Persulfates are used in end-use industries such as a polymer, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, oil & gas, and soil remediation, among others. The increasing capacity additions by polymer manufacturing companies in the recent past have increased the use of persulfates, which are used as an initiator during the polymerization reaction. However, there has been a plastic demand setback due to lower consumption in China. The demand for persulfates in these end-use industries is projected to grow at a relatively slow rate in the coming years due to economic slowdown and the impact of COVID-19. For the impact of COVID-19 will be seen for the FY-2019-2020 and 2020-2021 as the growth of the persulfates for these years will be slowed down. China is the largest producer and exporter of persulfates in the world, and COVID-19 has resulted in a temporary closure of manufacturing plants in China.
COVID-19 outbreak, the end-use industries will be slowing down, except from some applications such as the gloves where latex polymer is used for manufacturing, polymer in food packaging and tissue papers. China being the epicentre of COVUD-19 has also impacted the persulfates market as more the 70% of the persulfates production capacity is in China.
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The persulfates industry in the Asia Pacific is projected to grow at the highest CAGR between 2020 and 2025, where China is the largest consumer. The growth in the demand for polymers from the packaging and construction industries and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.
Recent Developments
In 2020, Evonik has acquired PeroxyChem, which is a manufacturer of hydrogen peroxide, peracetic acid and persulfates for USD 625 million.
In 2019, United Initiators opened a new plant with 10 KT annual production capacity of sodium persulfates in Huaibei, China.
In 2018, United Initiators entered into a joint venture with VR Persulfates from India for the manufacturing of persulfates.
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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