The Sodium Permanganate Market Report (2019-2026): Opportunities, Challenges, Strategies, and Forecasts
Sodium permanganate is a purplish-colored, inorganic salt compound, which is primarily available in aqueous form as a monohydrate. It is miscible in water, ether, ethanol, and liquid chlorine. Sodium permanganate offers high concentration of permanganate ions. Owing to high solubility in water, it is used for etching of plastic parts, as etching requires high concentration of permanganate ions. Sodium permanganate is also used for water treatment and soil treatment, as it is capable of degrading phenols, BTEX, chlorinated ethenes, and PAHS and removing hydrogen sulfide. Moreover, since it readily dissolves in water, it is used in water treatment plants, for controlling the odor and taste issues. It is often used as an oxidizing agent in the manufacture of chemical intermediates. Other uses of sodium permanganate include metal surface treatment and metal cleaning. Sodium permanganate is a strong and better substitute for potassium chloride, in terms of chemical properties such as miscibility and chemical reactivity. However, it is comparatively costlier to produce.
According to the report, the global Sodium Permanganate market is worth USD 57 million in 2019, and it is expected to generate USD 75 million in revenue by 2026, with a compound annual growth rate of roughly 3.9% from 2019 to 2026.
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Market Driver and Constraint
It is expected that the increase in water treatment demand will boost the demand for sodium permanganate during the forecast period. Its use as an etchant in printed plastic circuits is expected to bring new impetus to the sodium permanganate market. Yet, the presence of a number of substitutes such as potassium permanganate and activated alumina for water treatment is projected to hinder the demand for sodium permanganate in the near future.
Region-wise Analysis
The regional level forecast study covers key regions like Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia Pacific held the largest share of the market in 2018, accounting for close to 35% share. It was followed by North America and Europe, with a share of 33% and 22% respectively. The Asia Pacific is likely to maintain its dominant position, due to the growing chemical industry in emerging economies such as China and India, as sodium permanganate is infamously used for the production of chemical intermediates. High consumption of sodium permanganate in the Asia Pacific is also driven by an increasing need for water treatment in the region. China is the leading manufacturer of sodium permanganate across the world.
The sodium permanganate market in North America and Europe is expected to expand moderately during the forecast period, due to the availability of substitutes. The market in Latin America and Middle East & Africa is projected to expand at a sluggish rate during the forecast period for industrial applications, owing to comparatively expensive nature of sodium permanganate. However, the growth in water treatment demand is predicted to be the main driving force for the sodium permanganate market in the Middle East and Africa.
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Competition Analysis
Major enterprises in the global market of Sodium Permanganate include Inchem GmbH, Carus, INNOCHEM, Fox Chemicals GmbH, CBW Chemie GmbH, Salsbury Chemicals, Inc., Kingsfield, Chongqing Changyuan Chemical, Guangdong Hangxin Technology, Tianjin Binhai EnviroTech, Hepure, Changsha Yonta Industry Co., Ltd., Nanjing Kaimubo Pharmatech Company Limited, RennoTech Co., Ltd., Aurora Fine Chemicals, and etc. Despite competition problems, investors are still optimistic about this area due to the obvious global recovery trend. In the future, the markets of developed countries will grow and those of developing countries will grow faster.
Worldwide Sodium Permanganate Market by Type
By product type, the Sodium Permanganate market is segmented into Sodium Permanganate Content 40%, Sodium Permanganate Content 20%, and Other. Sodium permanganate is in the form of 40% and 20% solutions worldwide. The 40% solution is mainly used in electronics and for the synthesis of fine chemicals, which requires concentrated permanganate solution. It is also used to manufacture toluene saccharin and refine O-toluene sulfonamide. The 20% solution is primarily used for purification of drinking water. It helps in regulating the taste and odor of water. Besides, the 20% solution is used for iron and manganese reduction, color reduction, and radium reduction.
Worldwide Sodium Permanganate Market by Application
Based on the application, this market is divided into Oxidizer, Disinfectants, Antiseptic, Metal Cleaner, and Other. Other general uses of sodium permanganate include its application as a fungicide and phosphorous antidote. Usage of sodium permanganate solution as an etchant in printed circuitry is one of its most popular applications.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Sodium Permanganate Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Sodium Permanganate Market by Types
4 Segmentation of Sodium Permanganate Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Sodium Permanganate Market in Major Countries
7 North America Sodium Permanganate Landscape Analysis
8 Europe Sodium Permanganate Landscape Analysis
9 Asia Pacific Sodium Permanganate Landscape Analysis
10 Latin America, Middle East & Africa Sodium Permanganate Landscape Analysis
11 Major Players Profile
11.1 Inchem GmbH
11.1.1 Inchem GmbH Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Carus
11.3 INNOCHEM
11.4 Fox Chemicals GmbH
11.5 CBW Chemie GmbH
11.6 Salsbury Chemicals, Inc.
11.7 Kingsfield
11.8 Chongqing Changyuan Chemical
11.9 Guangdong Hangxin Technology
11.10 Tianjin Binhai EnviroTech
11.11 Hepure
11.12 Changsha Yonta Industry Co., Ltd.
11.13 Nanjing Kaimubo Pharmatech Company Limited
11.14 RennoTech Co., Ltd.
11.15 Aurora Fine Chemicals
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Target Audience:
Sodium Permanganate manufacturers
Raw material suppliers of Sodium Permanganate
Distributors and resellers of Sodium Permanganate
Sodium Permanganate industry associations
Product managers, Sodium Permanganate industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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