Western Europe Potassium Carbonate Market:
Introduction
In
terms of value, the potassium carbonate market in Western Europe is anticipated to expand at a
CAGR of more than 4%
from 2020 to 2030 and cross US$ 140 Mn
by 2030. Germany dominated the potassium carbonate market in Western Europe in
terms of volume in 2019. It is estimated to be the leading country of the
potassium carbonate market in Western Europe during the forecast period. The
food & beverages industry is projected to offer lucrative opportunities for
the potassium carbonate market in Germany in the near future.
Western Europe Potassium Carbonate Market: Major
Drivers and Restraints
The
increase in usage of potassium carbonate in the manufacture of glass is
expected to drive the potassium carbonate market in Western Europe during the
forecast period. Purified potassium carbonate is employed as an ingredient in
glass making. It enhances the fluxing properties of glass. Potassium carbonate
is used to make specialty glasses such as television screens, cathode ray
tubes, and optical lenses. Potassium carbonate is more compatible with the
required lead, barium, and strontium oxides, which is a major reason why
relatively expensive potassium carbonate is used in place of soda ash in glass
applications. Potassium carbonate and potassium bicarbonate play an important
role during chemical reactions in the pharmaceutical industry. Potassium
carbonate is used as an agent for medicines to maintain a specific pH. The
demand for potassium carbonate is expected to rise due to the growth of the
pharmaceutical industry. Europe represents the second-largest pharmaceutical
market in the world. The pharmaceutical market in the region was valued at
US$ 221.09 Bn
in 2019. The pharmaceutical market in Europe is projected to expand at a CAGR
of 4.5%
between 2020 and 2030.
Potassium
carbonate is known to be a strong irritant to the eyes and skin. It is harmful
if swallowed; and may scald the mouth and the stomach. If ingested in large
amounts, it can lead to ulcerations, vomiting, and can cause sudden shock.
Thus, health hazards of potassium carbonate is projected to hamper the
potassium carbonate market in Western Europe in the near future.
Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=80494
Western Europe Potassium Carbonate Market: Prominent
Segments
Based
on type, the solid crystal segment held major share of the potassium carbonate
market in Western Europe in 2019. This trend is anticipated to continue during
the forecast period. Solid crystal potassium carbonate is obtained by
crystallization (under vacuum and with cooling) from liquors or through the fluidized-bed
process. It is used in diverse applications including glass manufacturing,
agrochemicals, and chemical synthesis. Based on application, the glass
manufacturing segment constituted large share of the potassium carbonate market
in Western Europe in 2019. This trend is estimated to continue during the
forecast period. On the other hand, the food & beverages segment is likely
to expand at a rapid pace during the forecast period.
Competition Landscape of Western Europe Potassium
Carbonate Market
Key
manufacturers operating in the potassium carbonate market in Western Europe
include Evonik
Industries AG, AGC Inc., INOVYN, Dr. Paul Lohmann GmbH & Co. KGaA, Vynova
Group, and ESSECO UK LIMITED.
Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=80494<ype=S
