The global persulfates market is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033, driven by increasing demand across various industries such as chemicals, cosmetics, and electronics. Persulfates are widely used as initiators in polymerization processes, bleaching agents in the textile and paper industries, and as disinfectants in the healthcare sector. Their versatility and effectiveness in a range of applications are fueling their growing adoption, particularly as industries look for more efficient and eco-friendly solutions. The continued expansion of the electronics industry, coupled with rising demand for high-performance materials, is likely to further bolster the market during the forecast period.
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.
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.
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 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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