India Caustic Potash Market to Touch 154,250 Tons by 2027, at a CAGR of 4.29%

IMARC Group has recently released a new research study titled "India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the india caustic potash industry?

The India caustic potash market size reached 120,000 Tons in 2021. Looking forward, IMARC Group expects the market to reach 154,250 Tons by 2027, exhibiting a growth rate (CAGR) of 4.29% during 2022-2027.

What is a india caustic potash?

Caustic potash or potassium hydroxide represents a strong alkaline chemical. It is produced by the electrolysis of brine prepared from water and potassium chloride. In line with this, caustic potash is commonly available in liquid and solid forms. These variants are highly reactive as well as corrosive and generate heat when dissolved in alcohol and water.

They prove to be extremely effective in the manufacturing of phosphates, batteries, neutralization agents, and several potassium chemicals, such as acetates, cyanides, permanganate, citrates, etc. As a result, caustic potash formulations find extensive applications across numerous sectors, including food and beverage (F&B), personal care, pharmaceuticals, agriculture, etc., across India.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the india caustic potash market?

The growing consumer inclination towards effective stabilizers, pH adjusters, and thickening agents to prolong the shelf life of products is among the key factors driving the India caustic potash market. Additionally, the widespread adoption of potassium hydroxide as a cleaning agent to manufacture soaps, shampoos, detergents, denture cleansers, etc., is acting as another significant growth-inducing factor. Besides this, the inflating need for caustic potash across the healthcare industry to prepare clinical specimens for microscopic visualization is further stimulating the market growth across the country.

Moreover, the rising requirement for improving crop productivity, owing to the expanding global population and decreasing arable land, is also catalyzing the market growth. Apart from this, strategic collaborations among key market players and the increasing utilization of pesticides, herbicides, insecticides, and fertilizers to enhance overall yield and productivity are expected to fuel the India caustic potash market over the forecasted period.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Form:

Solid
Liquid

Breakup by Grade:

Industrial
Reagent
Pharma

Breakup by End Use:

Potassium Carbonate
Potassium Phosphates
Potassium Soaps and Detergents
Liquid Fertilizers
Agricultural Chemicals
Others

By Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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This release was published on openPR.