Global Potassium Bicarbonate Market 2023 - Industry Analysis by Player, Region, Type, Application and Sales Channel, Forecast
The global Potassium Bicarbonate Market size reached 143 USD Million in 2022. Looking forward, MarketsGlob expects the market to reach 181.3 USD Million by 2029, exhibiting a growth rate (CAGR) of 3.4% during 2023-2029.
Scope of Report
This report studies the Potassium Bicarbonate market, covering market size for segment by type (Food Grade, Pharmaceutical Grade, etc), by application (Chemical Industry, Agriculture, etc), by sales channel (Direct Channel, Distribution Channel), by players (Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, etc) and by region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
This report provides detailed historical analysis of global market for Potassium Bicarbonate from 2017-2022, and provides extensive market forecasts from 2023-2029 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Potassium Bicarbonate market.
COVID-19 & Russia-Ukraine War Impact Analysis
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research focuses on the impact of the COVID-19 pandemic and the ongoing Russia-Ukraine War on the global Potassium Bicarbonate market. It presents a comparative analysis of the market's pre and post-COVID-19 and pre-war scenarios, discussing the estimated combined impact of these events on the market size in 2022, considering different scenarios. The analysis provides insights into the market's performance during these crises and highlights the factors that have influenced the market's growth trajectory amidst the pandemic and the geopolitical conflict. Additionally, it discusses the trends and opportunities that are expected to shape the market's future, taking into account the collective impact of the pandemic and the Russia-Ukraine War on this sector.
Manufacturers Segment Analysis
- Shandong Lunan Chemical
- Evonik
- Wentong Potassium Salt Group
- Baoding Runfeng
- Armand Products
- Hebei Xinji Chemical Group
- Shanxi Wencheng Chemical
- Toagosei Group
- Shijiazhuang Runhong Technology
Products Segment Analysis
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Applications Segment Analysis
- Chemical Industry
- Agriculture
- Food
- Pharmaceutical Industry
- Extinguishing Agent
- Others
Sales Channel Segment Analysis
- Direct Channel
- Distribution Channel
Market segment by Region/Country including:
- North America (United States, Canada, Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)
- South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)
Report Coverage:
Base Year of the Analysis | 2022 |
---|---|
Historical Period | 2017-2021 |
Forecast Period | 2023-2029 |
Types Covered | Food Grade, Pharmaceutical Grade, Industrial Grade |
Applications Covered | Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others |
Sales Channels Covered | Direct Channel, Distribution Channel |
Regions Covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe, China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific, Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America, UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa |
Companies Covered | Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group, Shijiazhuang Runhong Technology |
Customization Scope | We offer extensive customization options for different segments at the region/country-level, ensuring that specific needs are met. Furthermore, our services extend to additional customization based on your unique requirements. |
Purchase Options | We have three plans to opt for: Standard Plan (PDF), Advanced Plan (PDF + Excel Data Pack) & Extended Plan (PDF + Excel Data Pack + Periodic Update). For more details, please check details of plan types & features. |
Chapter 1 Potassium Bicarbonate Market Overview
1.1 Potassium Bicarbonate Definition
1.2 Global Potassium Bicarbonate Market Size Status and Outlook (2017-2029)
1.3 Global Potassium Bicarbonate Market Size Comparison by Region (2017-2029)
1.4 Global Potassium Bicarbonate Market Size Comparison by Type (2017-2029)
1.5 Global Potassium Bicarbonate Market Size Comparison by Application (2017-2029)
1.6 Global Potassium Bicarbonate Market Size Comparison by Sales Channel (2017-2029)
1.7 Potassium Bicarbonate Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Products Launch, Mergers, Acquisitions, Expansion, Agreement and Collaborations, Partnerships)
1.7.4 COVID-19 Impacts
1.7.5 Russia-Ukraine War Impacts
Chapter 2 Executive Summary
2.1 Global Potassium Bicarbonate Market Snapshot
2.2 Global Potassium Bicarbonate Market Volume & Revenue 2017-2022
2.3 Global Potassium Bicarbonate Market Differential Growth Potential Analysis by Type, 2017-2029 (USD Million)
2.4 Global Potassium Bicarbonate Market Differential Growth Potential Analysis by Application, 2017-2029 (USD Million)
