Potassium Permanganate Market
Potassium Permanganate Market (Free Flowing, Technical, and Pharmaceutical) for Water & Waste Treatment, Industrial, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Press Release :
Global Potassium Permanganate Market - Overview
The period for which the global potassium permanganate market is assessed by Transparency Market Research in its market report, based on an extensive research, is from 2015 to 2023. As per findings of the report, the global potassium permanganate market would reach a valuation of USD 3.68 billion by the end of this period. The growth translates to a CAGR (Compound Annual Growth Rate) of 3.0%.
One of the major reasons of growth in the market is the applicability of potassium permanganate in a number of varied industries. One of the prominent applicability of potassium permanganate is witnessed in waste water treatment. As water gets scarcer, need to treat water from canals and sewage gets more intense. Another industry that uses potassium permanganate is the metal processing.
The market has a significant number of players in it and over the last few years new players of small, medium, and large stature have joined in order to carve off a slice for themselves from the overall growth pie. This not only makes the vendor landscape fragmented but also competitive. And, it is worthy of mentioning here that the market has no single player leading its turf.
One of the major focus areas for players in the global potassium permanganate market is marketing their products in an effective manner. Additionally, players would be focusing upon improving the production process, injecting agility and nimbleness to it. Most players that are renowned have invested heavily in improvement of manufacturing of potassium permanganate. On the other hand, the smaller players would be directing efforts towards ensuring that the distribution channels are robust.
Noted players of global potassium permanganate market are Chongqing Chagyuan Group Limited, Carus Corporation, Zunyi Shuangyuan Chemical Group Co., Ltd., Groupstars Chemical (Yunnan) China L.L.C., and Organic Industries Pvt. Ltd.
It is noteworthy here that there are a number of strategies players in the global potassium permanganate market deploy in order to stay ahead of the competition. Some of these are based on key alliances such as mergers, acquisitions, partnerships, and collaborations.
The global potassium permanganate market report prepared by Transparency Market Research is segmented into grade, application, and region.
Free Flowing Segment to be a Prominent Segment in the Global Potassium Permanganate Market over the Forecast Period
On the bases of grade, the sub-segmentation includes free flowing, technical, and pharmaceutical. And, on the other hand, in terms of application, the segmentation includes water and waste treatment, industrial, and others (including chemical processing, etc.). In terms of grade, volume-wise, free flowing would dominate the forecast period, contributing significantly to the growth of global potassium permanganate market, owing to strong demand arising from water treatment sector. However, it is pertinent to note here that in pharmaceutical this grade does not work as it has assay requirements of 99%. This is what will lead to demand for pharmaceutical grade, which is also set to see growth at a notable CAGR.
Asia Pacific to be a Prominent Regional Market over the Forecast Period
On the basis of region, the global potassium permanganate market covers North America, Europe, Middle-east and Africa (MEA), Asia Pacific (APAC), and Latin America. Out of these Asia Pacific would chart significant growth statistics owing to impressive demand increase noted in the textile and processing industry. Countries such as China and India will lead the market growth over the forecast period. Other ASEAN countries would also play a significant role in the overall growth of potassium permanganate.
Potassium permanganate, also known as potassium of potash, is a compound of potassium, manganese, and oxygen. It is used in waste treatment, aquaculture, metal processing, chemical manufacturing & processing, and air & gas purification. Potassium permanganate is also employed as a bleaching and coloring agent in tanning & textile industries.
This report forecasts and analyzes the potassium permanganate market on the global and regional level. The study provides historic data for 2014 coupled with forecast from 2015 to 2023 based on volume (tons) and revenue (US$ thousand). It includes drivers and restraints for the potassium permanganate market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the potassium permanganate market. Detailed value chain analysis has been included to provide a comprehensive view of the potassium permanganate market. Analysis of Porter’s Five Forces Model for the potassium permanganate market has also been included to help understand the competitive landscape in the market.
The study analyzes the potassium permanganate market by segmenting it based on grade, application, and region. Grade includes present and forecast demand for water & waste treatment, industrial, and others (chemical processing, etc.). Regional segmentation includes current and forecast demand for potassium permanganate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa and major countries in these regions.
Prices of potassium permanganate vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market into grades and applications in each region. The report provides estimated market size of potassium permanganate market for 2015 and forecast up to 2023. The size of the global potassium permanganate market has been provided in terms of volume and revenue. Market volume has been defined in tons, while revenue is provided in US$ thousand. The global potassium market has been estimated based on demand for various grades such as free flowing, technical, and pharmaceutical. The market has also been projected based on major application segments of potassium permanganate. These include water & waste treatment, industrial, and others. Water & waste treatment includes applications such as municipal water treatment, industrial wastewater treatment, and other hazardous waste treatment. Industrial applications comprise metal surface treatment, equipment cleaning, mining and metallurgical, textiles, and purification of gases. Other applications include chemical processing and food processing.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
The report also offers competitive landscape of the overall market with company profiles of players such as Group Co., Ltd., Organic Industries Pvt Ltd, Libox Chem Pvt Ltd., Guangdong Meixian Hanghai Manganese Chemical Plant, and Universal Chemicals & Industries Pvt. Ltd. Detailed description of the company overview in terms of headquarters, inception, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of players in the market.
This report segments the global potassium permanganate market as follows:
Global Potassium Permanganate Market – Grade Analysis
- Free flowing
Global Potassium Permanganate Market – Application Analysis
- Water & waste treatment
- Others (Including Chemical processing, etc.)
Global Potassium Permanganate Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA