Potassium Hydroxide Market Growth, Forecast and Size by 2020-2027

Posted by RakshaGajbhiye on February 1st, 2021

The recent research,Potassium Hydroxide Market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2020 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Stevia market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.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.

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)

• Liquid Potassium Hydroxide
• Solid Potassium Hydroxide

Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Online
• Offline

Applications Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Chemical
• Pharmaceutical
• Agriculture
• Others

The key geographical regions analyzed in the report are:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

• By product type, solid potassium hydroxide held a larger market share in 2018. It finds usage in petroleum, gas purification, industrial soaps, potassium chemicals drugs, pharmaceuticals, alkaline batteries, flavors and fragrances, and dyestuffs, among others.
• By distribution channel, offline distribution channel contributed to a larger market share in 2018 and is likely to grow at a rate of 0.7% in the forecast period. The offline channel dominated the market in 2018. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty.
• By application, the pharmaceutical industry is estimated to grow at a rate of 1.7% in the forecast period.
• The market in the Asia Pacific region contributed to the largest market share in 2018 and is likely to experience a growth rate of 1.8% in the period 2019-2027. Rapid urbanization and industrialization, as well as the growing population in countries such as China and India, are causative of the high demand in the region.

 Key Questioned Answered mentioned in the Report -

1. What are the products offered by the Potassium Hydroxide industry presently?
   
   
2. What are the different applications of the products offered in this market of Potassium Hydroxide?
   
   
3. Who could be claimed as the most dominant and influential players in this global industry?
   
   
4. Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
   
   
5. What can be determined by the trends obtained from the evaluation of the historical data for the Potassium Hydroxide industry?

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