The global persulfates market is projected to reach a value of USD 1,250 million by 2033, growing at a steady compound annual growth rate (CAGR) of 3.7% from 2023 to 2033. This growth is driven by increasing demand across various industries such as cosmetics, electronics, and textiles, where persulfates are utilized for their strong oxidizing properties. Additionally, the rising trend in the use of persulfates in polymerization processes and water treatment applications is contributing to the market’s expansion. As industries continue to prioritize effective and sustainable chemical solutions, the persulfates market is poised for steady growth in the coming years.
The market is expected to be driven by increased persulfate demand in the electronics industry as well as rising consumer preference in the paper, pulp, and textile industries. Electronics, polymers, and other industrial manufacturing processes were motivated by the 2021 laws’ ease of application.
The market for persulfates has grown more rapidly as a result of this. The potential for persulfates to generate revenue in the upcoming years will be driven by the development of the electrical and electronic sectors as well as the improved efficiency of polymers.
The US electronics market is the largest in the world in terms of size. Due to the utilisation of advanced technology, an increase in the number of R&D facilities, and a growth in consumer demand, it is likely to maintain its position as the market leader during the anticipated timeframe.
As a result, this component will significantly increase market revenue in North America. The development is attributed to the existence of a sizable number of plastic manufacturing industries in nations like China, Indonesia, and Malaysia.
Prominent Drivers of the Persulfates Market
- Rising Demand in Cosmetics and Personal Care: Persulfates are widely used as oxidizing agents in hair bleaching products, driving market growth in the cosmetics sector.
- Expanding Applications in Polymerization: The growing use of persulfates in the production of polymers, such as PVC and other synthetic materials, boosts market demand.
- Water Treatment Advancements: Persulfates are increasingly employed in water treatment processes for decontamination, promoting their adoption in environmental management.
- Growth in Electronics Manufacturing: The electronics industry uses persulfates in the etching and cleaning of circuit boards, supporting their growing demand.
- Demand in Textile Industry: Persulfates are utilized in textile processing, particularly in dyeing and bleaching, which fuels their demand in the fabric industry.
- Sustainability Trends: As industries move toward more sustainable and eco-friendly solutions, persulfates are gaining popularity due to their non-toxic, biodegradable nature.
- Technological Advancements: Ongoing research and development in persulfate formulations and applications are opening up new markets and enhancing their efficiency in existing uses.
Discover the Future of Persulfates Market with Our Detailed Report!
Key Market Players
Key players in the Persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.
- Evonik Industries AG announced the successful completion of its procurement of PeroxyChem in February 2020.
- Calibre Chemicals, an Indian specialty chemicals company, acquired RheinPerChemie GmbH from Evonik in September 2022.
- Everstone Capital, a Singapore-based firm, announced the acquisition of a majority stake in Calibre, a persulfate producer, in August 2021. With the help of Everstone’s substantial and strategic resources, this collaboration aims to transform Calibre from a family-owned company into a global manufacturer.
- United Initiator, an international persulfate manufacturer, launched its sodium persulfate plant in Huaibei, China, in October 2019. This new plant has a production capacity of 10,000 tons per year.
Key Segments Profiled in the Persulfates Market Survey
Persulfates Market by Type:
- Ammonium
- Sodium
- Potassium
Persulfates Market by End Use Industry:
- Polymers
- Electronics
- Pulp, Paper, And Textile
- Oil & Gas
- Water Treatment
- Others
Persulfates Market by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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