Posted on 02 Apr 2019
According to a new report by EMR titled, ‘Global Potassium Permanganate Market and Forecast 2019-2024’, the global potassium permanganate market is expected to grow at a CAGR of nearly 3% in the forecast period of 2019-2024. It is aided by the growing potassium hydroxide market, which is one of its feedstocks. The potassium hydroxide market grew at a CAGR of 4.5% between 2014-2018, to attain 2.5 million tons.
Potassium permanganate finds varied and widespread use in the global market. In the medical sector, potassium permanganate finds application as a fungicide and antiseptic. People with pus-formation, blisters or suffering from oozing wounds are recommended a diluted potassium permanganate bath. It is also used to treat skin infections like dermatitis, eczema, and fungal infections like athlete’s foot.
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Potassium permanganate is also finding extensive use in the fish and poultry sectors over the years where it is used to treat parasitic diseases among the birds and fishes. In fishes, it cures conditions like skin ulcers and gill infections. It further helps in replenishing oxygen in fish ponds by controlling the biological oxidation. Aquariums use potassium permanganate to as pest and parasite controlling agents.
In recent years, waste and water management sector is growing to be one of the most significant application sectors for potassium permanganate. Because of its high oxidising property, it aids in the removal of magnesium and iron from water, especially from water sourced from deep ground sources. It also eliminates rust from pipelines and water equipment. With government initiatives in countries like China, Brazil, Japan, Saudi Arabia, India, Vietnam, Malaysia, Indonesia and Argentina looking to innovate and expand new water treatment methods, the global potassium permanganate market is witnessing an upward growth. China, especially, is a booming market for potassium permanganate and dominated the market in 2018, contributing to more than half the total production of potassium permanganate globally.
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Market Analysis by End-Use, Feedstock, and Regions:
Key Findings of the Report:
Key Offering of the Report:
The EMR report identifies Chongqing Changyuan Group Limited, Groupstars Chemical (Yunnan) China L.L.C, Libox Chem Pvt Ltd., Organic Industries Ltd., Magnesia Chemicals LLP, Carus Corporation, Universal Chemicals & Industries Pvt Ltd, and others as the key players in the global potassium permanganate market. The report by EMR gives an in-depth look into the competitive landscape of the global potassium permanganate market including the latest developments among these major players like their capacity expansions, market share, plant turnarounds, and mergers and expansions.
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