Posted on 03 Jan 2019
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 2014-2018. 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 2018. According to a new report by Expert Market Research, the global caustic potash market reached around 2.2 Million Tons in 2018 and is further expected to reach 2.7 Million Tons by 2024. 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:
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
Market breakup by Region
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