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The global caustic potash market reached a volume of 2.6 Million Tons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. 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 on different end-use industries. 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 report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, form, grade, and end-use.
Breakup by Form:
At present, the liquid form exhibits a clear dominance in the market.
Breakup by Grade:
Industrial grade accounts for the majority of the total market share.
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:
The global caustic potash market reached a volume of 2.6 Million Tons in 2020.
According to the estimates by IMARC Group, the global caustic potash market is expected to exhibit moderate growth during the next five years.
The increasing utilization of caustic potash in the wet mount preparation of various clinical specimens and as a stabilizer and thickening agent while preparing several food items represent one of the key factors impelling the market growth.
One of the major trends in the market is the widespread adoption of caustic potash in the production of fertilizers to improve crop yield.
The market is experiencing negative growth on account of lockdowns imposed by governments to contain the spread of the coronavirus disease (COVID-19), disrupted supply chains and temporary closure of various industries.
Based on the end use, the market has been classified into potassium carbonate, potassium phosphates, potassium soaps and detergents, liquid fertilizers, agricultural chemicals, and others.
The market has been bifurcated on the basis of the form into solid and liquid caustic potash.
On the basis of the grade, the market has been categorized into industrial, reagent and pharma.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Leading industry players are Unid Co., Ltd., Occidental Chemical Corporation, Tessenderlo Group NV, Olin Corporation, ERCO Worldwide, and Chengdu Huarong Chemical Co., Ltd.
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