Potassium Hydroxide Market size to grow by USD 1,103.02 million from 2022 to 2027|Capacity expansions and new plants to be one of the major market trends - Technavio

NEW YORK, July 7, 2023 /PRNewswire/ -- The potassium hydroxide market size is set to grow by USD 1,103.02 million between 2022 and 2027, and register a CAGR of 3.19%, according Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

The report also covers the following areas:

• Potassium Hydroxide Market size
• Potassium Hydroxide Market trends
• Potassium Hydroxide Market industry analysis

Factors such as the growing demand for potassium carbonate, high demand for household and personal care products, and increasing demand for fertilizers will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The potassium hydroxide market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Potassium Hydroxide Market 2023-2027: Segmentation

The potassium hydroxide market is segmented as follows:

• Type 
• Solid Potassium Hydroxide
• Liquid Potassium Hydroxide
• Application 
• Potassium Carbonate
• Chemical Intermediates
• Other Potassium Salts
• Pharma And Household
• Others
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

The market share growth by the solid potassium hydroxide segment will be significant for overall market growth during the forecast period. It is an inorganic compound that is widely used for various applications, and due to its versatile properties and applications in different industries, there has been an increasing demand for solid potassium hydroxide over the years. Furthermore, some of the key applications include the production of various chemicals, including potassium salts, detergents, fertilizers, and pharmaceuticals. Hence, such factors boost the growth of the segment during the forecast period.

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Potassium Hydroxide Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the potassium hydroxide market include AGC Inc., Airedale Chemical Co. Ltd., Albemarle Corp., Altair Chimica S.p.A., American Elements, Ercros SA, Gujarat Alkalies and Chemicals Ltd., Haifa Negev Technologies Ltd., HAINAN HUARONG CHEMICAL CO. LTD., ICL, INEOS Group Holdings SA, Merck KGaA, Nike Chemical India., Occidental Petroleum Corp., Olin Corp., RAG Stiftung, Superior Plus Corp., Tessenderlo Group NV, UNID Co. Ltd., and Vynova Beek BV. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offerings

• AGC Inc. - The company offers potassium hydroxide, such as flemion which is a fluorinated ion, and its exchange membrane for the production of caustic soda and caustic potash that achieves substantial energy savings. 
• Airedale Chemical Co. Ltd. - The company offers potassium hydroxide used for cleaning chemicals, and detergents. 
• Albemarle Corp. - The company offers potassium hydroxide used in specialty glasses such as crystal, optical glass, and color TV tubes. 

Potassium Hydroxide Market 2023-2027: Market Dynamics

Key Drivers

The growing demand for potassium carbonate drives the potassium hydroxide market. Some of the key applications of potassium carbonate, produced from potassium hydroxide, include that it is used as a raw material or chemical intermediate to manufacture end-use products in various end-user industries. The industries include detergents, glass, cosmetics, food, pharmaceuticals, and agriculture. Furthermore, increasing demand for potassium carbonate from the glass industry significantly drives the market growth. Hence, such factors boost the market growth during the forecast period.

Significant Trends

Capacity expansions and new plants are emerging trends shaping market growth. As a result of the growing demand for potassium hydroxide-based consumer products, potassium salts, pharmaceuticals, and household cleaning products, the global potassium hydroxide market witnesses expansion in production capacities. Resultantly, the potassium hydroxide markets in North America, APAC, and Europe have developed rapidly due to the continuous expansion of production capacities. For example, in February 2018, Akzo Nobel and Evonik Industries began the production of potassium hydroxide using membrane electrolysis technology at their new joint venture (JV) plant in Ibbenburen, Germany. Therefore, the rapid development and expansion of the capacity of potassium oxide plants are expected to significantly drive the KOH market growth during the forecast period.

Major Challenges

The presence of less expensive substitutes challenges the growth of the market during the forecast period. The substitutes include sodium hydroxide and calcium hydroxide. For instance, sodium hydroxide pellets are a less expensive substitute and are widely used as a replacement for potassium hydroxide because they give good results with less quantity of catalyst. Also, sodium hydroxide is less expensive than potassium hydroxide as the cost of sodium hydroxide production from sodium chloride, common salt, can be around 1/3 of the cost of potassium hydroxide production. Thus, such factors are expected to hinder the Potassium Hydroxide market during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Potassium Hydroxide Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist potassium hydroxide market growth during the next five years
• Estimation of the potassium hydroxide market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the potassium hydroxide market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of potassium hydroxide market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global potassium hydroxide market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global potassium hydroxide market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Solid potassium hydroxide - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Solid potassium hydroxide - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solid potassium hydroxide - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solid potassium hydroxide - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solid potassium hydroxide - Year-over-year growth 2022-2027 (%)

• 6.4 Liquid potassium hydroxide - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Liquid potassium hydroxide - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Liquid potassium hydroxide - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Liquid potassium hydroxide - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Liquid potassium hydroxide - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Potassium carbonate - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Potassium carbonate - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Potassium carbonate - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Potassium carbonate - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Potassium carbonate - Year-over-year growth 2022-2027 (%)

