The global market for persulfates is experiencing a significant surge in demand, primarily driven by their widespread applications in various industries. Among these industries, the electronics and cosmetic & personal care sectors stand out as two major end-use applications where persulfates have found indispensable utility. The global persulfates 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.
Browse 212 market data Tables and 38 Figures spread through 164 Pages and in-depth TOC on “Persulfates Market by Type (Ammonium, Sodium, & Potassium),End-Use Industry (Polymer, Electronics and Cosmetic & Personal Care), Application (Polymer Initiator, Oxidation, bleaching and Sizing Agent) and Region – Global Forecast to 2025 “
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The leading players in the persulfates market include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim –Kimya (Turkey), Adeka Corporation (Japan), and Fujian Zhanhua Chemical Company (China). These market players account for a large share of the market.
PeroxyChem is a global producer of specialty chemicals, focusing on peroxygen chemistry and its related technologies. It is also the only manufacturer of persulfate in North America. Evonik Industries completed its acquisition for USD 640 million in February 2020. PeroxyChem’s three principal chemistries include hydrogen peroxide, peracetic acid, and persulfates. The company is also one of the largest global manufacturers. PeroxyChem has launched its new product in the Klozur Series– Klozur One, an activated sodium persulfate. This has enhanced the product portfolio of the company and is expected to be advantageous for use in in-situ chemical oxidation (ISCO), which is used for soil remediation.
The Rising Demand for Persulfates
Persulfates, such as ammonium persulfate, sodium persulfate, and potassium persulfate, are potent oxidizing agents. Their versatility makes them valuable in several applications. The global persulfates market, valued at approximately USD 600 million in 2020, is projected to grow at a CAGR of over 6% during the forecast period. Two key sectors contributing to this growth are electronics and cosmetic & personal care.
Electronics: The Powerhouse of Persulfates
In the electronics industry, persulfates play a pivotal role in ensuring the integrity and performance of electronic components. Printed circuit boards (PCBs) are at the heart of every electronic device, and the etching process is crucial in their manufacturing. Persulfates are employed as etchants to selectively remove copper from PCBs, creating intricate circuit patterns. Their ability to provide precise control over etching makes persulfates indispensable in electronics manufacturing.
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As the electronics industry continues to evolve and demand for smaller, more intricate devices increases, the need for efficient etching processes grows. Persulfates offer a solution that not only maintains high-quality PCBs but also reduces waste and environmental impact. This environmentally friendly approach aligns with the industry’s increasing focus on sustainability.
Cosmetic & Personal Care: A Beautiful Partnership
Persulfates have also found a niche in the cosmetic and personal care industry, where they contribute to product formulation and enhancement. Hair care products, such as bleaches and hair dyes, rely on persulfates for their hair-lightening and coloring properties. Persulfates work by breaking down the natural pigments in hair, allowing dyes to penetrate and achieve the desired color.
Furthermore, persulfates play a role in the formulation of skincare and beauty products. They act as oxidizing agents in the production of creams, lotions, and cosmetics, helping to maintain product stability and extend shelf life. The antimicrobial properties of persulfates also contribute to product preservation, ensuring consumer safety.
With the growing global beauty and personal care industry, which was valued at over USD 500 billion in 2020, the demand for persulfates is set to rise further. As consumers increasingly seek innovative products and formulations, persulfates offer manufacturers the means to meet these demands effectively.
Challenges and Opportunities
While the demand for persulfates in electronics and cosmetic & personal care industries is on the rise, challenges such as stringent regulations and the need for constant innovation must be addressed. Regulatory bodies are imposing stricter guidelines on the use of certain chemicals, necessitating continuous research and development to find sustainable alternatives.
Opportunities abound for companies that can adapt and innovate. The electronics industry’s shift towards smaller, more intricate devices and the cosmetic & personal care industry’s pursuit of novel formulations create openings for persulfate manufacturers to develop tailored solutions.
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Conclusion
The global persulfates market is experiencing robust growth, largely attributed to its expanding applications in the electronics and cosmetic & personal care industries. In electronics, persulfates are essential for PCB manufacturing, ensuring precise etching and reduced environmental impact. In the cosmetic & personal care sector, they contribute to hair dyes, skincare products, and cosmetics, offering formulation stability and product preservation.
While challenges like regulatory compliance exist, these challenges are also catalysts for innovation and sustainability. The growing demand for persulfates presents opportunities for companies that can adapt to changing industry needs and provide efficient, eco-friendly solutions. As the electronics and cosmetic & personal care industries continue to thrive, persulfates are set to remain a vital component of their success.
