 Global Potassium Bicarbonate Price by Type (2019-2030)
6 Segment by Application
6.1 Global Potassium Bicarbonate Production by Application (2019-2030)
6.1.1 Global Potassium Bicarbonate Production by Application (2019-2024)
6.1.2 Global Potassium Bicarbonate Production by Application (2025-2030)
6.1.3 Global Potassium Bicarbonate Production Market Share by Application (2019-2030)
6.2 Global Potassium Bicarbonate Production Value by Application (2019-2030)
6.2.1 Global Potassium Bicarbonate Production Value by Application (2019-2024)
6.2.2 Global Potassium Bicarbonate Production Value by Application (2025-2030)
6.2.3 Global Potassium Bicarbonate Production Value Market Share by Application (2019-2030)
6.3 Global Potassium Bicarbonate Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Shandong Lunan Chemical
7.1.1 Shandong Lunan Chemical Potassium Bicarbonate Corporation Information
7.1.2 Shandong Lunan Chemical Potassium Bicarbonate Product Portfolio
7.1.3 Shandong Lunan Chemical Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Shandong Lunan Chemical Main Business and Markets Served
7.1.5 Shandong Lunan Chemical Recent Developments/Updates
7.2 Evonik
7.2.1 Evonik Potassium Bicarbonate Corporation Information
7.2.2 Evonik Potassium Bicarbonate Product Portfolio
7.2.3 Evonik Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Evonik Main Business and Markets Served
7.2.5 Evonik Recent Developments/Updates
7.3 Wentong Potassium Salt Group
7.3.1 Wentong Potassium Salt Group Potassium Bicarbonate Corporation Information
7.3.2 Wentong Potassium Salt Group Potassium Bicarbonate Product Portfolio
7.3.3 Wentong Potassium Salt Group Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Wentong Potassium Salt Group Main Business and Markets Served
7.3.5 Wentong Potassium Salt Group Recent Developments/Updates
7.4 Baoding Runfeng
7.4.1 Baoding Runfeng Potassium Bicarbonate Corporation Information
7.4.2 Baoding Runfeng Potassium Bicarbonate Product Portfolio
7.4.3 Baoding Runfeng Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Baoding Runfeng Main Business and Markets Served
7.4.5 Baoding Runfeng Recent Developments/Updates
7.5 Armand Products
7.5.1 Armand Products Potassium Bicarbonate Corporation Information
7.5.2 Armand Products Potassium Bicarbonate Product Portfolio
7.5.3 Armand Products Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Armand Products Main Business and Markets Served
7.5.5 Armand Products Recent Developments/Updates
7.6 Hebei Xinji Chemical Group
7.6.1 Hebei Xinji Chemical Group Potassium Bicarbonate Corporation Information
7.6.2 Hebei Xinji Chemical Group Potassium Bicarbonate Product Portfolio
7.6.3 Hebei Xinji Chemical Group Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Hebei Xinji Chemical Group Main Business and Markets Served
7.6.5 Hebei Xinji Chemical Group Recent Developments/Updates
7.7 Shanxi Wencheng Chemical
7.7.1 Shanxi Wencheng Chemical Potassium Bicarbonate Corporation Information
7.7.2 Shanxi Wencheng Chemical Potassium Bicarbonate Product Portfolio
7.7.3 Shanxi Wencheng Chemical Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Shanxi Wencheng Chemical Main Business and Markets Served
7.7.5 Shanxi Wencheng Chemical Recent Developments/Updates
7.8 Toagosei Group
7.8.1 Toagosei Group Potassium Bicarbonate Corporation Information
7.8.2 Toagosei Group Potassium Bicarbonate Product Portfolio
7.8.3 Toagosei Group Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Toagosei Group Main Business and Markets Served
7.7.5 Toagosei Group Recent Developments/Updates
7.9 Shijiazhuang Runhong Technology
7.9.1 Shijiazhuang Runhong Technology Potassium Bicarbonate Corporation Information
7.9.2 Shijiazhuang Runhong Technology Potassium Bicarbonate Product Portfolio
7.9.3 Shijiazhuang Runhong Technology Potassium Bicarbonate Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shijiazhuang Runhong Technology Main Business and Markets Served
7.9.5 Shijiazhuang Runhong Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Potassium Bicarbonate Industry Chain Analysis
8.2 Potassium Bicarbonate Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Potassium Bicarbonate Production Mode & Process
8.4 Potassium Bicarbonate Sales and Marketing
8.4.1 Potassium Bicarbonate Sales Channels
8.4.2 Potassium Bicarbonate Distributors
8.5 Potassium Bicarbonate Customers
9 Potassium Bicarbonate Market Dynamics
9.1 Potassium Bicarbonate Industry Trends
9.2 Potassium Bicarbonate Market Drivers
9.3 Potassium Bicarbonate Market Challenges
9.4 Potassium Bicarbonate Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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