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Caustic Potash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5530494

Quick Summary:

The global caustic potash market continues to grow, driven in part by the increasing demand for this versatile chemical across various sectors. From the food and beverage industry, where it acts as a stabilizer and thickening agent, to the agricultural sector where it improves crop yield and productivity, caustic potash has proven itself as a key player.

This report dives into the intricate details of this expanding market, segmenting it by form, grade, and end-use. Furthermore, it outlines major market players to offer you a complete picture and features comprehensive global and regional forecasts. It doesn’t only provide the state of the market, but it also offers insights into where the industry is heading. This is essential reading for anyone aiming to stay ahead of the competition and seize the potential opportunities this market offers.

The global caustic potash market size reached US$ 1.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

Caustic potash (KOH), also known as potassium hydroxide, is an inorganic alkaline compound that is manufactured through the electrolysis of potassium chloride solution. It is a potent base, which is widely available in different forms including flakes, pellets and powders. It is a volatile solution that generates heat when dissolved in water or alcohol. Caustic potash can be obtained in the pure form by reacting sodium hydroxide with impure potassium to form a base of potassium hydroxide and salt. It has recently emerged as an essential industrial chemical around the world and is widely used as a cleaning agent in wineries, primarily to clean the biofilms of bacteria and yeast inside the tanks

Caustic potash is employed in the food and beverage industry as a stabilizer, thickening agent and pH adjuster to prolong the shelf life of products. As caustic potash is a versatile cleaning agent, it is also used in the production of liquid soaps, lotions, shampoos and hairsprays. As compared to sodium hydroxide, potassium hydroxide soaps are more soluble in water and are considered better for the environment. Moreover, potassium hydroxide (KOH) is medically used in the wet mount preparation of clinical specimens for microscopic visualization of fungi as well as fungal elements in hair, skin, nails and vaginal secretions. In line with this, it has been studied for efficacy and tolerability in the treatment of warts. Additionally, there is a rise in the demand for caustic potash in the agriculture sector as KOH-based fertilizers are widely utilized for increasing the crop yield and improving overall productivity.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global caustic potash market report, along with forecasts at the global and regional from 2023-2028. Our report has categorized the market based on form, grade and end-use.

Breakup by Form:

  • Solid
  • Liquid
At present, the solid form exhibits a clear dominance in the market.

Breakup by Grade:

  • Industrial
  • Reagent
  • Pharma
Industrial grade accounts for majority of the total global market.

Breakup by End-Use:

  • Potassium Carbonate
  • Potassium Phosphates
  • Potassium Soaps and Detergents
  • Liquid Fertilizers
  • Agricultural Chemicals
  • Others
The report finds that potassium carbonate currently represents the largest end-use segment.

Regional Insights:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa
On the geographical front, Asia Pacific represents the largest market across the globe.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the industry. Some of these players are:

  • UNID Company Ltd.
  • Occidental Petroleum Corporation
  • Tessenderlo Group
  • Olin Corporation
  • Erco Worldwide (USA) Inc.
  • Chengdu Huarong Chemical Company Limited

Key Questions Answered in This Report

1. What was the size of the global caustic potash market in 2022?
2. What is the expected growth rate of the global caustic potash market during 2023-2028?
3. What are the key factors driving the global caustic potash market?
4. What has been the impact of COVID-19 on the global caustic potash market?
5. What is the breakup of the global caustic potash market based on the form?
6. What is the breakup of the global caustic potash market based on the grade?
7. What is the breakup of the global caustic potash market based on the end-use?
8. What are the key regions in the global caustic potash market?
9. Who are the key players/companies in the global caustic potash market?
Frequently Asked Questions about the Global Caustic Potash Market

What is the estimated value of the Global Caustic Potash Market?

The Global Caustic Potash Market was estimated to be valued at $1.9 Billion in 2022.

What is the growth rate of the Global Caustic Potash Market?

The growth rate of the Global Caustic Potash Market is 4.7%, with an estimated value of $2.5 Billion by 2028.

What is the forecasted size of the Global Caustic Potash Market?

The Global Caustic Potash Market is estimated to be worth $2.5 Billion by 2028.

Who are the key companies in the Global Caustic Potash Market?

