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Potassium Hydroxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23311
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Potassium Hydroxide Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Potassium Hydroxide | Chemical | USA | 633 USD/MT |
| Potassium Hydroxide | Chemical | Belgium | 870 USD/MT |
The price of potassium hydroxide in the United States for Q4 2023 reached 633 USD/MT in December.
The price trend for potassium hydroxide in Belgium for Q4 2023 reached 870 USD/MT in December.
Potassium Hydroxide Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Potassium Hydroxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of potassium hydroxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of potassium hydroxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing potassium hydroxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Potassium Hydroxide Market Analysis
The global potassium hydroxide market size reached US$ 2.26 billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.57 billion, at a projected CAGR of 5.20% during 2023-2032.
- Potassium hydroxide is used as a key ingredient in producing liquid soaps and soft soaps due to its ability to saponify fats and oils, resulting in soaps that are more soluble in water than sodium soaps, which strengthens the market growth.
- Concurrently, the widespread product utilization as a catalyst in the transesterification process to convert vegetable oils and animal fats into biodiesel is aiding in market expansion. It helps break down triglycerides into glycerol and fatty acid esters, which are the primary components of biodiesel.
- Moreover, the widespread product utilization for the production of various potassium compounds, such as potassium carbonate, potassium phosphates, and potassium silicates. These compounds are widely essential in various industrial and chemical processes, thus creating a positive outlook for market expansion.
- Besides this, potassium hydroxide is used to produce potassium-containing fertilizers in the agriculture sector. It is a vital nutrient for plant growth, and it provides a highly soluble source of potassium for use in liquid fertilizers, thus supporting the market demand.
- Furthermore, potassium hydroxide is used as an electrolyte in alkaline batteries. Its high conductivity and stability improve the battery's performance and lifespan, making it a preferred choice for many battery applications, thereby impelling the market growth.
- Potassium hydroxide’s acidic properties spurring its use in industrial and household cleaning agents to remove grease, oils, and other organic materials is acting as another significant growth-inducing factor. It is particularly effective in drain cleaners and oven cleaners, which is further boosting its popularity.
- Another factor supporting the market growth is the surging use of potassium hydroxide in the pharmaceutical industry in the synthesis of various drugs and medical compounds. It acts as a reagent in chemical reactions required to produce certain active pharmaceutical ingredients, creating lucrative opportunities for the market growth.
- Additionally, the increasing use of potassium hydroxide in food processing as a pH stabilizer, thickening agent, and peel fruits and vegetables, ensuring the consistency and quality of various food products is providing an impetus to the market growth.
- Apart from this, potassium hydroxide is used in the textile industry for mercerizing cotton, which improves dye uptake and fabric strength, helping in the removal of impurities and the bleaching process, thus contributing to the market expansion.
Potassium Hydroxide News
The report covers the latest developments, updates, and trends impacting the global potassium hydroxide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in potassium hydroxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the potassium hydroxide price trend.
Latest developments in the potassium hydroxide industry:
- In February 2024, INEOS Inovyn introduced its Ultra Low Carbon (ULC) Chlor-Alkali range, reducing CO2 emissions by up to 70%. The new range, including Caustic Soda, Caustic Potash, and Chlorine, aids customers in meeting their 2030 emission reduction targets.
Product Description
Potassium hydroxide (KOH) is a strong alkaline compound also known as caustic potash. It is a white, solid substance that readily absorbs moisture from the air, often appearing as a colorless crystalline material. When dissolved in water, it forms a highly corrosive and strongly basic solution. Potassium hydroxide is an inorganic chemical belonging to the hydroxide group and is commonly produced by the electrolysis of potassium chloride.
Potassium hydroxide has a wide range of applications in various industries due to its strong alkaline nature. It is extensively used in the manufacture of soaps and detergents, where it acts as a saponification agent, converting fats and oils into soap and glycerol. The compound is also crucial in the production of biodiesel, where it catalyzes the transesterification process. Additionally, potassium hydroxide is employed in the food industry for pH regulation and as a thickening agent and stabilizer. Besides this, it is used as a reagent in chemical analyses and experiments in laboratories.
Regional Coverage
The report provides a detailed analysis of the potassium hydroxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the potassium hydroxide price trend.
Global Potassium Hydroxide Price
The report offers a holistic view of the global potassium hydroxide pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Potassium Hydroxide Price
European Potassium Hydroxide prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed potassium hydroxide price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Potassium Hydroxide Price
The analysis of potassium hydroxide prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on potassium hydroxide prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Potassium Hydroxide Price
The report explores the potassium hydroxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on potassium hydroxideprices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East and Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Potassium Hydroxide Price
The Potassium Hydroxide pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed potassium hydroxideprices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Potassium Hydroxide Price
The analysis of potassium hydroxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Potassium Hydroxide |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Potassium Hydroxide Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of potassium hydroxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting potassium hydroxide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the potassium hydroxide industry.
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