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Global Caustic Potash Market to Reach 2.67 Million Tons by 2026.
Caustic potash, also known as potassium hydroxide, represents a widely-used inorganic compound with the chemical formula KOH. It is white in colour, odourless, non-flammable as well as non-volatile at room temperature.
The structure of caustic potash consists of an ionic bond between the potassium metal cation and the hydroxyl anion. It is deliquescent, corrosive and highly reactive in nature and absorbs moisture from the air until it is dissolved. Caustic potash is either used as a solid (flakes, crystals or briquettes) or as a solution with varying concentrations. On account of its distinct list of properties, caustic potash finds myriad applications in a number of industries. It is extensively used in consumer products, agro-chemicals and industrial chemicals.
The demand for caustic potash witnessed a fluctuating trend during 2016-2020. This was due to a decline in both its demand and prices during the period. However, the demand for caustic potash increased moderately in the year 2020. According to a new report by Expert Market Research, the global caustic potash market reached around 2.26 Million Tons in 2020 and is further expected to reach 2.67 Million Tons by 2026. Factors such as increasing population, rising disposable income and a growing demand from emerging nations have proliferated the demand for caustic potash across the world.
Key findings from the report:
- Caustic potash serves a number of application domains which include potassium carbonate, potassium phosphates, potassium soaps and detergents, liquid fertilizers and Others. Among these, potassium carbonate accounted for the largest share in 2020.
- Region-wise, Asia dominated the market with the majority of the share. This can be attributed to the mounting population in the region. Asia was followed by North America, Europe and Others.
- Some of the top players operating in the global caustic potash market include Unid Co Ltd, Occidental Chemical Corporation, Tessenderlo Chemie NV, Olin Chlor Alkali Products, Erco Worldwide (USA) Inc. and Chengdu Huarong Chemical Company Limited.
Click here for the summary of report: https://www.expertmarketresearch.com/reports/caustic-potash-market
Expert Market Research has analysed the global caustic potash market according to application, major regions and top players:
Market breakup by Application
- Potassium carbonate
- Potassium phosphates
- Potassium soaps and detergents
- Liquid fertilizers
- Other applications
Market breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top players
- Unid Co Ltd
- Occidental Chemical Corporation
- Tessenderlo Chemie NV
- Olin Chlor Alkali Products
- Erco Worldwide (USA) Inc.
- Chengdu Huarong Chemical Company Limited
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
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