Market Overview:
The global potassium hydroxide solution market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for potassium hydroxide solution in various applications, such as chemical industry, oil industry, food industry and others. In addition, the growing population and rising income levels are also contributing to the growth of this market. However, volatility in prices of raw materials used for manufacturing potassium hydroxide solutions is restraining the growth of this market. On the basis of type, pellets accounted for a major share of the global potassium hydroxide solution market in 2017. This can be attributed to their high purity and low moisture content that makes them ideal for use in various applications such as chemical industry and oil industry.
Product Definition:
A potassium hydroxide solution is a type of alkali that is used in the laboratory for various purposes. It can be used to dissolve metals, to precipitate proteins, and to produce certain types of salts. The solution is also important in the manufacture of soap and other detergents.
Pellets:
Pellets is the processed form of Potassium Hydroxide, a chemical compound. It's major application is in the production of caustic soda or lye (lye), which is used in soap and detergents, among other applications. The growth factor for this market has been increasing demand from end-use industries such as textiles, paper & pulp and building materials like cement and mortar.
Flakes:
Flakes or flakes are small pieces of paper that are used in the preparation of Potassium Hydroxide Solution. The Potassium Hydroxide solution is widely used as an oral antiseptic and a caustic alkaloid drug for the treatment of several diseases and conditions such as constipation, diarrhea, skin rashes among others. It is also used in toothpaste to remove plaque from teeth.
Application Insights:
The chemical industry emerged as the largest application segment and accounted for over 40% of the global potassium hydroxide solution market in 2017. The growth can be attributed to increasing demand from various industries including pharmaceuticals, water treatment, pulp & paper, and others.
The oil industry is anticipated to emerge as the fastest growing application segment owing to its rising requirement for processing crude oil into petroleum products such as diesel and gasoline. Potassium hydroxide acts as a catalyst in this process thereby promoting high product demand. Growing investments by foreign players especially from China are expected to augment product demand over the forecast period.
Growing awareness regarding healthy living among consumers particularly in North America.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of potassium hydroxide solution manufacturers, which makes it a potential source for supply as well as demand. China, India, Japan and Australia are some of the major countries that contribute to regional growth owing to increasing industrialization along with rising GDPs per capita.
The chemical industry is one of the significant sectors in Europe that consumes potassium hydroxide solution on a large scale due to its applications in manufacturing plastics and polymers; rubber processing; textile printing ink; adhesives for wood & paper products among others. Countries such as Germany, France, Italy and U.
Growth Factors:
- Increasing demand from the pulp and paper industry for potassium hydroxide as a bleaching agent is expected to drive the market growth.
- Growing demand for potassium hydroxide in detergent formulations is another key factor that would fuel the market growth over the forecast period.
- Rising consumption of potassium hydroxide in water treatment applications is also anticipated to boost the market growth in future.
- Increasing application of potassium hydroxide as a catalyst in various chemical processes is projected to create new opportunities for this market during the forecast period. 5) Growing investments by key players towards expanding their production capacities would further accelerate the growth of this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Hydroxide Solution Market Research Report
By Type
Pellets, Flakes, Powders
By Application
Chemical Industry, Oil Industry, Food Industry, Others
By Companies
Vynova, Altair Chimica, OxyChem, AG Chem Group, BRG Product, Asahi Glass (AGC), Reagents, ProChem, Tssunfar, Chengdu Huarong Chemical, Huarongroup
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Hydroxide Solution Market Report Segments:
The global Potassium Hydroxide Solution market is segmented on the basis of:
Types
Pellets, Flakes, Powders
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Oil Industry, Food Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vynova
- Altair Chimica
- OxyChem
- AG Chem Group
- BRG Product
- Asahi Glass (AGC)
- Reagents
- ProChem
- Tssunfar
- Chengdu Huarong Chemical
- Huarongroup
Highlights of The Potassium Hydroxide Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pellets
- Flakes
- Powders
- By Application:
- Chemical Industry
- Oil Industry
- Food Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Hydroxide Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium hydroxide solution is a strong base that can be used to neutralize acids. It is also used in chemical reactions, as a solvent, and in cleaning products.
Some of the key players operating in the potassium hydroxide solution market are Vynova, Altair Chimica, OxyChem, AG Chem Group, BRG Product, Asahi Glass (AGC), Reagents, ProChem, Tssunfar, Chengdu Huarong Chemical, Huarongroup.
The potassium hydroxide solution market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Hydroxide Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potassium Hydroxide Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Hydroxide Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potassium Hydroxide Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potassium Hydroxide Solution Market Size & Forecast, 2020-2028
4.5.1 Potassium Hydroxide Solution Market Size and Y-o-Y Growth
4.5.2 Potassium Hydroxide Solution Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pellets
5.2.2 Flakes
5.2.3 Powders
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Oil Industry
6.2.3 Food Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Hydroxide Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potassium Hydroxide Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pellets
9.6.2 Flakes
9.6.3 Powders
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Oil Industry
9.10.3 Food Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pellets
10.6.2 Flakes
10.6.3 Powders
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Oil Industry
10.10.3 Food Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pellets
11.6.2 Flakes
11.6.3 Powders
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Oil Industry
11.10.3 Food Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pellets
12.6.2 Flakes
12.6.3 Powders
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Oil Industry
12.10.3 Food Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pellets
13.6.2 Flakes
13.6.3 Powders
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Oil Industry
13.10.3 Food Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potassium Hydroxide Solution Market: Competitive Dashboard
14.2 Global Potassium Hydroxide Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vynova
14.3.2 Altair Chimica
14.3.3 OxyChem
14.3.4 AG Chem Group
14.3.5 BRG Product
14.3.6 Asahi Glass (AGC)
14.3.7 Reagents
14.3.8 ProChem
14.3.9 Tssunfar
14.3.10 Chengdu Huarong Chemical
14.3.11 Huarongroup
