The latest report by IMARC Group, titled “United States Caustic Potash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The United States caustic potash market size reached 621,680 Tons in 2022. Looking forward, IMARC Group expects the market to reach 721,560 Tons by 2028, exhibiting a growth rate (CAGR) of 2.51% during 2023-2028.
Also known as potassium hydroxide (KOH), caustic potash is an alkaline compound made using the electrolysis of brine. It plays a quintessential role in the production of industrial chemicals, such as acetates, cyanides, potassium chloride, and permanganates and citrates. Moreover, as it is highly reactive and corrosive, it finds extensive applications in numerous industries of the United States, which rely on a strong chemical base to degrade materials.
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United States Caustic Potash Market Trends and Drivers:
Potassium bicarbonate, which is obtained from caustic potash, is utilized as a major additive in the preparation of processed food products. The growing consumption of processed and canned food products represents one of the key factors driving the market in the US. Apart from this, caustic potash is also used as a de-icing agent on account of the harsh and prolonged winters in the country. This leads to considerable seasonal demand for caustic potash, which is offering lucrative growth opportunities to market players.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Form:
- Solid
- Liquid
Breakup by Grade:
- Industrial
- Reagent
- Pharma
Breakup by End User:
- Potassium Carbonate
- Potassium Phosphates
- Potassium Soaps and Detergents
- Liquid Fertilizers
- Agricultural Chemicals
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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