Transparency Market Research has published a new
market report titled “Potassium Permanganate Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -
2023.” According to the report, the global potassium permanganate
market was valued at US$291.5 mn in 2014 and is anticipated to reach
US$368.1 mn by 2023, at a CAGR of 3.0% between 2015 and 2023.
Potassium permanganate is an excellent oxidizing
agent employed in waste treatment, aquaculture, metal processing,
chemical manufacturing & processing, and air & gas
purification. It is also used as a bleaching and coloring agent in
tanning and textile industries. Potassium permanganate is available
in three grades: free flowing, technical, and pharmaceutical.
This 160 page report gives readers a comprehensive
overview of the Potassium Permanganate market. Browse Market Research
Report @
Increasing need for water treatment is estimated to
propel the demand for potassium permanganate in the near future.
Large number of substitute products compete with potassium
permanganate for usage in its primary applications. These substitute
products are relatively economical and easily available. For
instance, sodium permanganate offers higher solubility and can be
used readily in the liquid form vis-à-vis potassium permanganate.
This helps avoid handling problems such as dusting. Thus, presence of
substitutes is expected to hamper the demand for potassium
permanganate in the near future. Nonetheless, increasing demand for
aquaculture is anticipated to open new avenues for the potassium
permanganate market.
In terms of volume, free flowing grade was the
largest segment of the potassium permanganate market, accounting for
more than 65% in 2014. The segment was followed by the technical
grade. However, pharmaceutical potassium permanganate grade is
projected to be the fastest-growing grade of the potassium
permanganate market during the forecast period, due to expansion in
the health care industry across the globe.
Major applications of potassium permanganate include
water & waste treatment, industrial, and others (chemical
processing, etc.). In terms of volume, water & waste treatment
held more than 60% share of the global potassium permanganate market
in 2014. However, others (such as chemical processing food
processing) is likely to be the fastest growing application segment,
owing to the significant demand for potassium permanganate in the
chemical industry in Asia Pacific and Europe.
In terms of volume, Asia Pacific dominated the global
potassium permanganate market, constituting around 45% share in 2014.
China offers immense potential for the chemical sector. Thus, growth
in the chemical sector in China and other emerging countries in Asia
Pacific is anticipated to fuel the potassium permanganate market in
the next few years. In terms of volume, North America is estimated to
be the second-fastest regional segment of the global potassium
permanganate market during the forecast period.
Get accurate market forecast and analysis on the
Potassium Permanganate market. Request a sample to stay abreast on
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Key players in the potassium permanganate market
include Carus Corporation, Chongqing Chagyuan Group 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.
This report segments the global potassium
permanganate market as follows:
Global Potassium Permanganate Market – Grade
Analysis
- Free flowing
- Technical
- Pharmaceutical
Global Potassium Permanganate Market –
Application Analysis
- Water & waste treatment
- Industrial
- Others (Including chemical processing, etc.)
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