North America Potassium Permanganate Market to Grow at 10.07% During 2024-2032, Impelled by Growing Demand from Water Treatment Sector

July 23, 2020 | Chemical & Materials

According to the latest report by IMARC Group, titled "North America Potassium Permanganate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the North America potassium permanganate market is expected to grow at a CAGR of 10.07% during 2024-2032. 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.

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.

Market Summary:

Based on the application, the market has been divided into water treatment, waste water 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Application, Grade, Country
Countries Covered	United States, Canada
Customization Scope	10% Free Customization
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North America Potassium Permanganate Market to Grow at 10.07% During 2024-2032, Impelled by Growing Demand from Water Treatment Sector

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