According to IMARC Group latest published report, The global potassium permanganate industry analysis size reached 264.2 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach 435.2 Kilo Tons by 2027, exhibiting a growth rate (CAGR) of 8.6% during 2022-2027.
Potassium permanganate, or KMnO4, is an odorless, inorganic chemical compound which easily dissolves in water and has a powerful oxidation property. It is deep purple in color and can leave permanent stains on containers, skin and clothing. Since its discovery in the late 1850s, it has been used for curing several skin conditions, in metal processing, and air and gas purification. As it helps in conveniently eliminating magnesium and iron from water, it is used in water and wastewater treatment plants.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Potassium Permanganate Market Trends:
Since potassium permanganate is extensively utilized in the bleaching process of polyester, the growing demand from textiles industry is expected to have a positive effect on the global market. Moreover, the rising health awareness and initiatives taken by government bodies for establishing water treatment plants have further provided a boost to the market growth. In addition, as the chemical is used in fire starter kits in automobiles, the flourishing automotive industry is having a positive impact on its demand. Moreover, due to its antiseptic and high oxidizing property, it is extensively utilized in the production of hand sanitizers. Other than this, it is also used in the aquaculture industry for treating and preventing several waterborne parasitic, and fungal and bacterial diseases in fishes.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global potassium permanganate market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on grade and application.
Breakup by Grade:
- Free Flowing Grade
- Technical Grade
- Pharmaceutical Grade
Free-flowing grade potassium permanganate currently holds the largest market share.
Breakup by Application:
- Water Treatment
- Wastewater Treatment
- Chemicals Manufacturing
- Aquaculture
- Metal Processing
- Air and Gas Purification
- Others
Potassium permanganate finds extensive applications in water treatment to remove bacteria and iron content.
Breakup by Region:
- China
- United States
- European Union
- India
- Others
China currently enjoys the leading position in the market on account of the increasing utilization of potassium permanganate in the aquaculture, water treatment and textile sectors.
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Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Chongqing Chagyuan Group Limited, Carus Corporation, Chongqing Changyuan Chemical Corporation Limited, Groupstars Chemical (Yunnan) China L.L.C., Zunyi Shuangyuan Chemical Group Co., Ltd., Organic Industries Pvt. Ltd., Libox Chem Pvt. Ltd., Guangdong Meixian Hanghai Manganese Chemical Plant and Universal Chemicals & Industries Pvt. Ltd.
The essential aspects of the global potassium permanganate market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key application areas for major feedstocks
- Key players for major feedstocks
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.