Sodium Permanganate Market Size, Share, Growth, and Industry Analysis by Type (Sodium Permanganate 40%, Sodium Permanganate 20%, and Other) By Application (Water Treatment, Electronics, Fine Chemicals & Pharmaceuticals, and Other), Regional Insights, and Forecast To 2031

SODIUM PERMANGANATE MARKET REPORT OVERVIEW

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The global sodium permanganate market size is expected to be worth USD 64 million in 2022 and is projected to touch USD 94.49 million by 2031, at a CAGR of 4.0% during the forecast period.

As a crystalline solid, sodium permanganate is an inorganic compound and purplish in color, with the chemical formula NaMnO4. Strong oxidizing properties are associated with the permanganate ion. The evaporation of purple-black prismatic crystals that result from its dissolution in water gives purple-black solutions. It tastes sweet and has no odor. Despite being noncombustible, it accelerates the burning of combustible materials. An explosive mixture may result from finely dividing combustible material. In contact with liquid combustible materials, it may spontaneously ignite. It is possible to cause fires or explosions when in contact with sulfuric acid. As well as being used in medicine, it can be used as a disinfectant. Chlorinated ethane compounds can be remedied quickly and efficiently with this powerful oxidant. Wastewater treatment plants as well as remediation companies have long used sodium permanganate. Permanganate ions are highly concentrated in NaMnO4. The behavior of sodium permanganate is similar to that of potassium permanganate. When dissolved in water, it produces a deep purple solution, which when evaporated gives prismatic purple-black glistening crystals of NaMnO4·H2O. There is no hydrate formed by the potassium salt. In analytical chemistry, it is less useful than potassium because of its hygroscopicity. Permanganates are also used to treat metal surfaces and clean metals.

As water treatment needs increase, NaMnO4 demand is expected to rise. In the near future, NaMnO4 demand is expected to be hindered by the availability of substitutes such as potassium permanganate and activated alumina for water treatment. The sodium permanganate market is expected to gain new opportunities from its use as an etchant in printed circuit boards.

COVID-19 Impact: Halt on Chemicals and Advanced Materials to Hamper Market

The global COVID-19 pandemic has been unprecedented and staggering, with the sodium permanganate market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

As a result of the global outbreak of COVID-19, the illness induced by the novel Coronavirus, the supply chain was bound to be stressed. In addition to electroplating, water treatment, and other end-user industries, the COVID-19 outbreak is likely to have several short- and long-term effects on sodium permanganate sales. NaMnO4 market was also adversely affected by supply chain disruptions and halts in chemical manufacturing companies' production due to lockdowns and workforce shortages. It was already in the midst of disruption before the outbreak hit the electronics supply chain. It is expected that the ease of restrictions will have a positive impact on the sodium permanganate market growth.

Latest Trends

"Increasing Demand of Sodium Permanganate 40% Solution to Drive the Market"

The solution forms of NaMnO4 are available globally in 40% and 20% concentrations. Electronics and fine chemicals are primarily synthesized with a 40% solution of NaMnO4. As well as being used in the manufacture of toluene saccharin, it is also used in the refinement of O-toluene sulfonamide.

SODIUM PERMANGANATE MARKET SEGMENTATION

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• By Type

The market is classified into sodium permanganate 40%, sodium permanganate 20%, and other based on type. The sodium permanganate 40% segment will lead the sodium permanganate market share throughout the forecast period.

• By Application

The market is classified into water treatment, electronics, fine chemicals & pharmaceuticals, other based on application. The water treatment segment will lead the sodium permanganate market share throughout the forecast period.

Driving Factors

"Rising Demand for Water Treatment to Drive the Market"

During the forecast period, NaMnO4 demand is expected to rise due to rising water treatment needs. Water can be purified with sodium permanganate by oxidizing the impurities. In addition to controlling taste and odor, it was used to remove iron and manganese from water treatment plants. By oxidizing precursors and reducing the need for other disinfectants, such as chlorine, it can reduce the formation of disinfection byproducts.

"Industrial Use of Sodium Permanganate to Drive the Market"

The industry uses sodium permanganate to oxidize or reduce chemicals. In order to produce saccharin, it acts as an oxidizing agent in the oxidation process of o-toluene sulfonamide. It is also used to purify toluene amide with NaMnO4. It is also used to make whitening or bleaching resins, waxes, straws, oil, cotton, silk, and chamois leather.

Restraining Factors

"Health Issues Associated with Sodium Permanganate to Restrain the Market Growth"

Even though there are some benefits to NaMnO4, but it can also harm. Ingestion or direct contact with sodium permanganate may pose a health risk. Depending on how and how much is consumed, the effects may vary. NaMnO4, in addition to skin irritation, hepatitis, and respiratory problems, can also cause upper airway edema, chest tightness, and irritation in the respiratory tract.

SODIUM PERMANGANATE MARKET REGIONAL INSIGHTS

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"Asia Pacific to Lead the Market Owing to the Growing Chemical Industry"

Asia Pacific is anticipated to lead the market because to the booming chemical sector in emerging economies like China and India, as these industries are growing day by day. Sodium permanganate is notoriously utilised in chemical intermediates. The increasing consumption of NaMnO4 throughout Asia and the Pacific is also a result of the requirement for water treatment. China is the world's top producer of NaMnO4.

North America holds the second largest share of the sodium permanganate market. Due to the availability of substitutes, NaMnO4 is expected to expand moderately in North America during the forecast period. In addition, the market for industrial applications is expected to expand at a slow pace due to sodium permanganate's relative cost. NaMnO4 is estimated to be a major market driver because of the increasing demand for water treatment.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by collaborating with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List Of Top Sodium Permanganate Companies

• Carus (U.S.)
• Nippon Chemical (Japan)
• Guangdong Hangxin (China)
• Chongqing Changyuan Chemical (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.