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World - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Article Publishing Date: Jun 4, 2021

Alternative Energy Demand Drives Global Potassium Hydroxide Market

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IndexBox has just published a new report: 'World - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The potassium hydroxide market, buoyed by steady demand from soap and detergent, fertilizer, and potassium carbonate manufacturers, emerged from the pandemic without any significant losses. The market is set to expand further due to increasing demand from the hygiene product industry, electronic chemistry, and alternative fuels.

Key Trends and Insights

Despite the pandemic, the global potassium hydroxide market increased by 10% y-o-y and reached 5.1M tonnes in 2020 (IndexBox estimates). The booming soap and detergent industry became the main driver of the caustic potash market growth. New consumer hygienic behavior patterns, as well as requirements for disinfection of public places, should continue to boost soap and detergent production and keep afloat the potassium hydroxide market in the coming years. 

Fertilizer manufacture also features as one of the key downstream industries for potassium hydroxide, being also the industry feeling robust during the pandemic, as major crop production continues to grow. New areas are currently being involved in the production of soybeans, grains and other products; the less land remains available, the more prominent becomes the need for fertilizers. The demand from the fertilizer sector additionally stimulated the caustic potash market.

Potassium hydroxide is also could be used as a catalyst in biodiesel production. The demand for biodiesel is steadily increasing on the backdrop of increased environmental concerns and alternative energy. This, together with the solar energy sector, where caustic potash is also used to a certain extent, reveals new opportunities for the potassium hydroxide market.

Approximately 50% of global potassium hydroxide consumption originates from the Asia-Pacific region. India and China account for 35% of the global consumption and are followed by the U.S. (6.7%), Germany (4.7%), Brazil (4.4%) and other countries (49.2%). Over the next decade, rapidly growing consuming industries in Asia should become the major drivers of the market growth. 

Caustic Potash Production by Country

The country with the largest volume of potassium hydroxide production was China (1.3M tonnes), comprising approx. 26% of total volume. Moreover, potassium hydroxide production in China exceeded the figures recorded by the second-largest producer, India (504K tonnes), threefold. The U.S. (386K tonnes) ranked third in total production with a 7.8% share.

From 2012 to 2020, the average annual growth rate of volume in China stood at +3.3%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.7% per year) and the U.S. (-5.0% per year).

Global Caustic Potash Imports

In 2020, after three years of growth, there was a significant decline in overseas purchases of potassium hydroxide (caustic potash), when their volume decreased by -7.7% to 1M tonnes. In value terms, potassium hydroxide imports dropped modestly to $725M in 2020. 

In 2020, Germany (141K tonnes), followed by France (90K tonnes), Belgium (71K tonnes), Malaysia (60K tonnes), Suriname (51K tonnes), Israel (50K tonnes) and the Netherlands (48K tonnes) represented the major importers of potassium hydroxide (caustic potash), together mixing up 49% of total imports. The following importers - Denmark (45K tonnes), Spain (44K tonnes), the U.S. (41K tonnes), the UK (38K tonnes), Russia (31K tonnes) and Italy (25K tonnes) - together made up 21% of total imports.

In value terms, Suriname ($80M), Germany ($70M) and Malaysia ($45M) appeared to be the countries with the highest levels of imports in 2020, together comprising 27% of global imports. Israel, France, the U.S., the Netherlands, Spain, the UK, Belgium, Russia, Denmark and Italy lagged somewhat behind, comprising a further 37%.

The average potassium hydroxide import price stood at $696 per tonne in 2020, surging by 4% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Suriname ($1,564 per tonne), while Belgium ($317 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20132530 - Potassium hydroxide (caustic potash)

This report provides an in-depth analysis of the global potassium hydroxide market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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