Potassium hydroxide is a liquid inorganic compound also known as caustic potash. Sodium hydroxide and potassium are mainly employed in the production of potassium hydroxide. Potassium hydroxide is employed in several application segments including soaps, petroleum refining, fertilizers and precursors for several chemicals among others. Fertilizers represent the largest application segment for potassium hydroxide and the trend is expected to continue in the near future.
Growing population has been the foremost driver for potassium hydroxide market growth. The demand for potassium hydroxide is driven by increasing demand for food leading to increasing demand for fertilizers. Increasing disposable income and emerging economies are also amongst the major driver for market growth. Health hazards associated with potassium hydroxide have been a major factor restraining market growth. Emerging economies in the Rest of the World segment are expected to offer huge growth opportunity for market growth.
Asia Pacific region dominated the global demand for potassium hydroxide and the trend is expected to continue during the forecast period. India and China are the one of the largest economies in terms of population are expected to be the most dominant regions in Asia Pacific. North America is the second largest geographical segment in terms of consumption for potassium hydroxide. Latin American countries are expected to drive the demand for potassium hydroxide in the RoW segment. Demand for potassium hydroxide in Russia and Eastern European region is also expected to foresee high growth during the forecast period.
Some of the major players in the potassium hydroxide market include The Mosaic
Company, Armand Products, Haifa Chemicals Ltd., ICL Fertilizers, Occidental Chemical Corporation, JSC Uralkali, Qinghai Salt Late Potash Co., Ltd and PotashCorp among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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