Potassium permanganate, also known as permanganate of potash and Condy’s crystals, is an odourless, dark purple crystalline compound with a sweet taste. It is a versatile oxidant and disinfectant composed of potassium, manganese and oxygen and has a number of applications in various industries. According to IMARC Group’s latest report “Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global potassium permanganate market has grown at a CAGR of 17.5% during 2014-2019 driven by its increasing usage in water treatment facilities across the globe. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of potassium permanganate, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc. Looking forward, IMARC Group expects the global potassium permanganate market to continue its strong growth during the next five years.
The report has analysed the global potassium permanganate market on the basis of end-use. Potassium permanganate has a wide variety of uses in a number of industries. In the water treatment industry, it is used to remove certain toxic chemical compounds, control algae growth and eliminate bad taste, colour and odour. It is also used in the wastewater treatment industry to deodorise the wastewater stream, oxidise organic and inorganic contaminations and remove toxins and corrosives from the wastewater stream. The chemical manufacturing industry employs potassium permanganate to synthesise organic compounds for the chemical processes. In aquaculture, it is used in replenishing oxygen in fish ponds and aids in controlling fish diseases and parasites. Other application areas of potassium permanganate include - metal processing, disinfectants industries and air purification.
The report has further analysed the global potassium permanganate market on the basis of key regions and has found that China dominates the global potassium permanganate market accounting for more than half of the total global market. China was followed by the United States, European Union and India. In consumption terms, the United States was the biggest consumer of potassium permanganate accounting for more than a fourth of the total global consumption. The United States was followed by China, European Union, India and Japan. In the terms of imports and exports, Iran represents the largest importer of potassium permanganate followed by Thailand, Belgium, Brazil and Japan. China, on the other hand, represents the largest exporter of potassium permanganate followed by the United States, India, Netherlands and Poland.
The report has also analysed the competitive landscape of the global potassium permanganate market. Some of the top manufacturers of potassium permanganate analysed in the report include - Chongqing Changyuan Chemical Corporation Limited, Carus Corp., Changsha Yonta Industry Co. Ltd., Groupstars Chemical (Yunnan) China LLC and Guangdong Hang Xin Technologies AG.
The essential aspects of the global potassium permanganate market evaluated in the report include:
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