Global Potassium Permanganate Market Report and Forecast 2024-2032

Global Potassium Permanganate Market Outlook

The global potassium permanganate market reached a value of USD 1,111.79 million in 2023. The market is expected to grow in the forecast period of 2024-2032 at a CAGR of 10.3% to attain a value of USD 2,686.58 million by 2032.

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The global potassium permanganate 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.

The market is being aided by a growing market for the product’s feedstock, potassium hydroxide (KOH). In 2020, the global capacity of potassium hydroxide was estimated to be 2.6 million tons, growing at a CAGR of 4.5% in between 2018-2023.

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 2026, to reach a value of USD 1136 million.

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.

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Based on grade, the industry can be segmented as follows:

• Free Flowing Grade
• Technical Grade
• Pharmaceutical Grade

It finds wide applications in the following sectors:

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

The regions included in the market report are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Market Analysis

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.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global potassium permanganate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Changyuan Group 
• Carus Group Inc.
• Organic Industries Pvt. Ltd.
• B2Brazil
• Libox Chem India Pvt. Ltd
• Seidler Chemical Co, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Potassium Permanganate Market Report Snapshots

Potassium Permanganate Market Size

Potassium Permanganate Market Analysis

Potassium Permanganate Companies