Persulfates are used in end-use industries such as a polymer, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, oil & gas, and soil remediation, among others. The increasing capacity additions by polymer manufacturing companies in the recent past have increased the use of persulfates, which are used as an initiator during the polymerization reaction. However, there has been a plastic demand setback due to lower consumption in China. The demand for persulfates in these end-use industries is projected to grow at a relatively slow rate in the coming years due to economic slowdown and the impact of COVID-19. For the impact of COVID-19 will be seen for the FY-2019-2020 and 2020-2021 as the growth of the persulfates for these years will be slowed down. China is the largest producer and exporter of persulfates in the world, and COVID-19 has resulted in a temporary closure of manufacturing plants in China.
The global persulfate market size is estimated to grow from USD 730 million in 2020 to USD 861 million by 2025, at a CAGR of 3.4% from 2020 to 2025.
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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. It is used as an initiator in manufacturing acrylonitrile butadiene styrene (ABS) and a substitute for ammonium persulfate in etching electronic substrates. Furthermore, it is one of the commonly used ingredients in cosmetic products. The growth of the cosmetics & personal care industry is expected to drive the demand for sodium persulfate globally during the forecast period.
The persulfates market in the Asia Pacific is expected to grow at the highest CAGR between 2020 and 2025. Increasing demand from end-use industries such as electronics, polymer manufacturing, and cosmetics & personal care is expected to drive the demand for persulfates in APAC. Newer applications of persulfates such as water treatment and soil remediation are projected to grow at high rates during the forecast period. Increasing concerns regarding soil pollution are expected to boost the consumption of persulfates in soil remediation in APAC.
Key companies profiled in the persulfates market research report include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan) and Fujian Zhanhua Chemical Company (China).
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