Persulfates Market

Persulfates Market-Size-(2023-2028)

The Persulfates Market size is predicted to grow from USD 780.5 million in 2022 to USD 871.8 million in 2028, with a CAGR of 6.1% between 2023-2028

Persulfate is also known as peroxy sulfate, it is an inorganic compound that is easily soluble in water. It is prepared by electrolysis of its analogous sulfates at the high current density and low temperature. The dissolution of persulfate in water produces an acidic solution due to the oxidation of water. Persulfates act as strong oxidants with a moderate shelf life and can be very economical to use when stored properly.

Persulfate is water-soluble, has a strong oxidizing property, and is commonly employed as bleach and oxidizer. The electronics industry considers sodium persulfate to be an effective micro-engraver for the manufacture of printed circuit boards. The escalating call for persulfates in different end-use markets is predicted to drive the worldwide persulfates market at an encouraging rate throughout the forecast period. The polymers and electronics industry is predicted to prove to be the major revenue generator for the persulfates market throughout the forecast period 2020 to 2025 owing to the growing preference for polymers over metals and the growing call for consumer devices worldwide.

Persulfates Market Drivers & Restraints:

The expansion and development of the polymer industry along with the escalating consumption of persulfates in the cosmetics and personal care industry are some of the factors that are predicted to boost the worldwide persulfates market. There is an escalated call for persulfate from the paper, pulp and textile industries that positively influences the expansion of the market. Persulfates are widely employed in various industrial applications escalating the world market calls for persulfates. Its use as a bleach in the paper and textile industries is also boosting the worldwide market. Regulation plays an important role in the persulfate market in developed regions. The escalating use of persulfates in skin and hair care products coupled with the escalating use as a cleaning agent in soil remediation is predicted to drive the market expansion throughout the forecast period. Advances in the polymer industry coupled with the escalating consumption of persulfates in the cosmetics and personal care industry are vital factors that are predicted to drive the global persulfates market.

Persulphates are mildly irritating to human skin at higher concentrations. They cause irritation to the human skin and the respiratory tract of professionally exposed persons. Therefore, its use is regulated in developed countries such as the United States. The toxicity of potassium persulfate is mild, but continued exposure to them may have adverse effects on human health.

Opportunities in the Persulfates Market:

The approval for the utilization of persulfate in cosmetics & personal care products has generated an opportunity for the market to develop at a rapid pace.

Challenges in the Persulfates Market:

Problems related to persulfate transportation as they tend to lump when exposed to the environment are predicted to hamper the market expansion throughout the outlook period.

PERSULFATES MARKET REPORT COVERAGE:

Persulfates Market Segmentation:

Persulfates Market-By Type:

• Ammonium

• Sodium

• Potassium

The sodium persulfate segment is predicted to dominate the worldwide persulfate market throughout the forecast period. Sodium persulfate is a strong oxidizing agent and is widely employed in polymers.

Persulfates Market-By End-Use:

• Polymers

• Electronics

• Cosmetic & Personal Care

• Water Treatment

• Oil & Gas

Persulfates Market-By Application:

• Polymer Initiator

• Oxidation

• Bleaching

• Sizing Agent

_{Persulfates Market-By Region}

The Persulfates Market report includes the segmentation of Regions with their respective Countries.

• North America Persulfate Industry includes the U.S. and Canada.

• Europe Persulfates Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & the Rest of Europe.

• Asia Pacific Persulfates Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & the Rest of APAC.

• Latin America Persulfates Industry includes Brazil, Mexico, Argentina, Chile & the Rest of LATAM.

• The Middle East & Africa Persulfates Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The persulfate market in Asia-Pacific is predicted to grow at the highest CAGR between 2020 and 2025. Growing calls from end-use industries such as electronics, polymer manufacturing, cosmetics, and personal care are predicted to drive calls for persulfate in the APAC region. New persulfate applications, such as water treatment and soil remediation, are predicted to grow at high rates throughout the forecast period. Growing concerns about soil contamination are predicted to result in the consumption of persulfate in soil remediation in the APAC region. The Asia-Pacific area will experience further expansion in the persulfate market in the near future. China ranks second after India in the worldwide market due to its larger market share in the Asia-Pacific region. The government has taken initiatives to improve major exporters of polymer products; this is predicted to show exceptional market expansion in the near future. Rising population and escalating disposable income in these countries are also other factors driving the market in the Asia-Pacific. The favorable expansion of the polymer and electronics industries in this locale is predicted to boost the persulfate market.

The rapid urbanization and rapid expansion of manufacturing bases in the Latin America region are predicted to drive market expansion in the future. The pulp, paper, and textile industries are growing in the North American region, showing significant expansion in the persulfate market. Manufacturers in this region are investing heavily to expand their capabilities, which may lead to an expansion in the persulfates market in the future. Asia-Pacific is predicted to be one of the fastest-growing regions for the persulfate business. The expansion of the electronics industry, coupled with escalating calls from end-use industries such as paper and textiles, polymer manufacturing, pulp and cosmetics, and personal care, has boosted the regional market.

Recent Developments:

United Initiators officially started construction on the plant and held the ground-breaking ceremony for its new persulfate plant in the Hefei Circular Economy Demonstration Park. The Hefei Circular Economy Demonstration Park in Feidong was established on the outskirts of Hefei City in 2005 and provides first-class conditions for the safe and economical supply of energy and raw materials and facilities to cutting-edge technology for waste disposal. Eco-friendly.

Major market players in the persulfate market include:

1. Peroxychem

2. Vr Persulfates Private Limited

3. Fujian Zhanhua Chemical Company Limited

4. Mitsubishi Gas Chemical Company Incorp

5. E.I. Du Pont De Nemours & Company

6. United Initiators

7. Ak-Kim Kimya

8. Hebei Yatai Electrochemistry Company Limited

9. Adeka Corporation

10. Hebei Jiheng Group Company Limited.