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In the first half of 2023, the potassium permanganate market faced varied challenges in different regions. In Asia, the price trend initially rose due to increased potash ore costs but later declined due to government sanctions on Belarus imports and oversupply. This decline continued into the second quarter, worsened by a weak fertilizer sector and reduced consumer confidence. In Europe, falling feedstock material prices, trade sanctions, growing inventories, and economic challenges pushed prices down. North America witnessed a gradual price decline in both quarters, driven by weak demand from downstream industries, abundant product availability, and the influence of competitively priced imports from other markets.
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Definition
Potassium permanganate is a chemical compound with the formula KMnO4. It is a dark purple, crystalline substance that dissolves in water to form a vibrant pink or purple solution. Renowned for its powerful oxidizing properties, potassium permanganate is widely used in various industrial and medical applications. It serves as an effective disinfectant, water purifier, and stain remover. In laboratories, it is a valuable reagent for analytical and qualitative tests. Additionally, potassium permanganate plays a vital role in the treatment of wastewater and serves as a strong oxidizer in chemical processes, making it a versatile compound with diverse applications.
Key Details About the Potassium permanganate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Potassium permanganate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Potassium permanganate Price chart, including India Potassium permanganate price, USA Potassium permanganate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Potassium permanganate Price Trend:
Potassium permanganate (KMnO4) finds extensive industrial use owing to its potent oxidizing and disinfecting properties. In water treatment, it acts as a powerful disinfectant, effectively eliminating impurities, microbes, and unpleasant odors. The chemical industry employs it as an oxidizing agent in the synthesis of various organic compounds and chemicals. In the pharmaceutical sector, it is used to formulate medications and disinfectants. In laboratories, potassium permanganate is a vital reagent for numerous analytical tests and experiments. Moreover, it aids in the purification of air and gas streams and plays a key role in metal etching, particularly in electronics and metalworking. Its versatility and effectiveness make it an indispensable component in various industrial processes.
Key Players:
- Carus Group Inc
- GFS Chemicals Inc
- Guangdong Hangxin Technology Co Ltd
- Nippon Chemical Industrial Co Ltd
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