Persulfates Market Overview
Persulfates Market size is forecast to reach $862.83 million
by 2025, after growing at a CAGR of 3.40%
during 2020-2025. Persulfates are an inorganic compound with more oxygen than normal sulphates. It acts as an oxidizing agent and produced by the electrolysis of a sulfate solution. It is also known as peroxysulfate. It decomposes the material into harmless metal sulfates. Persulfates have many properties like current density, low temperature, strong oxidants with a temperate shelf life using acidic solution owing to oxidation of water. Increasing demand of persulfates in pulp, paper and textiles and the Cosmetics
& personal care industry is expected to drive the persulfates market during the forecast period.
The report: “Persulfates Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Persulfates Market Industry.
By Type: Ammonium Persulfate, Sodium Persulfate, Potassium Persulfate and Others.
By Application: Polymer Initiator, Oxidation, Bleaching and Sizing Agent, Enhanced Oil Recovery and Others.
By End User Industry: Polymers
, Pulp, Paper & Textile, Electronics
, Cosmetics & Personal Care, Oil & Gas, Water Treatment, Soil Remediation, and Others.
By Geography: North America, South America, Europe, APAC, and RoW
- Growing application of persulfates in cosmetics & personal care industry and rising demand of soil remediation techniques are expected to offer various lucrative opportunities for the growth of market.
- By end user industry, electronics segment is expected to dominate the market owing to the increase in the usage of persulfates in printed circuit boards to remove moisture.
- Asia Pacific dominated the persulfates market.
Persulfates Market Overview Segment Analysis - By Type
Sodium persulfate segment held a significant share in persulfates market in 2019. Sodium persulfate is a strong oxidizing agent and is used extensively in polymers. Moreover, it is used as an etchant and cleaning agent in PCB manufacturing. It is the second most expensive chemical after ammonium persulfate. The demand for sodium persulfate in cosmetics & personal care end-use industry is projected to grow at the highest rate during the forecast period. On the other hand, ammonium persulfate is a strong oxidizing agent with a slight acrid odor.
Persulfates Market Overview Segment Analysis - By Application
Bleaching and sizing agent segment held a significant share in persulfates market in 2019. Persulfates are used as bleaching agents in cosmetic & personal care products and in the pulp & and paper and textile industries. Persulfates are used as initiators in the emulsion polymerization reactions for synthesizing polymers of neopropene, polystyrene, acrylics, and polyvinyl chlorides. They are also used as initiators in the production of latex polymers used in applications such as paints, coatings, carpet backing etc. Another most common use of persulfates in the polymer industry is in the manufacturing of synthetic rubbers such as styrene butadiene and isopropene.
Persulfates Market Overview Segment Analysis - By End User Industry
Electronics segment held a significant share in persulfates market in 2019 growing at a CAGR of 3.58% during the forecast period. A persulfate also known as peroxysulfate, is a compound containing the anions of sulfur in normal tetrahedral geometry typical for S(VI) oxidation state. The persulfate salts are strong oxidizers. The growing demand of persulfates in electronics industry owing to usage in cleaning and etching of printed circuit substrates is projected to propel the persulfates market during the forecast period. Persulfates are used for surface cleaning of metals like brass, copper, nickel, aluminum, zinc, and titanium prior to coating, plating and adhesive bonding on electronic components, which is expected to boost the persulfates demand and stimulate its market.
However, with the ongoing COVID-19 outbreak, the end-use industries will be slowing down, except from some applications such as the gloves where latex polymer is used for manufacturing, polymer in food packaging and tissue papers. These slowing down of end-use industries will have an impact on the persulfate demand until 2021. China being the epicenter of COVID-19 has also impacted the persulfates market as more the 70% of the persulfates production capacity is in China.
Persulfates Market Overview Segment Analysis - Geography
Asia Pacific dominated the persulfates market with a share of more than 39%, followed by North America and Europe. In countries like China, India and Japan owing to the increasing demand from various end-user industries such as polymer, electronics, and cosmetics & personal care, the demand for persulfates has been increasing in the region. Growing preference of polymers over metals and rising consumer appliances demand in the region is boosting the polymer initiator sector in the region which is stimulating the persulfates market in the region
Persulfates Market Drivers
Increasing usage of persulfates in various end user industries
Ammonium persulfate is a strong oxidizing agent with a slight acrid odor. Under the cosmetics & personal care segment, ammonium, potassium, and sodium persulfates are used as oxidizing agents in hair colorants and lighteners. These persulfates are used as preservative agents in food and as initiators in polymerization reactions. They are also useful as boosters in the stimulation of oil & gas wells. In electronics, persulfates act as etching agents for zinc and Printed circuit boards
. They are also used as bleaching agents in cosmetic & personal care products and in the pulp & and paper and textile industries. Ammonium persulfate is used as a component of paper and paperboard in contact with aqueous, fatty, and dry foods and in cellophane films. Persulfates are also used for oxidative degradation of toxic substances and chemicals in waste water, which makes the water treatment process easy. Due to this, there is surge in the demand of persulfates for water treatment application.
Persulfates Market Challenges
Allergic reactions, irritations, and rhinitis associated with cosmetic products made from ammonium persulfate are anticipated to restrict the growth of ammonia persulfates to some extent. Precautionary measures are needed to be taken care of during the handling, storage, and disposal of persulfate compounds as they pose health hazards. Issues related to handling, storage, and transportation of persulfates is anticipated to hinder the growth of persulfates to some extent. Persulfates exposure in dust form might cause irritation in throat, lungs, nose eyes and skin. Prolonged exposure may lead to breathing issues leading to asthmatic effects.
Persulfates are slightly irritating to the human skin at higher concentrations. They cause irritation to the human skin and the respiratory tract of occupationally exposed individuals. Therefore, their usage is regulated in developed countries such as the U.S. The toxicity of potassium persulfates is mild, but continuous exposure to them can cause negative effects on human health. The adverse effects caused by exposure to potassium persulfates include cancer, issues related to one’s reproductive systems, etc. Sodium sulfate is a well-known substitute for potassium persulfate in few analytical processes due to the similar qualities that are seen in both compounds.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the persulfates market. In 2019, the market of persulfates has been consolidated by the top five players accounting for xx% of the share. Major players in the persulfates market are PeroxyChem, United Initiators, Mitsubishi Gas Chemical Company, Ak-Kim Kimya, Adeka Corporation and Fujian Zhanhua Chemical Company among others.
Geographical Expansion/ Acquisition
- In 2020, Evonik has acquired PeroxyChem, which is a manufacturer of hydrogen peroxide, peracetic acid and persulfates for USD 625 million.
- In 2019, United Initiators opened a new plant with 10 KT annual production capacity of sodium persulfates in Huaibei, China.
- In 2018, United Initiators entered into a joint venture with VR Persulfates from India for the manufacturing of persulfates.
- In 2017, PeroxyChem launched the Klozur series of sodium persulfate, as it is expected to be advantageous for use in-situ chemical oxidation (ISCO).