Persulfates Market Analysis

In-depth Analysis of Persulfates Market Industry Landscape

The global market has experienced significant growth, thanks to the flourishing electronics, electrical, and technology industries. Sodium persulfates, integral components in electronics, play a crucial role as efficient microetchants in the manufacturing of printed circuit boards, replacing traditional scrubbing methods. This shift towards microetchants, including sodium persulfate, has become prevalent in recent years, enhancing the production of finer features with resists.
The surge in the electronic industry within the Asia-Pacific region is a key driver for the market's substantial traction. The growing global inclination towards electronics, coupled with increased internet penetration, has propelled market growth. The escalating demand for consumer electronics, particularly in portable devices like laptops, mobile phones, and computers, is expected to drive the demand for printed circuit boards, consequently boosting the need for sodium persulfates. Notably, according to the Ministry of Electronics and Information Technology in India, smartphone production increased from 110 million in 2015 to 175 million in 2016. Similarly, the production of LCD/LED TVs reached 15 million units in 2016.

Government initiatives such as 'Make in India,' the National Policy on Electronics, and the Phased Manufacturing Programme are pivotal in driving the demand for polyurethane (PU) cast elastomers. Noteworthy investments, such as OnePlus launching smart TVs in the Indian market in September 2019 and Vivo's plan to invest USD 480 million in capacity expansion in August 2019, signal a positive trajectory for the electronics industry. Consequently, this growth is expected to drive the demand for products like sodium persulfates.

In India, the electronics market is poised for significant expansion, with the India Brand Equity Foundation projecting a Compound Annual Growth Rate (CAGR) of 41.4%, reaching a value of USD 400 billion by 2020. Additionally, the Japan Electronics and Information Technology (JEITA) estimates a 2% year-on-year increase in global electronics and information technology production in 2020, reaching USD 2,972.7 billion. This is anticipated to rise by 7% in 2021, reaching USD 3,175.6 billion.

Another aspect contributing to the growth of persulfates in the electronics industry is their role as cleaning agents. Used to clean metal surfaces like brass, copper, and aluminum before plating or adhesive bonding, persulfates also find application in cleaning and activating carbon and charcoal before and after their use as absorbents. These diverse applications are expected to drive the demand for persulfates in electronics manufacturing in the foreseeable future.