Press release
Global Caustic Potash Market to Reach 2.5 Million Tons by 2022
The structure of caustic potash consists of an ionic bond between the potassium metal cation and the hydroxyl anion. It is deliquescent, corrosive and highly reactive in nature and absorbs moisture from the air until it is dissolved. Caustic potash is either used as a solid (flakes, crystals or briquettes) or as a solution with varying concentrations. On account of its distinct list of properties, caustic potash finds myriad applications in a number of industries. It is extensively used in consumer products, agro-chemicals and industrial chemicals.
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The demand for caustic potash witnessed a fluctuating trend during 2008-2015. This was due to a decline in both its demand and prices during the period. However, the demand for caustic potash increased moderately in the year 2016. According to a new report by Expert Market Research, the global caustic potash market reached around 2 Million Tons in 2016 and is further expected to reach 2.5 Million Tons by 2022. Factors such as increasing population, rising disposable income and a growing demand from emerging nations have proliferated the demand for caustic potash across the world.
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Key findings from the report:
Caustic potash serves a number of application domains which include potassium carbonate, potassium phosphates, potassium soaps and detergents, liquid fertilizers and Others. Among these, potassium carbonate accounted for the largest share in 2016.
Region-wise, Asia dominated the market with the majority of the share. This can be attributed to the mounting population in the region. Asia was followed by North America, Europe and Others.
Some of the top players operating in the global caustic potash market include Unid Co Ltd, Occidental Chemical Corporation, Tessenderlo Chemie NV, Olin Chlor Alkali Products, Erco Worldwide (USA) Inc. and Chengdu Huarong Chemical Company Limited.
Expert Market Research has analysed the global caustic potash market according to application, major regions and top players:
Market breakup by Application
Potassium carbonate
Potassium phosphates
Potassium soaps and detergents
Liquid fertilizers
Other applications
Market breakup by Region
Asia
North America
Europe
Others
Top players
Unid Co Ltd
Occidental Chemical Corporation
Tessenderlo Chemie NV
Olin Chlor Alkali Products
Erco Worldwide (USA) Inc.
Chengdu Huarong Chemical Company Limited
Browse more reports related to chemical & material industry: http://www.expertmarketresearch.com/categories/chemicals-market-reports
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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