Global Potassium Permanganate market size to grow at a CAGR of 13.7% during 2021-2026
According to the latest report from IMARC Group, the global potassium permanganate market has shown strong growth during the period 2015-2020. Looking ahead, the market expects growth at a CAGR of 13.7% during 2021-2026.
Potassium permanganate, or KMnO4, is an odorless inorganic chemical compound that easily dissolves in water and has a powerful oxidizing property. It is dark purple in color and can leave permanent stains on containers, skin and clothing. Since its discovery in the late 1850s, it has been used to treat several skin conditions, in the treatment of metals, and in the purification of air and gases. Since it helps to easily remove magnesium and iron from water, it is used in water and wastewater treatment plants.
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Since potassium permanganate is widely used in the polyester bleaching process, the increasing demand from the textile industry is expected to have a positive effect in the world market. In addition, the growing health awareness and initiatives by government agencies to establish water treatment plants have further driven the growth of the market. In addition, as the chemical is used in fire ignition kits in automobiles, the thriving auto industry is positively impacting its demand. In addition, due to its antiseptic and highly oxidizing properties, it is widely used in the production of hand sanitizers. Apart from this, it is also used in the aquaculture industry to treat and prevent several waterborne parasitic, fungal and bacterial diseases in fish.
The competitive landscape of the market was also examined with some of the major players being Chongqing Changyuan Chemical Corporation Limited, Carus Corporation, Chongqing Chagyuan Group Limited, Groupstars Chemical (Yunnan) China LLC, 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.
Market segmentation overview:
Market by application
1. Water treatment
2. Wastewater treatment
3. Manufacture of chemicals
5. Metal treatment
6. Air and gas purification
The market has been segmented on the basis of applications which mainly include water treatment, wastewater treatment, chemical manufacturing, aquaculture, metal treatment, and air and water purification. gas. Among these, potassium permanganate is mainly used for water treatment.
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Market by category
1. Free flowing grade
2. Technical level
3. Pharmaceutical grade
On the basis of grades, the market has been classified into fluid, technical and pharmaceutical grades. Of these, the free-flowing grade is currently the largest segment.
Performance of key regions
2. United States
3. European Union
Geographically, China is the largest market, holding the majority of the total share. This can be credited to the growing demand from the aquaculture, water treatment and textile industries. China is followed by the United States, the European Union and India.
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