According to the latest report by IMARC Group, titled "North America Potassium Permanganate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the market is currently witnessing moderate growth. Potassium permanganate is an inorganic chemical compound with the chemical formula KMnO4. It is an odorless, crystalline compound that is characterized by a sweet taste and dark purple to almost black color. Commonly known as Condy's crystal, it is a versatile oxidizing agent that is easily dissolvable in water. It has astringent, disinfectant and de-odorizing properties, and bactericidal and algicidal characteristics. As a result, it is widely used for purifying drinking water and in wastewater treatment applications. It is also utilized for treating fungal infections and various skin conditions. The chemical is additionally employed in metal processing, chemical manufacturing, and air and gas purification applications.
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.
North America Potassium Permanganate Market Trends:
The market in North America is primarily driven by the escalating utilization of potassium permanganate in water treatment applications. The compound is employed to eliminate toxic chemicals, control algae growth, and remove foul odor and taste. It is also utilized in the wastewater treatment sector to de-odorize and remove corrosives from the wastewater stream while oxidizing organic and inorganic contaminations. This is further supported by favorable government initiatives in the region to invest in the development of the new water treatment plants. The market is further driven by the increasing application of the compound in the automotive sector as an essential component of the fire starter kits when mixed with glycerin or anti-freeze agents. Potassium permanganate is also employed in the aquaculture sector to prevent and treat waterborne parasitic, fungal and bacterial diseases in fishes. Some of the other factors contributing to the market growth include the increasing usage of organic compounds in chemical processes and the rising utilization in air purification applications. On account of the aforementioned factors, the market is anticipated to exhibit moderate growth during 2020-2025.
- Based on the application, the market has been divided into water treatment, wastewater treatment, chemicals manufacturing, aquaculture, metal processing, air and gas purification, and others.
- On the basis of the grade, the market has been classified into free-flowing, technical and pharmaceutical grades.
- On the geographical front, the market has been bifurcated into the United States and Canada.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
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