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Persulfates Market

Persulfates Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

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Industry: Chemicals & Materials | Author Name: Harshad


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Global persulfates market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.

Persulfates Market Expands as Demand Surges in Pulp, Paper, and Textile Industries

Several factors are projected to propel the worldwide persulfates market, including the expansion and growth of the polymers sector and the rising persulfate use in personal care and cosmetics products. The pulp, paper, and textile sectors have increased demand for persulfates, which benefits the market expansion. The oxidizing and bleaching properties needed by the pulp, paper, and textile industries are given by persulfates. Several restrictions and challenges will constrain the market expansion. Exposure to persulfates in the form of dust may irritate the skin, eyes, nose, lungs, and throat. Long-term exposure may cause breathing issues that have asthmatic effects. These elements have the potential to impede the expansion of market.

The widespread usage of persulfates in several industrial applications fuels the growth of the global persulfates market. In the pharmaceutical industry, the product is also employed as a reagent to create quinones, aldehydes, antibiotics, ketones, and carboxylic acids. Persulfate initiation is used to create latex polymers for coatings, paints, and carpet backing. They can also be used as etchants to titanium, nickel, and zinc alloys. The chemical is used in cobalt and nickel separation procedures, increased oil recovery, creating dispersants for toner formulations and ink jetting, and water and soil cleanup. These elements are expected to fuel the expansion of the market.

The persulfates market has recently seen overall expansion driven by the rising propensity for electronics and the expanding use of the internet globally. These persulfates are used in the critical etching procedures for printed circuit boards. During the projection period, persulfates are anticipated to expand due to the strengthening expansion of major end-user industries and rising investment. After the Federal Trade Commission's (FTC complaint)'s to stop the acquisition was dismissed by the relevant court in Washington, D.C., Evonik was able to complete the acquisition of the US company PeroxyChem for US$640 Mn.

Persulfates Market: COVID-19 Impact

The development of electronics and other prospective end-user sectors was significantly impacted by the viral outbreak. COVID-19 saw a significant decline in the oil and gas industry's expansion and a considerable crisis in the electronics sector. These shifting conditions from many end-user industries have impacted the growth of the persulfates sector. During the pandemic, only the utmost needed products were gaining ground. As a result, the pandemic saw a rise in the demand for latex gloves and latex polymers. During the epidemic, these elements helped the persulfates industry expand generally. Following COVID, several industries have raised their investments and may have opened up new chances for growth. As a result, a good CAGR is anticipated for the persulfates market over the forecast period.

Growing Wastewater Treatment Projects to Propel Persulfates Market Revenue

For treating a wide range of pollutants, including halogenated olefins, perfluorinated compounds, phenols, pharmaceuticals, inorganics, and more, persulfates are used in the water treatment business. The expansion of the water treatment sector is being fueled by the spike in wastewater treatment projects being undertaken on a global scale. For instance, work on the Mandaluyong, Philippines, Aglipay Sewage Treatment Plant started in 2020. When it comes to minimizing adverse effects on Manila Bay and the Pasig River, as well as its environmental footprint, it will adhere to strict national criteria that go above and beyond what the EU requires. The project will be finished in early 2024 and is now in development. Additionally, by 2023, construction will start in the United States on the "New Upper Thompson Sanitation District Wastewater Treatment Facility," a future development wastewater treatment project. Such initiatives are boosting persulfate demand and expanding the persulfates market.

Rising Production of Polymers to Boost Demand in Persulfates Market

To start the polymerization process, potassium persulfate is used to produce a variety of polymers, including vinyl, neoprene, and others. Factors including the booming packaging sector demand increase the need for products with excellent durability and flexibility. These elements are hastening the expansion of the polymer sector. The Chemicals and Petrochemicals Manufacturers' Association (CPMA) estimates that India produced 12.35 million tonnes of polymers in 2020 and 13.54 million tonnes of polymers in 2021, an increase of 9.63%. Thus, the need for persulfates is being fueled by the surge in polymer production, which is, in turn, speeding up persulfates market expansion.

Potential Health Issues to Restrict Persulfates Market Growth

Several limits on the usage of persulfates have been put in place due to the numerous health risks associated with their use. For instance, sodium persulfates are on the list of hazardous substances maintained by the New Jersey Department of Health and Senior Services because they can irritate the eyes, nose, and skin and interfere with breathing. Additionally, raw ingredients utilized in the production of persulfates, like persulfuric acid, negatively influence health. As a result, the health issues raised above about the usage of persulfates may limit industry's growth throughout the anticipated forecast period.

Sodium Persulfate to Dominate Persulfates Market on Account of Cheaper Costs, and Slower Decomposition Rate

The sodium segment accounted for a sizeable portion of the persulfate market. Sodium persulfate can decompose slowly at ambient temperature, after heating, or fast in ethanol to liberate oxygen and generate sodium pyrosulfate. As a result, polymers commonly use it as an oxidizing agent. Additionally, sodium persulfate is employed as an etchant and cleaning agent in manufacturing printed circuit boards (PCBs). Furthermore, compared to sodium persulfate, potassium persulfate may be more expensive and less soluble. Consequently, due to the advantages indicated above, sodium persulfate is becoming increasingly widely used in various end-use industries, including electronics, polymers, and more. This aspect is propelling the persulfates market expansion.

