COVID-19 Impact on Persulfates Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the persulfates market.

Key Drivers and Restraints of Persulfates Market

  • Persulfates are majorly applications in the electronics industry. Persulfates are used as preservative agents in food and as initiators in polymerization reactions. In electronics, persulfates act as etching agents for zinc and printed circuit boards. They are also used as bleaching agents in cosmetic & personal care products and in pulp & paper and textile industries. Increase in demand for persulfates in various industries is expected to fuel the global persulfates market in the next few years.
  • Rise in demand for persulfates in the water treatment industry is expected to create significant opportunities for the persulfates market in the near future. Persulfates are also used for oxidative degradation of toxic substances and chemicals in wastewater, making the water treatment process easy. Thus, demand for persulfates is high in water treatment applications.

Persulfates: Type Segment

  • In terms of type, the global persulfates market can be segmented into ammonium persulfate, sodium persulfate, potassium persulfate, and others
  • The sodium persulfate type segment of the global persulfates market is projected to hold major share during the forecast period. Sodium persulfate is a strong oxidizing agent and is used extensively in polymers. Furthermore, it is used as an etchant and cleaning agent in printed circuit board (PCB) manufacturing. Demand for sodium persulfate in cosmetics & personal care end-use industries is projected to rise at a highest pace during the forecast period.
  • The ammonium persulfate type is projected to follow the sodium persulfate type segment during the forecast period. Ammonium persulfate is a strong oxidizing agent with a slight acrid odor. High demand for ammonium persulfate in the cosmetic & personal care industry is driving the global persulfates market.

Persulfates: End-use Segment

  • Based on end-use, the global persulfates market can be segmented into pulp & paper, textile, cosmetic & personal care, electronics, water treatment, and others
  • The electronics segment is projected to gain higher share of the global market during the forecast period. Rise in demand for persulfates in the electronics industry owing to their usage in cleaning and etching of printed circuit substrates is projected to propel the persulfates market. Persulfates are used for surface cleaning of metals such as brass, copper, nickel, aluminum, zinc, and titanium prior to coating, plating, and adhesive bonding on electronic components. This is expected to boost the demand for persulfates in the near future.
  • The water treatment segment is projected to hold key share of the global persulfates market in the near future. Persulfates are used as oxidizing agents for the treatment of water. Consumption of persulfates in the water treatment industry is projected to rise during the forecast period owing to the increase in concerns about the environment.

Asia Pacific to Hold Leading Share of Persulfates Market

  • In terms of region, the persulfates market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global persulfates market, followed by Europe and North America, during the forecast period. This can be ascribed to the increase in demand for persulfate in end-use industries such as electronics and cosmetics & personal care in Asia Pacific. Newer applications of persulfates such as water treatment and soil remediation are projected to increase at a swift pace during the forecast period. Rise in concerns regarding soil pollution is expected to boost the consumption of persulfates in soil remediation in Asia Pacific.
  • Demand for persulfates in the water treatment industry in North America and Europe is projected to rise at a rapid pace in the near future