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.

A significant portion of potassium hydroxide produced globally is used in the production of potassium carbonate, which is used for many chemical synthesis process. Several organic and inorganic and organic potassium salts are produced from potassium carbonate as well as it is a raw material for condensation agents and drying neutralization. It finds application as a fertilizer for acidic soil as well as the printing and textile industry. Potassium carbonate solutions are utilized as cooling brines and fire retardants, along with its usage as a leavening agent in baked goods, and an additive in drying raisins, among others. Moreover, potassium carbonate is applied in the production of video glass and various other specialty glasses, photographic chemicals, detergents and cleaners, gas purification, dairy industry, rubber additives, polymer catalysts, potassium bicarbonate, textiles, and cement.    

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.

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.

Get a sample copy of the potassium hydroxide market report, visit: https://www.reportsanddata.com/sample-enquiry-form/2658

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 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.

To know more about the latest insights of the report, visit: https://www.reportsanddata.com/request-latest-insight/2658

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

  • Liquid Potassium Hydroxide
  • Solid Potassium Hydroxide

Distribution Channel Outlook

  • Online
  • Offline

Applications Outlook

  • Chemical
  • Pharmaceutical
  • Agriculture
  • Others

Regional Outlook

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • MEA

Explore Trending Reports:

Industrial Burners Market-https://bhagyashrishewale.blogspot.com/2023/07/industrial-burners-market-analysis.html

Portable Generators Market-https://bhagyashrishewale.blogspot.com/2023/07/portable-generators-market-to-exceed.html

Leak Testers Market-https://bhagyashrishewale.blogspot.com/2023/07/leak-testers-market-research-by-expert.html

Agricultural Insurance Market-https://bhagyashrishewale.blogspot.com/2023/07/agricultural-insurance-market-size.html

Request a customization of the report: https://www.reportsanddata.com/download-free-sample/2658

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data                                   

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release