Analysis of Potassium Permanganate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global sales of potassium permanganate in 2021 were held at US$ 845 Million. The projected market growth during 2022 - 2032 is expected to be 9.1%.
Free-Flowing Grade dominated the market in 2021 and revenue through it, is expected to account for a CAGR of 8.8%, during the forecast period 2022-2032.
Global Market CAGR (2022-2032)
Global Market Size (2022)
US$ 927 Mn
Global Market Size (2032)
US$ 2.2 Billion
U.S. Market CAGR (2022-2032)
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As per the Potassium Permanganate market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Potassium Permanganate increased at around 9.9% CAGR, wherein, countries such as the U.S., China, Japan, the U.K., and South Korea held a significant share in the global market.
Potassium permanganate is used in the fading system of polyester. This, combined with the thriving material industry, is fortifying the development of the market. Moreover, the developing well-being mindfulness among people and various drives embraced by administering specialists to lay out water treatment plants are driving the market further. Aside from this, because of the germ-free and high oxidizing properties of potassium permanganate, it is utilized in the creation of hand sanitizers across the globe.
This, in juncture with the episode of COVID-19 and the flooding need to forestall the spread of the pandemic, is decidedly impacting the demand for hand sanitizers and potassium permanganate.
Potassium permanganate is an inorganic synthetic compound that disintegrates promptly in water. Water is treated with potassium permanganate to take out iron and microorganisms. This technique is broadly used in water treatment offices. The market is supposed to ascend because of government drives to make novel water treatment arrangements.
Potassium permanganate, also called permanganate of potash and Condy's precious stones, is an unscented, dull purple translucent compound with a sweet taste. It is a flexible oxidant and sanitizer made out of potassium, manganese, and oxygen and has various applications in different enterprises.
In the food protection process, potassium permanganate is utilized. It diminishes the dampness content of that food item once added, bringing down the endanger of harm and expanding the time span of usability. Whenever potassium permanganate is joined with a liquid catalyst from vehicle radiators or glycerine, it touches off. This compound is found in auto fire-beginning packs.
Owing to these factors, the Potassium Permanganate market is projected to grow at a CAGR of 9.1% over the coming 10 years.
Several factors are driving the potassium permanganate market in North America. Potassium permanganate demand has risen in the region due to its use in the water treatment industry to eliminate some harmful chemicals and reduce algae growth. It is also used to deodorize wastewater, remove poisons and corrosives, and oxidize organic and inorganic contaminations.
Apart from that, the region's chemical industry uses potassium permanganate to produce organic chemicals for chemical processes, fuelling market expansion. It is also used in aquaculture to replace oxygen in fishponds and to prevent fish illnesses and parasites. Potassium permanganate also has unique applications in metal processing, disinfectants, and air purification, which is driving up demand in the region.
The market in Asia-Pacific is expected to grow at a CAGR of over 9%.owing to the propelling agribusiness in the region. In addition, the utilization of potassium permanganate in the material business has been expanding as of late. Potassium permanganate splash is mainly utilized as a decoloring and dying specialist on denim pieces of clothing to look more splendid.
There has been a development in potassium permanganate utilization in water treatment applications to eliminate poisons and green growth. The developing interest in clean water and extending water treatment offices in Asia-Pacific is expected to help potassium permanganate utilization.
The locale holds the biggest metal-creating plants, and in metal handling applications, potassium permanganate helps as a cleaning specialist by eliminating oxides and carbon build-ups on steel. Owing to these factors, the demand in the region has been escalating.
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The US the global Potassium Permanganate Market in 2021. The market in the country is expected to grow at a CAGR of 8.9%, and touch the market revenue of US$ 789.7 Mn by 2032.
In the U.S., Potassium permanganate finds numerous applications in a variety of sectors. It is used to remove certain hazardous chemical compounds from water, reduce algae growth, and eradicate poor taste, color, and aroma. It is also utilized in wastewater treatment to deodorize the water, oxidize organic and inorganic contaminants, and eliminate poisons and corrosives.
Potassium permanganate is used in the chemical manufacturing industry in the country to synthesize organic chemicals for chemical processes. It is used in aquaculture to replace oxygen in fish ponds and to help manage fish illnesses and parasites. Metal processing, disinfection industries, and air purification are some of the other uses for potassium permanganate.
The market in the U.K. is projected to garner a market size of US$ 93 Mn by 2032. Growing at a CAGR of 8.1%, the market is likely to gross an absolute dollar opportunity of US$ 50 Mn during the forecast period.
