According to the latest report by IMARC Group, titled, “Japan Caustic Potash Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027 “, The Japan caustic potash market is expected to exhibit a CAGR of 3.30% during 2022-2027.
Caustic potash (KOH), commonly known as potassium hydroxide, is an alkaline inorganic compound produced through the electrolysis of potassium chloride solution. It is mainly available in the flake, solid, powder, pellet, and liquid variants. Caustic potash is utilized to produce hairsprays, lotions, detergents, photographic chemicals, fertilizers, etc. Compared to the traditionally-used caustic soda, it exhibits higher solubility and generates more heat when dissolved in alcohol or water. As a result, caustic potash finds widespread applications in cleaning, sanitizing, and manufacturing potassium phosphate, carbonate, chemicals, agricultural fertilizers, etc.
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Market Trends
The escalating product demand as a thickening agent, stabilizer, and pH adjuster to prolong the shelf-life of food items is among the primary factors driving the Japan caustic potash market. Besides this, the elevating requirement for this substance as a cleaning agent in soaps, detergents, and commercial cleaners is further augmenting the market growth. Apart from this, the growing popularity of membrane cell technology for obtaining enhanced purity of caustic potash is also catalyzing the market across Japan. Moreover, the rising product need in the agriculture industry to improve root strength, yield, and nutrient absorption of the crops is acting as another significant growth-inducing factor. Furthermore, the increasing usage of this substance to examine fungi and fungal elements in the hair, skin, and nails is expected to bolster the Japan caustic potash market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
· The competitive landscape of the industry has also been examined along with the profiles of the key players.
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The report has segmented the market based on form, grade and end use.
Breakup by Form:
· Solid
· Liquid
Breakup by Grade:
· Industrial
· Reagent
· Pharma
Breakup by End Use:
· Potassium Carbonate
· Potassium Phosphates
· Potassium Soaps and Detergents
· Liquid Fertilizers
· Agricultural Chemicals
· Others
Breakup by Region:
· Kanto Region
· Kinki Region
· Central/ Chubu Region
· Kyushu-Okinawa Region
· Tohoku Region
· Chugoku Region
· Hokkaido Region
· Shikoku Region
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