Persulfates Market - Forecast(2024 - 2030)

Report Code: CMR 0742 Report Format: PDF + Excel

Persulfates Market Overview

The Persulfates Market size is estimated to reach US$750.6 million by 2027, after growing at a CAGR of 3.5% during the forecast period 2022-2027. The growth of the electrical and electronics industry is the primary factor driving the growth of the market. According to Japan Electronics and Information Technology Industries Association (JEITA), in 2020, global electrical and electronics production was US$3,033.7 billion and in 2021 it reached US$3,330.6 billion, an increase of about 9.8%. A persulfate is a substance that contains the peroxide group. Persulfates, including sodium persulfate and potassium persulfate, have various beneficial properties, including current density, low temperature, strong oxidants and moderate shelf life using an acidic solution. In 2020, the supply chain disruption, restriction on movement and other similar measures adopted due to the Covid-19 pandemic restricted the growth of the persulfates industry. In 2021, the ease of regulations fueled industrial production activities, including electronics, polymers and more. This, in turn, accelerated the growth of the persulfates industry. The growth of the electrical & electronics industry, surging production of polymers and more will expand the persulfates market size growth in the upcoming years.

Report Coverage 

The "Persulfates Market Report Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Persulfates Market. 

By Type: Ammonium, Sodium and Potassium.
By Application: Polymerization Initiators, Oxidation Agent, Printed Circuit Boards, Structural Materials and Others. 
By End-use Industry: Polymers (Acrylics, Polyvinyl Chlorides, Polystyrenes, Neoprene and Others), Building & Construction (Residential, Commercial, Industrial and Infrastructure), Cosmetics & Personal Care (Hair Care, Perfumes & Fragrance and Others), Oil & Gas, Electrical & Electronics, Pulp & Paper, Water Treatment and Others. 
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways 

  • Asia-Pacific dominated the Persulfates Market, owing to the growth of the electrical & electronics industry in the region. According to Invest India, in 2014-15, India’s electronics production was US$29 billion and in 2020-21 it reached US$67 billion, an increase of more than double. 
  • The ongoing research & development for the advancement of the Persulfates will create an opportunity for market growth in the coming years. 
  • The surging adoption of Persulfates as a peroxymonosulfate in water treatment projects is driving market growth. 
  • The health concerns associated with the use of Persulfates will restrict the market growth during the forecast period.

Figure: Persulfates Market Revenue Share, by Geography, 2021 (%) 

Persulfates Market

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Persulfates Market Segment Analysis – by Type 

The sodium segment held the significant Persulfates Market share in 2021 and is expected to grow at a CAGR of 3.7% during the forecast period 2022-2027. The sodium persulfate decomposition to release oxygen and produce sodium pyrosulfate can occur slowly at room temperature, after heating, or quickly in ethanol. Thus, it is frequently employed in polymers as an oxidizing agent. Additionally, sodium persulfate is also used in the production of printed circuit boards (PCBs) as an etchant and cleaning agent. Also, potassium persulfate is less soluble and may cost more compared to sodium persulfate. Thus, due to the above-mentioned benefits of sodium persulfate, its adoption is increasing in various end-use industries, including polymers, electronics and more. This factor is accelerating the persulfates market growth. 

Persulfates Market Segment Analysis – by End-use Industry 

The electrical and electronics segment held a significant Persulfates Market share of more than 20% in 2021. Sodium persulfate is deployed in the electrical & electronics industry since it is an efficient microetchant in the manufacturing of printed circuit boards. The surging technological advancements, expanding facilities related to electronics and more are key determinants for the growth of the electrical and electronics industry. For instance, according to Growth from Knowledge (GRK) in September 2021, in the first quarter of 2021, the value of the global consumer electronics market increased by 18% to US$42.8 billion. The increase in electronic production was the cause of this expansion. Hence, the surge in electronics production is expected to boost the demand for persulfates. This, in turn, will propel the market growth in the coming years. 

Persulfates Market Segment Analysis – by Geography 

Asia-Pacific is the dominating region as it held the largest Persulfates Market share in 2021 up to 35.5%. The sectoral growth of Asia-Pacific economies is been fueled by the growth of various industries such as electrical & electronics, polymers and more. Factors such as government policies aiding the electronics industry, emerging economies, technological advancement and more factors are vital to the electronics industry's growth in the Asia-Pacific. For instance, according to Japan Electronics and Information Technology Industries Association (JEITA), in 2020, the total electronics production in Japan was ¥9,964,769 million (US$93,389.82 million) and in 2021, it was ¥10,954,346 million (US$99,772.18 million), an increase of 9.9%. Therefore, the growth of the electronics industry in Asia-Pacific is accelerating the demand for persulfates.

