Caustic Potash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
Caustic potash, also called potassium hydroxide, is an inorganic alkaline compound with the chemical formula KOH. It is manufactured industrially by the electrolysis of potassium chloride and water solution. Being a strong alkali, caustic potash is an important ingredient in the manufacturing process of a number of industrial chemicals including potassium chloride, detergents, fertilizers, etc. According to IMARC Group’s recently published report titled “Caustic Potash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global caustic potash market has grown at a CAGR of 2.7% during 2009-2016. The report finds that as a result of a continuously increasing global population, the demand for caustic potash in agricultural and non-agricultural industries has grown steadily over the past few years. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of caustic potash, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has provided a segmentation of the global caustic potash market on the basis of end-use. The biggest consumer of caustic potash is the potassium carbonate manufacturing industry accounting for the bulk of the total global consumption in 2016. Potassium carbonate was followed by potassium phosphates, soaps and detergents, liquid fertilizers and agriculture chemicals. Other applications of caustic potash include the manufacturing of potassium chemicals (acetates, cyanides, permanganates and citrates), neutralization agents, batteries, etc.
Furthermore, the report has segmented the global caustic potash market on the basis of geography, analysing the key regions. According to the report, North America represents the biggest producer of caustic potash accounting for the majority of total global production, followed by Asia and Europe. On the basis of consumption, Asia represents the biggest consumer of caustic potash accounting for nearly half of its global consumption in 2016. Analysing the global import and export data, the report has found Suriname as the largest importer of caustic potash. Suriname was followed by Germany, France, Denmark, Argentina, Israel, Canada, Malaysia, Netherlands and Japan. Republic of Korea, on the other hand, represented the largest global exporter of caustic potash followed by Jordan, France, United States of America, China, Italy, Germany, Czech Republic, Taipei and Netherlands.The report has also analysed the key players that are operating in the global caustic potash market. The companies analysed in the report include Unid Co, Occidental Chemical Corporation, Tessenderlo Chemie NV, Olin Chlor Alkali Products, Erco Worldwide (USA) Inc. and Chengdu Huarong Chemical Company Limited.
The essential aspects of the global caustic potash market evaluated in the report include:
Key application areas
Raw material requirements
Chemical reactions involved in the manufacturing process