Persulfates Market Size

Persulfates Market Growth Projections and Opportunities

The global persulfates market is poised for robust growth throughout the forecast period from 2021 to 2030. In 2021, the market achieved a valuation of USD 522,634.41 thousand, and projections indicate a Compound Annual Growth Rate (CAGR) of 4.79%, reaching USD 796,057.87 thousand by 2030. In terms of volume, the market measured 677,799.69 tons in 2021, with an estimated CAGR of 2.70%, reaching 861,574.49 tons by the end of 2030. A pivotal driver for this growth is the escalating demand for persulfates in the polymer industry. These compounds act as initiators in various chemical processes essential for the production of acrylics, polyvinyl chlorides, polystyrene, and neoprene, thereby fueling the demand for persulfates in the polymer sector. Additionally, the flourishing personal care and cosmetic industry is set to contribute to the market's expansion in the coming years. The increasing use of persulfates in the electronics industry, particularly in applications like printed circuit boards, is also anticipated to drive market growth during the forecast period.
However, challenges related to the storage and transportation of persulfates pose constraints on the global market's growth during the review period.

According to an analysis by MRFR, the global persulfates market is categorized based on type, application, end use, and region. The types of persulfates considered are ammonium persulfates, sodium persulfates, and potassium persulfates. Ammonium persulfates held the largest share, accounting for 47.04% in 2021, primarily due to their widespread applications in the polymer industry. The segment's value in 2021 was USD 245,869.00 thousand, with an expected CAGR of 5.00%, reaching USD 381,577.99 thousand by 2030. In terms of volume, the segment measured 318,281.67 tons in 2021, with a projected CAGR of 2.91%, reaching 412,204.46 tons by 2030.

In terms of application, the global persulfates market is divided into polymer initiators, oxidation, bleaching, and sizing agents, down-hole applications, and others. Polymer initiators dominated the market in 2021, securing a share of 36.74% by value. The value of this segment in 2021 was USD 192,015.07 thousand, with an anticipated CAGR of 5.20%, reaching USD 303,116.36 thousand by 2030. Regarding volume, the polymer initiator segment measured 246,700.75 tons in 2021, with a projected CAGR of 3.21%, reaching 327,982.79 tons by 2030.

The end-use classification encompasses polymer, electronics, cosmetics and personal care, pulp and paper, textiles, water treatment, soil remediation, oil and gas, and others. The polymer segment led the market in 2021, contributing 18.43% by value, driven by its extensive applications in the electronics sector.