According to the latest report by IMARC Group, titled “India Caustic Potash Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is expected to continue its moderate growth during the forecast period (2021-2026).
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.
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.
India Caustic Potash 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.
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India Caustic Potash Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on region, form, grade, end use.
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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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