Global Potassium Permanganate Market Key Insights:
- Raw Materials- Manganese Dioxide (MnO2), Potassium Hydroxide (KOH)
- Market Performance & Price Analysis 2018
- Market Analysis & Outlook 2019-2024
- Capacity Addition & Plant Turnarounds
The global potassium permanganate market is being aided by a growing market for its feedstock, potassium hydroxide (KOH). In 2018, the global capacity of potassium hydroxide was estimated to be 2.5 million tons, growing at a CAGR of 4.5% in between 2014-2018. The global demand for KOH was around 2.2 million tons with a 88% capacity utilization in 2017. The market for potassium hydroxide will see robust growth in its demand, growing at a CAGR of 11% till 2024, to reach a value of USD 1023 million. The global potassium permanganate market is expected to grow at a CAGR of about 3% during 2019-2024.
Get a Free Sample Report For Market Study - https://www.expertmarketresearch.com/request?type=report&id=75&flag=B
The market is being driven by a growing health awareness among the consumers as well as various government initiatives worldwide focussing on the supply of treated soft water, and the disposal of wastewater.
Properties and Applications
Potassium permanganate, also known as Condy’s crystals or permanganate of potash, is a dark purple coloured salt with the chemical formula of KMnO4. It is made of K+ and MnO4− ions and comprises of odourless and sweet tasting crystals which are soluble in alcohol and water. In the industrial level, it is manufactured by drying the suspension which is produced by mixing manganese dioxide in potassium hydroxide solution.
Due to oxidising, bacterial, algicidal and other disinfectant properties, potassium permanganate finds its application in sectors like:
- Water Treatment
- Wastewater Treatment
- Chemical Manufacturing
- Metal Processing
- Air and Gas Purification
Potassium permanganate finds extensive application in the water and wastewater treatment sectors as it helps in removing the hardness of water by oxidising iron, manganese, and hydrogen sulphide into materials that can be easily be filtered out. It also acts as a disinfectant by eradicating organic materials like fungi, bacteria and parasites, among others. In the medical sector, it is used to treat fungal infections, skin infections, and hair dye allergies as well as in the cleansing of wounds. It is also used to preserve fruits, preventing their ripening without refrigeration, even at high temperatures.
Potassium hydroxide and manganese dioxide are the major feedstocks analysed in the EMR report.
Government initiatives developing new water treatment methods are also aiding the potassium permanganate market. Beneficial government schemes and the growing application sectors in countries like China, Brazil, Japan, Saudi Arabia, India, Vietnam, Malaysia, Indonesia and Argentina has added further impetus to the market.
The growing automotive industry is also expected to drive the demand for potassium permanganate. When mixed with glycerine or anti-freeze agent from car radiators, potassium permanganate reacts to create fire and is thus, used in automobiles in the fire starter kits.
In 2018, China was the leading market globally, representing over 50% of the total global production of the chemical. USA, European Union and India are the other leading markets for potassium permanganate. In Europe, regulatory authorities overseeing the purification of air, odour control and maintaining oxygen levels have provided various opportunities for the potassium permanganate market growth. China is also the largest exporter of potassium permanganate followed by USA, Belgium and India.
The report analyses the following key players in the global market, looking into their capacity, market share and latest developments like capacity expansions, plant turnarounds, and mergers and expansions:
- 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
EMR’s comprehensive market report provides a SWOT analysis of the market as well as an analysis of Porter’s five forces. The report also provides a detailed analysis of the regional price trends for North America, Europe, LATAM, Asia Pacific, and Middle East and Africa regions.