Global Potassium Hydroxide Market 2018-2022

The global potassium hydroxide market size will grow by 542.13 TMT during 2018-2022. This report offers an analysis of the market based on application (potassium carbonate, chemical intermediates, other potassium salts, pharma and household, and others) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several companies including Gujarat Alkalies and Chemicals, INEOS, Occidental Petroleum Corporation, Olin Corporation, Superior Plus, and UNID.

Below are some of the key findings from the potassium hydroxide market research report

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Global potassium hydroxide industry overview

One of the key factors contributing to the growth of the global potassium hydroxide market is the increasing demand for potassium carbonate. In end-user industries such as the detergents, glass, cosmetics, food, pharmaceuticals, and agriculture sectors, potassium carbonate produced from potassium hydroxide is widely used as a raw material or chemical intermediate to manufacture end-user products. The major factor driving the global potassium carbonate market is the high demand for the chemical from the glass industry. Potassium carbonate is used to manufacture optical and specialty glass for cathode ray tubes used in televisions, computer monitors, and other electronic devices. Moreover, the development of cost-effective manufacturing methods for liquid laundry detergents using potassium carbonate is creating a high potential for revenue generation among major laundry detergent manufacturers in the global market. The increasing demand for liquid laundry detergents can be attributed to the rising preference for automatic washing machines, which is further driving the market demand for potassium carbonate. The leading global manufacturers of potassium carbonate cater to industries such as institutional cleaning, specialty glass, food and pharmaceuticals, and cosmetics. Potassium carbonate is a good source of potassium ions in fertilizers, pharmaceuticals, and catalysts. Moreover, it also enhances the fluxing properties in glass and metal applications.

Increasing applications of potassium hydroxide are one of the major trends augmenting the growth of the global potassium hydroxide market. The demand for potassium hydroxide from various end-user industries is rising steadily. It is used as industrial and institutional cleaners. At the molecular level, potassium hydroxide is smaller than sodium hydroxide. This allows them to enter oil molecules more rapidly than sodium hydroxide and break the oil’s hold on the surface faster so that they can be rinsed away easily using hot water or steam. Owing to such factors, the global market is expected to grow at a CAGR of nearly 5% during the forecast period.

Top potassium hydroxide companies covered in this market research report

The potassium hydroxide market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this potassium hydroxide industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Gujarat Alkalies and Chemicals
• INEOS
• Occidental Petroleum Corporation
• Olin Corporation
• Superior Plus
• UNID

Potassium hydroxide market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC led the market in 2017 with a market share of 48%. This region is expected to dominate the market through 2022, with over 1% increase in its market share.

Potassium hydroxide market segmentation based on application

• Potassium carbonate
• Chemical intermediates
• Other potassium salts
• Pharma and household
• Others

The potassium carbonate application segment will account for the highest growth in the market. The potassium carbonate segment held the largest market share in 2017, accounting for 26% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various applications segments to the growth of the potassium hydroxide market size.

Key highlights of the global potassium hydroxide market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the potassium hydroxide market during the next five years
• Precise estimation of the global potassium hydroxide market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the potassium hydroxide industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of potassium hydroxide companies

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