With Growing Use of Persulfate in PCB, Electronics Sector to Dominate Persulfates Market

During the forecast period, the persulfates market is predicted to be driven by the expanding demand for persulfates in the electronics industry for use in the cleaning and etching of printed circuit boards. Before coating, plating, and adhesive bonding, persulfates are used to cleanse the surfaces of metals such as copper, brass, nickel, aluminium, zinc, and titanium. This is predicted to increase demand for persulfates and drive the market. With the accelerated pace of innovation, the development of technology, and R&D operations in the electronics industry, there is a great demand for newer and quicker electronic devices. The number of American manufacturing and research and development facilities concentrating on high-end products is increasing. The growing demand for semiconductor devices is expected to drive the global printed circuit boards market to reach US$70 Bn by 2024 at a CAGR of over 3%. As a result, this might raise the demand for persulfates in printed circuit boards and grow the pmarket throughout the projected year.

Asia Pacific to Acquire a Major Revenue Share in Persulfates Market as Electronics Industry Continues to Swell

During the projected period, Asia Pacific is anticipated to dominate the global persulfate market. The persulfates market has been rising in nations like China, India, and Japan due to the rising demand from numerous end-user sectors, including polymers, electronics, cosmetics, and personal care. The market is being stimulated by the region's growing preference for polymers over metals and the growth of the consumer appliance industry. Additionally, as persulfates are used in hair bleaches and lighteners to decolorize hair by oxidizing colors existing in the hair shaft, shifting fashion and lifestyle trends may spur the market growth of hair dyes and, by extension, persulfates.

The second-largest cosmetics market in the world, China is quickly overtaking other markets to become the world's biggest consumer of skincare, and cosmetics. The Chinese cosmetics and skincare market's makeup, skincare, hair care, and personal hygiene sectors, which span many businesses, witnessed growth. The development of the electronics sector in the Asia-Pacific region depends on several variables, including government policies that support it, developing economies, and technical improvement. For instance, the total electronics manufacturing in Japan increased by 9.9% between 2020 and 2021, from 9,964,769 million yen (US$93.3 Bn) to 10,954,346 million yen (US$99.7 Bn), according to Japan Electronics and Information Technology Industries Association (JEITA). As a result, the demand for persulfates is increasing due to the expansion of the electronics sector in the Asia Pacific region.

Over the forecast period, North America is expected to grow at a revenue-based CAGR of 3.6%. This is because there are several significant producers of plastics in the US, notably ExxonMobil Chemical Division and DoW Chemical. The third-largest manufacturing sector in the country is the plastics sector. Some of the most widely produced polymers in the US are linear low-density polyethylene, high-density polyethylene, and low-density polyethylene. The US electronics market is the largest in the world in terms of size. With the utilization of advanced technology, an increase in the number of R&D facilities, and a growth in consumer demand, it will likely maintain its position as the market leader during the anticipated timeframe. As a result, this component will significantly increase persulfates market revenue in North America.

Global Persulfates Market: Competitive Landscape

In September 2022, Calibre Chemicals (Calibre), a nutrition, pharmaceuticals, and personal care specialized chemicals company headquartered in Mumbai, entered into a definitive agreement to acquire 100% ownership of RheinPerChemie GmbH (RPC) from Evonik, a global leader in specialty chemicals. RPC, based in Rheinfelden, Germany, is a major European producer of ammonium and sodium persulphates. Moreover, in April 2022, Evonik's Active Oxygens business line announced a new sustainability strategy targeted at increasing the beneficial impact and decreasing the environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. The strategy includes real initiatives to reduce carbon emissions and improve resource efficiency in manufacturing these chemicals, intending to reach climate neutrality across the business line by 2040.

A few of the players in the persulfates market include Mitsubishi Gas Chemical Company, Ak-Kim Kimya, Adeka Corporation, Fujian Zhanhua Chemicals, Evonik Industries AG, United Initiators, Peroxy Chem, Stars Chemical, Ak-kim Kimya, and Lanxess.

Global Persulfates Market is Segmented as Below:

By Type

  • Ammonium Persulfate
  • Sodium Persulfate
  • Potassium Persulfate

By End-Use Industry

  • Polymers
  • Electronics
  • Cosmetics & Personal care
  • Pulp, Paper & Textile
  • Water Treatment
  • Oil & Gas
  • Soil Remediation
  • Others

By Application

  • Polymer initiator
  • Oxidation, Bleaching & Sizing Agent
  • Down-hole
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Persulfates Market

  • Persulfates Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Production Output Analysis (Major Producing Regions)
  • Key Trade Statistics (Import and Export)
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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