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"potentially increasing" is correct and commonly used in written English.
It can be used to describe a possible increase in something, or something that has the potential to increase in the future. Example: "The company's new marketing strategy could potentially increase sales by 20%."
Exact(60)
AAR remains committed to the successful development of TNK-BP including potentially increasing its shareholding in the business.
"Golden parachutes" were promised to managers of threatened companies, potentially increasing the cost of a takeover.
Street trees in Portland, Oregon, yielded an increase in house prices of $1.35bn, potentially increasing annual property tax revenues by $15.3m.
Detainees, some innocent, but many of them former insurgents long held in American military custody, are being set free every day, potentially increasing the insurgency's numbers.
The weather forecast for Saturday is for further rain in the early afternoon, potentially increasing the chances of play on Sunday.
The banks that underwrote the convertible offering also have the option to buy an extra $750 million of bonds, potentially increasing the total raised to $6 billion.
With AT&T, Leap pushed for contingent value rights, potentially increasing the payout to the smaller service provider's investors.
Patients with subthreshold symptoms of social anxiety disorder can suffer from significant disability, potentially increasing concurrent depression.
"A.A.R. remains committed to the successful development of TNK-BP including potentially increasing its shareholding in the business".
On the other hand, the cuts only benefited formal workers, potentially increasing within-region inequality.
Adolescents spend large proportions of the school day sitting; potentially increasing their health risks.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com