Potassium Tert-butoxide Market - Forecast(2024 - 2030)

Report Code: CMR 99585 Report Format: PDF + Excel

Potassium Tert-butoxide Market Overview

The potassium tert-butoxide market size is estimated to reach US$25.6 billion by 2027, after growing at a CAGR of around 6.5% from 2022 to 2027. The potassium tert-butoxide is a strong alkoxide and non-nucleophilic base. It is used as an intermediate in various modern organic syntheses. It is majorly used in the dehydrohalogenation reactions, catalyzes the heterocyclic and hydrosilanes compound for deriving the silyl derivatives, and others. The potassium tert-butoxide has solubility in diethyl ether, hexane, toluene, and others. Moreover, the increasing demand for potassium tert-butoxide for application as catalysts, synthesis, and others in chemicals is creating a drive in the potassium tert-butoxide market. The extensive application in agricultural, pharmaceutical, food and other end-use industries will offer major growth in the market during the forecast period.

COVID-19 Impact

The potassium tert-butoxide industry was majorly affected by the global disruptions in the covid-19 outbreak. The potassium tert-butoxide has major applications in the agriculture sector, chemical, and others. The chemical sector saw a major fall in the pandemic. The shrink in demand, production halts, unavailability of raw material, and other lockdown restrictions led to a fall in the growth in the outbreak. The shutdown in various chemical processing plants and hamper affected the demand in the chemical industry. According to the European Chemical Industry Council (CEFIC), the global chemical sales declined by 4.3% in 2020. The fall in demand for chemical led to a decline in applications of potassium tert-butoxide in chemical processing, synthesis, and others. Thus, the production disruptions and fall in demand created a slowdown in the growth of potassium tert-butoxide industry in the pandemic.

Report Coverage

The “Potassium Tert-butoxide Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the potassium tert-butoxide industry.

By Purity: Below 98%, 98%, and Above 98%
By Form: Solid and Liquid
By Application: Organic Synthesis, Catalysts, Pesticides, Additive, Thin Film Deposition, Anesthetics, and Others
By End Use Industry: Agriculture, Chemical, Healthcare, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The potassium tert-butoxide market is expected to register significant growth, owing to its rising demand for various applications in chemical, food, agricultural, and others during the forecast period.
  • The Asia Pacific is the fastest-growing region in the potassium tert-butoxide industry owing to major development and expansion in chemical organic synthesis, agricultural production, food sector, and others in this region, thereby offering major growth in the market.
  • The rise in the application of potassium tert-butoxide for chemical organic synthesis, hydrohalogenation reactions, and others in the chemical industry is creating major growth for the global potassium tert-butoxide market.

Figure: Asia Pacific Potassium Tert-butoxide Market Revenue, 2021-2027 (US$ Billion)

 Potassium Tert-butoxide Market Revenue

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Potassium Tert-butoxide Market Segment Analysis – By Application

By application, the organic synthesis segment accounted for the largest share in the potassium tert-butoxide market and is expected to grow with a CAGR of around 7.4% during the forecast period. The rising usage of potassium t-butoxide in the organic chemistry for synthesis and various chemical reactions is boosting the growth of the market. The potassium tert-butoxide is a strong base and is majorly used in organic synthesis and dehydrohalogenation reactions. Furthermore, the demand for potassium tert-butoxide in tetrahydrofuran for potassiooxamethylpyridine catalysts and the organic synthesis process to produce various organic compounds in the chemical sector is propelling the growth in the market. According to the India Brand Equity Foundation (IBEF), the chemical industry in India stood at US$178 billion in 2019 and is expected to reach US$ 304 billion by 2025. Thus, with the major demand for potassium tert-butoxide in the organic synthesis and various chemical reactions, the global potassium tert-butoxide market will grow during the forecast period.

Potassium Tert-butoxide Market Segment Analysis – By End-Use Industry

By end-use industry, the chemical segment held the largest potassium tert-butoxide market share and is expected to grow with a CAGR of over 6.1% during the forecast period. The increasing growth of potassium tert-butoxide in the chemical industry is due to its growing application in organic synthesis, dehydrohalogenation reactions, catalysis, polymer processing, and others. It is used as an alkoxide base reagent and in catalysts preparation. It is also used to form the alkenes in the eliminated reactions. Furthermore, the growth of synthesis or production of various chemical compounds is boosting the demand for potassium tert-butoxide in the chemical industry. According to the American Chemistry Council (ACC), the total chemical exports in the U.S accounted for 9.2% of all the goods exported in the U.S. The rising production and processing activities in the chemical industry are propelling the rise in the application of potassium tert-butoxide, thereby offering major growth. Thus, with high demand in the chemical industry, the potassium tert-butoxide market will grow during the forecast period.

