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The global potassium permanganate market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 13.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Potassium permanganate is a chemical compound made by combining manganese oxide ore with potassium hydroxide. It is widely used to treat a variety of skin conditions, including fungal infections, impetigo, pemphigus, superficial wounds, and tropical ulcers. As it also helps in removing iron and hydrogen sulfide from well water, it finds extensive application in water treatment plants worldwide. Besides this, it is employed in metal processing, air purification, gas purification, fish farming, fumigation, food preservation, and wastewater treatment processes.
Potassium permanganate is utilized in the bleaching process of polyester. This, coupled with the burgeoning textile industry, is strengthening the growth of the market. Additionally, the growing health awareness among individuals and numerous initiatives undertaken by governing authorities to establish water treatment plants are driving the market further. Apart from this, as the chemical finds application in fire starter kits of automobiles, the thriving automotive sector is offering lucrative growth opportunities to market players. Moreover, due to the antiseptic and high oxidizing properties of potassium permanganate, it is used in the production of hand sanitizers across the globe. This, in confluence with the outbreak of the coronavirus disease (COVID-19) and the surging need to prevent the spread of the pandemic, is positively influencing the sales of hand sanitizers and potassium permanganate market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global potassium permanganate market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on grade and application.
Breakup by Grade:
Free-flowing grade potassium permanganate currently holds the largest market share.
Breakup by Application:
Potassium permanganate finds extensive applications in water treatment to remove bacteria and iron content.
Breakup by Region:
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.
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 Changyuan 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:
|Base Year of the Analysis||2020|
|Units||‘000 Tons, US$ Billion|
|Segment Coverage||Grade, Application, Region|
|Region Covered||China, United States, European Union, India, Others|
|Companies Covered||Chongqing Changyuan 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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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