The analysts forecast global potassium permanganate market to grow at a CAGR of 3.11% during the period 2018-2022. One trend in the market is growth in the pharmaceutical industry.
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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.
Major 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.
According to the potassium permanganate market 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.
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Further, the potassium permanganate market 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.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Application
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers and Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis