The Global Market for Potassium Hydroxide (KOH) is Projected to Reach 2.2 Million Tons by 2020

Myriad Uses of Potassium Hydroxide (KOH) in Varied Forms Drives Global Demand, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Caustic Potash (Potassium Hydroxide) market. The global market for Potassium Hydroxide (KOH) is projected to reach 2.2 million tons by 2020, driven by wide ranging applications of Potassium Hydroxide (KOH), and strong demand for KOH-based fertilizers for increasing crop productivity.

Caustic potash, also known as potassium hydroxide (KOH) is highly suitable for wide-ranging industrial applications. Some of the properties of KOH include exothermic dissolution in water, resistant to dehydration, and hygroscopic nature. The chemical is soluble in alcohol, ether, glycerol, and is insoluble in aqueous ammonia. Potassium hydroxide is a primary chemical that is widely used in the manufacturing of fertilizers, potassium permanganate, potassium carbonate and other potash. Moreover, the compound is also used in various industries like dye, light, medicine and textiles. Few of the many applications of potassium hydroxide in varied forms that is driving global demand include its use in drying gases as a dehydrating agent, as a preservative, bleaching agent, melting agent, absorbing agent for carbon dioxide gas, as a raw material for dimethyl terephthalic acid, in petroleum fractions as a refining agent, in alkaline batteries, and as a chemical desiccant, among others.

Healthy growth is projected for the caustic potash market in the coming years driven by the rising need to increase crop productivity to feed the expanding global population that is driving strong demand for  KOH-based fertilizers. Potassium carbonate, a major derivative of potassium hydroxide, represents another high growth application area that is expected to augur well for market expansion in the coming years. Various downstream and upstream applications of potassium carbonate are making potassium hydroxide an essential chemical in several applications including potassium soap, medicines, inks, dyes, leather tanning, crystals, ceramics, explosives, electroplating and construction materials. Potassium carbonate also plays a vital role in the production of food additives such as potassium sorbate, and monopotassium phosphate, among others. Growing demand for potassium hydroxide for the production of biodiesel through the ‘transesterification of triglycerides’ process is also poised to benefit market prospects in the near term.

As stated by the new market research report on Caustic Potash (Potassium Hydroxide), Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 5.8% over the analysis period. China ranks as the largest producer and consumer of Caustic Potash. Increasing demand for high-quality potassium hydroxide manufactured using the ionic membrane technique, rising need for food security in the hugely populous countries of China and India, and expanding applications of KOH in photography, catalysts and pharmaceuticals markets represent key growth drivers in the region.

Key players covered in the report include Agrium Inc., Airedale Chemical Company Limited, Altair Chimica SpA, Ashta Chemicals Inc., Cheng Du Chemical Co., Ltd., ERCO Worldwide, Ercros SA, Evonik Industries AG, Haifa Chemicals Ltd., Ineos Chlor Vinyls, JSC Uralkali, K+S KALI GmbH, Occidental Petroleum Corporation, Olin Corporation, Pan-Americana S.A Industrias Quimicas, PotashCorp., Potasse and Produits Chimiques SAS, Qinghai Salt Lake Industry Co., Ltd., Sandvik AB, Seidler Chemical Co., Inc., Sigma-Aldrich Co. LLC, The Mosaic Company, Taixing Xiangyun Chemical Co., Ltd., UNID Co., Ltd., and Vynova Group, among others.

The research report titled “Caustic Potash (Potassium Hydroxide): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of global companies. The report provides market estimates and projections in volume (Tons) for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.