Persulfates are chemical compounds that act as strong oxidizing agents. These are present in salt forms of potassium, sodium, and ammonium as persulfates and peroxomonosulfates. There are ample opportunities of persulfates application in various industrial sectors, such as polymer industry for acrylics and neoprene; electrical industry for printed circuit boards; gas and oil industry, textiles, photography, cosmetics, and environmental applications. As per the future market, the outlook is foreseen by IndustryARC’s business intelligence report, the presence of oxidation potential values in persulfates compared to permanganates is the driving force in this market. Also, the persulfate market is growing at a CAGR of 6% during the forecast period from 2018 to 2023.
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(2018 - 2023).
In this market research report, the end-user industrial segment comprises of polymer, electrical, oil and gas, cosmetics, photography, and others. The prosperity of the cosmetics industry is the key driver of the global persulfate market. There are three different type segments of persulfates: potassium, sodium, and ammonium. The ammonium persulfate segment is forecasted to lead the market during the aforementioned forecast period.
Global Per Sulphate Market: Competitive Landscape
United Initiators is a California-based company and is leading producer of persulfates, catering to clients in Europe and Asia. Business insights of the company state that it produces water-based polymers for wide applications of polymer-based products. Some of their key products are ammonium peroxodisulfate (APS), which is used for coating application, and thermoplastics. Their product: potassium peroxodisulfate (KPS) is used for the high oxidative water treatment process. The extra feature of CAROAT product is microbiological protection and oxidation potential that is used for more applications like textile finishing, chemical synthesis, paper manufacture, effluent treatment, plaster additives, and so on. These favorable traits of the products are the factors that are stroking the persulfate market demand. Their products have a shelf life of 12 months under dry conditions as most of persulfates are hygroscopic in nature.
VR Persulfates Pvt. Ltd. is a manufacturing company located at Changodar near Ahmedabad in India. The company manufactures ammonium, potassium, and sodium persulfates and potassium mono persulfate. These products also exhibit a shelf life of 12 months and should be stored under dry conditions. In accordance with the analysis of the products specified in this business report, the company is categorized to produce products in 25kgs of HDPE bags and above 500 kg quantity in woven bags.
MGC (Mitsubishi Gas Chemical) is Japan’s largest chemical company producing persulfate products for plastic industry and etchants for electrical printed board circuits. Their products are ammonium persulfates, potassium persulfate, and NPE -300. Their NPE-300 product is specially made for etching on printed board circuits. The electronics segment under the persulfate market’s end-user industry is forecasted to lead in terms of market growth.
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Peroxy chem is the top persulfates manufacturer and supplier across the globe. It is a part of FMC Corporation, which is a leading chemical company headquartered in the U.S. Apart from sodium, potassium, and ammonium persulfates products, their product ‘Klozur’ per sulfate consists of high-quality products for oxidation and treating of soil and groundwater contaminants. The products of Klozur are Klozur Sp, Klozur One, Klozur Cr, and Klozur Kp, which act on low to highly contaminated soil treatments. Their action of power lasts up to one year after application to the contaminants.
Thus, the persulfate market size is increasing because of demand from different applications industry. It has an enormous range of applications which is forecasted to lead the market towards exponential growth. Various chemical companies are participating by creating awareness using advertisements in the market of persulfates markets. After an acute analysis of the business insights, the major companies are forecasted to be filled with novel cost-effective products in the future.
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