Global Potassium Permanganate Market growing at a CAGR of 5.3% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the potassium permanganate market is predicted to grow at a compound annual growth rate of 5.3% from 2023 to 2031 and is expected to reach USD 1,447.13 million in 2031 and 956.61 million in 2023 which was valued at USD 912.60 million in 2022.
The report highlights the high demand for potassium permanganate in surface disinfection applications across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the potassium permanganate market.
Global Potassium Permanganate Market By Overview
The potassium permanganate market is bifurcated into the grade and end-user industry. Based on the grade, the market is segmented into free-flowing grade, industrial grade and pharmaceutical grade. In 2022, the free-flowing grade segment dominate the overall potassium permanganate market. Based on end-user industry, the market is segmented into pharmaceutical & healthcare, water treatment, food & beverages, agriculture, chemical, and others. In 2022, the water treatment segment dominate the overall potassium permanganate market.
Get Free SampleMarket Dynamics
Driver:
- High demand for potassium permanganate in surface disinfection application.
- Increasing demand for potassium permanganate in the mining industry.
Restraints:
- Health Problems Associated with Unsupervised Consumption.
Market Segmentation:
| Report Attributes | Report Details |
| By Grade | Free-Flowing Grade, Industrial Grade and Pharmaceutical Grade |
| By End-user Industry | Pharmaceutical & Healthcare, Water Treatment, Food & Beverages, Agriculture, Chemical, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Carus Group Inc., GFS Chemicals, Inc., Guangdong Hangxin Technology Co., Ltd., and Nippon Chemical Industrial Co., Ltd., which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the potassium permanganate market is expected to witness substantial growth in the coming years due to growing demand for potassium permanganate in the fisheries and aquaculture industry in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Carus Group Inc.
- GFS Chemicals, Inc.
- Guangdong Hangxin Technology Co., Ltd.
- Nippon Chemical Industrial Co., Ltd.
- Magnesia
- Milport Enterprises, Inc.
- Changsha Yonta
- Otto Chemie Pvt. Ltd.
- Univar Solutions Inc.
- Libox Chem (India) Pvt. Ltd.