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Potassium Permanganate Market to Reach US$368.1 mn by 2023, Growing Interest in Aquaculture to Create New Opportunities

Potassium permanganate is a dark-purple crystalline solid inorganic chemical compound, which is extensively used in municipal water treatment. It is also employed in waste treatment, aquaculture, metal processing, chemical manufacturing & processing, and air & gas purification. Furthermore, potassium permanganate is employed as a bleaching and coloring agent in tanning and textile industries. It also known as potassium of potash and is a compound of potassium, manganese, and oxygen. Potassium permanganate is an excellent oxidizing agent. It is available in three grades: free flowing, technical, and pharmaceutical.


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Potassium permanganate is manufactured by the oxidation of potassium manganate, which is prepared by the fusion of pyrolusite and potassium hydroxide. The potassium ion in potassium manganate is oxidized to form potassium permanganate. The free flowing grade is produced by adding an anti-caking agent to the technical grade. This prevents the particles from sticking together when in contact with moisture. Furthermore, the pharmaceutical grade is 99% potassium permanganate by weight; however, it requires more testing than other grades. These three grades of potassium permanganate can be used interchangeably in various applications, except pharmaceutical applications.


Rising need for water treatment is projected to boost the demand for potassium permanganate in the near future. Large number of substitute products compete with potassium permanganate for usage in its primary applications. These substitute products are relatively economical and easily available. For instance, sodium permanganate offers higher solubility and can be used readily in the liquid form vis-à-vis potassium permanganate. This helps avoid handling problems such as dusting. Thus, presence of substitutes is expected to hamper the demand for potassium permanganate in the near future. Nonetheless, increasing demand for aquaculture is anticipated to open new avenues for the potassium permanganate market.


Free flowing potassium permanganate accounted for the largest share of all the grades of potassium permanganate in 2014, as the free flowing grade is primarily used in water & waste treatment applications. However, the free flowing grade cannot be employed in pharmaceutical applications, as it does not meet the 99% assay requirement.


In terms of volume, water & waste treatment application was the largest application segment in the potassium permanganate market in 2014. Potassium permanganate is an oxidant used to remove the hardness of water and also remove iron and manganese from water. Thus, it is an oxidant of choice in many industrial and sanitary wastewater treatment applications, due to high efficiency and effectiveness in clarification.


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In terms of volume, Asia Pacific dominated the potassium permanganate market, accounting for about 45% share in 2014.It is estimated to be the fastest-growing regional segment during the forecast period, led by expansion in the textile and chemical processing industry in China, India, and countries in ASEAN. North America followed Asia Pacific in terms of demand in 2014. The potassium permanganate market in Europe is also likely to expand significantly during the forecast period. Latin America is also expected to witness significant demand for potassium permanganate in the near future owing to the growing pulp & paper industry in this region. Increasing demand for water treatment is expected to be the major driver for the growth of the potassium permanganate market in the Middle East & Africa region within the forecast period.


Key players in the potassium permanganate market include Carus Corporation, Chongqing Chagyuan Group Limited, 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, and Universal Chemicals & Industries Pvt. Ltd.


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