Persulfates Market Drivers 

Surging Wastewater Treatment Projects 

Persulfates are utilized in the water treatment industry for the treatment of a wide variety of impurities, such as halogenated olefins, perfluorinated chemicals, phenols, pharmaceuticals, inorganics and more. The surge in wastewater treatment projects at the global level is fueling the growth of the water treatment industry. For instance, the construction of the Philippines Aglipay Sewage Treatment Plant in Mandaluyong began in 2020. It will meet stringent national standards that go beyond EU requirements in terms of reducing negative effects on Manila Bay and the Pasig River, as well as its environmental footprint. The project is currently under development, with a completion date of early 2024. Furthermore, the construction work for the future development wastewater treatment project the "New Upper Thompson Sanitation District Wastewater Treatment Facility" will begin in the U.S by 2023. Such projects are fueling the demand for persulfates, thereby, driving market growth. 

Surging polymers Production 

Potassium Persulfate is employed as a polymerization initiator in the manufacturing of various polymers such as vinyl, neoprene and more. The factors such as surging demand from the packaging industry enhance the demand from the transport industry to ensure superior durability & flexibility and to others. These factors are accelerating the polymers industry's growth. According to the Chemicals and Petrochemicals Manufacturers' Association (CPMA), in 2020, the production of polymers in India was 12.35 million tons and in 2021, it was 13.54, an increase of 9.63%. Thus, the surging production of polymers is fueling the demand for persulfates, which, in turn, is accelerating market growth. 

Persulfates Market Challenges 

Health Concerns related to Persulfates 

The use of Persulfates has several health hazards, due to which there are several restrictions imposed on the use of persulfates. For instance, the New Jersey Department of Health and Senior Services has listed sodium persulfates under the hazard substance list because they can cause irritation to the eyes, nose and skin and cause breathing problems. Moreover, raw materials such as persulfuric acid which is used in the manufacturing of persulfates have adverse health impacts. Therefore, the above-mentioned health concerns associated with the use of persulfates may restrict the growth of the persulfates industry during the projected forecast period of 2022 to 2027.

Persulfates Industry Outlook 

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Persulfates Market. The top 10 companies in the Persulfates market are: 

  1. Mitsubishi Gas Chemical Company
  2. Ak-Kim Kimya
  3. Adeka Corporation
  4. Fujian Zhanhua Chemicals 
  5. Evonik Industries AG 
  6. United Initiators 
  7. Peroxy Chem 
  8. Stars Chemical 
  9. Ak-kim Kimya 
  10. Lanxess 

Recent Developments: 

  • In August 2021, Everstone Capital, a Singapore-based company, announced the purchase of a majority stake in Calibre, a manufacturer of persulfates. This partnership seeks to transform Calibre from a family-owned company into a global player with the assistance of the significant and strategic resources of Everstone. 
  • In February 2020, Evonik Industries AG, a chemical manufacturing company based in Germany, acquired PeroxyChem, a U.S. manufacturer of persulfates for US$640 million. This acquisition focused on the expansion of Evonik Industries AG in the U.S. market. 
  • In October 2019, United Initiator, a global manufacturer of persulfates, opened its sodium persulfate in Huaibei, China. This new plant has a manufacturing capacity of 10,000 tons per annum. 

Report Code: CMR 0050

Report Code: CMR 1201

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1. Persulfates Market - Overview
    1.1 Definitions and Scope
2. Persulfates Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Persulfates Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Persulfates Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Persulfates Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Persulfates Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Persulfates Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Persulfates Market - by Type (Market Size – US$ Million/Billion)
    8.1 Ammonium
    8.2 Sodium
    8.3 Potassium
9. Persulfates Market - by Application (Market Size – US$ Million/Billion)
    9.1 Polymer Initiator
    9.2 Oxidation Agent
    9.3 Printed Circuit Boards
    9.4 Structural Materials
    9.5 Others
10. Persulfates Market - by End-use Industry (Market Size – US$ Million/Billion)
    10.1 Polymers
        10.1.1 Acrylics
        10.1.2 Polyvinyl Chlorides
        10.1.3 Polystyrenes
        10.1.4 Neoprene
        10.1.5 Others
    10.2 Building & Construction
        10.2.1 Residential
        10.2.2 Commercial
        10.2.3 Industrial
        10.2.4 Infrastructure
    10.3 Cosmetics & Personal Care
        10.3.1 Hair Care
        10.3.2 Perfumes & Fragrance
        10.3.3 Others
    10.4 Oil & Gas
    10.5 Electrical & Electronics
    10.6 Pulp & Paper
    10.7 Water Treatment
    10.8 Others
11. Persulfates Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 the USA
        11.1.2 Canada
        11.1.3 Mexico
   11.2 Europe
        11.2.1 the UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        11.5.2 Africa
   South Africa
   Rest of Africa
12. Persulfates Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Persulfates Market – Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key End-use Industry Industry - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Persulfates Market – Key Company List by Country Premium Premium
15. Persulfates Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
*"Financials would be provided to private companies on best-efforts basis."
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