IMARC Group, a leading market research company, has recently releases report titled “India Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the India caustic potash market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the India caustic potash market?
| Report Attributes | Details |
| Market Size in 2022 | 125,040.0 Tons |
| Market Forecast in 2028 | 157,304.9 Tons |
| Growth rate (2023 to 2028) | CAGR of 3.5% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is caustic potash?
Caustic potash (KOH), commonly referred to as potassium hydroxide, represents an alkaline inorganic compound produced through the electrolysis of potassium chloride solution. It is mainly available in flakes, solids, powders, pellets, and liquid variants. Caustic potash is utilized to produce lotions, detergents, hairsprays, photographic chemicals, fertilizers, etc. Compared to the traditionally used caustic soda, it generates more heat when dissolved in alcohol or water and exhibits higher solubility. As a result, caustic potash finds extensive applications in sanitizing, cleaning, and manufacturing carbonate chemicals, such as acetates, cyanides, permanganate, citrates, potassium phosphate, agricultural fertilizers, etc.
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What are the growth prospects and trends in the India caustic potash industry?
The escalating product demand as a stabilizer, thickening agent, and pH adjuster to prolong the shelf life of food items, including chocolate, cocoa, soft drinks, and ice cream, is among the primary factors driving the India caustic potash market. Besides this, the elevating requirement for this substance as a cleaning agent in detergents, soaps, and commercial cleaners is further augmenting the market growth. Moreover, the growing popularity of membrane cell technology for obtaining enhanced purity of caustic potash is also catalyzing the market across India. Apart from this, the increasing product need in the agriculture industry to improve root strength, yield, and nutrient absorption of the crops is acting as another significant growth-inducing factor. Additionally, the extensive utilization of this compound in the production of fire extinguishers, textile printing, and specialty chemicals is also stimulating the market growth. Furthermore, the rising usage of this substance to examine fungi and fungal elements in the hair, skin, and nails is expected to bolster the India caustic potash market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 competitive landscape of the industry has also been examined along with the profiles of the key players.
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