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Global Potassium Permanganate Market to Grow at a CAGR of 3% between 2020-2025.

According to a new report by EMR titled, ‘Global Potassium Permanganate Market and Forecast 2020-2025’, the global potassium permanganate market is expected to grow at a CAGR of nearly 3% in the forecast period of 2020-2025. 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 2015-2019, to attain 2.6 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.

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.

To view the report summary and Table of Contents, click on - https://www.expertmarketresearch.com/reports/potassium-permanganate-market

Market Analysis by End-Use, Feedstock, and Regions:

  • Potassium permanganate finds its end-use in water treatment, waste water treatment, chemical manufacturing, aquaculture, metal processing, and air and gas purification sectors, among others. 
  • Region-wise, the potassium permanganate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. 
  • Manganese dioxide and potassium hydroxide are the primary feedstock for potassium permanganate.

Key Findings of the Report:

  • In 2017, KOH had an 88% capacity utilization with the global demand for potassium hydroxide being 2.2 million tons that year. 
  • Potassium permanganate is witnessing a rising demand from the automotive sector where it is used in the fire starter kits.
  • USA, Belgium and India are some of the leading exporters of potassium permanganate after China.
  • USA, European Union and India are the other significant markets for potassium permanganate after China.
  • Initiatives for the purification of air, odour control and maintenance of oxygen levels by the European regulatory bodies are aiding the market in the region.

Key Offering of the Report:

  • The EMR report provides the demand for potassium permanganate by its end-use.
  • The report also gives a region-wise demand and supply of potassium permanganate.
  • It offers the global as well as region-wise demand and supply of potassium permanganate and its feedstock for the periods (2015-2019) and (2020-2025).
  • It analyses the global trade data by the value and volume of the major exporting and importing countries for the year 2019.
  • The report by EMR gives a detailed insight into the regional historical (2015-2019) and forecasted (2020-2025) price trends for potassium permanganate and its feedstock.

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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