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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Caustic potash (KOH), also known as potassium hydroxide, is an inorganic alkaline compound that is manufactured through the electrolysis of potassium chloride solution. It is a potent base, which is widely available in different forms including flakes, pellets and powders. It is a volatile solution that generates heat when dissolved in water or alcohol. Caustic potash can be obtained in the pure form by reacting sodium hydroxide with impure potassium to form a base of potassium hydroxide and salt. It has recently emerged as an essential industrial chemical around the world and is widely used as a cleaning agent in wineries, primarily to clean the biofilms of bacteria and yeast inside the tanks.
Caustic potash is employed in the food and beverage industry as a stabilizer, thickening agent and pH adjuster to prolong the shelf life of products. As caustic potash is a versatile cleaning agent, it is also used in the production of liquid soaps, lotions, shampoos and hairsprays. As compared to sodium hydroxide, potassium hydroxide soaps are more soluble in water and are considered better for the environment. Moreover, potassium hydroxide (KOH) is medically used in the wet mount preparation of clinical specimens for microscopic visualization of fungi as well as fungal elements in hair, skin, nails and vaginal secretions. In line with this, it has been studied for efficacy and tolerability in the treatment of warts. Additionally, there is a rise in the demand for caustic potash in the agriculture sector as KOH-based fertilizers are widely utilized for increasing the crop yield and improving overall productivity.
IMARC Group provides an analysis of the key trends in each sub-segment of the global caustic potash market, along with forecasts at the global and regional from 2022-2027. Our report has categorized the market based on form, grade, and end-use.
Breakup by Form:
At present, the solid form exhibits a clear dominance in the market.
Breakup by Grade:
Industrial grade accounts for majority of the total global market.
Breakup by End-Use:
The report finds that potassium carbonate currently represents the largest end-use segment.
On the geographical front, Asia Pacific represents the largest market across the globe.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the industry. Some of these players are:
|Base Year of the Analysis||2021|
|Units||US$ Billion, Million Tons|
|Segment Coverage||Form, Grade, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||UNID Company Ltd., Occidental Petroleum Corporation, Tessenderlo Group, Olin Corporation, Erco Worldwide (USA) Inc. and Chengdu Huarong Chemical Company Limited|
|Customization Scope||10% Free Customization|
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The global caustic potash market was valued at US$ 1.84 Billion in 2021.
We expect the global caustic potash market to exhibit a CAGR of 4.68% during 2022-2027.
The rising utilization of caustic potash as a stabilizer, thickening agent, and pH adjuster in the food and
beverage sector, is primarily driving the global caustic potash market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
Based on the form, the global caustic potash market can be segmented into solid and liquid. Currently,
liquid form holds the majority of the total market share.
Based on the grade, the global caustic potash market has been divided into industrial, reagent, and
pharma. Among these, industrial grade currently exhibits a clear dominance in the market.
Based on the end-use, the global caustic potash market can be categorized into potassium carbonate,
potassium phosphates, potassium soaps and detergents, liquid fertilizers, agricultural chemicals, and
others. Currently, potassium carbonate accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global caustic potash market include UNID Company Ltd., Occidental
Petroleum Corporation, Tessenderlo Group, Olin Corporation, Erco Worldwide (USA) Inc., Chengdu
Huarong Chemical Company Limited, etc.
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