Potassium bicarbonate, potassium hydrogen carbonate, or potassium acid carbonate are electrolytes, and essential nutrients found naturally in many plants, animals, humans, and in almost all living organisms. The occurrence of usable potassium bicarbonate is rare and is mostly found in a mineral called kalicinite. It is a colorless, odorless, slightly basic, salty, and a non-combustible substance.The increasing weekend and party culture among the millennial has pumped up the demands for various alcohols and wines. So, the requirement for potassium bicarbonate in producing wines are certain to surge traction in the potassium bicarbonate market. In 2018, the estimated global Potassium Bicarbonate Market size was $220 million, and the demands for the same are projected to grow at a positive CAGR of 3.8% during the forecast period 2019 to 2025.
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Application Analysis in Potassium Bicarbonate Market
The major application of potassium bicarbonate lies in the pharmaceutical industry. The growing demands for medicines and advanced medical care are burgeoning its requirement in the pharmaceutical sector, and the opportunities in the same are expected to grow at a CAGR of 4.4% during the forecast period. Potassium bicarbonate plays an important role during chemical reactions in the pharmaceutical industry; it is used as an agent for medicines to maintain a specific pH.
Potassium Bicarbonate Market Competitive Landscape
The companies operating in the potassium bicarbonate market are Wentong Potassium Salt Group Co. Ltd., CellMark USA LLC., GFS Chemicals Inc., Church & Dwight Co. Inc., Noah Technologies, Kudos Blends Limited, and KRONOX Lab Sciences Pvt. Ltd.
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