Persulfates Market was valued at USD 780 million in 2021 and is projected to reach USD 1,043 million in 2029, growing at a CAGR of 3.7% during 2022-2029
The factors driving the growth of the Persulfates Market includes increasing application of persulfates in the end-use industries such as cosmetics & personal care, pulp, and paper & textiles, rising demand for packaged food products, growing concerns related to soil pollution and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, strict regulations imposed by Government regarding the manufacturing of cosmetic products, rising preference for polymers over metals, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Persulfates Market size. In addition, the rising investments by major players on research and development and growing disposable incomes, are further contributing towards the market growth.
However, growth of the Persulfates Market is hindered due to problems associated with storage and transportation of persulfates.
The leading players operating in the market are Merck KGaA, Lanxess, United Initiators, Hebei Jiheng (Group), Adeka Corporation, Fujian ZhanHua, Chemical Co., Ltd., Pharmaceutical Co., Ltd., Mitsubishi Gas Chemical Company, Inc., DuPont De Nemours, Inc., Yatai Electrochemistry Co., Ltd., and Vr Persulfates Private Limited, among others.
Based on Type, the Sodium Persulfate segment is predicted to capture the largest market share during the forecast period
According to the Persulfates Market Report, increasing application of sodium persulfates in hair bleaches, hair lighteners, and hair dyes products, is propelling Persulfates Market share.
Based on End-Use Industry, the Water Treatment segment is projected to grow at a robust CAGR over the forecast period
Increasing application of ammonium and sodium persulfates in de-sizing and bleaching of textiles, is pushing segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Persulfates Market Forecast, presence of the leading players such as Hebei Jiheng (Group), Adeka Corporation, Fujian ZhanHua and Mitsubishi Gas Chemical Company, growing demand for cosmetic products and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
- In 2020, Evonik Industries AG, a German speciality chemicals company completed the acquisition of PeroxyChem, which is a manufacturer of hydrogen peroxide, peracetic acid and persulfates.
- In 2019, United Initiators inaugurated a new plant of sodium persulfates in Huaibei, China with the capacity of 10 ktons per annum Sodium Persulfate (SPS) plant Our direct-electrolysis-based, ammonia-free SPS product will cater the increasing demands from such applications as PCB etching, polymer production and various other non-polymer applications in China and Asia Pacific Region.
Market Segmentation
Segmentation by Type
- Ammonium Persulfate
- Sodium Persulfate
- Potassium Persulfate
Segmentation by End-Use Industry
- Polymers
- Electronics
- Cosmetics & Personal Care
- Pulp, Paper & Textile
- Water Treatment
- Oil & Gas
- Soil Remediation
- Others
Segmentation by Application
- Polymer Initiator
- Oxidation, Bleaching & Sizing Agent
- Down-hole
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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