Global potassium permanganate market crossed a valuation of USD 680 million last year and is expected to grow at a significant rate in the next seven years. Potassium permanganate is a purple, odorless inorganic chemical compound. It has strong oxidizing features and easily dissolves in water without leaving any toxic byproducts, which is why it has wide-ranging applications.
In the medical sector, potassium permanganate is used to clean wounds as well as treat various skin conditions, including fungal infections of the foot, impetigo, pemphigus, dermatitis, and tropical ulcers. In the water treatment sector, potassium permanganate is used as a regeneration chemical to remove toxic chemical compounds, manage algae growth, bad taste, color, and smell. In wastewater treatment, potassium permanganate is used to eliminate odor from the wastewater stream, oxidize contamination, remove toxins, and corrosives from the stream. In chemical manufacturing, it used to synthesize organic compounds. In the aquaculture industry, it is used for replenishing the oxygen in fish ponds and aid in controlling the fish diseases and parasites. Other application areas of Potassium permanganate include fruit preservation, survival kits, fire services, metal processing, and disinfectants, among others.
Top Companies Operating in the Global Potassium Permanganate Market:
· Chongqing Changyuan Chemical Corporation Limited
· Carus Corporation
· Groupstars Chemical (Yunnan) China L.L.C
· Zunyi Shuangyuan Chemical Group Co., Ltd
· Organic Industries Pvt Ltd, Libox Chem Pvt Ltd.
· Guangdong Meixian Hanghai Manganese Chemical Plant
· Universal Chemicals & Industries Pvt Ltd
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.
Table of Contents:
1. Report Overview
1.1 Research Scope
1.2 Key Potassium Permanganate market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Potassium Permanganate market size
2.2 Latest regional market trends
2.3 Emerging growth trends
3. Competitive Outlook
3.1 Global Potassium Permanganate market key players
3.2 Global Potassium Permanganate size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Potassium Permanganate market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Potassium Permanganate Market Segmentation
Market segment based on Grade:
- Free Flowing
- Technical
- Pharmaceutical
Market segment based on Application:
- Medication
- Water & Waste Treatment
- Industrial
- Others
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