Press release
Global Potassium Permanganate Market Forecast to 2023 at CAGR OF 10.8% Along with Key Players;Chongqing Changyuan Chemical Corporation Limited, Changsha Yonta Industry Co. Ltd, Groupstars Chemical (Yunnan) China LLC, Gangdong Hang Xin Technologies AG and
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According to IMARC Group’s new report, titled “Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global potassium permanganate market reached a value of US$ 612.4 Million in 2017, exhibiting a CAGR of nearly 14% during 2010-2017. Potassium permanganate, also known as potash of permanganate or Condy’s crystals, is a dark purple crystalline compound with a sweet taste. It is generally used as an oxidising agent and disinfectant. The chemical industry employs potassium permanganate to synthesise organic compounds for various processes. Owing to its bactericidal and algicidal properties, it is used in water and wastewater treatment industries. Presently, the demand for potassium permanganate is increasing owing to the increasing government regulations regarding disposal of wastewater. As a result, the global potassium permanganate market is further expected to reach a value of around US$ 1133.1 Million by 2023, growing at a CAGR of 10.8% during 2018-2023.
Highlights of the global potassium permanganate market:
* Water treatment industry is the largest end-use segment.
* Due to an increase in government regulations regarding wastewater treatment, the demand for potassium permanganate has grown.
* United States represents the largest region in terms of consumption.
In water treatment, potassium permanganate is used to remove certain toxic chemical compounds from water and control the growth of algae. In wastewater treatment, it is used to oxidise organic and inorganic contaminants, and remove toxins and corrosives from the wastewater stream. It is also used in the synthesis of ascorbic acid, chloramphenicol, isonicotinic acid, pyrazinoic acid and saccharin. In aquaculture, it is used for treatment and prevention of waterborne parasitic, fungal and bacterial diseases. Other application areas of potassium permanganate include metal processing, disinfectants, air and gas purification, etc.
Browse full report with complete TOC: https://www.imarcgroup.com/potassium-permanganate-technical-material-market-report
Global Potassium Permanganate Market Segmentation:
The report by IMARC Group has examined the global potassium permanganate market on the basis of:
End-use:
1. Water Treatment
2. Waste Water Treatment
3. Chemicals Manufacturing
4. Aquaculture
5. Metal Processing
6. Air and Gas Purification
On the basis of end-use, water treatment represents the largest market, followed by wastewater treatment, chemical manufacturing, aquaculture, and air and gas purification.
Regions:
1. China
2. United States
3. European Union
4. India
On the basis of region, China dominates the global market in terms of production, accounting for more than half of the global share. Other major producers are US, European Union and India. In terms of consumption, the US leads the market, followed by China, European Union, India and Japan.
Major manufacturers:
Some of the key players operating in global potassium permanganate market are Chongqing Changyuan Chemical Corporation Limited, Changsha Yonta Industry Co. Ltd, Groupstars Chemical (Yunnan) China LLC, Gangdong Hang Xin Technologies AG and Fuhua Chemical Industry Co. Ltd.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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