[Online Quarterly Update] Global Caustic Potash demand stood at around 2.8 million tonnes as of 2021, and the market is anticipated to grow at a CAGR of 4% by 2035. Caustic Potash, chemically referred to as Potassium Hydroxide (KOH), is an inorganic compound, that is available in several forms including pellets, flakes, crystals, powder, and aqueous. Caustic Potash appears to be white, clear colourless liquid or slightly yellow lumps, possessing strong base (alkali), corrosive to metals and tissue, and found to be non-combustible and get dissolves easily in water with discharge of heat. Generally, KOH is manufactured by the electrolysis of a potassium chloride (KCl) solution by using membrane electrolytic cells process.
Caustic Potash has gained traction in various grades including food grade, automotive, pharmaceutical grade, agricultural grade, technical grade, etc. Potassium Hydroxide possess a wide range of applications such as fertilizer production, soaps and detergents, potassium chemical industries, alkaline battery manufacturing, potassium phosphate chemicals, etc. KOH is also essential in petroleum refining, runway de-icing and useful in pH balancing. KOH is utilized as dehydrating agent for drying gases, lubricant in the extrusion pressing of high melting alloys, methylating agent, alkaline builder in detergent formulations, etc. In agricultural sector, KOH-based fertilizer is extensively used to improve drought tolerance of the crops, crop yield and enhance the productivity. In food industry, Caustic Potash act as a food thickening, food additives and pH control agent. The FDA considers it to be risk-free product due to which it is used in the chocolate and pharmaceutical industry. In addition, KOH is a versatile cleaning agent used in the formulation of personal care products such as liquid lotions, soaps, hairsprays, and shampoos, and as a strong base, it reacts with grease, making it a useful ingredient in drain and oven cleaners as well as in non-phosphate detergents. Due to these factors Caustic Potash demand is anticipated to rise in the market, globally.
Due to global pandemic COVID-19, demand of Caustic Potash decreased as the chlorine derivative demand has limited the supply of caustic soda, a by-product of chlorine. By imposing countrywide lockdowns and social distancing norms by government authority, which led to the decline of sales and demand. However, the market is expected to recover and pick up.
Region wise, APAC region holds around 49% of the global consumption of Caustic Potash and the demand is expected to increase in the forecast period owing to increasing population, APAC region construction sector is largest in the world, and it is increasing at a healthy rate which will increase the demand for Caustic Potash. Countries like India and China are making investment in construction sector to develop the economy. Healthy growth is anticipated for the KOH market in the forecast year due to increasing demand for increasing crop productivity to feed the expanding global population that is urging demand for KOH-based fertilizers.
Major leading players of Caustic Potash market are Gujarat Alkalies and Chemical Limited, The Andhra Sugars Limited., TGV SRAAC LIMITED, Meghmani Finechem Ltd., UNID Company Ltd., Chengdu Huarong Chemical Co., Ltd., Tangshan Sunfar Silicon Industries Co.,Ltd., Inner Mongolia Rida Taifeng Chemical Co., Ltd., Asahi Glass Co., Ltd., Altair Chimica S.p.A, INOVYN, Neolyse Ibbenbüren GmbH, Vynova Group, Ercros S.A and others.
Years considered for this report:
Historical Period: 2015-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
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Objective of the Study:
• To assess the demand-supply scenario of Caustic Potash which covers production, demand, and supply of Caustic Potash market globally.
• To analyse and forecast the market size of Caustic Potash.
• To classify and forecast Caustic Potash market based on application, type, end-use and regional distribution.
• To identify drivers and challenges for Caustic Potash market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Caustic Potash market.
• To identify and analyse the profile of leading players involved in the manufacturing of Caustic Potash.
To extract data for Caustic Potash market, primary research surveys were conducted with Caustic Potash manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Caustic Potash market over the coming years.
ChemAnalyst calculated Caustic Potash demand globally by analyzing the historical data and demand forecast which was carried out considering imported Caustic Potash prices, monomers used for production of Caustic Potash. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Caustic Potash manufacturers and other stakeholders
• Organizations, forums, and alliances related to Caustic Potash distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Caustic Potash manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Caustic Potash market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume by 2021
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2.8 Million Tonnes
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Growth Rate
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CAGR of 4% from 2022 to 2035
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Base year for estimation
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2021
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Historic Data
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2015 – 2020
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in Million Tonnes and CAGR from 2021 to 2035
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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1. Type (Flakes, Lye, Powder, etc)
2. End-Use (Fertilizer, Soap & Detergent, Alkaline Batteries, medicines, chemical industries, and others)
3. Sales Channel (Direct Company Sale, Indirect Sale)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Gujarat Alkalies and Chemical Limited, The Andhra Sugars Limited., TGV SRAAC LIMITED, Meghmani Finechem Ltd. UNID Company Ltd., Chengdu Huarong Chemical Co., Ltd., Tangshan Sunfar Silicon Industries Co.,Ltd., Inner Mongolia Rida Taifeng Chemical Co., Ltd., Asahi Glass Co., Ltd., Altair Chimica S.p.A, INOVYN, Neolyse Ibbenbüren GmbH, Vynova Group, Ercros S.A and others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
