Persulfates Market Size (2024 - 2029)

Persulfates Market Analysis

The persulfates market is projected to register a CAGR of over 3% during the forecast period (2021-2026).

The COVID-19 pandemic impacted metal production as mining was interrupted due to lockdown regulations and the safety of workers. Thus, the persulfates market was negatively impacted as they are used to clean the surface of metals in the electrical components industry. The coronavirus pandemic has had a considerable impact on the electronics industry as the supply chain of electronic components disrupted. Furthermore, the oil and gas industry, in which persulfates are used as gel breakers, was also negatively impacted by COVID-19 as the demand decreased. In India, the amount of crude oil produced in October 2020 was 2.568 million metric ton. When compared to domestic production in October 2019, this was 6.24% lower. Natural gas output was also down compared to the same month last year. Domestic natural gas production in October 2020 was 2,418.88 million standard cubic meters, down by 8.41% from October 2019. The global cosmetics industry was also negatively affected, which affected the demand in the market studied. The revenue from the global cosmetics industry fell from approximately USD 89.8 billion in 2019 to USD 87 billion in 2020, witnessing a decline of around 3.1% in 2020. However, the condition is expected to recover in 2021, thereby restoring the growth trajectory of the market over the forecast period.

Over the medium term, the major factors expected to drive the market are the increasing demand for persulfates in the electronics industry and growing demand in the paper, pulp, and textile industry.

On the flipside, issues related to the storage and transportation of persulfates and the negative impact of the COVID-19 pandemic are the major restraints expected to hinder the market growth.

Asia-Pacific dominated the market globally, with the largest consumption registered in countries like China, India, and Japan.

Persulfates Industry Segmentation

Persulfate is a colorless crystalline salt of persulfuric acid. It is also known as peroxysulfate or peroxodisulfate. It contains anions SO² or S O² . The persulfates market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into sodium persulfate, potassium persulfate, and ammonium persulfate. By application, the market is segmented into polymer initiator, enhanced oil recovery, oxidation, bleaching, and sizing agent, and other applications. By end-user industry, the market is segmented into polymers, pulp, paper, and textile, electronics, cosmetics and personal care, oil and gas, water treatment, soil remediation, and other end-user industries. The report also covers the market sizes and forecasts for the persulfates market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).