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Persulfates Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3790

Global persulfates market size is forecast to expand over 2022-2028 on the back of growing demand from the skincare and personal care industry. The growth of enhanced oil recovery and hair dye products will drive the growth of persulfates across end-use applications.
 

Persulfates are one of the most chemically active peroxygens that have excellent utility across a host of applications. Persulfates have become a major component in plastics and rubber as they are used as initiators for emulsion polymerization reactions to prepare polyvinyl chlorides, neoprene and acrylics. Notably, ammonium persulfate has become popular as a curing agent to stabilize soil near buildings, tunnels and dams. Industry participants are likely to expand their footprint amidst surging demand for persulfates across pulp and paper, cosmetics and water treatment industries.
 

Based on product, sodium persulfates segment could contribute a notable share towards global market during the forecast period 2022-2028. Sodium persulfates have become sought-after in pharmaceutical industry as a reagent for the preparation of antibiotics. Moreover, the electronics sector banks on the persulfate in the manufacturing of printed circuit boards. It is worth noting that textiles industry has upped investment in sodium persulfates for bleaching and desizing of textiles.

 

In terms of end-use, global persulfates market share from water treatment will expand on the back of the demand for oxidizing agents. Amidst escalating environmental concerns, the penetration of persulfates will be pronounced for water treatment. Considering persulfates have a tremendous shelf life, they have become suitable for a slew of environmental applications, including water treatment.
 

With respect to region, Asia Pacific persulfates market outlook will be strong following the penetration of cosmetics. Demand for skin care products, including hair care, personal hygiene and makeup will be pronounced across China and India. Besides, rising electronics production and the presence of leading companies, such as Samsung and Apple will boost the demand for persulfates. Additionally, the use of persulfates will be noticeable in the manufacturing of synthetic rubber for automobile and truck tires industry.
 

The competitive landscape of global persulfates industry indicates that prominent companies will focus on research and development activities, innovation, technological advancements and mergers & acquisitions. Some of the key players in the landscape are Mitsubishi Gas Chemical Company, Inc., Adeka Corporation, PeoxyChem, Vr Persulfates Private Limited., United Initiators, Ansin Chemical Co., Ltd., Merck KGaA (Germany), Fujian ZhanHua Chemical Co., Ltd., Hebei Yatai Electrochemistry Co., Ltd., Ak-Kim Kimya, Stars Chemical Co., Ltd., and Hebei Jiheng Group Co., Ltd, among others.

 

In February 2020, PeoxyChem was acquired by Evonik for around USD 640 million as the latter looks to roll out new technologies and expand its portfolio. The news comes after PeoxyChem had successfully started a wastewater treatment plant in 2019.
 

Global persulfates market overcoming the COVID-19 pandemic

A noticeable impact on electronics industry owing to supply chain disruption during the COVID-19 outbreak hampered the industry outlook. Further, a dip in oil and gas production also posed challenges to persulfates manufacturers and suppliers. However, an unprecedented demand for gloves and latex polymers has encouraged key industry players to up their investments. Besides, market penetration of persulfates in paper and pulp industry across advanced and emerging economies could help overcome the challenges of the pandemic.
 

Shifting trends toward hair dyes and cosmetics will encourage stakeholders to inject funds into persulfates. Besides, the expansion of automobile industry and gradual growth in oil & gas sector will foster the industry growth.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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