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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Potassium Permanganate 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.
Potassium Permanganate Market Report Snapshots
Potassium Permanganate Market Size
Potassium Permanganate Market Analysis
Potassium Permanganate Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global potassium permanganate market attained a value of USD 1,111.79 million.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 10.3%.
By 2032, the market is estimated to reach a value of USD 2,686.58 million.
The major drivers of the market include the increasing population and rising disposable incomes, growing feedstock and automobile markets, and rising health awareness among the consumers.
Various government initiatives globally focussing on the supply of treated soft water and the disposal of wastewater is likely to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The major grades of potassium permanganate are free flowing grade, technical grade, and pharmaceutical grade.
The major application sectors include water treatment, waste water treatment, chemicals manufacturing, aquaculture, metal processing, and air and gas purification, among others.
The leading players in the global potassium permanganate market are Changyuan Group, Carus Group Inc., Organic Industries Pvt. Ltd., B2Brazil, Libox Chem India Pvt. Ltd, and Seidler Chemical Co, Inc., among others.
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