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.
Potassium permanganate, or KMnO4, is an odorless, inorganic chemical compound which easily dissolves in water and has a powerful oxidation property. It is deep purple in color and can leave permanent stains on containers, skin and clothing. Since its discovery in the late 1850s, it has been used for curing several skin conditions, in metal processing, and air and gas purification. As it helps in conveniently eliminating magnesium and iron from water, it is used in water and wastewater treatment plants.
Market Trends:
Since potassium permanganate is extensively utilized in the bleaching process of polyester, the growing demand from textiles industry is expected to have a positive effect on the global market. Moreover, the rising health awareness and initiatives taken by government bodies for establishing water treatment plants have further provided a boost to the market growth. In addition, as the chemical is used in fire starter kits in automobiles, the flourishing automotive industry is having a positive impact on its demand. Moreover, due to its antiseptic and high oxidizing property, it is extensively utilized in the production of hand sanitizers. Other than this, it is also used in the aquaculture industry for treating and preventing several waterborne parasitic, and fungal and bacterial diseases in fishes.
Some of the major players and suppliers analyzed in the report include Corteva Inc (NYSE: CTVA), Fine Organic Industries Ltd (NSE: FINEORG), Chongqing Changyuan Group Limited, Libox Chem Pvt Ltd., Magnesia Chemicals LLP, Carus Corporation, Universal Chemicals & Industries Pvt Ltd and Others
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Market Segmentation:
Performance of Key Regions
1. China
2. United States
3. European Union
4. India
5. Others
Market by Application
1. Water Treatment
2. Waste Water Treatment
3. Chemicals Manufacturing
4. Aquaculture
5. Metal Processing
6. Air and Gas Purification
7. Others
Market by Grade
1. Free Flowing Grade
2. Technical Grade
3. Pharmaceutical Grade
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