Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global potassium permanganate market size reached 289.6 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 469.8 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

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 Market Trends:
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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global potassium permanganate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on grade and application.

Breakup by Grade:

Free Flowing Grade
Technical Grade
Pharmaceutical Grade

Free-flowing grade potassium permanganate currently holds the largest market share.

Breakup by Application:

Water Treatment
Wastewater Treatment
Chemicals Manufacturing
Aquaculture
Metal Processing
Air and Gas Purification
Others

Potassium permanganate finds extensive applications in water treatment to remove bacteria and iron content.

Breakup by Region:

China
United States
European Union
India
Others

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.

Competitive Landscape:
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 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.

The essential aspects of the global potassium permanganate market evaluated in the report include:

Market trends
Major regions
Key application areas
Key manufacturers
Price trends
Raw material requirements
Chemical reactions involved in the manufacturing process
Major importers and exporters
Value chain analysis
Market trends for major feedstocks
Price trends for major feedstocks
Key regions for major feedstocks
Key application areas for major feedstocks
Key players for major feedstocks

Key Questions Answered in This Report

1. What was the size of the global potassium permanganate market in 2022?
2. What is the expected growth rate of the global potassium permanganate market during 2023-2028?
3. What has been the impact of COVID-19 on the global potassium permanganate market?
4. What are the key factors driving the global potassium permanganate market?
5. What is the breakup of the global potassium permanganate market based on the grade?
6. What is the breakup of the global potassium permanganate market based on the application?
7. What are the key regions in the global potassium permanganate market?
8. Who are the key players/companies in the global potassium permanganate market?