Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Purchase Options
Call us on
Why Expert Market Research?
RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global location of things (LoT) market stood at a value of around USD 10.6 billion in 2020. The market is further expected to grow at a CAGR of 34% in the forecast period of 2021-2026 to attain a ...
The global ethernet adapter market attained a value of nearly USD 2.36 billion in 2020, driven by the increasing demand for communication protocols that are scalable, quick, reliable, and interoperabl...
The global quicklime market is supported by the growth of global lime market, which attained a value of nearly USD 47 billion in 2020. The market is driven by the rising use of quicklime in the steel ...
The global hydrated lime market is supported by the growth of global lime market that attained a value of nearly USD 47 billion in 2020, driven by the rising demand for water treatment owing to the sh...
The global sodium chlorite market stood at a value of around USD 185 million in 2020. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to attain a value of ...
NEWSLETTER