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. 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.
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Persulfates are used for different functions across various end-use industries. They are used as oxidizers, free radical generators, and chain initiators in polymer manufacturing. In the electronics industry, they are used as a cleaning agent and as an etchant. Persulfates are also used in the formulations of skincare and hair care products in the cosmetics & personal care industry. Other uses include as a cleaning agent in soil remediation and as a viscosity breaker for hydraulic fracturing in the oil & gas industry.
Growth in the application areas mentioned above is expected to drive the consumption of persulfates in these end-use industries. However, with the ongoing COVID-19 outbreak, the end-use industries will be slowing down, except from some applications such as the gloves where latex polymer is used for manufacturing, polymer in food packaging and tissue papers. These slowing down of end-use industries will have an impact on the persulfate demand until 2021. China 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 persulfates industry in the Asia Pacific is projected to grow at the highest CAGR between 2020 and 2025, where China is the largest consumer. 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.
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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