Global research report called Potassium Bicarbonate Market was recently published by Reports and Data to provide guidance for business.
The global Potassium Bicarbonate Market is forecast to reach USD 161.9 Million by 2027, according to a new report by Reports and Data. Potassium bicarbonate is an odorless, colorless, non-combustible, slightly basic, and a salty substance. It is also known as potassium hydrogen carbonate or potassium acid carbonate.
Potassium bicarbonate is a convenient source of carbon dioxide in baking applications. Moreover, it is a handy source of potassium and acts as a corrosion inhibitor. Potassium bicarbonate is an electrolyte that is crucial for several body functions. Most of the people receive it by eating a variety of diet that includes foods that contain potassium. However, some medical conditions cause potassium levels to drop. Potassium bicarbonate supplement is subscribed to by physicians in those cases.
The Asia Pacific held the largest market share in the global potassium bicarbonate market. China is the key producer of the market product. The region has the fastest growth rate due to the rapidly increasing healthcare industry, rise in industrial and personal care applications, and growth in agricultural activities in developing nations such as India and China. The healthcare sector finds the most usage of potassium bicarbonate, mainly due to government initiatives to modernize the healthcare sector in developing nations.
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Leading Market Competitors:
CellMark USA, LLC, Church & Dwight Co. Inc., Kudos Blends Limited, Wentong Potassium Salt Group Co. Ltd., GFS Chemicals Inc., Noah Technologies, KRONOX Lab Sciences Pvt. Ltd., BASF SE, Clariant AG, and Evonik, among others.
The materials and chemicals industry uses diverse raw materials, from air and minerals to oil to create an immense variety of products (such as petrochemicals, agrochemicals and fragrances). The chemical industry produce basic chemicals (sold within the chemical industry), specialty chemicals (for paints and inks, crop protection), and consumer chemicals (sold directly to public such as detergents). The development of digital technologies (such as advance analytics) and increasing environment concerns has led materials and chemicals industries to explore decarbonization technologies.
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Global Potassium Bicarbonate Market Segmentation:
Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
- Food and Beverage
- Corrosion Inhibitor
- Health Care
- Fire Extinguisher
Regional Analysis covers:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Major Highlights of the Global Potassium Bicarbonate Market Report:
- The study analyzes the various manufacturing processes of the products offered by this industry, alongside determining their respective market shares and contribution to the overall business development.
- It offers critical insights related to the production capacity, estimated growth, and revenues amassed by each regional segment over the projected timeframe.
- The report encompasses crucial information, for instance, product pricing patterns, total revenue generated, and anticipated growth rate of each product and application type.
- The report further emphasizes the product portfolios of each of these companies and the respective specifications and applications of these products.
- Production capacity, manufacturing costs, gross margins, pricing models, and revenue shares of these companies have also been discussed at the end of this report.
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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