Potassium methoxide is a biodiesel catalyst and the market has room for growth in the future.

Potassium methoxide is a product in which the H atoms in the OH group of alcohols are replaced by K atoms. It includes two types: liquid and solid. Liquid potassium methoxide appears colorless or slightly yellow and viscous, while solid potassium methoxide is a light yellow powder. . Potassium methoxide is a dangerous chemical that is highly flammable, irritating to the skin, and toxic. It should be stored in a cool, dry, and ventilated warehouse. Restricted by environmental protection policies, the outdated production capacity of potassium methoxide will be eliminated at an accelerated pace, and the industrial structure will be optimized and adjusted.

Potassium methoxide and sodium methoxide have similar uses and are widely used in medicine, pesticides, chemical industry, analytical reagents, personal care and other fields. In the pharmaceutical field, potassium methoxide can be used to produce vitamin drugs (such as vitamin A, vitamin B1, etc.) and sulfonamide drugs (such as sulfadiazine, sulfamethylpyrimidine, sulfamethylpyrimidine, etc.); in the chemical industry, potassium methoxide is Catalyst for strong base and transesterification reactions, used to produce biodiesel, methyl formate, dimethyl carbonate, etc.

According to the “2022-2027 China Potassium Methoxide Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, methanol The potassium market price is relatively high. With the release of downstream market demand, the industry scale continues to expand. It is expected that the global potassium methoxide market will maintain an average annual compound growth rate of about 6.5% from 2022 to 2026, and grow to 600 million yuan in 2026. above.

Potassium methoxide is the most commonly used biodiesel catalyst. As a new type of clean energy, biodiesel is green, has easily available raw materials, and is non-toxic. Under the energy crisis, the demand for biodiesel market continues to rise. It is expected that from 2021 to 2030, the global biodiesel market will be Diesel demand will increase from 45 million tons to 82 million tons. The rising market demand for biodiesel will bring growth space to the potassium methoxide market.

In terms of market supply, there are many suppliers in the global potassium methoxide market, but the market share is mainly divided among leading companies, such as Germany’s BASF, Germany’s Evonik, Luxi Chemical, etc. Small and medium-sized enterprises occupy less market share. Luxi Chemical is the main domestic supplier of potassium methoxide, with an annual production capacity of 3,000 tons of potassium methoxide. According to the company’s annual report, in 2021, Luxi Chemical’s annual operating income was 31.79 billion yuan, a year-on-year increase of 80.7%; net profit was 4.62 billion yuan, A year-on-year increase of 460.0%. In addition, domestic suppliers of potassium methoxide include Xi Shangxi, Shandong Xuanchen Chemical, Shanghai Yien Chemical, Huaxia Chemical, etc. Among them, Xi Shangxi is the leading domestic metal alkoxide company.

Industry analysts said that my country is a major producer of potassium methoxide, and domestically produced potassium methoxide has been exported to overseas markets. Potassium methoxide is a hazardous chemical. Under the supervision of environmental protection policies, the backward production capacity of potassium methoxide will be phased out at an accelerated pace, and the market will continue to gather towards leading companies. Potassium methoxide has a wide range of applications, and there is a certain demand space in the downstream. The market will still be growing in the future.