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The Europe caustic potash market is currently witnessing moderate growth. Caustic potash is an extremely versatile and strong alkaline chemical manufactured by the electrolysis of brine. The brine is prepared from potassium chloride and water or by mercury, membrane or diaphragm-based cells. Caustic potash is available as a solution or solid (flakes, crystals, and briquettes) with varying concentrations. It is commonly used as a cleaning agent in household items such as liquid soaps, lotions, shampoos, hairsprays and denture cleaners. It is also used as stabilizers in commercially processed food, which helps in increasing the shelf-life of the product.
The Europe caustic potash market is primarily driven by its increasing applications in various end use industries like petroleum, paper, pharmaceutical, agriculture and consumer electronics. This has encouraged manufacturers to expand the caustic potash capacities across various countries in Europe. For instance, Evonik and AkzoNobel have commenced a joint venture in Germany with the production facility of 120,000 tons of caustic potash per annum. Similarly, INOVYN has established a new production facility of caustic potash in Antwerp. Moreover, the utilization of caustic potash as a thickening agent for processing chocolate, cocoa, soft drinks and ice cream is significantly impacting the market across the region. On account of these factors, the market is expected to exhibit steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe caustic potash market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, form, grade and end use.
Breakup by Form:
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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