2021 China's potassium hydroxide market development trend forecast

Potassium hydroxide (KOH), also known as "caustic potassium", is an important chemical product that has a wide range of applications in the chemical, dye, light industry, food, medicine, and agriculture industries. Due to the rising prosperity of the potassium hydroxide market in recent years, and the relatively sluggish sodium hydroxide industry, under the regulation of market rules, potassium hydroxide has resumed production and new projects have increased in recent years, and some sodium hydroxide devices have passed technological transformation. In the case of switching to potassium hydroxide devices, my country's potassium hydroxide production capacity is showing a steady and increasing trend.

Calculated by consumption, Potassium dihydrogen phosphate, potassium carbonate, potassium humate, potassium permanganate, Potassium Nitrate and other potassium salts accounted for about 45.18%; pharmaceutical and pesticide industries accounted for about 18.36%; textile industries such as indigo dyes Supplies accounted for approximately 12.71%; electrochemical products such as electroplating, batteries, wet electronic chemicals accounted for approximately 8.90%; metallurgical heating agents, leather degreasing, oil drilling and other products accounted for approximately 7.72%; cosmetics, daily chemicals and other light industries , Accounting for about 7.13%.

With the development of the Water-soluble fertilizer market in recent years, and the steady increase in consumer demand in industries such as pharmaceuticals, pesticides, and electronic chemicals, the potassium hydroxide market has also shown a steady development trend as the downstream demand increases year by year. Especially in 2020 with the outbreak of the global epidemic, the demand for potassium in medicine will increase, and the sales volume of the pharmaceutical industry will increase by more than 10% on average. At the same time, as the semiconductor, display panel and photovoltaic solar energy industries move to the country, the electronic chemical industry has grown significantly. The increase reached about 5-8%.