2.5 Global Potassium Bicarbonate Market Differential Growth Potential Analysis by Sales Channels, 2017-2029 (USD Million)
2.6 Global Potassium Bicarbonate Market Differential Growth Potential Analysis by Region, 2017-2029 (USD Million)
Chapter 3 Potassium Bicarbonate Market Segment Analysis by Player
3.1 Global Potassium Bicarbonate Sales and Market Share by Player (2020-2022)
3.2 Global Potassium Bicarbonate Revenue and Market Share by Player (2020-2022)
3.3 Global Potassium Bicarbonate Average Price by Player (2020-2022)
3.4 Players Competition Situation & Trends (2020-2022)
3.5 Conclusion of Segment by Player
Chapter 4 Potassium Bicarbonate Market Segment Analysis by Type
4.1 Global Potassium Bicarbonate Market by Type
4.1.1 Food Grade
4.1.2 Pharmaceutical Grade
4.1.3 Industrial Grade
4.2 Global Potassium Bicarbonate Sales and Market Share by Type (2017-2022)
4.3 Global Potassium Bicarbonate Revenue and Market Share by Type (2017-2022)
4.4 Global Potassium Bicarbonate Average Price by Type (2017-2022)
4.5 Leading Players of Potassium Bicarbonate by Type in 2022
4.6 Conclusion of Segment by Type
Chapter 5 Potassium Bicarbonate Market Segment Analysis by Application
5.1 Global Potassium Bicarbonate Market by Application
5.1.1 Chemical Industry
5.1.2 Agriculture
5.1.3 Food
5.1.4 Pharmaceutical Industry
5.1.5 Extinguishing Agent
5.1.6 Others
5.2 Global Potassium Bicarbonate Revenue and Market Share by Application (2017-2022)
5.3 Leading Consumers of Potassium Bicarbonate by Application in 2022
5.4 Conclusion of Segment by Application
Chapter 6 Potassium Bicarbonate Market Segment Analysis by Sales Channel
6.1 Global Potassium Bicarbonate Market by Sales Channel
6.1.1 Global Potassium Bicarbonate Market, by Direct Channel Market Analysis 2017-2029 (USD Million)
6.1.2 Global Potassium Bicarbonate Market, by Distribution Channel Market Analysis 2017-2029 (USD Million)
6.2 Global Potassium Bicarbonate Revenue and Market Share by Sales Channel (2017-2022)
6.3 Leading Distributors/Dealers of Potassium Bicarbonate by Sales Channel in 2022
6.4 Conclusion of Segment by Sales Channel
Chapter 7 Potassium Bicarbonate Market Segment Analysis by Region
7.1 Global Potassium Bicarbonate Market Size and CAGR by Region (2017-2029)
7.2 Global Potassium Bicarbonate Sales and Market Share by Region (2017-2022)
7.3 Global Potassium Bicarbonate Revenue and Market Share by Region (2017-2022)
7.4 North America
7.4.1 North America Market by Country
7.4.2 North America Potassium Bicarbonate Market Share by Type
7.4.3 North America Potassium Bicarbonate Market Share by Application
7.4.4 United States
7.4.5 Canada
7.4.6 Mexico
7.5 Europe
7.5.1 Europe Market by Country
7.5.2 Europe Potassium Bicarbonate Market Share by Type
7.5.3 Europe Potassium Bicarbonate Market Share by Application
7.5.4 Germany
7.5.5 United Kingdom
7.5.6 France
7.5.7 Italy
7.5.8 Russia
7.5.9 Spain
7.5.10 Benelux
7.5.11 Poland
7.5.12 Austria
7.5.13 Portugal
7.5.14 Rest of Europe
7.6 Asia-Pacific
7.6.1 Asia-Pacific Market by Country
7.6.2 Asia-Pacific Potassium Bicarbonate Market Share by Type
7.6.3 Asia-Pacific Potassium Bicarbonate Market Share by Application
7.6.4 China
7.6.5 Japan
7.6.6 Korea
7.6.7 India
7.6.8 Southeast Asia
7.6.9 Australia
7.6.10 Taiwan
7.6.11 Rest of Asia Pacific
7.7 South America
7.7.1 South America Market by Country
7.7.2 South America Potassium Bicarbonate Market Share by Type
7.7.3 South America Potassium Bicarbonate Market Share by Application
7.7.4 Brazil
7.7.5 Argentina
7.7.6 Colombia
7.7.7 Chile
7.7.8 Peru
7.7.9 Venezuela
7.7.10 Rest of South America
7.8 Middle East & Africa
7.8.1 Middle East & Africa Market by Country
7.8.2 Middle East & Africa Potassium Bicarbonate Market Share by Type
7.8.3 Middle East & Africa Potassium Bicarbonate Market Share by Application
7.8.4 UAE
7.8.5 Saudi Arabia
7.8.6 South Africa
7.8.7 Egypt
7.8.8 Nigeria
7.9.9 Rest of Middle East & Africa
7.9 Conclusion of Segment by Region
Chapter 8 Profile of Leading Potassium Bicarbonate Players
8.1 Shandong Lunan Chemical
8.1.1 Company Snapshot
8.1.2 Product/Service Offered
8.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.1.4 Recent Developments
8.2 Evonik
8.2.1 Company Snapshot
8.2.2 Product/Service Offered
8.2.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.2.4 Recent Developments
8.3 Wentong Potassium Salt Group
8.3.1 Company Snapshot
8.3.2 Product/Service Offered
8.3.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.3.4 Recent Developments
8.4 Baoding Runfeng
8.4.1 Company Snapshot
8.4.2 Product/Service Offered
8.4.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.4.4 Recent Developments
8.5 Armand Products
8.5.1 Company Snapshot
8.5.2 Product/Service Offered
8.5.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.5.4 Recent Developments
8.6 Hebei Xinji Chemical Group
8.6.1 Company Snapshot
8.6.2 Product/Service Offered
