The Persulfates Market size was valued at USD 825 million in 2022. It is expected to grow to USD 1094.79 million by 2030 and grow at a CAGR of 3.6% over the forecast period of 2023-2030.
The increasing demand for polymers and plastics in various industries, such as automotive, packaging and construction, drives the need for persulfates as polymerization initiators. The rising adoption of electronic devices and the subsequent demand for printed circuit boards further fuel the market growth. Additionally, the growing awareness regarding water pollution and the need for effective water treatment solutions propel the demand for persulfates in this sector.
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Persulfates are salts of peroxydisulfuric acid, with the most common types being ammonium, sodium, and potassium persulfate. These compounds are highly soluble in water and possess excellent oxidative properties. Due to their stability and versatility, persulfates find extensive use in a wide range of industries.
The ammonium persulfates segment dominated the persulfates market with the highest revenue share of about 52% in 2021. The growth is attributed to the extensive range of applications that ammonium persulfate offers. Notably, it is widely utilized in various industries such as metal surface treatment, semiconductor manufacturing, and copper etching on printed circuit boards. Furthermore, its versatility extends to wastewater treatment, where it plays a crucial role, as well as serving as an initiator for the emulsion polymerization of acrylic monomers. Ammonium persulfate, commonly referred to as APS finds application in numerous commercial industries. Within the textile industry, it serves as a vital component for denim desizing and bleach activators. In the paper industry, APS is instrumental in the processes of de-inking and re-pulping. Moreover, its significance extends to the fields of molecular biology and biochemistry, where it acts as a reagent for the preparation of polyacrylamide gels.
Drivers
Increasing demand for persulfates in various industries
Increasing wastewater treatment projects
Persulfates are utilized by the water treatment industry to address various contaminants, including halogenated olefins, perfluorinated substances, phenols, pharmaceutical drugs, inorganics, and more. The increasing global focus on wastewater management initiatives is stimulating the growth of the water treatment sector, consequently driving the expansion of the persulfates market.
Restraint
High cost associated with the production and transportation of persulfates
Health concerns associated with the persulfates
The utilization of Persulfates presents numerous health hazards, leading to the implementation of various restrictions on their usage. For example, the New Jersey Department of Health and Senior Services has classified sodium persulfates as a hazardous substance due to their potential to cause irritation to the eyes, nose, and skin, as well as respiratory issues. Additionally, the raw materials involved in the manufacturing of persulfates, such as persulfuric acid, have detrimental effects on human health. Consequently, these aforementioned health concerns associated with the use of persulfates may impede the expansion of the persulfates market.
Opportunities
Development of innovative applications for persulfates
Challenges
Stringent regulations imposed by various governing bodies regarding the usage and disposal of persulfates
The Persulfates market has been negatively impacted by the Russia-Ukraine conflict. The war has caused supply chain disruptions, increased energy prices, and weakened consumer confidence. This has led to a decline in demand for Persulfates in both the industrial and consumer sectors. Russia and Ukraine are major producers of Persulfates, and the war has disrupted production and transportation. The Russia-Ukraine conflict has also had a negative impact on consumer confidence. Consumers are more likely to save their money and avoid spending on non-essential items during times of economic uncertainty. This has led to a decline in demand for Persulfates in the consumer sector. Disruptions have led to higher prices for Persulfates.
During a recession, consumer spending tends to decline, leading to a decrease in demand for goods and services. This reduction in demand can have a direct impact on the persulfates market. Industries that heavily rely on persulfates, such as cosmetics and electronics, may experience a decrease in production due to reduced consumer purchasing power. Consequently, the demand for persulfates in these sectors may decline, negatively affecting the market. Furthermore, a recession often leads to a decrease in investment and capital expenditure. This reduction in financial resources can hinder research and development efforts within the persulfates industry. As a result, innovation and the introduction of new products may be delayed, further impeding market growth.
By Type
Sodium Persulfate
Ammonium Persulfate
Potassium Persulfate
By End-use Industry
Polymers
Cosmetics & Personal Care
Pulp Paper & Textile
Electronics
Oil & Gas
Water Treatment
Soil Remediation
Others
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Asia Pacific dominated the Persulfates Market with the highest revenue share of about 47% in 2022. The growth is attributed to the presence of a multitude of plastic manufacturing industries in countries like China, Indonesia, and, Malaysia. Notably, Thailand's plastic production industry has experienced rapid expansion in recent years, boasting an impressive number of around 5,000 operating companies. China, on the other hand, stands as the largest global producer of plastics, accounting for approximately one-third of the world's plastic production. Astonishingly, China consumed a staggering 90.88 million tons of plastic in 2020 alone. The country is home to over 17,000 plastic factories, primarily concentrated in the Eastern and Central South regions. Furthermore, China proudly hosts some of the most prominent electronic manufacturing companies, including Lenovo, BOE Technology, and Huawei. The increasing demand for persulfates in the Asia Pacific region is also driven by end-use industries such as electronics, polymer manufacturing, and cosmetics & and personal care. Additionally, the forecast period anticipates significant growth in newer applications of persulfates, such as water treatment and soil remediation. The rising concerns surrounding soil pollution are expected to fuel the consumption of persulfates in soil remediation throughout the Asia Pacific region.
North America held a significant revenue share of the Persulfates Market and is expected to grow with a CAGR of about 3.8% during the forecast period. This is attributed to the strong presence of market leaders in the plastic industry, including ExxonMobil's chemical division and DoW Chemical in the United States. It is worth noting that the plastics industry ranks as the third-largest manufacturing sector in the country. Notably, the United States is a major producer of various polymers such as high-density polyethylene, low-density polyethylene, and linear low-density polyethylene.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Mitsubishi Gas Chemical Company, Inc., United Initiators, Fujian ZhanHua Chemical Co., Ak-Kim, Adeka Corporation, PeroxyChem, Yatai Electrochemistry Co. Ltd., UI VR Persulfates, RheinPerChemie, Hebei Jiheng Group, San Yuan Chemical Co. Ltd., Evonik Active Oxygens, and other key players mentioned in the final report.
In September 2022, Calibre Chemicals, a Mumbai-based company specializing in nutrition, pharmaceuticals, and personal care specialty chemicals, announced its definitive agreement to acquire RheinPerChemie GmbH (RPC) from Evonik, a leading global specialty chemical company.
In April 2022, Evonik's Active Oxygens business line unveiled a new sustainability strategy for its hydrogen peroxide (H2O2), peracetic acid, and persulfates. This strategy aims to reduce carbon emissions and enhance resource efficiency in production, with the ultimate goal of achieving climate neutrality across the business line by 2040.
| Report Attributes | Details |
| Market Size in 2022 | US$ 825 Mn |
| Market Size by 2030 | US$ 1094.79 Mn |
| CAGR | CAGR of 3.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Sodium Persulfate, Ammonium Persulfate, and Potassium Persulfate) • By End-use Industry (Polymers, Cosmetics & Personal Care, Pulp, Paper & Textile, Electronics, Oil & Gas, Water Treatment, Soil Remediation, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Mitsubishi Gas Chemical Company, Inc., United Initiators, Fujian ZhanHua Chemical Co., Ak-Kim, Adeka Corporation, PeroxyChem, Yatai Electrochemistry Co. Ltd., UI VR Persulfates, RheinPerChemie, Hebei Jiheng Group, San Yuan Chemical Co. Ltd., Evonik Active Oxygens |
| Key Drivers | • Increasing demand for persulfates in various industries • Increasing wastewater treatment projects |
| Market Restraints | • High cost associated with the production and transportation of persulfates • Health concerns associated with the persulfates |
Ans. The Compound Annual Growth rate for the Persulfates Market over the forecast period is 3.6%.
Ans. The projected market size for the Persulfates Market is USD 1094.79 million by 2030.
Ans: The polymers segment dominated the Persulfates Market with the highest revenue share of about 51.3% in 2022.
Ans: The growing awareness regarding environmental concerns and the need for sustainable solutions has led to the adoption of persulfates as an eco-friendly alternative. Their low toxicity and minimal impact on the environment as compared to the substitutes make them an attractive choice for many industries.
Ans: Yes, you can ask for the customization as per your business requirement.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Persulfates Market Segmentation, By Type
8.1 Sodium Persulfate
8.2 Ammonium Persulfate
8.3 Potassium Persulfate
9. Persulfates Market Segmentation, By End-use Industry
9.1 Polymers
9.2 Cosmetics & Personal Care
9.3 Pulp, Paper & Textile
9.4 Electronics
9.5 Oil & Gas
9.6 Water Treatment
9.7 Soil Remediation
9.8 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Persulfates Market by Country
10.2.2North America Persulfates Market by Type
10.2.3 North America Persulfates Market by End-use Industry
10.2.4 USA
10.2.4.1 USA Persulfates Market by Type
10.2.4.2 USA Persulfates Market by End-use Industry
10.2.5 Canada
10.2.5.1 Canada Persulfates Market by Type
10.2.5.2 Canada Persulfates Market by End-use Industry
10.2.6 Mexico
10.2.6.1 Mexico Persulfates Market by Type
10.2.6.2 Mexico Persulfates Market by End-use Industry
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Persulfates Market by Country
10.3.1.2 Eastern Europe Persulfates Market by Type
10.3.1.3 Eastern Europe Persulfates Market by End-use Industry
10.3.1.4 Poland
10.3.1.4.1 Poland Persulfates Market by Type
10.3.1.4.2 Poland Persulfates Market by End-use Industry
10.3.1.5 Romania
10.3.1.5.1 Romania Persulfates Market by Type
10.3.1.5.2 Romania Persulfates Market by End-use Industry
10.3.1.6 Hungary
10.3.1.6.1 Hungary Persulfates Market by Type
10.3.1.6.2 Hungary Persulfates Market by End-use Industry
10.3.1.7 Turkey
10.3.1.7.1 Turkey Persulfates Market by Type
10.3.1.7.2 Turkey Persulfates Market by End-use Industry
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Persulfates Market by Type
10.3.1.8.2 Rest of Eastern Europe Persulfates Market by End-use Industry
10.3.2 Western Europe
10.3.2.1 Western Europe Persulfates Market by Country
10.3.2.2 Western Europe Persulfates Market by Type
10.3.2.3 Western Europe Persulfates Market by End-use Industry
10.3.2.4 Germany
10.3.2.4.1 Germany Persulfates Market by Type
10.3.2.4.2 Germany Persulfates Market by End-use Industry
10.3.2.5 France
10.3.2.5.1 France Persulfates Market by Type
10.3.2.5.2 France Persulfates Market by End-use Industry
10.3.2.6 UK
10.3.2.6.1 UK Persulfates Market by Type
10.3.2.6.2 UK Persulfates Market by End-use Industry
10.3.2.7 Italy
10.3.2.7.1 Italy Persulfates Market by Type
10.3.2.7.2 Italy Persulfates Market by End-use Industry
10.3.2.8 Spain
10.3.2.8.1 Spain Persulfates Market by Type
10.3.2.8.2 Spain Persulfates Market by End-use Industry
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Persulfates Market by Type
10.3.2.9.2 Netherlands Persulfates Market by End-use Industry
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Persulfates Market by Type
10.3.2.10.2 Switzerland Persulfates Market by End-use Industry
10.3.2.11 Austria
10.3.2.11.1 Austria Persulfates Market by Type
10.3.2.11.2 Austria Persulfates Market by End-use Industry
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Persulfates Market by Type
10.3.2.12.2 Rest of Western Europe Persulfates Market by End-use Industry
10.4 Asia-Pacific
10.4.1 Asia Pacific Persulfates Market by Country
10.4.2 Asia Pacific Persulfates Market by Type
10.4.3 Asia Pacific Persulfates Market by End-use Industry
10.4.4 China
10.4.4.1 China Persulfates Market by Type
10.4.4.2 China Persulfates Market by End-use Industry
10.4.5 India
10.4.5.1 India Persulfates Market by Type
10.4.5.2 India Persulfates Market by End-use Industry
10.4.6 Japan
10.4.6.1 Japan Persulfates Market by Type
10.4.6.2 Japan Persulfates Market by End-use Industry
10.4.7 South Korea
10.4.7.1 South Korea Persulfates Market by Type
10.4.7.2 South Korea Persulfates Market by End-use Industry
10.4.8 Vietnam
10.4.8.1 Vietnam Persulfates Market by Type
10.4.8.2 Vietnam Persulfates Market by End-use Industry
10.4.9 Singapore
10.4.9.1 Singapore Persulfates Market by Type
10.4.9.2 Singapore Persulfates Market by End-use Industry
10.4.10 Australia
10.4.10.1 Australia Persulfates Market by Type
10.4.10.2 Australia Persulfates Market by End-use Industry
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Persulfates Market by Type
10.4.11.2 Rest of Asia-Pacific Persulfates Market by End-use Industry
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Persulfates Market by Country
10.5.1.2 Middle East Persulfates Market by Type
10.5.1.3 Middle East Persulfates Market by End-use Industry
10.5.1.4 UAE
10.5.1.4.1 UAE Persulfates Market by Type
10.5.1.4.2 UAE Persulfates Market by End-use Industry
10.5.1.5 Egypt
10.5.1.5.1 Egypt Persulfates Market by Type
10.5.1.5.2 Egypt Persulfates Market by End-use Industry
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Persulfates Market by Type
10.5.1.6.2 Saudi Arabia Persulfates Market by End-use Industry
10.5.1.7 Qatar
10.5.1.7.1 Qatar Persulfates Market by Type
10.5.1.7.2 Qatar Persulfates Market by End-use Industry
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Persulfates Market by Type
10.5.1.8.2 Rest of Middle East Persulfates Market by End-use Industry
10.5.2 Africa
10.5.2.1 Africa Persulfates Market by Country
10.5.2.2 Africa Persulfates Market by Type
10.5.2.3 Africa Persulfates Market by End-use Industry
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Persulfates Market by Type
10.5.2.4.2 Nigeria Persulfates Market by End-use Industry
10.5.2.5 South Africa
10.5.2.5.1 South Africa Persulfates Market by Type
10.5.2.5.2 South Africa Persulfates Market by End-use Industry
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Persulfates Market by Type
10.5.2.6.2 Rest of Africa Persulfates Market by End-use Industry
10.6 Latin America
10.6.1 Latin America Persulfates Market by Country
10.6.2 Latin America Persulfates Market by Type
10.6.3 Latin America Persulfates Market by End-use Industry
10.6.4 Brazil
10.6.4.1 Brazil Persulfates Market by Type
10.6.4.2 Brazil Africa Persulfates Market by End-use Industry
10.6.5 Argentina
10.6.5.1 Argentina Persulfates Market by Type
10.6.5.2 Argentina Persulfates Market by End-use Industry
10.6.6 Colombia
10.6.6.1 Colombia Persulfates Market by Type
10.6.6.2 Colombia Persulfates Market by End-use Industry
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Persulfates Market by Type
10.6.7.2 Rest of Latin America Persulfates Market by End-use Industry
11 Company Profile
11.1 Mitsubishi Gas Chemical Company, Inc.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 United Initiators
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Fujian ZhanHua Chemical Co.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Ak-Kim
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Adeka Corporation
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 PeroxyChem
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Yatai Electrochemistry Co. Ltd.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 UI VR Persulfates
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 RheinPerChemie
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Hebei Jiheng Group
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 San Yuan Chemical Co. Ltd.
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/ Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Evonik Active Oxygens
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/ Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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