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%. The report offers in-depth insights, revenue details, and other vital information regarding the global potassium carbonate in laundry detergent market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global potassium carbonate in laundry detergent market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global potassium carbonate in laundry detergent market is segmented on the basis of region.
Global Potassium Carbonate in Laundry Detergent Market Dynamics:
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.
Market analysis by 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.
The Europe market accounted for second highest revenue share in the global potassium carbonate in laundry detergent market in 2016, and is expected to maintain its position over the forecast period. Favorable government regulations for import and export are major factors driving growth of the Europe potassium carbonate in laundry detergent market.
Global Potassium Carbonate in Laundry Detergent Market segmentation, by region:
Middle East & Africa
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