8.6.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.6.4 Recent Developments
8.7 Shanxi Wencheng Chemical
8.7.1 Company Snapshot
8.7.2 Product/Service Offered
8.7.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.7.4 Recent Developments
8.8 Toagosei Group
8.8.1 Company Snapshot
8.8.2 Product/Service Offered
8.8.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.8.4 Recent Developments
8.9 Shijiazhuang Runhong Technology
8.9.1 Company Snapshot
8.9.2 Product/Service Offered
8.9.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
8.9.4 Recent Developments
Chapter 9 Upstream and Downstream Analysis of Potassium Bicarbonate
9.1 Industrial Chain of Potassium Bicarbonate
9.2 Upstream of Potassium Bicarbonate
9.2.1 Raw Materials (If Applicable)
9.2.2 Manufacturing Cost Structure (If Applicable)
9.2.3 Manufacturing Process (If Applicable)
9.3 Downstream of Potassium Bicarbonate
9.3.1 Leading Distributors/Dealers of Potassium Bicarbonate
9.3.2 Leading Consumers of Potassium Bicarbonate
Chapter 10. Global Potassium Bicarbonate Market Industry Analysis
10.1. Porter's Five Forces Analysis
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Buyers/Consumers
10.1.3. Bargaining Power of Suppliers
10.1.4. Threat of Substitute Types
10.1.5. Intensity of Competitive Rivalry
10.2. Major Growth Avenues within Global Potassium Bicarbonate Market
10.2.1. Product Types
10.2.2. Applications
10.2.3. Sales Channels
10.2.4. Country
10.3. Potassium Bicarbonate Industry Ecosystem
10.4. Price Trend Analysis (If Applicable)
10.5. Buying Criteria (If Applicable)
10.6. Regulations (If Applicable)
Chapter 11 Development Trend of Potassium Bicarbonate (2023-2029)
11.1 Global Potassium Bicarbonate Market Size (Sales and Revenue) Forecast (2023-2029)
11.2 Global Potassium Bicarbonate Market Size and CAGR Forecast by Region (2023-2029)
11.3 Global Potassium Bicarbonate Market Size and CAGR Forecast by Type (2023-2029)
11.4 Global Potassium Bicarbonate Market Size and CAGR Forecast by Application (2023-2029)
11.5 Global Potassium Bicarbonate Market Size and CAGR Forecast by Sales Channel (2023-2029)
Chapter 12. Import - Export Analysis (If Applicable)
12.1 North America Potassium Bicarbonate Import-Export, 2017 - 2022
12.2 Europe Potassium Bicarbonate Import-Export, 2017 - 2022
12.3 Asia Pacific Potassium Bicarbonate Import-Export, 2017 - 2022
12.4 South America Potassium Bicarbonate Import-Export, 2017 - 2022
12.5 Middle East & Africa Potassium Bicarbonate Import-Export, 2017 - 2022
Chapter 13. Demand-Supply Gap Analysis
13.1 North America Potassium Bicarbonate Demand-Supply, 2017 - 2022
13.2 Europe Potassium Bicarbonate Demand-Supply, 2017 - 2022
13.3 Asia Pacific Potassium Bicarbonate Demand-Supply, 2017 - 2022
13.4 South America Potassium Bicarbonate Demand-Supply, 2017 - 2022
13.5 Middle East & Africa Potassium Bicarbonate Demand-Supply, 2017 - 2022
Chapter 14 Appendix
14.1 Research Methodology
14.2 Data Sources
14.3 Disclaimer
14.4 Analysts Certification
- Methodology/Research Approach
The research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Research Programs/Design
Table Research Programs/Design

Market Size Estimation
Top-down and bottom-up approaches are used to validate the global product market size and estimate the market size for company, regions segments, product segments and application (end users).
The market estimations in this report are based on the marketed sale price of product (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market share, and breakdown of the product segments are derived on the basis of weightages assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall product market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major companies from the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top companies; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced frontline staff, directors, CEOs and marketing executives. The percentage splits, market share, growth Rate and breakdown of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from research and presented in the report
The following figure shows an illustrative representation of the overall market size estimation processused for this study.
Figure Bottom-up and Top-down approaches

Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Figure Data Triangulation

- Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, Statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS (American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, marketoriented, and commercial study of the Product market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Table Key Data Information from Secondary Sources

Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, market (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation types, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Table Key Data Information from Primary Sources
