Global Potassium Hydroxide Market 2018-2022|Growing Demand for Potassium Carbonate to Drive Demand| Technavio

Technavio’s analysts forecast the global potassium hydroxide market to grow at a CAGR of nearly 5% during the forecast period, according to their latest market research report.

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Increasing applications of potassium hydroxide is one of the major trends augmenting the growth of the global potassium hydroxide market 2018-2022. The demand for potassium hydroxide from various end-user industries is rising steadily. Potassium hydroxide is used in industrial and institutional cleaners. At the molecular level, potassium hydroxide is smaller than sodium hydroxide, this allows them to enter oil molecules more rapidly than sodium hydroxide and break the oil’s hold on the surface faster so that they can be rinsed away easily using hot water or steam.

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According to Technavio’s analysts, one of the key factors contributing to the growth of the global potassium hydroxide market is the growing demand for potassium carbonate:

Global potassium hydroxide market: Growing demand for potassium carbonate

In end-user industries such as the detergents, glass, cosmetics, food, pharmaceuticals, and agriculture sectors, potassium carbonate produced from potassium hydroxide, is widely used as a raw material or chemical intermediate to manufacture end-use products. The major factor driving the global potassium carbonate market is the high demand from the glass industry. Potassium carbonate is used to manufacture optical and specialty glass for cathode ray tubes used in televisions, computer monitors, and other electronic devices. Moreover, the development of cost-effective manufacturing methods for liquid laundry detergents using potassium carbonate is creating a high potential for revenue generation among major laundry detergent manufacturers in the global market.

According to a senior analyst at Technavio for research on specialty chemicals, “The increasing demand for liquid laundry detergents can be attributed to the rising preference for automatic washing machines, which is further driving the market demand for potassium carbonate. The leading global manufacturers of potassium carbonate cater to industries such as industrial and institutional cleaning, specialty glass, food and pharmaceuticals, and cosmetics. Potassium carbonate is a good source of potassium ions in fertilizers, pharmaceuticals, and catalysts. It also enhances the fluxing properties in glass and metal applications.”

Global potassium hydroxide market: Segmentation analysis

The global potassium hydroxide market research report provides market segmentation by application (potassium carbonate, chemical intermediates, other potassium salts, pharma and household, and others). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The potassium carbonate segment held the largest market share in 2017, accounting for 26% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of 48%. This region is expected to dominate the market through 2022, with over 1% increase in its market share.

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Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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