Growth of Global Potassium Permanganate Market Driven by Water and Wastewater Treatment Industries

The global potassium permanganate market has grown at a CAGR of more than 14% during 2009-2016. Market growth can be attributed to increasing use of potassium permanganate in water and wastewater treatment industry.

According to IMARC Group’s new report, titled “Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global potassium permanganate market reached a value of around US$ 548 Million in 2016, exhibiting a CAGR of nearly 14% during 2009-2016. 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$ 1023 Million by 2022, growing at a CAGR of more than 11% during 2017-2022.

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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.

On the basis of end-use, water treatment represents the largest market, followed by wastewater treatment, chemical manufacturing, aquaculture, and air and gas purification. 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. 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.

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The report by IMARC Group has examined the global potassium permanganate market on the basis of:

End-use:

Water Treatment
Waste Water Treatment
Chemicals Manufacturing
Aquaculture
Metal Processing
Air and Gas Purification

Regions:

China
United States
European Union
India

Major manufacturers:

Chongqing Changyuan Chemical Corporation Limited
Changsha Yonta Industry Co. Ltd
Groupstars Chemical (Yunnan) China LLC
Gangdong Hang Xin Technologies AG
Fuhua Chemical Industry Co. Ltd.

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This release was published on openPR.