Potassium Permanganate Global Market to 2027: Initiatives Undertaken by Governing Authorities to Establish Water Treatment Plants Fuel the Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Potassium Permanganate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global potassium permanganate market size reached 264.2 Kilo Tons in 2021. Looking forward, the publisher expects the market to reach 435.2 Kilo Tons by 2027, exhibiting a CAGR of 8.67% during 2021-2027.

Companies Mentioned

• Chongqing Chagyuan Group Limited
• Carus Corporation
• Chongqing Changyuan Chemical Corporation 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.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Potassium permanganate is a chemical compound made by combining manganese oxide ore with potassium hydroxide. It is widely used to treat a variety of skin conditions, including fungal infections, impetigo, pemphigus, superficial wounds, and tropical ulcers.

As it also helps in removing iron and hydrogen sulfide from well water, it finds extensive application in water treatment plants worldwide. Besides this, it is employed in metal processing, air purification, gas purification, fish farming, fumigation, food preservation, and wastewater treatment processes.

Potassium permanganate is utilized in the bleaching process of polyester. This, coupled with the burgeoning textile industry, is strengthening the growth of the market.

Additionally, the growing health awareness among individuals and numerous initiatives undertaken by governing authorities to establish water treatment plants are driving the market further.

Apart from this, as the chemical finds application in fire starter kits of automobiles, the thriving automotive sector is offering lucrative growth opportunities to market players.

Moreover, due to the antiseptic and high oxidizing properties of potassium permanganate, it is used in the production of hand sanitizers across the globe. This, in confluence with the outbreak of the coronavirus disease (COVID-19) and the surging need to prevent the spread of the pandemic, is positively influencing the sales of hand sanitizers and potassium permanganate market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global potassium permanganate market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on grade and application.

Breakup by Grade:

• Free Flowing Grade
• Technical Grade
• Pharmaceutical Grade

Free-flowing grade potassium permanganate currently holds the largest market share.

Breakup by Application:

• Water Treatment
• Wastewater Treatment
• Chemicals Manufacturing
• Aquaculture
• Metal Processing
• Air and Gas Purification
• Others

Potassium permanganate finds extensive applications in water treatment to remove bacteria and iron content.

Breakup by Region:

• China
• United States
• European Union
• India
• Others

China currently enjoys the leading position in the market on account of the increasing utilization of potassium permanganate in the aquaculture, water treatment and textile sectors.

The essential aspects of the global potassium permanganate market evaluated in the report include:

• Market trends
• Major regions
• Key application areas
• Key manufacturers
• Price trends
• Raw material requirements
• Chemical reactions involved in the manufacturing process
• Major importers and exporters

Value Chain Analysis

• Market trends for major feedstocks
• Price trends for major feedstocks
• Key regions for major feedstocks
• Key application areas for major feedstocks
• Key players for major feedstocks

Key Questions Answered in This Report:

1. What was the size of the global potassium permanganate market in 2021?

2. What is the expected growth rate of the global potassium permanganate market during 2022-2027?

3. What has been the impact of COVID-19 on the global potassium permanganate market?

4. What are the key factors driving the global potassium permanganate market?

5. What is the breakup of the global potassium permanganate market based on the grade?

6. What is the breakup of the global potassium permanganate market based on the application?

7. What are the key regions in the global potassium permanganate market?

8. Who are the key players/companies in the global potassium permanganate market?

For more information about this report visit https://www.researchandmarkets.com/r/58q5lw

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