Market Overview:

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. 

Key Market Segmentation:

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:

• Solid
• Liquid

At present, the solid form exhibits a clear dominance in the market.

Breakup by Grade:

• Industrial
• Reagent
• Pharma

Industrial grade accounts for majority of the total global market.

Breakup by End-Use:

• Potassium Carbonate
• Potassium Phosphates
• Potassium Soaps and Detergents
• Liquid Fertilizers
• Agricultural Chemicals
• Others

The report finds that potassium carbonate currently represents the largest end-use segment.

Regional Insights:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

On the geographical front, Asia Pacific represents the largest market across the globe.

Competitive Landscape:

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:

• UNID Company Ltd.
• Occidental Petroleum Corporation
• Tessenderlo Group
• Olin Corporation
• Erco Worldwide (USA) Inc.
• Chengdu Huarong Chemical Company Limited
   

Report Coverage: