Global Potassium Permanganate Market to Reach 435.2 Kilo Tons by 2027, Impelled by Extensive Product Utilization for Treating Skin Infections

December 15, 2022

According to the latest report by IMARC Group, titled "Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global potassium permanganate market size reached 264.2 Kilo Tons in 2021. Potassium permanganate is a chemical compound that is characterized as a purplish-colored crystalline solid. It is non-combustible material but is widely used to accelerate the burning of combustible materials. It is an oxidizing agent that exhibits the properties of a deodorizer, disinfectant and astringent. Also known by the names of permanganate of potash and Condy's crystal, it is extensively utilized for removing hydrogen sulfide and iron from well water. Since potassium permanganate has strong disinfectant properties, there has been a considerable rise in the product uptake for washing fruits and vegetables and in municipal disinfection to control taste and odor across the globe.

Global Potassium Permanganate Market Trends:

The global market is primarily driven by the widespread product adoption across the healthcare industry. This is supported by the extensive utilization of potassium permanganate in the treatment of various skin infections, such as acne, eczema, fungal infections and dermatitis. Due to the oxidizing property of potassium permanganate, it is mainly used by athletes on foot as pain relief as well as to kill the growing fungus, which is significantly impacting the market. Along with this, the growing investments in upgrading the agriculture sector and advancing the water treatment methods are supporting the potassium permanganate consumption across the globe. Moreover, the widespread production adoption as a cleaning agent for removing carbon and oxide residues from steel is creating a positive market outlook. Apart from this, the rising utilization of potassium permanganate solution for reducing the growth of pathogenic bacteria and parasites during food processing is acting as a major growth-inducing factor. Other factors, including rapid industrialization, increasing spending on water treatment plants and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market size is anticipated to reach a value of 435.2 Kilo Tons by 2027, exhibiting a CAGR of 8.6% during 2022-2027.

Market Summary:

  • On the basis of the grade, the market has been segmented into free flowing, technical and pharmaceutical grades. Among these, free-flowing grade potassium permanganate holds the largest market share. 
  • Based on the application, the market has been classified into water treatment, wastewater treatment, chemicals manufacturing, aquaculture, metal processing, air and gas purification, and others. The water treatment application is presently leading the market segment.
  • On the basis of the region, the market has been divided into China, the United States, European Union, India and others. Among these, China holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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.
     

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Global Potassium Permanganate Market to Reach 435.2 Kilo Tons by 2027, Impelled by Extensive Product Utilization for Treating Skin Infections
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