Persulfates Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Persulfates Market is Segmented By Type (Sodium Persulfate, Potassium Persulfate, Ammonium Persulfate), By Application (Initiators, Oxidation, Adhesive Preparation, Enhanced Oil Recovery, Mineral Separation, Photographic applications, Desizing & Bleaching, Others), By End-User (Paper & Pulp Polymers, Electronics, Cosmetics, Oil & Gas, Water Treatment, Textile, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2029

Persulfates Market Size, Demand Insights

The global persulfates market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2023-2029.

Persulfates Market Scope and Summary

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Persulfates are strong oxidants, have an excellent shelf life, and are economical to use. Persulfates are essential components in many industrial processes and commercial products. Persulfates serve as an initiator for emulsion polymerization reactions in preparing polystyrenes, acrylics, polyvinyl chlorides, and neoprene. It is used as a polymerization initiator in manufacturing synthetic rubber for automotive tires.

Persulfate initiation is also utilized to prepare latex polymers for paints, coatings, and carpet backing. In the case of soil stabilization, like near buildings and dams, ammonium persulfate is used in chemical grout systems as a curing agent. The most common persulfate compounds are potassiu, ammonium, and sodiumte. Persulfate has applications in enhanced oil recovery, dispersants for toner formulations, ink jetting, and metal bonding adhesives and adhesive films; in many photographic applications, such as solution regeneration, bleaching solutions, and wastewater treatment; in nickel and cobalt separation processes and sizing of paper.

Source: DataM Intelligence Analysis (2023)

Persulfates Market Dynamics and Trends

The global persulfates market is expected to boost with demand for an effective solution for waste & groundwater treatment.

Effective solution for waste & groundwater treatment

The global water situation continues to deteriorate. Currently, 770 million people in the globe do not have access to improved water sources and 2.5 billion people do not have access to basic sanitation. Many new dangerous substances enter the water bodies regularly through the effluents of various manufacturing units or by increased usage of multiple chemicals in households, service providers, etc. Complex molecules that are bio-refractory are present in the substances. As a result, they obstruct biological wastewater treatment processes and are incapable of being destroyed by biological processes. As a result, it's critical to look into new water and wastewater remediation approaches.

The persulfate ion is a strong oxidant with high oxidation potential and, upon activation, can deliver free sulfate radicals, which are even more potent oxidants. Therefore, they can degrade various pollutants, even those with high toxicity and persistence, in wastewater, surface, and groundwater. Companies are utilizing persulfate to analyze and treat water pollution. For instance, In 2021, Electro-Chemical Devices launched two highly reliable solutions for measuring total organic carbon levels in the water. The ECD Model 3S TOC Analyzer measures TOC with UV persulfate oxidation method with carbon dioxide detection by nondispersive infrared absorption.

Need for extra care during transport and handling of persulfates

The U.S. Department of Transportation classifies persulfates as oxidizers and regulates them as hazardous materials for air, water, and rail transport. The "Code of Federal Regulation – Title 49" facts specific requirements for packaging, labeling, marketing, and describing these materials for shipment. Persulfates should be stored following the National Fire Protection Association's 430 Code for the Storage of Solid and Liquid Oxidizers. Overheating or contamination of persulfates can result in runaway decomposition. Persulfates decompose to develop solid sulfate salts and emit noxious fog or fumes of NOx and SOx.

Persulfate crystals should not be discarded in trash bins. Contacting moisture, contaminants, and reducing agents can initiate a persulfate decomposition. Persulfate crystals which evolve into a waste material, are classified as hazardous waste because they are oxidizers.

COVID-19 Impact on Persulfates Market Growth

COVID-19 has negatively impacted the growth of the persulfates market. Pesulfates are widely utilized in various industries, including oil & gas, cosmetics, electronics, paper & pulp, textile, and others. The majority of the associated end-user sectors have faced a downfall during the COVID, which has impacted the persulfates market. The oil & gas industry, which utilizes persulfates for enhanced production, was also negatively impacted by COVID. As a result of lockdowns, oil consumption fell by 10% in March and 30% in April. The pandemic has considerably affected the electronics industry because of the supply chain disruptions of electronics. Moreover, the cosmetics retail sector fell drastically in 2020.

Persulfates Market Segment and Shares Analysis

The global persulfates market is segmented by type, application, end-user, and region.

The ability of sodium persulfate to offer solutions in various applications will boost its market growth

Based on type, the global persulfate market is segmented into potassium persulfate, sodium persulfate, and ammonium persulfate.

