Global Persulfates Market Persulfates Forecasts to 2033

• The Global Persulfates Market Size was Valued at USD 892.1 Million in 2023
• The Market Size is Growing at a CAGR of 4.74% from 2023 to 2033
• The Worldwide Persulfates Market Size is Expected to Reach USD 1417.76 Million by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Persulfates Market Size is Anticipated to Exceed USD 1417.76 Million by 2033, Growing at a CAGR of 4.74% from 2023 to 2033. Persulfates are widely used to start polymerization reactions, clear swimming pools, and start emulsion hair bleaching processes can expand the market growth.

PERSULFATES MARKET REPORT OVERVIEW

The most chemically active peroxygens are persulfates, which are useful in a wide range of chemical reactions. There are different forms of persulfates such as sodium persulfates. Ammonium persulfates, potassium persulfates. Potassium persulfate is regarded as a novel and effective disinfectant that is best utilized in poultry, aquaculture, and livestock. This antioxidant (K2S2O8) has shown a greater ability to remove hazardous material from water and a high level of efficacy in killing bacteria. Since potassium persulfate is capable of generating SO4•-, a potent oxidizing agent, it is probable that the potassium persulfate acts on bacteria through oxidation. The main benefit of potassium persulfate is that, unlike other traditional disinfectants, it doesn't harm humans, animals, or the environment. This increases the range of applications for persulfate. Due to its potent oxidizing power, potassium persulfate has shown to be an excellent tool for starting polymerization processes. These reactions can be used in the polymer manufacturing sector to synthesize essential polymers that are useful for medicinal chemistry or for commercial purposes.

Ammonium persulfate and potassium persulfate are both widely used in the cosmetics industry as boosters for hair bleaches and for oxidizing hair dyes. Initiators for the emulsion polymerization of acrylic monomers and the emulsion co-polymerization of styrene, acrylonitrile, butadiene SBR, and ABS are extensively utilized in the field. Ammonium persulfate and sodium persulfate are employed in the activation of copper and aluminum surfaces, the treatment of metal surfaces, and the etching of copper on printed circuit boards. Persulfates are utilized as bleach activators and denim desizing agents in the textile industry. They can be applied to cold bleaching as well. Persulfates are used in the paper industry for de-inking and re-pulping. The electronics sector is experiencing tremendous innovation, technological improvement, and R&D, which has led to a significant demand for newer and quicker electronic products. The number of high-end product-focused manufacturing facilities and research centers in the US.

Report Coverage

This research report categorizes the market for the global persulfates market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global persulfates market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global persulfates market.

DRIVING FACTORS:

The growing demand electronic industry can propel the growth of the market.

The market is expected to be driven by the electronics industry's increasing need for persulfates, which are used to clean and etch printed circuit substrates. The use of persulfates to clean the surfaces of metals such as brass, copper, nickel, aluminum, zinc, and titanium prior to coating, plating, and adhesive bonding on electronic components is anticipated to increase demand and expand the market for persulfates. Because of the electronics industry's R&D operations, quick technological improvement, and fast speed of invention, there is a great demand for newer and faster electronic devices.

RESTRAINING FACTORS

The significant health issues could restrict the market growth.

Sodium persulfates are hazardous due to their chemical toxicity. They can irritate the skin, nose, and eyes and create breathing difficulties, they are listed as dangerous compounds. Furthermore, raw materials such as persulfuric acid that are used in the manufacturing of persulfates have detrimental effects on health. Because of this, the health concerns about the use of persulfates mentioned above could restrict the industry's growth.

Market Segmentation

The persulfates market share is classified into crop type and end-use industry.

Sodium persulfates accounted for the largest share of the market over the forecast period.

Based on type, the persulfate market is classified into ammonium persulfate, sodium persulfate, and potassium persulfate. Sodium persulfate can break down quickly in ethanol to release oxygen and produce sodium pyrosulfate, or slowly at room temperature or after heating. It is frequently used as an oxidizing agent in polymers. Sodium persulfate is also utilized as an etchant and cleaning agent during the manufacturing of printed circuit boards. In addition, potassium persulfate might be costlier and less soluble than sodium persulfate. As a result of the benefits mentioned above, sodium persulfate is being utilized more and more in a variety of end-use industries, such as electronics and polymers. It works wonders as an activator for bleach. It is employed as a cleaning agent for the environment. It is used in waste gas treatment, water treatment, contaminated soil rehabilitation, and the oxidative annihilation of dangerous compounds. In the paper industry, it is widely used to repel wet-strength paper. It is also used as a disinfectant. The market expansion for persulfates is being driven by this factor.

The electronic segment is the most dominating sector in the market throughout the forecast period.

Based on the end-use industry, the persulfates market is classified into plastics & polymers, electronics, pulp, paper & textiles, water treatment, oil & gas, and others. The growing need for persulfates in the electronics sector for usage in cleaning and etching printed circuit boards is expected to propel the persulfates market. Copper, brass, nickel, aluminum, zinc, and titanium surfaces are cleaned with persulfates prior to coating, plating, and adhesive bonding. It is anticipated that this will propel the market and raise demand for persulfates. There is a high demand for faster and newer electronic gadgets due to the electronics industry's R&D activities, technical development, and accelerated speed of innovation. In the cosmetics industry, persulfates are also utilized to make hair lighteners and bleaches.

Regional Segment Analysis of the Global Persulfates Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is having the biggest share of the persulfates market throughout the forecast period.

Demand for persulfates has been increasing across many end-user industries, including polymers, electronics, cosmetics, and personal care, and this has led to growth in countries like China, India, and Japan. The region's increasing inclination for polymers over metals and the expansion of the consumer appliance sector is driving the market. Additionally, changing fashion and lifestyle trends may encourage the market expansion of hair dyes and, by extension, persulfates, as persulfates are used in hair bleaches and lighteners to decolorize hair by oxidizing colors existing in the hair shaft. The makeup, skincare, hair care, and personal hygiene sectors which encompass a wide range of industries of the Chinese cosmetics and skincare market experienced growth. The Asia-Pacific region's electronics industry's growth is contingent upon multiple factors, including policy assistance from the government, economic development, and technological advancements.

North America is the fastest-growing region during the projected timeframe.

This is made apparent by the existence of multiple industry leaders in the plastics sector, including Dow Chemical in the United States and ExxonMobil Chemical Division. Plastic industry is the third biggest manufacturing sector in the nation. The United States produces a significant amount of high-density, low-density, and linear low-density polyethylene polymers.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global persulfates market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Merck
• Lanxess
• Powder Pack Chem.
• Aldon Corporation
• Yatai Electrochemistry Co. Ltd.
• RheinPerChemie GmbH
• Hebei Jiheng Group
• San Yuan Chemical Co., Ltd
• Adeka Corporation
• Vr Persulfates Private Limited
• Evonik Active Oxygens
• United Initiators
• Mitsubishi Gas Chemical Company
• Ak-Kim Kimya
• Fujian Zhanhua Chemical Company
• Others

Key Market Developments

• In April 2022, The Active Oxygens business line of Evonik has unveiled a new sustainability strategy aimed at reducing the environmental impact and improving the good effects of peracetic acid, hydrogen peroxide, and persulfates.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global persulfates market based on the below-mentioned segments: 

Global Persulfates Market, By Type

• Ammonium Persulfate
• Sodium Persulfate
• Potassium Persulfate

Global Persulfates Market, By End-Use Industry

• Plastics & Polymers
• Electronics
• Pulp, Paper & Textiles
• Water Treatment
• Oil & Gas
• Others

Global Persulfates Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa