India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A3669
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Market Overview:

The India caustic potash market size reached 125,040.0 Tons in 2022. Looking forward, IMARC Group expects the market to reach 157,304.9 Tons by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.

Caustic potash, or potassium hydroxide, refers to a strong alkaline chemical. It is manufactured by the electrolysis of brine prepared from potassium chloride and water. Caustic potash is highly reactive, corrosive and generates heat when dissolved in water or alcohol. In India, the demand for caustic potash has escalated as it finds extensive application for manufacturing phosphates, neutralization agents, batteries, and potassium chemicals such as acetates, cyanides, permanganate, and citrates.

The India caustic potash market is primarily driven by the growth of the construction industry due to a significant rise in population and rapid urbanization. Apart from this, as caustic potash is a versatile cleaning agent, it is also used in various household and personal care products like liquid soaps, lotions, shampoos, hairsprays, and denture cleaners. Besides this, the need to increase crop productivity on account of the expanding population and improving living standards represents another factor driving the demand for caustic potash-based fertilizers and herbicides. Furthermore, India is one of the largest consumers of caustic potash in the Asia Pacific region, which is significantly bolstering the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India caustic potash market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on form, grade and end use.

Breakup by Form:

  • Solid
  • Liquid
     

Breakup by Grade:

  • Industrial
  • Reagent
  • Pharma
     

Breakup by End Use:

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

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units ‘000 Tons
Segment Coverage Form, Grade, End Use, Region
Region Covered  North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The India caustic potash market reached a volume of 125,040.0 Tons in 2022.

We expect the India caustic potash market to exhibit a CAGR of 3.5% during 2023-2028.

The extensive utilization of caustic potash across the Food and Beverage (F&B) sector as a stabilizer, thickening agent, and pH adjuster to improve the shelf life of food products, is primarily driving the India caustic potash market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous production units for caustic potash.

Based on the form, the India caustic potash market has been segmented into solid and liquid, where solid currently holds the majority of the total market share.

Based on the grade, the India caustic potash market can be divided into industrial, reagent, and pharma. Currently, industrial exhibits a clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India.

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India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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