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Global Potassium Hydroxide Market 2018-2022

Global Potassium Hydroxide Market 2018-2022

  • November 2018
  • 112 pages
  • ID: 5647208
  • Format: PDF
  • By Infiniti Research Limited

Summary

Table of Contents

About this market
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. Technavio’s market research analysts have predicted that the global potassium hydroxide market will register a CAGR of nearly 5% by 2022.

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.
For the detailed list of factors that will drive and challenge the growth of the potassium hydroxide market during the 2018-2022, view our report.

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. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’.

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