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
Details
Growth Rate
CAGR of 5.28% from FY2023 to FY2030
Base year for estimation
FY2023
Historic Data
FY2015 – FY2022
Forecast period
FY2024 – FY2030
Quantitative units
Demand in thousand tonnes and CAGR from FY2023 to FY2030
Report coverage
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
Segments covered
By End-Use: (Glass Industry, Fertilizer industry, Rubber Chemicals, Pesticide Industry, and Others)
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Market Data & Insights
Table of Content
1. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Potassium Carbonate.
2. Capacity By Location
To better understand the regional supply of Potassium Carbonate by analyzing its manufacturers' location-based capacity.
3. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. Production By Company
Study the historical annual production of Potassium Carbonate by the leading players and forecast how it will grow in the coming years.
5. Demand by End- Use
Discover which end-user industry (Glass Industry, Fertilizer industry, Rubber Chemicals, Pesticide Industry, and Others) are creating a market and the forecast for the growth of the Potassium Carbonate market.
6. Demand by Region
Analyzing the change in demand of Potassium Carbonate in different regions across India, i.e., North India, South India, East India, West India, that can direct you in mapping the regional demand.
7. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Potassium Carbonate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Potassium Carbonate.
9. Company Share
Figure out what proportion of the market share of Potassium Carbonate is currently held by leading players across India.
10. Country-wise Export
Get details about quantity of Potassium Carbonate exported by major countries.
11. Country-wise Import
Get details about quantity of Potassium Carbonate imported by major countries.
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Which region is dominating the India Potassium Carbonate market as of FY2022?
Ans:
The West India is dominating the India Potassium Carbonate market as of FY2022.
Q2.
Which industry is dominating the India Potassium Carbonate market?
Ans:
As of FY2022, Glass Industry is dominating the Potassium Carbonate market in India with an estimated share of roughly 60%.
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