Sodium persulfate is a bleach that can be used alone (for example, in hair cosmetics) or as part of a detergent. It's used to pickle copper and other metals, and it's a substitute for ammonium persulfate in etching mixes for zinc and printed circuit boards. It can be used as an activator for emulsion polymerization reactions and rapid curing of low-formaldehyde adhesives since it is a source of free radicals. Sodium persulfate is also employed as a soil conditioner and produces dyestuffs, starch modification, bleach activator, oxidative desizing agent, and other products.

For emulsion polymerization reactions such as acrylonitrile butadiene styrene, detergent component, soil conditioner, and soil remediation, sodium persulfate is employed as a radical initiator. In addition, it is utilized to make diapocynin from apocynin. It aids in converting phenols to para-diphenols in alkaline solutions and the conversion of arylamines to aminophenols. Among all the persulfate salts typically manufactured, the sodium form has been the most widely used for environmental applications. Sodium persulfate can in-situ destruct chlorinated and non-chlorinated organic compounds encountered in contaminated soil and groundwater. Sodium persulfate can be catalyzed with acid, iron, base, and heat. It allows sodium persulfate to be effective over various subsurface conditions.

Source: DataM Intelligence Analysis (2023)

Persulfates Market Geographical Analysis

Expanding electronics and cosmetics industry in Asia-Pacific will boost the sales of persulfates

Asia-Pacific region holds a majority of the market share for the persulfates market globally. Persulfates have been gaining demand from various industries, including electronics, cosmetics, water treatment, and polymers. The cosmetics retail sales value in China rose to US$ 52.3 billion in 2020, making it the second-largest beauty and personal care product market. China's market has expanded by over 150% between 2012 and 2020. The electronics sector is one of the fastest-growing across the region. The Indian electronics market is expected to be second after China, followed by South Korea, Vietnam, and Taiwan.

The Indian government focuses on manufacturing electronics hardware within India, with initiatives like the Make in India and the Digital India programs. The initiatives promote domestic manufacturing and exports across the electronics system design and manufacturing (ESDM) value chain. Hence, various leading companies in the market are interested in investing in the region's growth.

For instance, in 2019, United Initiators constructed its new manufacturing site for Sodium Persulfate with a capacity of 10 kilotons per annum in China. The site serves as a key foundation stone for various multi-year mega-site build-up efforts in Huaibei, China. Upon completion, our Huaibei site will be the most important regional manufacturing base for the company, serving the growing China and Asia Pacific Market over the next decade.

Source: DataM Intelligence Analysis (2023)

Persulfates Companies and Competitive Landscape

The global persulfates market is extremely competitive and fragmented because of the ease of manufacturing. Major players in the market include ABC Chemicals Co. Ltd, LANXESS, Adeka Corporation, CHEMetrics Inc., Fisher Scientific, Evonik Industries AG, Shaanxi Baohua Technologies Co. Ltd, Mitsubishi Gas Chemical Company Inc., VR Persulfates Pvt. Ltd, Shanghai Ansin Chemical Co. Ltd, Stars Chemical Co. Ltd, and United Initiators, among others. The players in the market are known to incorporate numerous market strategies to achieve growth in the global persulfates market; these include expansions, acquisitions, and product launches.

Evonik Industries AG

Overview: Evonik is a global leader in specialty chemicals. The company is active in over 100 countries worldwide and has around 32,000 workers. Evonik Active Oxygens, a subsidiary of Evonik AG, is a leading manufacturer of persulfates, remediation technologies, and adjacent chemistries. With persulfate manufacturing locations in Tonawanda, New York, U.S., and at RheinPerChemie GmbH in Germany, the company produces high-quality persulfate products.

Type Portfolio: KLOZUR SP is a highly soluble, environmental-grade sodium persulfate. Klozur SP provides a combination of oxidative power and control that can be delivered safely and cost-effectively.

Key Development: In 2020, Evonik completed the acquisition of PeroxyChem for US$ 640 million. In 2019, PeroxyChem generated US $300 million in sales and an adjusted EBITDA of over US 64 million.

Why Purchase the Report?

• To visualize the global persulfates market segmentation by type, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities in the global persulfates market by analyzing trends and co-development.
• Excel data sheet with numerous data points of persulfates market-level with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Type mapping available in excel consists of key products of all the major market players

The global persulfates market report would provide approximately 61 tables, 62 figures, and almost 215 pages.

Target Audience 2023

• Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Raw Material Providers
• Polymer Companies
• Water Treatment Companies
• Research Professionals
• Emerging Companies
• Manufacturers
• Logistics companies
• Distributors

Frequently Asked Questions

What is the Projected CAGR value of the Persulfates Market?

The Persulfates Market is expected to grow at a high CAGR from 2023 to 2029.

Which region controlled the global market during 2023-2029?

North America region Controls the Persulfates Market during 2023-2029.

Which is the fastest-growing region in the Persulfates Market?

Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.