Enjoy complimentary customisation on priority with our Enterprise License!
The persulfates market size is forecast to increase by USD 167.5 million, at a CAGR of 3.6% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of persulfates in various industries. In wastewater treatment, persulfates are extensively used as a powerful oxidizing agent for etching copper in the etching industry and as a bleaching agent in denim desizing. In addition, persulfates find extensive applications in emulsion polymerization for producing acrylic monomers, which are essential in the production of detergent components and polymeric coatings. Furthermore, the market is witnessing a growing emphasis on battery recycling, where persulfates are used as a crucial component in the re-pulping process. However, the use of persulfates in molecular biology and biochemistry, such as in the preparation of Polyacrylamide gels, presents health risks. In hair cosmetics, persulfates are used as bleaching agents, but their usage is limited due to the potential health hazards. Moreover, the increasing focus on reducing pollutants in concrete formulations and graphite filaments is expected to challenge the market growth. Overall, the market for persulfates is expected to witness steady growth, driven by its diverse applications in various industries, despite the challenges posed by health risks and environmental concerns.
Request Free Persulfates Market Sample
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The polymers segment is estimated to witness significant growth during the forecast period. Persulfates play a significant role in various industries, including electronics, paper and pulp, textile, and water treatment. In the Electronics industry, persulfates are used as oxidizing agents for the production of halogenated olefins and perfluorinated substances. In the paper and pulp industry, they are employed for the bleaching process to remove lignin and other contaminants. In the textile industry, persulfates are utilized for the desizing and scouring processes to improve fabric quality.
Get a glance at the market share of various regions Download the PDF Sample
The polymers segment was valued at USD 405.50 million in 2018. In Water Treatment, they are effective in removing phenols, Pharmaceutical drugs, Inorganics, and other contaminants. In the Polymer industry, persulfates are indispensable for initiating the polymerization of monomers such as acrylics, vinyl monomers, and styrenics. Potassium persulfate is widely used as a polymerization initiator in the production of architectural coating emulsions, which are vital for creating durable and high-quality coatings used in construction and decorative applications. Its ability to generate radicals under different temperatures and pH levels makes it highly versatile for numerous polymerization processes. However, due to its hazardous nature, proper handling and safety measures are essential when using persulfates.
For more insights on the market share of various regions Request Free Sample
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Persulfates Market is experiencing significant growth, particularly in the Asia-Pacific (APAC) region, due to the region's rapid industrialization and expanding manufacturing capabilities. Key industries such as electronics, textiles, paper and pulp, water treatment, and polymer production are driving the demand for persulfates in this region. Major countries, including China, India, Japan, and South Korea, are leading this expansion, with their manufacturing hubs and increasing consumption of persulfates for various applications. For instance, China's semiconductor industry has witnessed remarkable growth, with chip production reaching 98.1 billion units in the first quarter of 2024, a 40% increase compared to the last quarter of 2023. Persulfates are used in the production of semiconductors as oxidizing agents for the removal of contaminants such as halogenated olefins, perfluorinated substances, phenols, pharmaceutical drugs, and inorganics. In addition, persulfates are used in water treatment processes to disinfect and oxidize contaminants, making them essential for maintaining public health and safety. Persulfates, specifically Potassium persulfate, are also used as initiators in the polymerization process for the production of polymers. Despite their numerous benefits, persulfates are considered hazardous substances due to their oxidizing properties, and their handling requires strict safety measures.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ADEKA Corp - The company offers a wide range of persulfate products such as ammonium persulfate, sodium persulfate, and potassium persulfate.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
Explore our company rankings and market positioning Request Free Sample
Market structure |
Fragmented |
YoY growth 2023-2024 |
3.0 |
The market encompasses the production and supply of persulfates, a class of inorganic salts known for their oxidizing properties. Persulfates are widely used as free radical generators and chain initiators in various industries, including polymer manufacturing. In the synthetic rubber industry, sodium persulfate is employed as a microetchant in the production of latex polymers, contributing to the refinement of rubber products. The semiconductor industry utilizes persulfates as oxidizers for the etching of printed circuit boards, ensuring the intricate patterns required for advanced electronic components. Persulfates also find applications in the production of acrylics, neoprene, polyvinyl chlorides, polystyrenes, and other polymers. Beyond electronics, persulfates are used in industrial processes for the production of coatings and paints, serving as effective cleaning agents and etchants. In addition, persulfates have found their way into various consumer applications, such as skincare and hair care products, and soil remediation. Overall, the versatility of persulfates in diverse industries drives the growth of the persulfates market. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing adoption of persulfates in wastewater treatment is notably driving market growth. The market experiences significant growth due to the increasing utilization of persulfates in water treatment applications. With approximately 2 billion people worldwide lacking access to improved water sources and 2.5 billion without basic sanitation (World Bank, 2023), addressing water pollution is a pressing concern. Conventional biological wastewater treatment methods struggle to degrade complex, bio-refractory pollutants resulting from industrial processes and household chemicals.
