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Potassium Carbonate Prices Overview

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Market Overview

Quarterly Update on Potassium Carbonate Market

For the Quarter Ending December 2020

Asia

Potassium Carbonate demand remained firm due to consistent increase in consumption from the soap and detergent industry in the wake of new coronavirus pandemic in Q4 of FY20. Following the abundant demand, many new companies also entered the hand wash segment after widened demand and supply gaps arising out of unprecedented consumption due to the coronavirus pandemic. Prices remained high as compared to Q3 and averaged at USD 1017 per MT in Q4 due to limited supply of the feedstock caustic potash in the month of November.

North America

High demand from glass industry coupled with the firm demand from the detergent and soap industry in Q4 due to increasing health and hygiene awareness in the wake of new COVID-19 strains is set to maintain prices high in the next quarter as well. Moreover, higher energy requirements in the feedstock Caustic Potash production would ensure pressure on the production costs for Potassium Carbonate prices for the upcoming quarters.

Europe

Glass industry revived from the lockdown as the demand picked up from the construction industry in Q4 thereby raising the demand for Potassium Carbonate in the region in Q4. Demand from soap industry grew at a much higher rate as compared to the demand in glass segment in the wake of new COVID-19 pandemic in the region. Apart from rise in domestic demand, requirements for export in the APAC region increased, thereby raising the prices of Potassium Carbonate in Q4.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Potassium Carbonate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Potassium Carbonate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Potassium Carbonate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Potassium Carbonate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Potassium Carbonate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Potassium Carbonate are analyzed and region-wise demand pattern is tracked.

About

Potassium Carbonate is an inorganic compound. Its industrial name is Carbonate of Potash. It is hygroscopic in nature and has an appearance of powder white. It is odorless and tastes like alkaline. Potassium Carbonate is readily soluble in water but insoluble in ethanol, acetone, and alcohol. It has viable applications in the production of soap and glass. Potassium Carbonate is commercially produced by the electrolysis of potash (potassium chloride) using mercury or membrane cells. Another method includes treating potassium hydroxide with carbon dioxide (CO2) in the presence of an organic amine which results in the formation of potassium bicarbonate which on calcination forms potassium carbonate. Apart from soap and glass, Potassium Carbonate has applications as drying agent, buffering agent and as a fire suppressant. In its aqueous form, potassium chloride is used to remove carbon dioxide from ammonia production synthesis gas in the fertilizer industry.

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Potassium Carbonate Prices Overview