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Global Solid Potassium Hydroxide Market Insight
2022-04-07 Comments

According to the WK-chem Research “Global Solid Potassium Hydroxide Professional Survey Report 2022, Forecast to 2027”, The factors such as increased demand for potassium hydroxide in the pharmaceutical and chemical industry and a growing number of applications in the light industry are driving the growth of this market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 3.8% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The Potassium Hydroxide Market is driven by the growing demand from various end-use applications such as chemical, healthcare, textile dyeing, and others. Also, an increase in consumption of potassium hydroxide for manufacturing purposes particularly chemicals is expected to fuel growth over the forecast period. The growing pharmaceutical industry across the Asia Pacific region will also drive the market during this time frame. “ said Judy Lee, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.
Market insight:
Extensive use of potassium hydroxide in several industries such as food & beverages, pharmaceuticals, electronics, agriculture, and glass is the major factor responsible for growth of the potassium hydroxide market. Majorly potassium hydroxide is used in thickening of food and as a pH control agent in food & beverages. In addition, the fertilizer industry is the major buyer of potassium hydroxide, which propels the market growth. In addition, the cosmetic and personal care industry is also a buyer of potassium hydroxide. Hence, rise in demand of cosmetic products act as a factor for growth of the potassium hydroxide market. Moreover, the electronic industry is uses potassium hydroxide for manufacturing of semiconductors, which propels the market growth. However, stringent government regulations regarding such chemicals act as restraint for the market growth.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Solid Potassium Hydroxide companies that include OxyChem, UNID, Tessenderlo chemie, Olin Chlor Alkali, Evonik, ERCO Worldwide, Asahi Glass (AGC), Potasse and Produits Chimiques SAS (PPC), Pan-Americana S.A., Ercros, Albemarle, ICL, Altair Chimica, Inner Mongolia Rida Taifeng Chemical, QingHai Salt Lake Industry Group, Chengdu Huarong Chemical, Tssunfar, Xinxiang Shenma Zhenghua Chemical, Chengdu Chemical, Tianjin Longyuan Chemical, Jiangxi Zhangfeng Chemical, Taizhou Mingguang Chemical.
Segmentation of Solid Potassium Hydroxide Market:
On the basis of forms, the market is segmented into Liquid, Powder and Pallet. Among them Powder occupies the main market. It is mainly used in petroleum, gas purification, industrial soap, potassium chemicals, medicine, alkaline batteries, flavors and fragrances, dyes and other fields.
On the basis of Application, the market is segmented into Chemical Raw Material Potassium, Pharmaceutical Industry, Light Industry, Dye Industry, and Denka industry. Among them, Chemical Raw Material Potassium occupies a major market position. Potassium hydroxide has many applications in the chemical industry, and one of its main uses is as a raw material for potassium carbonate. It can also be used to produce other chemicals such as borax, soap, dyes, rayon fibers, and x-ray film. Pharmaceutical Industry is expected to grow rapidly. Potassium hydroxide is used in the pharmaceutical industry to neutralize stomach acid, making it possible for you to ingest medications. It’s also necessary for preparing other chemicals such as sulfa drugs and vitamin B compounds.
Solid Potassium Hydroxide Market: Regional Analysis
In terms of geography, the global Solid Potassium Hydroxide market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is expected to be the leading region in this market. The growth of the potassium hydroxide market can be attributed to a large number of manufacturing industries present in North America, such as the pharmaceutical and chemical industries. In Latin America, the demand for potassium hydroxide has been increasing at a significant rate due to its various applications in diverse fields across multiple countries including Brazil and Mexico. A few major players operating in this market include INEOS Group Ltd., Jungbunzlauer Suisse AG, K+S Aktiengesellschaft, Mosaic Company (The), Potash Corporation of Saskatchewan Incorporated among others.
Europe is another major market for potassium hydroxide due to the presence of a large number of manufacturing industries in this region. The Asia Pacific and Middle East & Africa markets are expected to witness significant growth during the forecast period owing to an increase in demand from various end-use segments such as chemical, healthcare, textile dyeing, etc.
Cagr: 3.8%
Largest share area:North America
Largest share area:the Unite States
Product Type(by form):Liquid, Powder and Pallet
Application:Chemical Raw Material Potassium, Pharmaceutical Industry, Light Industry, Dye Industry, and Denka industry
Leading Company:OxyChem, UNID, Tessenderlo chemie, Olin Chlor Alkali, Evonik