APAC accounted for the largest share of the persulfates industry globally. Persulfates, due to its oxidizing properties, are widely used in various end-use industries, such as electronics, polymer, water treatment, cosmetics & personal care, and pulp, paper & textiles. There are three main types of persulfates: ammonium, potassium, and sodium. All three persulfates can be used as a substitute for each other.
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. These slowing down of end-use industries will have an impact on the persulfate demand until 2021. China is the largest producer and exporter of persulfates in the world, being the epicentre of COVUD-19 has also impacted the persulfates market as more the 70% of the persulfates production capacity is in China.
The global persulfates market size was USD 730 million in 2020 and is projected to reach USD 861 million by 2025, at a CAGR of 3.4% between 2020 and 2025. The growth in the demand for polymers from the packaging and construction industries and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.
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Recent Developments
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
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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