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Potassium hydroxide is a liquid inorganic compound also known as caustic potash. Sodium hydroxide and potassium are mainly employed in the production of potassium hydroxide. Potassium hydroxide is employed in several application segments including soaps, petroleum refining, fertilizers and precursors for several chemicals among others. Fertilizers represent the largest application segment for potassium hydroxide and the trend is expected to continue in the near future.