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Potassium Permanganate Market Size (2024 - 2029)

The potassium permanganate market is projected to experience growth over the forecast period, driven by an increasing demand for water treatment and its use as a chemical intermediate. However, the market's expansion is challenged by health risks associated with potassium permanganate. The COVID-19 pandemic had a significant short-term impact on the market due to disruptions in supply chains and production halts, particularly affecting the agriculture sector. Despite these challenges, the long-term outlook for the market remains positive as industries adapt and demand continues to rise.

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Market Size of Potassium Permanganate Industry

Potassium Permanganate Market Summary
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
Market Concentration Low

Major Players

Potassium Permanganate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
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
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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.

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Potassium Permanganate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Need for High-Quality Water Treatment

      2. 1.1.2 Increasing Usage in the Pharmaceutical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Associated Health Issues

      2. 1.2.2 Others Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By End-user Industry

      1. 2.1.1 Pharmaceutical

      2. 2.1.2 Water Treatment

      3. 2.1.3 Food and Beverage

      4. 2.1.4 Agriculture

      5. 2.1.5 Other End-user Industries

    2. 2.2 By Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Potassium Permanganate Market Size FAQs

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.

In 2024, the Potassium Permanganate Market size is expected to reach USD 0.93 billion.

Potassium Permanganate Market Report Snapshots

Potassium Permanganate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)