According to the latest report by IMARC Group, titled “Caustic Potash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the caustic potash market share.
The global caustic potash market size reached US$ 1.84 Billion in 2021. Looking forward, the market is expected to reach a value of US$2.43 Billion by 2027. Caustic potash, or potassium hydroxide (KOH), is a white, solid, inorganic compound generally manufactured through electrolyzing an aqueous solution of potassium chloride using mercury cell or membrane technology. It can also be obtained in pure form by reacting sodium hydroxide with impure potassium to form a base of salt and potassium hydroxide. It is classified as an alkaline cleaning agent and is effective at emulsification and saponification of fats and protein peptization. As caustic potash is a typical strong alkaline substance, it is widely used in alkaline batteries, wineries, potash salts, detergents, pharmaceuticals, cosmetics, and food additives.
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Caustic Potash Market Trends:
The increasing demand for caustic potash in the agriculture sector to increase crop yield and improve overall productivity is one of the key factors primarily accelerating the market growth. In the healthcare sector, caustic potash is widely used in the preparation of clinical specimens for fungal microscopy and fungal elements in the clots, hairs, skin, and vaginal secretions, which is acting as another major growth-inducing factor. Moreover, the extensive adoption of caustic potash as a stabilizer, pH adjuster, and thickening agent to prolong the shelf life of food and beverage products is creating a positive outlook for the market.
Caustic Potash Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- UNID Company Ltd.
- Occidental Petroleum Corporation
- Tessenderlo Group
- Olin Corporation
- Erco Worldwide (USA) Inc.
- Chengdu Huarong Chemical Company Limited
Key Market Segmentation:
The report has segmented the global caustic potash market on the basis of form, grade, end-use and region.
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
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Article source: https://article-realm.com/article/Finance/34566-Caustic-Potash-Market-Share-Price-Trends-Analysis-Opportunity-and-Forecast-to-2027.html
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