Key companies in the Global Caustic Potash Market include UNID Company Ltd., Occidental Petroleum Corporation, Tessenderlo Group, Olin Corporation, Erco Worldwide (USA) Inc. and Chengdu Huarong Chemical Company Limited.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Caustic Potash Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End Use
5.7 Market Breakup by Form
5.8 Market Breakup by Grade
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Raw Material Procurement
5.11.2 Manufacturing
5.11.3 Marketing
5.11.4 Distribution
5.11.5 Exports
5.11.6 End-Use
5.12 Porter’s Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Trade Data
5.13.1 Imports
5.13.2 Exports
5.14 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 North America
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Asia Pacific
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Latin America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Middle East and Africa
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End Use
7.1 Potassium Carbonate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Potassium Phosphates
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Potassium Soaps and Detergents
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Liquid Fertilizers
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Agricultural Chemicals
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Form
8.1 Solid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Liquid
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Grade
9.1 Industrial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Reagent
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharma
9.3.1 Market Trends
9.3.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Production Capacities of Key Players
11 Caustic Potash Manufacturing Process
11.1 Product Overview
11.2 Chemical Reactions Involved
11.3 Detailed Process Flow
11.4 Raw Material Requirement
11.5 Mass Balance and Feedstock Conversion Rate
12 Caustic Potash: Feedstock Analysis
12.1 Potassium Chloride
12.1.1 Market Performance
12.1.1.1 Volume Trends
12.1.1.2 Value Trends
12.1.2 Price Trends
12.1.3 Market Forecast
12.1.4 Market Breakup by Region
12.1.5 Key Suppliers
13 Key Player Profiles
13.1 UNID Company Ltd.
13.2 Occidental Petroleum Corporation
13.3 Tessenderlo Group
13.4 Olin Corporation
13.5 Erco Worldwide (USA) Inc.
13.6 Chengdu Huarong Chemical Company Limited
List of Figures
Figure 1: Global: Caustic Potash Market: Major Drivers and Challenges
Figure 2: Global: Caustic Potash Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Caustic Potash Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Caustic Potash Market: Average Prices (in US$/Ton), 2017-2022
Figure 5: Caustic Potash Market: Price Structure
Figure 6: Global: Caustic Potash Market: Production Breakup by Region (in %), 2022
Figure 7: Global: Caustic Potash Market: Consumption Breakup by Region (in %), 2022
Figure 8: Global: Caustic Potash Market: Breakup by End-Use (in %), 2022
Figure 9: Global: Caustic Potash Market: Breakup by Form (in %), 2022
Figure 10: Global: Caustic Potash Market: Breakup by Grade (in %), 2022
Figure 11: Global: Caustic Potash Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 12: Global: Caustic Potash Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 13: Global: Caustic Potash Industry: SWOT Analysis
Figure 14: Global: Caustic Potash Industry: Value Chain Analysis
Figure 15: Global: Caustic Potash Industry: Porter’s Five Forces Analysis
Figure 16: North America: Caustic Potash Market (in ‘000 Tons), 2017 & 2022
Figure 17: North America: Caustic Potash Market Forecast (in ‘000 Tons), 2023-2028
Figure 18: Asia Pacific: Caustic Potash Market (in ‘000 Tons), 2017 & 2022
Figure 19: Asia Pacific: Caustic Potash Market Forecast (in ‘000 Tons), 2023-2028
Figure 20: Europe: Caustic Potash Market (in ‘000 Tons), 2017 & 2022
Figure 21: Europe: Caustic Potash Market Forecast (in ‘000 Tons), 2023-2028
Figure 22: Latin America: Caustic Potash Market (in ‘000 Tons), 2017 & 2022
Figure 23: Latin America: Caustic Potash Market Forecast (in ‘000 Tons), 2023-2028
Figure 24: Middle East and Africa: Caustic Potash Market (in ‘000 Tons), 2017 & 2022
Figure 25: Middle East and Africa: Caustic Potash Market Forecast (in ‘000 Tons), 2023-2028
