The global potassium hydroxide market is expected to reach USD 2.79 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to growing applications of potassium hydroxide.
Europe held the second-largest market share in 2018 and is estimated to observe a growth rate of 0.8% in the period 2019-2027.
The phosphates, derived from potassium hydroxide, have buffering chelating and cleansing effects and finds usage in primarily as builders in industrial cleaners and detergents, and in water treatment chemicals, owing to their exceptional solubility. Potassium phosphates are also implemented in solubilized casein products and food applications, among others.
Key participants include INEOS, Olin Corporation, Inovyn Chlorvinyls Limited, Occidental Petroleum Corporation, UNID, Haifa Chemicals Ltd., Potash Corp., ICL Fertilizers, The Mosaic Company, and Armand Products, among others.
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Growing demand for potassium hydroxide is likely to fuel the growth of the market in the forecast period. In veterinary medicine, this chemical is deployed to disbud calves horns and dissolve hair and scales, and in humans, it may be used in the diagnosis of fungal infections as well as dissolve warts and cuticles.
For the purpose of this report, Reports and Data have segmented the global potassium hydroxide market on the basis of product type, distribution channel, applications, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Applications Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
The key geographical regions analyzed in the report are:
Further key findings from the report suggest:
Key Questioned Answered mentioned in the Report –
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Potassium Hydroxide Market Segmentation & Impact Analysis
4.1. Potassium Hydroxide Market Material Segmentation Analysis
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