Potassium Permanganate Market Size was valued at USD 1215.2 Billion in 2022. The potassium permanganate industry is projected to grow from USD 1330.64 Billion in 2023 to USD 2750.27 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2023 - 2032). The growing demand for potassium permanganate in the food processing industry and its wide application in the production of many substances in the pharmaceutical industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for potassium permanganate is driven by the growing demand to control and prevent plant diseases and pests. The market is rapidly increasing as the agricultural industry recognizes the potential benefits of potassium permanganate in disease and pest management. This demand increase significantly contributes to the overall growth of the potassium permanganate market, demonstrating its critical role in improving plant health and agricultural output.
Additionally, potassium permanganate's demand is rising due to its numerous applications in producing chemicals in the pharmaceutical sector. This versatile chemical is essential in pharmaceutical treatments, assisting in producing a broad spectrum of chemicals. As pharmaceutical companies continue seeking new medication discovery and manufacturing options, the demand for potassium permanganate remains strong. Its relevance in aiding the synthesis of critical pharmaceutical chemicals emphasizes its value in drug development and manufacture, confirming its position as an essential element in the worldwide pharmaceutical market.
Potassium permanganate is an excellent component frequently used in water treatment activities. It plays a crucial part in sanitizing and cleaning rivers and lakes. As an effective oxidizing agent, it effectively removes pollutants, germs, and toxic substances, assuring the supply of safe and clean drinking water. The potassium permanganate market is growing significantly due to its wide uses in various sectors, including water treatment. Potassium permanganate, with its strong oxidative features, remains a significant choice for improving water quality.
For instance, According to the United States Environmental Protection Agency, potassium permanganate is extensively used, with 36.1% in industrial and municipal water treatment, 22.8% in wastewater treatment, and 17.0% for oil and gas well production water. Additionally, it is employed in air purification (11.0%), chemical manufacturing (3.6%), remediation (1.7%), and other applications (7.5%). These figures highlight its versatility and crucial role in diverse sectors, emphasizing its significance beyond water treatment. Thus driving the potassium permanganate market revenue.
The potassium permanganate market segmentation, based on application, includes water treatment, wastewater treatment, chemical manufacturing, aquaculture, metal processing, air and gas purification, and others. The water treatment segment dominated the market, accounting for 50% of market revenue (607.6 Billion). Its effectiveness in removing iron, hydrogen sulfide, and other contaminants from water makes it a popular choice for municipal and industrial water treatment plants. The chemicals manufacturing segment is expected to grow fastest during the forecast period.
The potassium permanganate market segmentation, based on grade, includes free-flowing, technical, and pharmaceutical grades. The free-flowing grade category generated the most income (70%). The Free-Flowing Grade has numerous applications in water treatment as it allows for easy handling and exact dosage, contributing to its popularity in the industry. Potassium permanganate's applications include wastewater treatment, air purification, and chemical manufacture. With its free-flowing qualities, this grade is critical for ensuring successful and regulated distribution across various applications.
Figure 1: Potassium permanganate Market, by Grade 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The region's substantial water quality and wastewater treatment requirements contribute to account for its considerable market share. Potassium Permanganate is widely used in North America to filter drinking water, industrial operations, and wastewater treatment.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: POTASSIUM PERMANGANATE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's potassium permanganate market accounts for the second-largest market share due to the stringent regulations governing water treatment and environmental standards. Further, the German potassium permanganate market held the largest market share, and the U.K. was the fastest-growing market in the European region.
The Asia-Pacific Potassium permanganate Market is expected to grow fastest from 2023 to 2032. This is due to the region's rapid urbanization, population growth, and increasing awareness of water quality, contributing to the surge in potassium permanganate usage. Moreover, China’s potassium permanganate market held the largest market share, and the Indian potassium permanganate market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the potassium permanganate market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The potassium permanganate industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the potassium permanganate industry to benefit clients and increase the market sector. In recent years, the potassium permanganate industry has offered some of the most significant advantages to medicine. Major players in the potassium permanganate market, including Chongqing Changyuan Chemical Corporation Limited, Carus Corporation, Chongqing Chagyuan Group Limited, Groupstars Chemical (Yunnan) China L.L.C, Zunyi Shuangyuan Chemical Group Co., Ltd, Organic Industries Pvt Ltd, Libox Chem Pvt Ltd., Guangdong Meixian Hanghai Manganese Chemical Plant, Universal Chemicals & Industries Pvt Ltd. and others, are attempting to increase market demand by investing in research and development operations.
