DUBLIN--(BUSINESS WIRE)--The "Global Potassium Hydroxide Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global potassium hydroxide market will register a CAGR of nearly 5% by 2022.
The increasing application of potassium hydroxide and its demand from various different end- user industries are rising steadily. The rapidly growing petroleum industries in countries including China, India, Brazil, The Netherlands, and many others, the use of potassium hydroxide in petroleum and natural gas refining for the removal of organic acids, and sulfur compounds is increasing. In the oil and gas industry, potassium hydroxide is used to improve drilling and well efficiency and the refining process.
In addition, the mining industries are also preferring use of potassium hydroxide when compared to hydroxides; it is often used in injection fluids and drilling muds to improve the stability of the shale as well as is drilled. Such wide application has led to a growth in potassium hydroxide market during our forecast period.
Market Overview
Growing demand for potassium carbonate
The rising preference for automatic washing machine has been accelerating the demand for liquid laundry detergents globally, therefore, this will fuel the market demand for potassium carbonate.
Presence of less expensive substitutes
Manufactures usually prefer sodium hydroxide over potassium hydroxide as it is cheaper and often lesser quality of sodium hydroxide serves the purpose.
Competitive Landscape
The potassium hydroxide market is concentrated with a few international companies. The market is currently in its growth phase and expected to continue being concentrated by 2022.
Key Topics Covered:
01: Executive Summary
02: Scope Of The Report
03: Research Methodology
04: Market Landscape
05: Market Sizing
06: Five Forces Analysis
07: Customer Landscape
08: Market Segmentation By Application
09: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
15: Appendix
Companies Mentioned
- Gujarat Alkalies and Chemicals
- INEOS
- Occidental Petroleum Corporation
- Olin Corporation
- Superior Plus
- UNID
For more information about this report visit https://www.researchandmarkets.com/research/kcc729/global_potassium?w=4
