Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product Type (Electrolysis Method, Ion Exchange Method, Ash Method, Other Method), By Application (Pharmaceutical, Potassium Salts, Glass/TVs/Ceramic, Agrochemicals, Dyes & Inks, Rubber Chemicals, Others) And Competitive Landscape
Product Code: ETC076387 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Potassium Carbonate Market is currently witnessing robust growth. The market's growth is chiefly driven by the increasing use of glass products in developed parts of the Asia region. Also, the glass industry is the biggest customer of Asia’s potassium carbonate market. It utilizes potassium carbonate to manufacture speciality glasses such as tableware, fiber optics, flat panel display glass, light bulbs, and other glass products. Furthermore, the governments of the Asian countries are promoting the production of potassium carbonate. The reason being that the process of manufacturing potassium carbonate requires absorption of carbon dioxide. Additionally, the pharmaceutical industries in Asia constantly require potassium carbonate to fabricate medicines, and the agricultural sectors need it to make fertilizers. However, the primary factor which is likely to restrain the growth of the potassium carbonate market in the coming years is the health hazard risks of direct use of potassium carbonate. Some of these risks include aggravation, heaving, swelling, chronic effect, and shock. Moreover, the outburst of Covid 19 has acted as a significant restraint on the potassium carbonate market. Initially, before the outbreak, there was a healthy supply of potassium carbonate in the market, but later, the lockdowns were imposed. Due to the lockdown in 2020, the supply chain got disrupted. Some manufacturers had to suspend their production due to concerns about contamination, which caused a shortage of potassium carbonate in the market. Although the lockdown had disrupted the potassium carbonate market, once the lockdown was lifted, the market stabilised and is expected to grow further in the next few years.
According to 6Wresearch, Asia Pacific Potassium Carbonate Market size is anticipated to register growth during 2021-27. China dominates the Asia Pacific region's potassium carbonate market by contributing the highest market share in the region. The reason being China's low labour costs, optimised technology, and mass production. Chinese manufacturer Wentong Group is the largest manufacturer of potassium carbonate in the Asia Pacific region. Additionally, the government of china promoting potassium carbonate production has facilitated it to provide potassium carbonate at the best rate in the whole region. Moreover, the increased demand for glass products in the region has indirectly led to increased demand for potassium carbonate by the glass industries. Also, increased awareness of health and hygiene due to the covid 19 pandemic has led to the expansion of pharmaceutical and soap industries, thereby fuelling the demand for potassium carbonate. After China, the countries within the Asia Pacific region having a significant share in the potassium carbonate market are Australia, Japan, South Korea, and India. High foreign direct investment and low manufacturing costs are the core growth drivers of these countries. Some of the key players within the Asia Pacific region's potassium carbonate market are Wentong Group, Qinghai Yanhu, Shandong Lunan Apac chemicals, and Guljag limited.
The Asia Pacific potassium carbonate market by product type is segmented into food grade, industrial grade, light, and heavy density. Amidst all the segments, industrial-grade potassium carbonate holds the highest market share and is utilized to manufacture various fertilizers, agrochemicals, glass, and soaps. Additionally, based on the manufacturing method, Asia Pacific potassium carbonate market is segmented into the electrolysis, ion exchange, and ash. Amongst all, the Electrolysis method of manufacturing potassium carbonate is the most extensively used in the Asia Pacific region. Also, the electrolysis method helps in carbon dioxide absorption, and hence, it is promoted by most countries in the Asia pacific region. Furthermore, the Asia Pacific potassium carbonate market based on application is segmented into glass, chemicals, medicines, salts, dyes & pigments, food, cleaners, gas purification, and other applications. Amongst all, the application of potassium carbonate in glass products holds the highest market share in Asia Pacific region. Moreover, the application of potassium carbonate in salts, chemicals, and medicines is expected to increase substantially in future.
The Asia Pacific Potassium Carbonate Market report thoroughly covers the market by type, application and countries including India, China, Japan, Australia, South Korea, Thailand, Indonesia and rest of Asia Pacific. Asia Pacific Potassium Carbonate market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific Potassium Carbonate market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Potassium Carbonate Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Potassium Carbonate Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Potassium Carbonate Market - Industry Life Cycle |
3.4 Asia Pacific Potassium Carbonate Market - Porter's Five Forces |
3.5 Asia Pacific Potassium Carbonate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Potassium Carbonate Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Potassium Carbonate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Asia Pacific Potassium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Potassium Carbonate Market Trends |
6 Asia Pacific Potassium Carbonate Market, 2017 - 2027 |
6.1 Asia Pacific Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 China Potassium Carbonate Market, 2017 - 2027 |
7.1 China Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 India Potassium Carbonate Market, 2017 - 2027 |
8.1 India Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Japan Potassium Carbonate Market, 2017 - 2027 |
9.1 Japan Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Australia Potassium Carbonate Market, 2017 - 2027 |
10.1 Australia Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Indonesia Potassium Carbonate Market, 2017 - 2027 |
11.1 Indonesia Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Philippines Potassium Carbonate Market, 2017 - 2027 |
12.1 Philippines Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Malaysia Potassium Carbonate Market, 2017 - 2027 |
13.1 Malaysia Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Malaysia Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Rest of Asia Potassium Carbonate Market, 2017 - 2027 |
14.1 Rest of Asia Potassium Carbonate Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Rest of Asia Potassium Carbonate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Asia Pacific Potassium Carbonate Market Key Performance Indicators |
12 Asia Pacific Potassium Carbonate Market - Opportunity Assessment |
12.1 Asia Pacific Potassium Carbonate Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Potassium Carbonate Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 Asia Pacific Potassium Carbonate Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Asia Pacific Potassium Carbonate Market - Competitive Landscape |
13.1 Asia Pacific Potassium Carbonate Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Potassium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |