The global persulfates market is predicted to be valued at US$ 869.7 million in 2023, with a compound annual growth rate (CAGR) of 3.7% expected between 2023 and 2033. This is owing to rising persulfate usage in major end-use sectors such as plastics and electronics.
Rising demand for persulfates in the electronics industry, as well as increased preference in the paper, pulp, and textile sectors, are expected to drive the market. Electronics, polymers, and other industrial manufacturing operations were inspired by the easing of restrictions in 2021.
As a result, the persulfates market has expanded. Persulfates sales potential will be driven in the next years by the expansion of the electrical and electronics industries, as well as the enhanced efficiency of polymers.
The US electronics market is the largest in the world in terms of size. It is expected to be the market leader over the forecast period due to the adoption of sophisticated technology, an increase in the number of R&D centers, and increased consumer demand.
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As a result, this element will create significant revenue for the North American market. The development is attributed to the presence of a significant number of plastic manufacturing sectors in countries such as China, Indonesia, and Malaysia.
Key Takeaways from Market Study
- Asia Pacific has emerged as the dominant region, accounting for more than 45.5% of revenue in 2021
- In 2022, the polymers segment led the market, accounting for more than 51% of total revenue
- In 2021, the ammonium segment dominated the industry with overall revenue of more than 50.5%
- Over the forthcoming years, North America is expected to grow at a revenue-based CAGR of 3.8%
- As reported by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), polymer production in India was 12.35 million tons in 2020 and 13.54 million tonnes in 2021.
“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry” says an analyst at Future Market Insights.
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.
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Key Segments Profiled in the Persulfates Market Industry 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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Future Market Insights, in its new offering, presents an unbiased analysis of the global Embolization Coils market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033. The study reveals essential insights on the basis of Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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