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

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  • 141 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5682165

Quick Summary:

In the ever-evolving chemical industry, potassium permanganate has emerged as a vital compound found in various applications, from water treatment and metal processing to the healthcare sector. As consumer awareness about health and hygiene increases and numerous water treatment initiatives being undertaken globally, the demand for potassium permanganate is witnessing an unprecedented growth.

Apart from its primary uses, this versatile compound is increasingly utilized in the booming textile industry, automotive sector, and is a critical component in the manufacture of hand sanitizers due to its antiseptic properties. This diverse usage portfolio essentially underlines the robust growth projections of the potassium permanganate market. Furthermore, the demands from key regions like China, due to its rapidly expanding aquaculture and textile sectors, contribute significantly to the market dynamics. Offering a detailed insight into current market trends, key players, and sub-segments, this invaluable report empowers you with the knowledge essential for making strategic business decisions. Unlock the potential of your investments in the potassium permanganate market with these comprehensive insights.

The global potassium permanganate market size reached 289.6 Kilo Tons in 2022. Looking forward, the publisher 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:

The publisher 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. The 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?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Potassium Permanganate Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Application
5.7 Market Breakup by Grade
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Raw Material Procurement
5.10.2 Manufacturing
5.10.3 Marketing
5.10.4 Distribution
5.10.5 Exports
5.10.6 End-Use
5.11 Porter’s Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Trade Data
5.12.1 Imports
5.12.2 Exports
5.13 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 China
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 United States
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 European Union
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 India
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market by Application
7.1 Water Treatment
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wastewater Treatment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemicals Manufacturing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Aquaculture
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Metal Processing
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Air and Gas Purification
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market by Grade
8.1 Free Flowing Grade
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Technical Grade
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceutical Grade
8.3.1 Market Trends
8.3.2 Market Forecast
9 Competitive Landscape
9.1 Competitive Structure
9.2 Production Capacities of Key Players
9.3 Key Player Profiles
9.3.1 Chongqing Changyuan Chemical Corporation Limited
9.3.2 Carus Corporation
9.3.3 Chongqing Chagyuan Group Limited
9.3.4 Groupstars Chemical (Yunnan) China L.L.C
9.3.5 Zunyi Shuangyuan Chemical Group Co., Ltd
9.3.6 Organic Industries Pvt Ltd
9.3.7 Libox Chem Pvt Ltd.
9.3.8 Guangdong Meixian Hanghai Manganese Chemical Plant
9.3.9 Universal Chemicals & Industries Pvt Ltd
10 Potassium Permanganate Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Manufacturing Process
10.4 Mass Balance and Feedstock Conversion Rate
11 Potassium Permanganate Feedstock Market Analysis
11.1 Magnesium Dioxide
11.1.1 Market Performance Volume Trends Value Trends
11.1.2 Price Trends
11.1.3 Market Breakup by Region
11.1.4 Key Suppliers
11.2 Potassium Hydroxide
11.2.1 Market Performance Volume Trends Value Trends
11.2.2 Price Trends
11.2.3 Market Breakup by Region
11.2.4 Key Suppliers

Companies Mentioned

  • 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
  • Universal Chemicals & Industries Pvt. Ltd.