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 or potassium hydroxide represents a strong alkaline chemical. It is produced by the electrolysis of brine prepared from water and potassium chloride. In line with this, caustic potash is commonly available in liquid and solid forms. These variants are highly reactive as well as corrosive and generate heat when dissolved in alcohol and water. They prove to be extremely effective in the manufacturing of phosphates, batteries, neutralization agents, and several potassium chemicals, such as acetates, cyanides, permanganate, citrates, etc. As a result, caustic potash formulations find extensive applications across numerous sectors, including food and beverage (F&B), personal care, pharmaceuticals, agriculture, etc., across India.
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India Caustic Potash Market Trends and Drivers:
The growing consumer inclination towards effective stabilizers, pH adjusters, and thickening agents to prolong the shelf life of products is among the key factors driving the India caustic potash market. Additionally, the widespread adoption of potassium hydroxide as a cleaning agent to manufacture soaps, shampoos, detergents, denture cleansers, etc., is acting as another significant growth-inducing factor. Besides this, the inflating need for caustic potash across the healthcare industry to prepare clinical specimens for microscopic visualization is further stimulating the market growth across the country. Moreover, the rising requirement for improving crop productivity, owing to the expanding global population and decreasing arable land, is also catalyzing the market growth. Apart from this, strategic collaborations among key market players and the increasing utilization of pesticides, herbicides, insecticides, and fertilizers to enhance overall yield and productivity are expected to fuel the India caustic potash market over the forecasted period.
India Caustic Potash Market 2022-2027 Analysis and Segmentation:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis on region, form, grade, end use.
Breakup by Form:
Breakup by Grade:
Breakup by End Use:
- Potassium Carbonate
- Potassium Phosphates
- Potassium Soaps and Detergents
- Liquid Fertilizers
- Agricultural Chemicals
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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
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