Potassium Permanganate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Potassium Permanganate Market is Segmented by End-user Industry (Pharmaceutical, Water Treatment, Food and Beverage, Agriculture, and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast for Potassium permanganate in revenue (USD Million) for all the above segments.

Market Snapshot

Potassium Permanganate Market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Potassium Permanganate Market Size

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for Potassium Permanganate was valued at USD 804.36 million in 2020 and is expected to register a CAGR of over 4% during the forecast period (2021-2026).

The COVID-19 outbreak is likely to bring several short-term and long-term consequences in various industries, such as agriculture, water treatment, and other end-user industries, which may affect the potassium permanganate market. The agriculture industry was widely impacted due to supply chain disruption and halt in the production of chemical manufacturing companies due to lockdown and workforce shortages, thus, adversely affecting the potassium permanganate market. For instance, across the world, the lockdowns in Europe have greatly disrupted food supply chains. According to Syngenta, about 46% of large European farming businesses have been impacted by the COVID-19 pandemic. Hence, the negative impact of the COVID-19 lockdown on the operations and growth of the above-mentioned industries has declined the demand for potassium permanganate in these industries.

  • Over the long term, the growing need for high-quality water treatment and the increasing usage as an intermediate in chemicals are driving the market growth.
  • The associated health risks on the usage of potassium permanganate are expected to hinder the market growth.

Scope of the Report

The Potassium Permanganate Market is segmented by end-user industry comprising pharmaceutical, water treatment, food and beverage, agriculture, and other end-user industries. The report also covers the market sizes and forecasts for the potassium permanganate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

By End-user Industry
Pharmaceutical
Food and Beverage
Water Treatment
Agriculture
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand for Pharmaceutical and Oxidizing Uses

  • Potassium permanganate has been increasingly used for medical purposes, majorly for antiseptic applications. Potassium permanganate finds its application in the treatment of various skin infections, such as dermatitis, eczema, acne, and other fungal infections.
  • Doctors prefer potassium permanganate usage for people suffering from wounds with oozing, pus, and blisters. Mostly, athletes use this chemical on foot as pain relief, as the oxidizing property of potassium permanganate kills the growing fungus.
  • Prescription drug expenditure in the united states stood at some 358.7 billion USD where as in 2019 it was nearly USD 345 million.
  • Potassium permanganate's dilute solutions are also used in relieving symptoms of melanin on hair as some artificial dyes cause allergic reactions to people.
  • Oxidizing the nature of iron and manganese by potassium permanganate helps in water filtration purposes. Filtration of water by removing toxins and corrosives and iron bacteria growth plays a major role in human health.
  • Owing to the aforementioned reasons, the usage of potassium permanganate in  pharmaceutical and oxidizing is estimated to grow substantially during the forecast period.
 Potassium Permanganate Market Share

Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the global market due to the highly developed healthcare sector in China, coupled with the continuous investments done in the region to advance the water treatment and agriculture sectors through the years.
  • China leads the textile industry. Moreover, the usage of potassium permanganate in the textile industry has been increasing in recent times. Potassium permanganate spray is mainly used as a decoloring and bleaching agent on denim garments to look brighter.
  • There has been a growth in potassium permanganate usage in water treatment applications to remove toxins and algae. The growing demand for clean water and expanding water treatment facilities in the Asia-Pacific region is expected to support potassium permanganate consumption in the future.
  • India is the largest Provider of generic drugs globally. Pharmaceutical export in India stood at USD 16.3 billion in the fiscal year 2020 whereas domestic pharmaceuticals market turnover reached USD 20.03 billion in 2019.
  • The region holds the largest metal producing plants globally, and in metal processing applications, potassium permanganate helps as a cleaning agent to increase the life of metals by removing oxides and carbon residues on steel.
  • The aforementioned factors are expected to drive the market in the region, during the forecast period.
Potassium Permanganate Market Report

Competitive Landscape

The potassium permanganate market is fragmented in nature, with the presence of a large number of players in the market. Some of the major companies are Chongqing Jialing Chemical Co., Ltd, GROUPSTARS CHEMICAL (YUNNAN) CHINA L.L.C, ORGANIC INDUSTRIES PVT LTD., Seidler Chemical Co, Inc (CARE), and Universal.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Need for Pharmaceutical and Water Treatment Uses

      2. 4.1.2 Increasing Demand from Chemical and Metal Industries

    2. 4.2 Restraints

      1. 4.2.1 Associated Health Issues

      2. 4.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19

      3. 4.2.3 Others Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By End-user Industry

      1. 5.1.1 Pharmaceutical

      2. 5.1.2 Food and Beverage

      3. 5.1.3 Water Treatment

      4. 5.1.4 Agriculture

      5. 5.1.5 Other End-user Industries

    2. 5.2 By Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Carus Group Inc.

      2. 6.4.2 Chongqing Jialing Chemical Co., Ltd.

      3. 6.4.3 Guangdong Hangxin Technology Co

      4. 6.4.4 Libox

      5. 6.4.5 ORGANIC INDUSTRIES PVT LTD.

      6. 6.4.6 Seidler Chemical Co, Inc (CARE)

      7. 6.4.7 GFS Chemicals, Inc.

      8. 6.4.8 GROUPSTARS CHEMICAL (YUNNAN) CHINA L.L.C

      9. 6.4.9 Universal.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Potassium Permanganate Market market is studied from 2016 - 2026.

The Potassium Permanganate Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Chongqing Jialing Chemical Co., Ltd, GROUPSTARS CHEMICAL (YUNNAN) CHINA L.L.C, ORGANIC INDUSTRIES PVT LTD., Seidler Chemical Co, Inc (CARE), Universal are the major companies operating in Potassium Permanganate Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!