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Description
Potassium Carbonate Market size was valued at USD 1.98 billion in 2021, growing at a CAGR of 4.2% during 2022-28. Potassium Carbonate Market is a soluble white powder or granule that is found in nature. When combined with water, it generates a strongly alkaline solution. Potassium Carbonate Market is a potassium hydroxide aqueous solution. It is known to be the most important component of potash and refined pearl ash or tartar. Salt of wormwood, pearl ash, carbonate of potash, salt of tartar, and dipotassium carbonate are some of the other names for potassium carbonate. Potassium carbonate is commercially generated via electrolysis of potassium chloride, which is then carbonated with carbon dioxide to yield potassium carbonate. This potassium carbonate is also employed in the production of other potassium-based chemicals. Potassium chloride is used in the fertilizer business to remove carbon dioxide from ammonia manufacture synthesis gas in its aqueous state. Exothermically, potassium carbonate neutralizes acids, forming salts and water. It reacts with some metals, such as zinc and aluminum, to produce metal oxides, metal hydroxides, and even gaseous hydrogen. It is also thought to start polymerization in polymerizable organic molecules, particularly epoxides. The global potassium carbonate market is surging owing to strategic alliances by key players for potassium carbonate to meet the demands of the customers in the market. This report studies global potassium carbonate market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global potassium carbonate market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
