Market Size of Potassium Permanganate Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.93 Billion |
Market Size (2029) | USD 1.13 Billion |
CAGR (2024 - 2029) | 4.11 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Potassium Permanganate Market Analysis
The Potassium Permanganate Market size is estimated at USD 0.93 billion in 2024, and is expected to reach USD 1.13 billion by 2029, growing at a CAGR of 4.11% during the forecast period (2024-2029).
The COVID-19 outbreak brought several short-term and long-term consequences in various industries, such as agriculture, water treatment, and other end-user industries, affecting the potassium permanganate market. The agriculture industry was widely impacted due to supply chain disruption and a halt in the production of chemical manufacturing companies. It is due to lockdown and workforce shortages, thus, adversely affecting the potassium permanganate market. For instance, worldwide, the lockdowns in Europe greatly disrupted food supply chains. According to Syngenta, about 46% of large European farming businesses were impacted by the COVID-19 pandemic. Hence, the negative impact of the COVID-19 lockdown on the operations and growth of the industries mentioned above 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 of using potassium permanganate are expected to hinder market growth.
Potassium Permanganate Industry Segmentation
Potassium permanganate is a purplish-black crystalline salt of an inorganic chemical. It is largely employed as a strong oxidizing agent in the chemical industry and labs and as a treatment for dermatitis, wound cleansing, and general disinfection. The potassium permanganate market is segmented by end-user industry and geography. The end-user industry comprises 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. Each segment's market sizing and forecasts are based on revenue (USD million).
By End-user Industry | |
Pharmaceutical | |
Water Treatment | |
Food and Beverage | |
Agriculture | |
Other End-user Industries |
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Potassium Permanganate Market Size Summary
The potassium permanganate market is poised for growth, driven by its increasing applications in water treatment and as a chemical intermediate. The market experienced disruptions due to the COVID-19 pandemic, which affected supply chains and production in industries such as agriculture and water treatment. However, the long-term demand is expected to rise, particularly in the pharmaceutical sector, where potassium permanganate is used for its antiseptic properties. The pharmaceutical industry, especially in regions like North America and Germany, is expanding, which is anticipated to bolster the demand for potassium permanganate. Despite the potential health risks associated with its use, the market is expected to benefit from the growing need for high-quality water treatment solutions and the expanding pharmaceutical production capabilities.
The Asia-Pacific region is expected to dominate the global potassium permanganate market due to its advanced healthcare sector and ongoing investments in water treatment and agriculture. The region's textile industry also contributes to the increased use of potassium permanganate, particularly in denim production. The rising demand for clean water and the expansion of water treatment facilities in Asia-Pacific are projected to support market growth. Additionally, the robust growth of the pharmaceutical industry in countries like India and China further strengthens the market outlook. The potassium permanganate market is characterized by a fragmented landscape with several key players, including Chongqing Changyuan Group Limited and Carus Group Inc., who are actively contributing to the market dynamics.
Potassium Permanganate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Need for High-Quality Water Treatment
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1.1.2 Increasing Usage in the Pharmaceutical Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Associated Health Issues
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1.2.2 Others Restraints
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1.3 Industry Value Chain Analysis
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By End-user Industry
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2.1.1 Pharmaceutical
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2.1.2 Water Treatment
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2.1.3 Food and Beverage
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2.1.4 Agriculture
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2.1.5 Other End-user Industries
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2.2 By Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Potassium Permanganate Market Size FAQs
How big is the Potassium Permanganate Market?
The Potassium Permanganate Market size is expected to reach USD 0.93 billion in 2024 and grow at a CAGR of 4.11% to reach USD 1.13 billion by 2029.
What is the current Potassium Permanganate Market size?
In 2024, the Potassium Permanganate Market size is expected to reach USD 0.93 billion.