Figure 26: Global: Caustic Potash Market (Potassium Carbonate): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 27: Global: Caustic Potash Market Forecast (Potassium Carbonate): Volume Trends (in ‘000 Tons), 2023-2028
Figure 28: Global: Caustic Potash Market (Potassium Phosphates): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 29: Global: Caustic Potash Market Forecast (Potassium Phosphates): Volume Trends (in ‘000 Tons), 2023-2028
Figure 30: Global: Caustic Potash Market (Potassium Soaps and Detergents): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 31: Global: Caustic Potash Market Forecast (Potassium Soaps and Detergents): Volume Trends (in ‘000 Tons), 2023-2028
Figure 32: Global: Caustic Potash Market (Liquid Fertilizers): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 33: Global: Caustic Potash Market Forecast (Liquid Fertilizers): Volume Trends (in ‘000 Tons), 2023-2028
Figure 34: Global: Caustic Potash Market (Agricultural Chemicals): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 35: Global: Caustic Potash Market Forecast (Agricultural Chemicals): Volume Trends (in ‘000 Tons), 2023-2028
Figure 36: Global: Caustic Potash Market (Other End-Uses): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 37: Global: Caustic Potash Market Forecast (Other End-Uses): Volume Trends (in ‘000 Tons), 2023-2028
Figure 38: Global: Caustic Potash Market (Solid Form): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 39: Global: Caustic Potash Market Forecast (Solid Form): Volume Trends (in ‘000 Tons), 2023-2028
Figure 40: Global: Caustic Potash Market (Liquid Form): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 41: Global: Caustic Potash Market Forecast (Liquid Form): Volume Trends (in ‘000 Tons), 2023-2028
Figure 42: Global: Caustic Potash Market (Industrial): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 43: Global: Caustic Potash Market Forecast (Industrial): Volume Trends (in ‘000 Tons), 2023-2028
Figure 44: Global: Caustic Potash Market (Reagent): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 45: Global: Caustic Potash Market Forecast (Reagent): Volume Trends (in ‘000 Tons), 2023-2028
Figure 46: Global: Caustic Potash Market (Pharma): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 47: Global: Caustic Potash Market Forecast (Pharma): Volume Trends (in ‘000 Tons), 2023-2028
Figure 48: Global: Caustic Potash Manufacturing: Detailed Process Flow
Figure 49: Global: Caustic Potash Manufacturing: Conversion Rate of Feedstocks
Figure 50: Global: Potassium Chloride Market: Volume Trends (in Million Tons), 2017-2022
Figure 51: Global: Potassium Chloride Market: Value Trends (in Million US$), 2017-2022
Figure 52: Global: Potassium Chloride Market: Average Prices (in US$/Ton), 2017-2028
Figure 53: Global: Potassium Chloride Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 54: Global: Potassium Chloride Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 55: Global: Potassium Chloride Market: Breakup by Region (in %)
Figure 56: Global: Potassium Chloride Market: Breakup by End-Use (in %)
List of Tables
Table 1: Caustic Potash: Physical Properties
Table 2: Caustic Potash: Chemical Properties
Table 3: Global: Caustic Potash Market: Key Industry Highlights, 2022 and 2028
Table 4: Global: Caustic Potash Market Forecast: Breakup by Region (in ‘000 Tons), 2023-2028
Table 5: Global: Caustic Potash Market Forecast: Breakup by End Use (in ‘000 Tons), 2023-2028
Table 6: Global: Caustic Potash Market Forecast: Breakup by Form (in ‘000 Tons), 2023-2028
Table 7: Global: Caustic Potash Market Forecast: Breakup by Grade (in ‘000 Tons), 2023-2028
Table 8: Global: Caustic Potash Market: Imports by Major Countries
Table 9: Global: Caustic potash Market: Exports by Major Countries
Table 10: Global: Caustic Potash Market: Competitive Structure
Table 11: Global: Caustic Potash Market: Production Capacities of Major Players
Table 12: Global: Caustic Potash: Manufacturing Process: Raw Material Requirements
Table 13: Global: Potassium Chloride Market: Production Capacities of Major Players

Companies Mentioned

  • UNID Company Ltd.
  • Occidental Petroleum Corporation
  • Tessenderlo Group
  • Olin Corporation
  • Erco Worldwide (USA) Inc.
  • Chengdu Huarong Chemical Company Limited

Methodology

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