Potassium Permanganate Market Price, Size, Share, Industry Report, Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Potassium Permanganate Market Report and Forecast 2023-2028’, gives an in-depth analysis of the potassium permanganate market global report, assessing the market based on its segments like grades, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 10.3%
Potassium permanganate is a successful oxidising substance, which can remove odours and gases from the air. In this regard, the increasing deployment of air purification filters in household and commercial sector is driving the demand for the compound. Meanwhile, potassium permanganate is also witnessing a heightened utilisation in the chemical industry as a disinfectant and cleaning agent is further propelling the market growth.
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In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the rapid industrialisation across the emerging economies, such as India and China.
Potassium Permanganate Industry Definition and Major Segments
Potassium permanganate, KMnO4, is defined as an odourless potassium salt which is a water soluble solid and used utilised in the commercial and industrial sector. In appearance, potassium permanganate is dark purple and crystalline and is an excellent oxidising agent. Potassium permanganate is highly toxic and should not be handled while drinking or eating.
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On the basis of grade, the market can be segmented into:
- Free Flowing Grade
- Technical Grade
- Pharmaceutical Grade
Based on application, the market has been segmented into:
- Water Treatment
- Wastewater Treatment
- Chemicals Manufacturing
- Metal Processing
- Air and Gas Purification
The regional markets for potassium permanganate include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Potassium Permanganate Market Trends
The key trends in the potassium permanganate market include the rising investments in the water treatment sector, which is generating a significant demand for the compound. The growing research and development activities in industries, such as pharmaceutical and chemical manufacturing, aimed towards exploring the potential use of potassium permanganate are some other crucial trends in the market.
Moreover, the thriving e-commerce industry, propelling the sales of downstream medicinal and chemical products of potassium permanganate, is likely to augment the market growth during the coming years. Furthermore, the rapid urbanisation and industrialisation across the emerging economies are anticipated to provide impetus to the market growth in the coming years.
Key Market Players
The major players in the market are:
- Changyuan Group
- Carus Group Inc.
- Organic Industries Pvt. Ltd.
- Libox Chem India Pvt. Ltd
- Seidler Chemical Co, Inc.
- The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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