The global persulfates market is predicted to be valued US$ 869.7 million in 2023, with a compound annual growth rate (CAGR) of 3.7% expected between 2023 and 2033. This is owing to rising persulfate usage in major end-use sectors such as plastics and electronics.
Rising demand for persulfates in the electronics industry, as well as increased preference in the paper, pulp, and textile sectors, are expected to drive the market. Electronics, polymers, and other industrial manufacturing operations were inspired by the easing of restrictions in 2021.
As a result, the persulfates market has expanded. Persulfates sales potential will be driven in the next years by the expansion of the electrical and electronics industries, as well as the enhanced efficiency of polymers.
The US electronics market is the largest in the world in terms of size. It is expected to be the market leader over the forecast period due to the adoption of sophisticated technology, an increase in the number of R&D centres, and increased consumer demand.
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Key Market Players
Key players in the Persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.
- Evonik Industries AG announced the successful completion of its procurement of PeroxyChem in February 2020.
- Calibre Chemicals, an Indian specialty chemicals company, acquired RheinPerChemie GmbH from Evonik in September 2022.
- Everstone Capital, a Singapore-based firm, announced the acquisition of a majority stake in Calibre, a persulfate producer, in August 2021. With the help of Everstone's substantial and strategic resources, this collaboration aims to transform Calibre from a family-owned company into a global manufacturer.
- United Initiator, an international persulfate manufacturer, launched its sodium persulfate plant in Huaibei, China, in October 2019. This new plant has a production capacity of 10,000 tons per year.
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“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry” says an analyst at Future Market Insights.
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