Potassium
hydroxide is a liquid inorganic compound also known as caustic
potash. Sodium hydroxide and potassium are mainly employed in the
production of potassium hydroxide. Potassium hydroxide is employed in
several application segments including soaps, petroleum refining,
fertilizers and precursors for several chemicals among others.
Fertilizers represent the largest application segment for potassium
hydroxide and the trend is expected to continue in the near future.
Growing
population has been the foremost driver for potassium hydroxide
market growth. The demand for potassium hydroxide is driven by
increasing demand for food leading to increasing demand for
fertilizers. Increasing disposable income and emerging economies are
also amongst the major driver for market growth. Health hazards
associated with potassium hydroxide have been a major factor
restraining market growth. Emerging economies in the Rest of the
World segment are expected to offer huge growth opportunity for
market growth.
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Asia
Pacific region dominated the global demand for potassium hydroxide
and the trend is expected to continue during the forecast period.
India and China are the one of the largest economies in terms of
population are expected to be the most dominant regions in Asia
Pacific. North America is the second largest geographical segment in
terms of consumption for potassium hydroxide. Latin American
countries are expected to drive the demand for potassium hydroxide in
the RoW segment. Demand for potassium hydroxide in Russia and Eastern
European region is also expected to foresee high growth during the
forecast period.
Some
of the major players in the potassium hydroxide market include The
Mosaic
Company,
Armand Products, Haifa Chemicals Ltd., ICL Fertilizers, Occidental
Chemical Corporation, JSC Uralkali, Qinghai Salt Late Potash Co., Ltd
and PotashCorp among others.
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This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Rest
of the World
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Current
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