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. Persulfates have gained significant traction in various industries, including plastic production and water treatment. In plastic manufacturing, persulfates function as oxidizers, free radical generators, and chain initiators in the polymerization process for high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). In the water treatment sector, persulfates are used as viscosity breakers in the hydraulic fracturing process for oil and gas production. Moreover, the market is witnessing a growing emphasis on battery recycling, leading to increased demand for persulfates as an essential component in the recycling process. However, concerns regarding health risks associated with persulfate usage remain a challenge for market growth. In the skincare and hair care industries, persulfates are utilized as oxidizing agents due to their ability to enhance the efficacy of certain cosmetic formulations. United Initiators, a leading persulfate supplier, is at the forefront of innovation, providing high-quality persulfate products to cater to the diverse needs of various industries. In conclusion, the market is driven by the increasing adoption in plastic production and wastewater treatment, the emphasis on battery recycling, and their usage in skincare and hair care products. Despite the health risks, the market continues to grow, with companies like United Initiators focusing on innovation and quality to meet the evolving industry demands.
Persulfates are a type of inorganic salt that are widely used as oxidizers and free radical generators in various industries. These compounds, particularly sodium persulfate, are essential in the polymerization process, playing a significant role in the manufacturing of synthetic rubber, latex, and other polymers. In the electronics industry, persulfates are utilized as micro etchants for the production of printed circuit boards. The ability of persulfates to generate free radicals makes them an effective etchant for removing unwanted materials during the manufacturing process. This results in improved circuit board quality and increased efficiency.
Further, persulfates also find extensive applications in the coatings and paints industry. As a powerful oxidizing agent, sodium persulfate is used as a chain initiator in the polymerization of acrylic, neoprene, polyvinyl chlorides, and polystyrenes. This leads to the production of high-quality coatings and paints with enhanced durability and resistance to environmental factors. Moreover, persulfates are used in latex polymers, where they act as a cleaning agent during the production process. This ensures that the final product is free from impurities and contaminants, resulting in superior latex quality. Persulfates are also employed in the semiconductors industry for the etching and cleaning of silicon wafers.
Moreover, the oxidizing properties of persulfates make them an ideal choice for this application, as they effectively remove unwanted materials while leaving the desired silicon layer intact. Additionally, persulfates have applications in various industries outside of electronics and polymers. In the skincare and hair care sectors, they are used as oxidizing agents in the production of certain cosmetics. In the field of soil remediation, persulfates are used to oxidize contaminants, making the soil safer for agricultural use. In summary, the market is driven by the diverse applications of these compounds in various industries. Their role as oxidizers, free radical generators, and chain initiators makes them an essential component in the manufacturing processes of synthetic rubber, latex, coatings, paints, printed circuit boards, and various other products.
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, particularly in the field of advanced oxidation processes for environmental remediation and industrial applications. In environmental remediation, persulfates are used to degrade contaminants such as halogenated olefins, perfluorinated substances, phenols, pharmaceutical drugs, and inorganics through oxidation processes. In the electronics industry, persulfates are employed as cleaning agents due to their ability to generate strong oxidizing agents, which aid in removing organic residues and contaminants from semiconductor wafers. In the paper and pulp industry, persulfates are utilized as bleaching agents due to their high oxidizing power. They are also used in textile processing for the bleaching and finishing of fabrics.
In the water treatment sector, persulfates are employed as oxidizing agents for the removal of organic and inorganic contaminants from wastewater. Persulfates are widely used as initiators in polymerization processes due to their rapid initiation kinetics, thermal stability, and compatibility with a broad range of monomers. Potassium persulfate, in particular, is extensively used in the production of architectural coating emulsions, which are crucial for creating high-quality coatings used in construction and decorative applications. The versatility of persulfates in generating radicals under different temperatures and pH levels makes them an ideal choice for various polymerization processes.
Get a glance at the market share of various segments Request Free Sample
The polymers segment was valued at USD 405.50 million in 2018 and showed a gradual increase during the forecast period.
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.
For more insights on the market share of various regions Request Free Sample
The market in the Asia-Pacific (APAC) region is experiencing significant growth, making it the largest and fastest-growing segment globally. This expansion is driven by the region's rapid industrialization, expanding manufacturing capabilities, and increasing demand from key industries, including electronics, textiles, and polymers. Major countries, such as China, India, Japan, and South Korea, are leading this growth due to their advanced manufacturing hubs and rising consumption of persulfates in various applications. For instance, the semiconductor industry in China is experiencing remarkable growth, with chip production increasing by 40% in the first quarter of 2024 compared to the last quarter of 2023, reaching 98.1 billion units. In the textile industry, persulfates are used for denim desizing and de-inking, while in the polymer industry, they are utilized in emulsion polymerization using acrylic monomers.
