Potassium Carbonate Price Trend

Potassium Carbonate Prices December 2023

The price of potassium carbonate in the United States for Q4 2023 reached 1343 USD/MT in December. The market in the country experienced notable price fluctuations, and the demand for potassium carbonate remained low, mainly in the agrochemical and industrial sectors, partly due to reduced demand during the winter season. Consequently, domestic prices in the country declined by 2.9% compared to the previous quarter.

The potassium carbonate in China witnessed significant changes in prices, dropping by 4% and reaching 1173 USD/MT compared to the previous quarter. The challenges in the construction industry resulted in reduced demand from downstream industries like soap and glass, further impacting the market. Despite these issues, no plant shutdowns for potassium carbonate were recorded in the country.

The prices in Germany declined by 1.4% in the fourth quarter, driven by inactive demand from domestic and downstream industries. The stability in product accessibility further contributed to the overall decrease in prices. Although the year-on-year price remained unchanged, there was an 8% decrease compared to the previous quarter. The latest prices for potassium carbonate reached 1522 USD/MT in the country.

Potassium Carbonate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Potassium Carbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of potassium carbonate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of potassium carbonate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of potassium carbonate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing potassium carbonate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Potassium Carbonate Market Analysis

The global potassium carbonate market size reached 2,106 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 3,352.1 Thousand Tons, at a projected CAGR of 5.30% during 2023-2032.

• The growing demand for potassium-rich fertilizers to enhance soil fertility and improve crop yields is bolstering the growth of potassium carbonate usage in the agriculture sector.
• The potassium carbonate demand is further amplified by its utilization as a leavening agent and pH regulator, which is used in the processed food and baked goods.
• Potassium carbonate is also becoming increasingly popular in the glass manufacturing sector as a flux to lower melting temperatures and improve glass quality that are used in the construction, electronic goods, and automobile industries.
• The potassium carbonate market share is further being reinforced by its utilization in textile industry, which helps in improving the effectiveness of various finishing treatments like mercerization. As per IMARC Group’s report, the global textile market size reached US$ 1,027.0 Billion in 2023 and it is expected to reach US$ 1,445.4 Billion by 2032.
• The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization is creating an opportunity for potassium carbonate consumption in diverse industries, reflecting a positive correlation with overall economic growth.
• The market share is also expanding due to the increasing demand of potassium carbonate in the chemical, automotive, and construction sectors, owing to rising industrialization in emerging nations.
• Stringent environmental regulation across the globe promoting substantial agricultural practices and waste management, which is catalyzing the demand for potassium carbonate-based solutions for soil improvements and waste neutralization.
• The growing individual awareness regrading the benefits of potassium-rich fertilizers and natural food additives encourages the adoption of potassium carbonate-based products in agriculture and food industries.
• The market is also expanding due to technological developments in manufacturing processes and product formulations improve the efficiency and versatility of potassium carbonate.
• Another factor driving potassium carbonate is rising investments in research and development (R&D) activities aimed at enhancing the applications of potassium carbonate which is leading to the innovation of new market opportunities.

Potassium Carbonate News

The report covers the latest developments, updates, and trends impacting the global potassium carbonate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in potassium carbonate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the potassium carbonate price trend.

Latest developments in the potassium carbonate industry:

• In 2021, Vynova, an European PVC and chlor-alkali producer, announced plans to build a plant for liquid potassium carbonate at its site in Tessenderlo, Belgium, with the investment of €4 million.
• In 2021, Evonik launches new potassium hydroxide solution 50% food grade, the focus here is on the particularly low chlorate content of the solution.

Product Description

Potassium carbonate is a white salt that is soluble in water, also known as potash or pearl ash. It provides essential potassium to plants, promoting healthy growth, improving drought resistance, and improving overall crop yield. In the food industry, it is used as a leavening agent in baking, contributing to the rise and texture of baked goods. It also serves as a pH regulator in multiple food products, ensuring proper acidity levels for taste and preferences. In addition, in chemical manufacturing, potassium carbonate serves as a versatile reagent for various synthesis processes.

Potassium carbonate is also widely used to produce soft soaps, which have different textures and are often utilized in shaving creams and liquid soaps due to their smooth and creamy lather. It is also utilized to neutralize acidic waste streams in industrial settings, helping to mitigate environmental impact and comply with regulatory standards. Besides this, it is employed as a key component in the production of glass. It lowers the melting point of silica, facilitating the melting process and resulting in a smoother glass surface.

Regional Coverage

The report provides a detailed analysis of the potassium carbonate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the potassium carbonate price trend.

Global Potassium Carbonate Price

The report offers a holistic view of the global potassium carbonate pricing trends in the form of potassium carbonate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of potassium carbonate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed potassium carbonate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Potassium Carbonate Price

The European region has encountered significant challenges characterized by persistent weak demand domestically and internationally. Aspects contributed to this included subdued economic activities and low demand from the glass and agrochemicals sector. Germany, a major key player, faced additional challenges in its manufacturing sector, further impacting potassium carbonate demand. The market conditions worldwide mirrored this low demand, resulting in decreased exports from Germany. Despite the challenging environment, no plant shutdowns were reported for Potassium Carbonate in Germany during the quarter.

This analysis can be extended to include detailed potassium carbonate price information for a comprehensive list of countries.

North America Potassium Carbonate Price

In the fourth quarter of 2023, the North American market for potassium carbonate saw a downward trend in pricing, primarily due to low demand from soap and agrochemical industries. This inactive demand, along with sufficient supply, created a bearish market environment and caused decreases in prices. Despite some positive activity in the construction industry, it had a minimal impact on pricing dynamics. There were no plant shutdowns reported in the region during this period.

Specific potassium carbonate historical data within the United States and Canada can also be provided.

Middle East and Africa Potassium Carbonate Price

The report explores the potassium carbonate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on potassium carbonate prices for countries can also be provided.

Asia Pacific Potassium Carbonate Price

The potassium carbonate pricing in the Asia Pacific region witnessed a bearish trend, mainly driven by low demand from the domestic sector. China faced economic challenges significantly in the construction sector, which led to reduced consumption of potassium carbonate within the country. Despite stable product accessibility ensuring ample supplies, the market trend remained negative. Furthermore, international market dynamics played an essential role in determining price trends, with worldwide consumption influencing overall pricing.

This potassium carbonate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Potassium Carbonate Price

The analysis of potassium carbonate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of potassium carbonate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting potassium carbonate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The potassium carbonate price charts ensure our clients remain at the forefront of the industry.