Potassium Carbonate In Laundry Detergent Market Was Valued US$ 0.05 Bn in 2017 And Witnessed To Reach A CAGR of 2.9% By 2026

The global potassium carbonate in laundry detergent market was valued at nearly US$ 0.05 Bn in 2017, and is expected to register a CAGR of 2.9%. Potassium carbonate is a translucent, odorless, granular or crystalline material that absorbs water from the air. Owing to its capability to effectively remove dirt, grime, and stains from fabric it is used in various laundry detergent products.

Increasing preference for liquid laundry detergents across the globe is a major factor driving growth of the global potassium carbonate in laundry detergent market. Increasing demand for automated washing machines is resulting in increasing demand for liquid detergents among consumers, as this product type completely dissolves in water and does not accumulate or leave residual matter on textile fibers. Also, liquid laundry detergents contain approximately 0.5–10 weight percent of inorganic potassium salt for enhancing cold water residue properties of laundry detergent products. Suitable inorganic salts include water-soluble compounds such as potassium carbonate, potassium bicarbonate, potassium chloride, potassium sulfate, etc.

Moreover, increasing research and development activity among leading players in the market expected to create new opportunities in the market, this in turn expected to propel growth of the target market in the forecast period.

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However, availability of substitute products in the market is the major factor expected to hamper growth of the global potassium carbonate in laundry detergent market up to a certain extent.

The global potassium carbonate in laundry detergent market is segmented on the basis of region. Among the regions, the market in North America is estimated to account for major revenue share of over 30% in the global potassium carbonate in laundry detergent market in 2017, and is estimated to continue its dominance over the forecast period. The Europe market is estimated to account for second-largest revenue share in the global market in 2017.

The dominance of North America market can be attributed to high penetration of liquid detergent products in countries in the region. Also, presence of leading liquid detergent manufacturers is supporting growth of the potassium carbonate in laundry detergent market in this region.

Moreover, high awareness among people about liquid detergent and its benefits over powder detergent is another factor further propelling growth of the North America potassium carbonate in laundry detergent market.

Key players profiled in the global potassium carbonate in laundry detergent market are Armand Products Company, Nachurs Alpine Solutions Industrial (NASi), American Elements, ASHTA Chemicals Inc., Parchem Fine & Specialty Chemicals, Asahi Glass Co., Ltd., Wentong Potassium Salt Group Co., Ltd., and Bei Jing Kang Pu Hui Wei Technology Co., Ltd.

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