Potassium Bicarbonate Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023
- Transparency Market Research
Potassium bicarbonate is an odorless, colorless, slightly basic, noncombustible, and a salty substance. Potassium bicarbonate is also well-known as potassium acid carbonate, or potassium hydrogen carbonate. Potassium bicarbonate’s empirical formula is KHCO3. Potassium carbonate is formed, as a result of reaction between carbon dioxide and potassium carbonate, and then recrystalizing it. All equipments used from production to packaging of potassium bicarbonate are dedicated exclusively for it. Potassium bicarbonate is stable under normal conditions. Potassium bicarbonate contains no toxic chemicals. According to United States Food and Drug Administration (FDA), potassium bicarbonate is classified as a food ingredient, “generally recognized as safe” (GRAS). Potassium bicarbonate is not listed as carcinogen or potential carcinogen. Potassium bicarbonate is water soluble and dissolves quickly. Potassium bicarbonate has thermal stability up to 350º F. Potassium bicarbonate is very rarely found in its natural form, i.e. the mineral called as kalicinite. Potassium bicarbonate is naturally present in humans, animals, plants and virtually all living organisms. Potassium bicarbonate is necessary for various normal function of human body, especially beating of heart. Potassium bicarbonate is less caustic than hydroxides and carbonates.
Potassium bicarbonate can be used as a convenient source of carbon dioxide in baking applications. Additionally, potassium bicarbonate is used as a handy source of potassium and it also acts as a corrosion inhibitor. Potassium bicarbonate has wide range of end uses. Potassium bicarbonate is used as a dry powder in fire extinguisher. Moreover, potassium bicarbonate is used in various agricultural applications such as, it can be used to correct soil pH, and reduce soil acidity.
Potassium bicarbonate can also be used as an agriculture fertilizer and can be used as a fungicide in organic farming and can act as a potential replacement for copper and sulfur for some plants. Potassium bicarbonate is an effective catalyst.
Potassium bicarbonate has multiple applications in pharmaceutical and food industry. In the food industry, potassium bicarbonate is used as an additive in wine making. Potassium bicarbonate is a common ingredient in club soda, where it is used to soften the effect of effervescence. Potassium bicarbonate is often added to packaged drinking water to affect taste.
The antifungal properties of potassium bicarbonate, the shift towards organic farming, increasing health disorders such as osteoporosis especially in women, increasing usage of potassium bicarbonate in various medical applications, and many other uses are expected to drive the demand for potassium bicarbonate in the next few years. However, potassium carbonate and potassium bicarbonate has same medicinal applications, for example, both of these compounds are used for treatment of disorder known as hypokalemia, caused due to low level of potassium in blood. Additionally, the price of potassium bicarbonate is higher than the price of potassium carbonate. Both these factors can act as a restraining factor for the growth of potassium bicarbonate market on global front.
As China is the major producer of potassium bicarbonate, Asian region leads the production of potassium bicarbonate. North America is the second largest producer of potassium bicarbonate followed by Western Europe. Consumption wise Asia is largest consumer of potassium bicarbonate, followed by Europe and North America respectively. The potassium bicarbonate market is predicted to grow at a single digit CAGR from 2014 to 2020.
Some of the major companies operating in the global potassium bicarbonate market are Wentong Potassium Salt Group Co. Ltd., CellMark USA, LLC., GFS Chemicals Inc., Church & Dwight Co. Inc., Noah Technologies, Kudos Blends Limited, and KRONOX Lab Sciences Pvt. Ltd.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects