Persulfates Market

Analysis from GMI Research finds that the Persulfates Market earned revenues of USD 780 million in 2021 and estimated to touch USD 1,043 million in 2029 will grow at a CAGR of 3.7% from 2022-2029

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Key Drivers

The increasing demand for persulfates across various end-use industries, including cosmetics & personal care, pulp, paper & textiles, polymers, pharmaceutical, oil & gas, and water treatment, is expected to propel the growth of the global persulfates market. Persulfates are one of the key components in many industrial processes and commercial products, including the use of ammonium persulfates as a bleaching agent and as a food preservative and ingredient for cosmetics formulations. Moreover, the growing demand for packaged food products and increasing demand of skin and personal care products are expected to boost market growth. Rising industrialization and urbanization has led to the growth in the demand for textiles, personal care, and electronic products among consumers. This factor is expected to boost the growth of the persulfates market owing to its wide range of applications, including use in cosmetic products, oxidative de-sizing of fabrics, treatment of metal surfaces, etching of copper on printed circuit boards, manufacturing of semiconductors , and activation of copper and aluminum surfaces treatment of metal surfaces.  However, various issues related to the storage and transportation of persulfates may hamper the growth of the persulfates market.

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Type – Segment Analysis

Based on type, the market is segmented into ammonium persulfate, sodium persulfate, and potassium persulfate. The sodium persulfate segment is projected to dominate the persulfate market during the forecast period. Sodium persulfates are used as key components in hair bleaches, hair lighteners, and hair dyes. The rise in the demand for cosmetics products globally is expected to contribute to the growth of the persulfates market.

End-Use Industry – Segment Analysis

Based on the end-use industry, the market is divided into polymer, electronics, cosmetic & personal care, pulp paper & textile, water treatment, oil & gas, soil remediation, and other industries. Among these, the water treatment segment is likely to grow at a higher CAGR during the forecast period, primarily due to the growing concerns regarding water sanitation and drinking water quality all across the world. Persulfates are used as oxidizing agents for the purification of water and waste water treatment.

Application – Segment Analysis

Based on application, the market is segmented into polymer initiator, oxidation, bleaching & sizing agent, and down-hole. The oxidation, bleaching & sizing agent segments are expected to grow at a faster CAGR in the persulfate market owing to the growing use of persulfate as an important oxidant for a variety of purposes that includes plating and coating processes, cleaning of aluminum, brass, copper, and many other metal surfaces. Additionally, the use of ammonium and sodium persulfates in the de-sizing and bleaching of textiles and the development of dyestuffs are further propelling the market growth.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to grow at a higher CAGR during the forecast period due to the increasing demand for persulfates among various end-use industries, including electronics, cosmetics & personal care, polymer manufacturing, and other industries. The increasing population and the growing disposable income in developing countries, including India, China, Sri Lanka, and Indonesia are expected to surge the demand for electronic goods, water sanitation, and cosmetic products, thereby fuelling the growth of the persulfates market in the Asia Pacific region.

Top Market Players

Various notable players operating in the global Persulfates market include Adeka Corporation, Fujian ZhanHua, Chemical Co., Ltd., Yatai Electrochemistry Co., Ltd., Merck KGaA, Lanxess, United Initiators, Hebei Jiheng (Group), Pharmaceutical Co.,Ltd., Mitsubishi Gas Chemical Company, Inc., DuPont De Nemours, Inc., and Vr Persulfates Private Limited, among others.

 Key Developments: 

• • In 2020, Evonik Industries AG, a German speciality chemicals company acquired the US based company PeroxyChem, which is a manufacturer of hydrogen peroxide, peracetic acid and persulfates. The acquisition will help in bringing additional growth opportunities for Evonik Industries AG in the market for persulfates and environmentally friendly disinfectants.
  • In 2019, United Initiators opened a new plant of sodium persulfates in Huaibei, China with the capacity of 10 ktons per annum Sodium Persulfate (SPS) plant Our direct-electrolysis-based, ammonia-free SPS product will address rapidly increasing demands from such applications as PCB etching, polymer production and various other non-polymer applications in China and Asia Pacific Region.
  • In 2018, United Initiators entered into a joint venture with VR Persulfates Pvt. Ltd., an India based company that manufactures persulfate salts. This joint venture is expected to benefit both the companies in enhancing their product portfolio and customer reach in Asia-pacific region.

Segments covered in the Report:

The global persulfates market has been segmented on the basis of type, end-use industry, application, and regions. Based on type, the market is segmented into ammonium persulfate, sodium persulfate, and potassium persulfate. Based on end-use industry, the market is segmented into aerospace, automotive, machinery, metal fabrication, electrical & electronics equipment, and others including medical devices, construction, consumer goods, and cleaning & maintenance.

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Key questions answered in this research report:

• • At what pace is global Persulfates market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Persulfates market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Persulfates market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What are the various end-use industry of global Persulfates market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 780 million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-Use Industry, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Adeka Corporation, Fujian ZhanHua, Chemical Co., Ltd., Yatai Electrochemistry Co., Ltd., Merck KGaA, Lanxess, United Initiators, Hebei Jiheng (Group), Pharmaceutical Co.,Ltd., Mitsubishi Gas Chemical Company, Inc., DuPont De Nemours, Inc., and Vr Persulfates Private Limited among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Persulfates Market by Type

• • Ammonium Persulfate
  • Sodium Persulfate
  • Potassium Persulfate

Global Persulfates Market by End-Use Industry

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

Global Persulfates Market by Application

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

Global Persulfates Market by Region

• • North America Persulfates Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Persulfates Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Persulfates Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Persulfates Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Persulfates Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Adeka Corporation
  • Fujian ZhanHua Chemical Co., Ltd.
  • Yatai Electrochemistry Co., Ltd.
  • Merck KGaA
  • Lanxess
  • United Initiators
  • Hebei Jiheng (Group) Pharmaceutical Co.,Ltd.
  • Mitsubishi Gas Chemical Company, Inc.
  • DuPont De Nemours, Inc.
  • Vr Persulfates Private Limited