Global Potassium Permanganate Market 2018-2022
About Potassium Permanganate
Potassium permanganate is an inorganic chemical. Its chemical formula is KMn04. It is an odorless, dark purple crystalline compound with a sweet taste. It is composed of versatile oxidant and disinfectant of potassium, manganese, and oxygen.
Technavio’s analysts forecast the global potassium permanganate market to grow at a CAGR of 3.11% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global potassium permanganate market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Potassium Permanganate Market 2018-2022
Technavio recognizes the following companies as the key players in the global potassium permanganate market: Carus Group, GROUPSTARS CHEMICAL (YUNNAN) CHINA, In-Situ Oxidative Technologies, Jialingchemical, Libox Chem (India), and ORGANIC INDUSTRIES.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in the pharmaceutical industry. Potassium permanganate is used in pharmaceuticals extensively, due to its oxidation and antiseptic properties. It is used in treating diseases such as skin diseases, fungal infection, healing wounds, and hair dye allergies.”
According to the report, one driver in the market is growing demand from textiles. Potassium permanganate is extensively used in the textiles industry as a bleaching agent. It is used in the bleaching process of polyester fabrics, cotton fabrics, and jeans. It is used to provide denim effects in the fabric. Also, it is preferred in the textiles industry due to its powerful oxidation property. Potassium permanganate is considered economical when compared to conventional bleaching agents. In addition, potassium permanganate does not affect the dye uptake values adversely like other conventional bleaching agents.
Further, the report states that one challenge in the market is restriction on the use of potassium permanganate in certain countries. In the US, the use of potassium permanganate is regulated by several agencies as it is used in the extraction of cocaine from coca leaves. Due to these factors, the sale of large volumes of potassium permanganate is restricted. Buying a large quantity of potassium permanganate requires full documentation, and it should be reported to the regulatory authorities. In addition, it is also banned in many countries in South America as well. These restrictions are hampering the growth in the global potassium permanganate market.
Carus Group, GROUPSTARS CHEMICAL (YUNNAN) CHINA, In-Situ Oxidative Technologies, Jialingchemical, Libox Chem (India), and ORGANIC INDUSTRIES.
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