• 7.4 Chemical intermediates - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Chemical intermediates - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Chemical intermediates - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Chemical intermediates - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Chemical intermediates - Year-over-year growth 2022-2027 (%)

• 7.5 Other potassium salts - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Other potassium salts - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Other potassium salts - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Other potassium salts - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Other potassium salts - Year-over-year growth 2022-2027 (%)

• 7.6 Pharma and household - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Pharma and household - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Pharma and household - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Pharma and household - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Pharma and household - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 68: Market opportunity by Application ($ million)
• Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
• Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Italy - Market size and forecast 2022-2027
• Exhibit 111: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 AGC Inc. 
• Exhibit 123: AGC Inc. - Overview
• Exhibit 124: AGC Inc. - Business segments
• Exhibit 125: AGC Inc. - Key news
• Exhibit 126: AGC Inc. - Key offerings
• Exhibit 127: AGC Inc. - Segment focus

• 12.4 Airedale Chemical Co. Ltd. 
• Exhibit 128: Airedale Chemical Co. Ltd. - Overview
• Exhibit 129: Airedale Chemical Co. Ltd. - Product / Service
• Exhibit 130: Airedale Chemical Co. Ltd. - Key offerings

• 12.5 Albemarle Corp. 
• Exhibit 131: Albemarle Corp. - Overview
• Exhibit 132: Albemarle Corp. - Business segments
• Exhibit 133: Albemarle Corp. - Key news
• Exhibit 134: Albemarle Corp. - Key offerings
• Exhibit 135: Albemarle Corp. - Segment focus

• 12.6 Altair Chimica S.p.A. 
• Exhibit 136: Altair Chimica S.p.A. - Overview
• Exhibit 137: Altair Chimica S.p.A. - Product / Service
• Exhibit 138: Altair Chimica S.p.A. - Key offerings

• 12.7 American Elements 
• Exhibit 139: American Elements - Overview
• Exhibit 140: American Elements - Product / Service
• Exhibit 141: American Elements - Key offerings

• 12.8 Ercros SA 
• Exhibit 142: Ercros SA - Overview
• Exhibit 143: Ercros SA - Business segments
• Exhibit 144: Ercros SA - Key offerings
• Exhibit 145: Ercros SA - Segment focus

• 12.9 Gujarat Alkalies and Chemicals Ltd.
• Exhibit 146: Gujarat Alkalies and Chemicals Ltd. - Overview
• Exhibit 147: Gujarat Alkalies and Chemicals Ltd. - Product / Service
• Exhibit 148: Gujarat Alkalies and Chemicals Ltd. - Key offerings

• 12.10 HAINAN HUARONG CHEMICAL CO. LTD. 
• Exhibit 149: HAINAN HUARONG CHEMICAL CO. LTD. - Overview
• Exhibit 150: HAINAN HUARONG CHEMICAL CO. LTD. - Product / Service
• Exhibit 151: HAINAN HUARONG CHEMICAL CO. LTD. - Key offerings

• 12.11 INEOS Group Holdings SA 
• Exhibit 152: INEOS Group Holdings SA - Overview
• Exhibit 153: INEOS Group Holdings SA - Business segments
• Exhibit 154: INEOS Group Holdings SA - Key news
• Exhibit 155: INEOS Group Holdings SA - Key offerings
• Exhibit 156: INEOS Group Holdings SA - Segment focus

• 12.12 Nike Chemical India. 
• Exhibit 157: Nike Chemical India. - Overview
• Exhibit 158: Nike Chemical India. - Product / Service
• Exhibit 159: Nike Chemical India. - Key offerings

• 12.13 Occidental Petroleum Corp. 
• Exhibit 160: Occidental Petroleum Corp. - Overview
• Exhibit 161: Occidental Petroleum Corp. - Business segments
• Exhibit 162: Occidental Petroleum Corp. - Key offerings
• Exhibit 163: Occidental Petroleum Corp. - Segment focus

• 12.14 Olin Corp. 
• Exhibit 164: Olin Corp. - Overview
• Exhibit 165: Olin Corp. - Business segments
• Exhibit 166: Olin Corp. - Key offerings
• Exhibit 167: Olin Corp. - Segment focus

• 12.15 RAG Stiftung 
• Exhibit 168: RAG Stiftung - Overview
• Exhibit 169: RAG Stiftung - Product / Service
• Exhibit 170: RAG Stiftung - Key offerings

• 12.16 Superior Plus Corp. 
• Exhibit 171: Superior Plus Corp. - Overview
• Exhibit 172: Superior Plus Corp. - Business segments
• Exhibit 173: Superior Plus Corp. - Key offerings
• Exhibit 174: Superior Plus Corp. - Segment focus

• 12.17 UNID Co. Ltd. 
• Exhibit 175: UNID Co. Ltd. - Overview
• Exhibit 176: UNID Co. Ltd. - Product / Service
• Exhibit 177: UNID Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

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