The market in Japan is expected to reach a valuation of US$ 133 Mn by 2032. The market is expected to gross US$ 42 Mn absolute dollar opportunity during the forecast period, growing at a CAGR of 8.2% during 2022 – 2032.
In South Korea, the market is likely to reach US$ 80 Mn by 2032. The market is projected to gross an absolute dollar opportunity of 42 Mn duirng the forecast period, growing at a CAGR of 7.7%.
The Free-Flowing Grade of potassium permanganate holds the largest market share and is projected to grow with a CAGR of 8.8% during the forecast period. When potassium permanganate is exposed to high humidity and has to be dry-fed through a chemical feeder or stored in a bin or hopper, the Free-Flowing Grade is most suited.
Potassium permanganate has a strong oxidising property and is water soluble. In the tanning and textile industries, potassium permanganate is employed as a bleaching and colouring agent.
In 2021, the Water Treatment segment dominated the market. The market through this application is expected to grow with a CAGR of 8.5% during the forecast period. Potassium permanganate is commonly used in the water treatment industry. It is one of several products called a Manganese Greensand Filter that effectively removes iron and hydrogen sulfide from the water. "Pot-Perm" is an over-the-counter solution that is also effective at removing waste water from swimming pools.
The proprietors of fisheries and enormous aquariums involve potassium permanganate as a method for keeping fish from creating bacterial, contagious, and parasitic sicknesses. This equivalent sanitizer quality makes the compound helpful to flower specialists, who add the solidified powder to the water of sliced blossoms to forestall green growth development and broaden the existence of the blossoms.
The waste and water treatment segment holds the largest market share. Because of its high effectiveness and efficiency, potassium permanganate is a widely used oxidant for eliminating hardness, manganese, and iron from water. Expanding need for water treatment is assessed to move the interest for potassium permanganate soon.
A large number of substitute items contend with potassium permanganate for utilization in its essential applications. These substitute items are somewhat prudent and effectively accessible. For example, sodium permanganate offers higher solvency and can be utilized promptly in the fluid-structure versus potassium permanganate. This abstains from taking care of issues, for example, cleaning.
Accordingly, the presence of substitutes is expected to hamper the interest in potassium permanganate soon. In any case, expanding interest in hydroponics is expected to open new roads for the market.
Potassium permanganate is widely used in the manufacturing of medicines and is predicted to expand significantly throughout the projection period. It is found in a variety of medications that treat dermatitis, canker sores, and mild pompholyx. Because of its high oxidizing and antiseptic properties, it is also utilized in hand sanitizers.
The market is expected to rise as people become more aware of the need for cleanliness and the benefits of using hand sanitizers on a regular basis. It is also used to bleach melanin in histology to conceal tissue detail. Over the coming years, health dangers associated with potassium permanganates, such as breathing issues, liver and kidney disorders, and eye and nose irritation, can emerge as a key concern for worldwide market growth.
The release of noxious gases when this chemical is burned could be another factor impeding the overall market's development. Rocket ships employ a watery potassium permanganate solution with 80% hydrogen peroxide as a fuel.
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Conspicuous industry members incorporate Chemicals India Company, Tianjin Chemical Company, Chongqing Changyuan Chemical Corporations Limited, Continental Chemicals, GFS Chemicals Inc., Seidler Chemical Co. Ltd., Milport Enterprises Inc., Carus Chemical and Idea Chemical and Supply Company.
Similarly, recent developments related to companies offering Potassium Permanganate services have been tracked by the team at Fact.MR, which are available in the full report.
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The Potassium Permanganate market is worth US$ 927 Mn in 2022
The value of the Potassium Permanganate market is projected to increase at a CAGR of around 9.1% during 2022 – 2032.
Growing health awareness, the growing automotive industry, and government initiatives to develop water treatment methods are expected to aid market growth.
The top 5 countries driving demand for Potassium Permanganate are the U.S., UK, Japan, China, and South Korea.
The value of the Potassium Permanganate market increased at a CAGR of around 9.9% during 2015 – 2021.
Some key players in the market for Potassium Permanganate are Chongqing Changyuan Group Limited, Carus Corporation, Chongqing Changyuan Chemical Corporation Limited, Groupstars Chemical (Yunnan) China L.L.C., and Zunyi Shuangyuan Chemical Group Co.
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