According to the latest report by IMARC Group, titled “India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
Caustic potash (KOH), also known as potassium hydroxide, refers to an inorganic alkaline compound commonly used as a cleaning and sanitizing agent. It is manufactured by electrolyzing aqueous potassium chloride solution and is widely used in detergents, soaps, hairsprays, dyes, molten salts, photographic chemicals and fertilizers. Caustic potash is available in different forms, such as solid, pellets, flakes, liquid and powders and is also used for stabilizing skincare products. In comparison to the traditionally used caustic soda, caustic potash exhibits higher solubility in water and maintains the pH levels effectively.
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Note: 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.
Market Trends:
The India caustic potash market is primarily being driven by the widespread product utilization in the agriculture industry to improve crop productivity and meet the rising food requirements in the country. Moreover, the increasing product adoption as a cleaning agent in wineries to remove the biofilms of bacteria and yeast inside the tanks is favoring the market growth. Caustic potash is also widely used in the food and beverage industry as a stabilizer, thickening agent and pH adjuster to extend the shelf life of products, which is favoring the market growth. Other factors, including the utilization of caustic potash in microscopic visualization of fungi, and the development of KOH-based fertilizers, are anticipated to drive the market toward growth across the country.
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
Breakup 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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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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