Global and China Potassium Bicarbonate Market Insights, Forecast to 2027

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 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%.

Market Analysis and Insights: Global and China Potassium Bicarbonate Market
This report focuses on global and China Potassium Bicarbonate market.
In 2020, the global Potassium Bicarbonate market size was US$ 134.1 million and it is expected to reach US$ 171.9 million by the end of 2027, with a CAGR of 3.6% during 2021-2027. In China the Potassium Bicarbonate market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Potassium Bicarbonate Scope and Market Size
Potassium Bicarbonate market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Potassium Bicarbonate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Potassium Bicarbonate market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.


Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade


Segment by Application
Chemical Industry
Agriculture
Food
Pharmaceutical Industry
Extinguishing Agent
Others


By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E


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