Persulfates, recognized for their high oxidation potential, generate free sulfate radicals upon activation, effectively degrading a diverse range of hazardous pollutants, including those that are persistent and toxic. In India, the water treatment sector holds significance, and the government has been investing substantially to improve the country's water management infrastructure. In the industrial sector, persulfates find extensive use in polymerization processes for synthetic rubber, latex, acrylics, neoprene, polyvinyl chlorides, and polystyrenes. Additionally, persulfates are employed in coatings, paints, carpet backing, and advanced oxidation processes for environmental remediation. Thus, such factors are driving the growth of the market during the forecast period.
Emphasis on battery recycling is the key trend in the market. The market is experiencing notable growth due to the escalating focus on battery recycling. Persulfates, particularly sodium persulfate, play a vital role in the polymerization process during the synthesis of synthetic rubber, latex, and various polymers such as acrylics, neoprene, polyvinyl chlorides, and polystyrenes. In addition, persulfates are extensively used in coatings, paints, and carpet backing, and advanced oxidation processes. However, the most significant application of persulfates is in the battery industry.
With the increasing demand for batteries in consumer electronics, electric vehicles, and renewable energy storage, the need for efficient battery recycling has become imperative. Persulfates facilitate the extraction of valuable metals and components from used batteries, thereby reducing waste, conserving natural resources, and minimizing environmental impact. Consequently, the persulfates market is poised for expansion in the coming years. Thus, such trends will shape the growth of the market during the forecast period.
Health risks linked to persulfate usage is the major challenge that affects the growth of the market. The market plays a crucial role in various industries, including polymerization, synthetic rubber, and advanced oxidation processes. Applications of persulfates span across sectors such as latex, printed circuit boards, acrylics, neoprene, polyvinyl chlorides, polystyrenes, and coatings, paints, and carpet backing. However, the market faces challenges due to the health risks associated with persulfate exposure. Sodium persulfate, a common form of persulfate, can cause severe skin and eye irritation or burns upon acute exposure.
Chronic exposure may lead to more serious health concerns, including the development of skin allergies and asthma-like symptoms. These health risks pose significant challenges for workers handling persulfates in industrial settings. Despite these challenges, the demand for persulfates remains due to their essential role in various industrial processes. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Persulfates are a type of inorganic salts, specifically sulfate salts of persulfuric acid. They are widely used in various industries due to their unique properties as oxidizers and free radical generators. Persulfates play a significant role in the polymerization process, particularly in the production of synthetic rubber, latex, acrylics, neoprene, polyvinyl chlorides, polystyrenes, and latex polymers. In the electronics industry, persulfates are used as etchants in the production of printed circuit boards and semiconductors. They are also employed in advanced oxidation processes for environmental remediation, including the removal of contaminants such as halogenated olefins, perfluorinated substances, phenols, pharmaceutical drugs, and inorganics from water and soil. Persulfates are used in water treatment processes for wastewater treatment and industrial processes, including the production of polymers, coatings, paints, carpet backing, and adhesives. They are also used in the mining industry for ore processing and in the production of graphite filaments.
Persulfates are used in various applications in the plastic manufacturing industry, including as initiators for polymerization, dispersants in toner formulations, and as viscosity breakers in hydraulic fracturing for oil and gas production. They are also used in skincare and hair care products as bleaching agents and in hair dyes. Persulfates are hazardous substances and must be handled with care. They can be toxic and corrosive, and can cause skin and eye irritation. However, they are essential in various industries due to their unique properties as oxidizers and free radical generators.
Market Scope |
|
Report Coverage |
Details |
Page number |
205 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.6% |
Market Growth 2024-2028 |
USD 167.5 million |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 47% |
Key countries |
China, Germany, Japan, India, South Korea, France, UK, Russia, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADEKA Corp, Akkim Kimya, Aldon Corp., Calibre Chemicals Pvt. Ltd., Evonik Industries AG, Fujian Zhanhua Chemical Co. Ltd., GFS Chemicals Inc., Hebei Jiheng Chemical Co Ltd, Merck KGaA, Mitsubishi Gas Chemical Co. Inc., Muby Chem Ltd, Powder Pack Chem, San Yuan Chemical Co. Ltd., Stars Chemical Co. Ltd., United Initiators GmbH, Vizag Chemical International, VR Persulfates Pvt. Ltd, Yatai Electrochemistry Co. Ltd., and YOYO Group of Companies |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.