Guangdong Hangxin Technology Co., Ltd., derived from the "Guangdong Meixian Hanghai Manganese chemical plant," traces its origins back to 1979. Situated in Luozhai Village, Baidu town, Meixian district, Meizhou City, Guangdong province, the company occupies an expansive 266,000 square meters. Specializing in producing and distributing potassium and sodium permanganate, it boasts annual capacities of 15,000 tons and 10,000 tons, respectively. The products comply with the E.U. RoHS directive 2011/65/E.U. Appendix II correction (E.U.) directive 2015/863 limits, surpassing the European and American standards for heavy metal content.
"Universal Chemicals" was founded in 1994 in Ahmadabad, Gujarat, India, as a prominent manufacturer and supplier of Zinc, Manganese, Copper, Ferrous, Cobalt, Potassium compounds, Chelated EDTA Compound, Chromium Chloride, Oxalic Acid, and other chemicals. Their expert technicians employ cutting-edge equipment to process these substances under industry standards. Their chemicals are known for their purity, efficacy, reactivity, and extended shelf life. They are used in various sectors, such as dyes, agriculture, animal feed, ceramics, rubber, paints, etc. To fulfill the needs of their clients, they provide them with various specifications at reasonable costs.
Chongqing Changyuan Chemical Corporation Limited
Chongqing Chagyuan Group Limited
Groupstars Chemical (Yunnan) China L.L.C
Zunyi Shuangyuan Chemical Group Co., Ltd
Libox Chem Pvt Ltd.
Guangdong Meixian Hanghai Manganese Chemical Plant
Universal Chemicals & Industries Pvt Ltd
February 2023: Camfil expanded the availability of Potassium Permanganate Media in the U.S. with CamPure 8, representing the next generation of air filtration for odor and corrosion control.
February 2018: Levi Strauss & Co. (LS&Co.) introduced Project F.L.X. (future-led execution), a transformative operating model for a more sustainable and eco-friendly jean production. By automating the jeans finishing process, the company significantly reduced the number of chemical formulations from thousands to a few dozen.
Water Treatment
Wastewater Treatment
Chemicals Manufacturing
Aquaculture
Metal Processing
Air and Gas Purification
Others
Free Flowing Grade
Technical Grade
Pharmaceutical Grade
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1215.2 Billion |
| Market Size 2023 | USD 1330.64 Billion |
| Market Size 2032 | USD 2750.27 Billion |
| Compound Annual Growth Rate (CAGR) | 9.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application and Grade. |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Chongqing Changyuan Chemical Corporation Limited, Carus Corporation, Chongqing Chagyuan Group Limited, Groupstars Chemical (Yunnan) China L.L.C, Zunyi Shuangyuan Chemical Group Co., Ltd, Organic Industries Pvt Ltd, Libox Chem Pvt Ltd., Guangdong Meixian Hanghai Manganese Chemical Plant, Universal Chemicals & Industries Pvt Ltd. and others |
| Key Market Opportunities | The rising deployment of potassium permanganate in air purification and wastewater treatment processes. |
| Key Market Dynamics | Increasing emphasis on ore flotation and wastewater treatment methods |
Potassium Permanganate Market Highlights:
Frequently Asked Questions (FAQ) :
The potassium permanganate market size was valued at USD 1215.2 Billion in 2022.
The market is projected to grow at a CAGR of 9.50% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are Chongqing Changyuan Chemical Corporation Limited, Carus Corporation, Chongqing Chagyuan Group Limited, Groupstars Chemical (Yunnan) China L.L.C, Zunyi Shuangyuan Chemical Group Co., Ltd.
The water treatment category dominated the market in 2022.
The free-flowing grade had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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