According to the latest report by IMARC Group, titled “Caustic Potash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″. the global caustic potash market reached a value of US$1.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$2.43 Billion by 2027, exhibiting at a CAGR of 4.68% during 2022-2027.
Caustic potash (KOH), or potassium hydroxide, represents an inorganic alkaline compound produced via the electrolysis of potassium chloride and water by using diaphragm-based cells. It is a potent base that is commercially available in several forms, including crystal, briquettes, flakes, distinctively concentrated solutions, etc. Caustic potash is highly reactive, corrosive, non-flammable at room temperature, generates heat when dissolved in alcohol or water, etc. As such, it finds extensive applications across various industries, such as textile, water treatment, food and beverage (F&B), metallurgy, pulp and paper, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Caustic Potash Market Trends:
The widespread product adoption as a pH stabilizer, thickening agent, purifier, electrolyte, etc., in industrial, chemical, and manufacturing sectors is primarily driving the caustic potash market. Additionally, the growing utilization of this compound in the preparation of numerous food items, such as soft drinks, cocoa, chocolate, ice cream, etc., is further catalyzing the market growth. Besides this, the escalating demand for caustic potash in wet mount preparation of clinical specimens for microscopic visualization of fungi and fungal elements in hair, skin, nails, and vaginal secretions is acting as another significant growth-inducing factor. Moreover, the rising popularity of potassium hydroxide as a versatile cleaning agent in the production of soaps, shampoos, lotions, hairsprays, denture cleaners, etc., owing to its high solubility in water, is augmenting the global market. Apart from this, the increasing need for KOH-based fertilizers to enhance crop yield is projected to fuel the caustic potash market in the coming years.
Competitive Landscape With Key Players:
The competitive landscape of the caustic potash market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- UNID Company Ltd.
- Occidental Petroleum Corporation
- Tessenderlo Group
- Olin Corporation
- Erco Worldwide (USA) Inc.
- Chengdu Huarong Chemical Company Limited
Key Market Segmentation:
The report has segmented the caustic potash market on the basis of form, grade, end-use, and region.
Breakup by Form:
Breakup by Grade:
Breakup by End-Use:
- Potassium Carbonate
- Potassium Phosphates
- Potassium Soaps and Detergents
- Liquid Fertilizers
- Agricultural Chemicals
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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