The India Potassium Carbonate market is anticipated to grow at a steady CAGR of 5.28% by FY2030. Increasing consumption of Potassium Carbonate in glass and fertilizer applications along with its usage as a raw material in the chemical industry is anticipated to spur the demand for Potassium Carbonate in India.
Potassium Carbonate is an inorganic molecule which is a salt of potassium with chemical formula K2CO3. is a white salt that creates a strongly alkaline solution and is soluble in water but insoluble in ethanol. When potassium hydroxide absorbent reacts with carbon dioxide, potassium carbonate can be produced as a byproduct. Potassium Carbonate that comes under the category of bulk chemicals and fertilizers is mainly manufactured by Bertrams, Switzerland process technology, with Caustic Potash as a raw material. Among the many uses for potassium carbonate are the production of chemical compounds, fertilizers, soaps, and heat-resistant glass. Moreover, it goes into the production of pigments and printing inks. The production of glass is one of the main industries in which this substance is used. Potassium carbonate is also used to make cathode rays, television tubes, and optical lenses. This substance is a stabilizing ingredient used in a number of winemaking procedures. Potassium Carbonate is also employed to extinguish fires.
The main driver of the India Potassium Carbonate market is for the application of glass manufacturing. uses. Some of the most exclusive products in the glass business are flat glass and fibre glass, which are further utilized in a variety of sectors including the chemical and consumer goods, automotive, and construction industries. The growth in glass demand from the building industry directly results in the rising potassium carbonate sales in the glass industry in the nation. Other major applications for potassium carbonate are in agriculture. It aids in plant growth and helps the soil stay moist and porous by absorbing water from the atmosphere. Potash is used by farmers to fortify plant stems and roots which further contributes to the potassium carbonate market.
Based on region, the India Potassium Carbonate Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. West India has been the dominating in the consumption of Potassium Carbonate for a variety of uses due to the presence of major glass and plasticizer industries located in West India.
Based on end-use, the India Potassium Carbonate market is segregated into Glass Industry, Fertilizer industry, Rubber Chemicals, Pesticide Industry, and Others. Among these, Glass Industry is dominating the Potassium Carbonate market. This segment held roughly 60% of the Potassium Carbonate market in FY2022. Potassium Carbonate finds use in the glass industry to manufacture TV Picture Tubes, Ophthalmic glasses, and GLS lamps.
Domestic players in the India Potassium Carbonate market are Gujarat Alkalis and Chemicals Limited (GACL) and Andhra Sugars Limited. Other global platers in the Potassium Carbonate market are Evonik Industries AG, Zhejiang Dayang Biology Technology Co.,Ltd., UNID, Armand Products, Hebei Xinji Chemical Group Co.,Ltd, Zhejiang Juhua Co., Ltd., and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2030
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Objective of the Study:
• To assess the demand-supply scenario of Potassium Carbonate which covers production, demand and supply of Potassium Carbonate market in India.
• To analyse and forecast the market size of Potassium Carbonate in India.
• To classify and forecast India Potassium Carbonate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Potassium Carbonate market in India.
To extract data for India Potassium Carbonate market, primary research surveys were conducted with Potassium Carbonate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Potassium Carbonate market over the coming years.
ChemAnalyst calculated Potassium Carbonate demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Potassium Carbonate to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Potassium Carbonate manufacturers and other stakeholders
• Organizations, forums and alliances related to Potassium Carbonate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Potassium Carbonate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Potassium Carbonate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Growth Rate
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CAGR of 5.28% from FY2023 to FY2030
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Base year for estimation
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FY2023
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Historic Data
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FY2015 – FY2022
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Forecast period
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FY2024 – FY2030
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Quantitative units
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Demand in thousand tonnes and CAGR from FY2023 to FY2030
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Report coverage
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Capacity By Company, Capacity by Location, Operating Efficiency, by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Glass Industry, Fertilizer industry, Rubber Chemicals, Pesticide Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North India, South India, East India, West India
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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