In addition, in the electronics industry, persulfates are used in electrodeposition processes for metal surfaces, etching copper, and in the production of sulfuric acid and caustic soda. Additionally, persulfates are used in re-pulping processes in the paper industry. Persulfates are also used in various applications outside of these industries, such as water treatment, food processing, and pharmaceuticals. The versatility and effectiveness of persulfates make them an essential component in numerous industrial processes. With the increasing demand for persulfates in various industries, the market is expected to continue its growth trajectory in the coming years.
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 the key driver of the market. Persulfates have gained significant importance in various industries due to their oxidizing properties, making them an essential component in molecular biology and biochemistry applications. In molecular biology, persulfates are used as initiators in the polymerization of polyacrylamide gels. In biochemistry, they serve as a detergent component and a bleaching agent in hair cosmetics. Persulfates also find extensive applications in industries such as mining, concrete formulations, and photopolymerization. In mining, they are used as a cleaning agent to remove impurities from ores. In concrete formulations, they act as a polymeric coating to enhance the durability of the concrete. In photopolymerization, they are used as a photosensitizers to initiate the polymerization process.
Moreover, persulfates are effective in degrading pollutants, making them an ideal choice for water treatment. With increasing water pollution, the demand for effective water treatment solutions has grown. Traditional biological methods for wastewater treatment are often inadequate in breaking down complex pollutants. Persulfates generate free sulfate radicals upon activation, which effectively degrade a wide range of hazardous pollutants. Persulfates also find applications in adhesives and graphite filaments. In adhesives, they act as a curing agent, enhancing the bonding strength. In graphite filaments, they are used as a reducing agent to improve the conductivity of the filaments. In summary, The market is driven by their diverse applications in various industries, including molecular biology, biochemistry, mining, concrete formulations, photopolymerization, and water treatment. Their ability to generate free sulfate radicals upon activation makes them an effective agent for degrading pollutants, making them an essential component in water treatment solutions.
The emphasis on battery recycling is the upcoming trend in the market. The market is experiencing notable growth due to the escalating importance of battery recycling. As the energy storage industry advances, the need for batteries, ranging from compact lithium-ion cells in consumer electronics to expansive units for electric vehicles and renewable energy storage, is escalating. This escalation has highlighted the necessity of managing battery disposal and recycling at the end of their service life.
Additionally, battery recycling is a strategic response to these concerns. It reduces waste, lessens the reliance on raw material extraction, and facilitates the retrieval of valuable metals and components for reutilization, thereby lessening environmental impact. The market holds a significant role in this process as potassium persulfate is widely used as a polymer initiator in the recycling process.
The health risks linked to persulfate usage is a key challenge affecting the market growth. Persulfates are widely used as oxidizers and free radical generators in various industries, including plastic production and oil and gas. In plastic manufacturing, persulfates function as chain initiators for the polymerization of high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). The use of persulfates comes with health risks. Acute exposure can lead to skin and eye irritation or burns, respiratory issues, and other health concerns.
However, chronic exposure may result in skin allergies and asthma-like symptoms. In industrial settings, workers handling persulfates face the most significant risks. Skincare and hair care products also utilize persulfates as viscosity breakers. Despite these applications, the health risks associated with persulfates necessitate stringent safety measures. Companies such as United Initiators, Ammonium Persulfate, and others are working to mitigate these risks through research and development of safer alternatives. The market is growing due to its diverse applications, but the health concerns remain a challenge. Companies must prioritize safety measures to protect their workforce and maintain regulatory compliance. By adhering to industry best practices and investing in research and development, the market can continue to grow while minimizing health risks.
The market forecasting report includes the adoption lifecycle of the market, 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
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.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Persulfates are a type of inorganic salts that act as powerful oxidizers and free radical generators in various industrial processes. They are widely used in the production of polymers, particularly in emulsion polymerization of acrylics, latex polymers, and neoprene. In the synthetic rubber industry, sodium persulfate is employed as a chain initiator in the polymerization process. Persulfates find extensive applications in different sectors such as electronics, paper and pulp, textile, water treatment, and plastic manufacturing. In electronics, they are used in advanced oxidation processes for environmental remediation and in the etching of printed circuit boards. In the paper industry, they are used as bleaching agents and dispersants.
Moreover, in textile, they are used for denim desizing and de-inking. Persulfates are also used in the production of coatings, paints, carpet backing, and adhesives. They are employed in the water treatment industry for the removal of contaminants such as halogenated olefins, perfluorinated substances, phenols, pharmaceutical drugs, and inorganics. They are used as oxidizers in the production of toner formulations for ink jetting. Persulfates are also used in various industries such as mining, photochemistry, and concrete formulations. They are used as cleaning agents, etchants, and reducing agents in various industrial processes. They are also used in the electrolyzing of metals such as zinc, nickel, and titanium alloys.
Consequently, in the oil and gas industry, they are used as enhancers in hydraulic fracturing processes. Persulfates are also used in various applications in the field of molecular biology and biochemistry, such as in the preparation of polyacrylamide gels and as a detergent component. They are also used as hair cosmetics, hair bleaches, and viscosity breakers in various skincare and hair care products.
|
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 |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
3.0 |
|
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, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
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.