Potassium Tert-butoxide Market Segment Analysis – By Geography

By geography, the Asia Pacific is the fastest-growing region in the potassium tert-butoxide market and is expected to grow with a CAGR of around 7.9% during the forecast period. The high demand for potassium tert-butoxide in this region is influenced by growing end-use industries such as chemical, healthcare, agriculture, food, and others. The major demand for potassium tert-butoxide in the agricultural sector owing to its application in chemical pesticides is offering major growth opportunities. Moreover, rising agriculture production and advancement in APAC are propelling the demand for potassium tert-butoxide. According to the World Bank data, the value added by the agriculture, forestry, and fishing sector in China accounted for 7.65% of the GDP in 2020. Furthermore, the rise in chemical processing and production plants is leading to a major expansion of the potassium tert-butoxide industry. Thus, with major development in the end-use industries and growing demand for potassium tert-butoxide in APAC, the potassium tert-butoxide industry will grow rapidly during the forecast period.

Potassium Tert-butoxide Market Drivers

Increasing application in the healthcare sector

The potassium tert-butoxide has major demand in the healthcare and pharmaceutical sector. It is widely used in the preparation of pharmaceutical drugs and chemicals, anesthetics, and others. Moreover, the development in medicinal chemistry is propelling the demand for potassium tert-butoxide. The development of drug discovery and chemical compounds for drug usage is offering high demand for potassium tert-butoxide. According to the Organization for Economic Co-operation and Development (OECD), global health spending resulted in a 9.9% share in the GDP for the year 2020. Thus, the major growth in pharmaceutical and healthcare technology is driving the potassium tert-butoxide industry and offering major growth opportunities in the market.

High demand in the agriculture industry

The demand for potassium tert-butoxide in the agriculture sector is growing. The potassium tert-butoxide has major usage in pesticide chemicals, herbicides, and others. It is also used as an additive with fertilizers. The rise in agricultural production and the requirement for chemical pesticides to protect the agricultural yield from pests and diseases is propelling the demand for potassium tert-butoxide. According to the United States Department of Agriculture (USDA), the agricultural, food, and related industries contributed around USD 1.05 trillion to the U.S. GDP in 2020. The growth in the agricultural sector and rising food production is driving the potassium tert-butoxide market owing to its rising application in fertilizers, pest control chemicals, and others. Thus, with the high demand for potassium tert-butoxide in the agricultural sector, the potassium tert-butoxide industry experience major demand and growth opportunities in the market.

Potassium Tert-butoxide Market Challenges

Health hazards and stability complications

The potassium tert-butoxide has major application across various end-use industries. However, the potassium tert-butoxide is sensitive and flammable in the air and creates hazardous damage and health effects. It causes eye damage and skin burns, and other toxic effects. This is hindering growth opportunities and creating a challenge in the global potassium tert-butoxide industry. The issues such as self-heating and production of hazardous combustion products draw the need for secure handling and storage systems. Thus, the instability and hazardous effects of potassium tert-butoxide create a major challenge and growth slowdown in the market.

Potassium Tert-butoxide Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Potassium tert-butoxide market. The potassium tert-butoxide top 10 companies include:

1. GenChem
2. Evonik
3. Albermarle
4. Callery
5. Shandong Xisace New Material
6. Suparna Chemicals
7. TCI Chemicals
8. SimSon Pharma Ltd.
9. Sigma Aldrich
10. Oakwood Products, Inc.

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1. Potassium Tert-butoxide Market- Market Overview
    1.1 Definitions and Scope
2. Potassium Tert-butoxide Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Form
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Potassium Tert-butoxide Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Potassium Tert-butoxide Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Potassium Tert-butoxide Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Potassium Tert-butoxide Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Potassium Tert-butoxide Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Potassium Tert-butoxide Market – By Purity (Market Size -$Million/Billion)
    8.1 Above 98%
    8.2 98%
    8.3 Below 98%
9. Potassium Tert-butoxide Market - By Form (Market Size -$Million/Billion)
    9.1 Solid
    9.2 Liquid
10. Potassium Tert-butoxide Market - By Application (Market Size -$Million/Billion)
    10.1 Organic Synthesis
    10.2 Catalysts
    10.3 Pesticides
    10.4 Additive
    10.5 Thin Film Deposition
    10.6 Anesthetics
    10.7 Others
11. Potassium Tert-butoxide Market - By End-Use Industry (Market Size -$Million/Billion)
    11.1 Agriculture
    11.2 Chemical
    11.3 Healthcare
    11.4 Others
12. Potassium Tert-butoxide Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Potassium Tert-butoxide Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Potassium Tert-butoxide Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Potassium Tert-butoxide Market – Key Company List by Country Premium Premium
16. Potassium Tert-butoxide Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES

LIST OF FIGURES

1.US Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
2.Canada Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
3.Mexico Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
4.Brazil Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
5.Argentina Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
6.Peru Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
7.Colombia Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
8.Chile Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
9.Rest of South America Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
10.UK Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
11.Germany Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
12.France Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
13.Italy Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
14.Spain Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
15.Rest of Europe Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
16.China Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
17.India Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
18.Japan Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
19.South Korea Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
20.South Africa Potassium Tert-butoxide Market Revenue, 2023-2030 ($M)
21.North America Potassium Tert-butoxide By Application
22.South America Potassium Tert-butoxide By Application
23.Europe Potassium Tert-butoxide By Application
24.APAC Potassium Tert-butoxide By Application
25.MENA Potassium Tert-butoxide By Application