Global Sodium Persulfate Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Sodium Persulfate Market Overview:
Sodium Persulfate is the sodium salt of peroxydisulfuric acid. It is white in color and holds highly water-soluble properties. Sodium Persulfate is prepared by the process of electrolysis of a solution containing sodium and sulfate ions. Sodium Persulfate can also be prepared by reacting Sodium Hydroxide with Ammonium Persulfate. Sodium Persulfate is used as an oxidizing agent in the applied chemistry. Sodium Persulfate is used in manufacturing chemical solutions used as surfactants.
Sodium Persulfate is used in the Hardware industry as an etching chemical in the manufacturing process to create an object with the desired shape. Sodium Persulfate holds properties that are used in enhancing the fertile value of soil. Sodium Persulfate is used as a bleaching material in manufacturing cosmetics and personal care products. The presence of oxidizing and etching properties has resulted in increased demand for Sodium Persulfate. Long shelf life and a wide-scale industrial and commercial application have resulted in a growth in the Global Sodium Persulfate Market.
Global Sodium Persulfate Market Dynamics:
Sodium Persulfate holds bleaching properties that are used on a large scale in manufacturing personal care products. Sodium Persulfate is used in manufacturing products that improve the radiance glow of the face and body. An increase in demand for beauty products has resulted in increased demand for Sodium Persulfate by the Cosmetics and Personal Care Products Industry.
Sodium Persulfate holds properties that are used to improve soil condition. An increase in demand for soil-enriching solutions has resulted in increased demand for Sodium Persulfate by the Agro-products manufacturing sector. Sodium Persulfate is used on a large scale in water treatment facilities to remove dangerous chemical elements from wastewater before reuse or its release in rivers or sea. This has resulted in increased use of Sodium Persulfate from Municipalities and wastewater management industries.
Sodium Persulfate is used in the emulsion polymerization reaction. Sodium Persulfate acts as a radical indicator in emulsion reactions for styrene-based polymers. Sodium Persulfate is also used as an accelerator for low formaldehyde adhesives. The importance of Sodium Persulfate as a catalyst has resulted in increased use by the Global Chemicals manufacturing industry.
In 2019, United Initiators opened their new manufacturing facility for Sodium Persulfate in Huaibei, China. This manufacturing unit holds a production capacity of 10 KT per annum. The opening of a new manufacturing plant will increase the market share of United Initiators in the region of the Asia-Pacific.
In August 2018, Germany-based United Initiators and India-based VR Persulfates entered into an agreement to increase the production and sales of both firms. This joint venture provided VR Persulfates with distribution rights for all products of United Initiators and has increased their production capacity with the help of technology provided by United Initiators.
In July 2017, PeroxyChem launched a range of products made by using Sodium Persulfate. This range under the title Klozur series has increased the consumption of products made by PeroxyChem by the Global Chemical Industry.
The rising demand for inexpensive and environment-friendly oxidants acts as the major driving factor for the growth of the Global Sodium Persulfate Market.
Restraints:
The presence of strict regulations over the use of Sodium Persulfate acts as the major restraining factor here.
Global Sodium Persulfate Market Segment Analysis:
The Global Sodium Persulfate Market is segmented on the basis of
By Type, It is observed that more than 60% of the Sodium Persulfate available in the market is in powdered form. An increase of 2% has been observed in demand for Sodium Persulfate in crystal form by water treatment facilities. The preference for Sodium Persulfate in tablet form by the Chemical industry has resulted in a 1.3% increase in its demand.
By Application, It is observed that more than 30% of the Sodium Persulfate present in the market is consumed by the Cosmetics and Personal Care Products manufacturing industry. The presence of oxidizing properties has resulted in a 1.6% increase in demand for Sodium Persulfate by the Chemical Industry. The increased use of Sodium Persulfate for removing harmful elements in water facilities has resulted in a 2.3% increase in demand for them.
Global Sodium Persulfate Market
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It is observed that rising demand for hair and skincare products has resulted in a 2.7% increase in demand for Sodium Persulfate by the Cosmetics and Personal Care products manufacturing industry. An increase in the use of Sodium Persulfate as a levelling agent for equal and deep penetration of dye in manufacturing fabric has resulted in a 2.1% increase in its use by the Textile Industry. The use of Sodium Persulfate as a polymerizing agent has resulted in a 1.3% increase in its consumption by the Chemical industry.
The rising use of Disinfectants by the industrial, commercial and domestic sectors has resulted in a 1.4% increase in the consumption of Sodium Persulfate. The increased use of Sodium Persulfate as an etching agent in Printed Circuit Boards has resulted in a 1.7% increase in demand for it by the Hardware industry. Different industries that require Sodium Persulfate use it as per need.
Global Sodium Persulfate Market Regional Insights
Global Sodium Persulfate MarketThe presence of a big industrial sector has resulted in a 3.5% increase in the consumption of Sodium Persulfate in North America. It is observed that an increase in the consumption of Cosmetics has resulted in a 1.2% increase in demand for Sodium Persulfate by the cosmetics industry present in this region
An increase in the demand for cosmetics and personal care products has resulted in a 2.3% increase in demand for Sodium Persulfate by the cosmetics industry present in Europe. Growth in the industrial sector present in this region has resulted in a 2.6% increase in demand for Sodium Persulfate.
Growth in the industrial sector has resulted in a 2.1% increase in demand for Sodium Persulfate in the Asia-Pacific. It is observed that rising demand for levelling agents has resulted in a 1.6% increase in demand for Sodium Persulfate by the Textile industry present in this region. Increasing demand for etching agents has resulted in a 2.4% increase in demand for Sodium Persulfate by the Hardware manufacturing industry present in this region.
The presence of a big chemicals manufacturing industry has resulted in a 2.3% increase in demand for Sodium Persulfate in South America. The Middle East and Africa’s Market is showing a growth rate of 2%, the reason for which is the growth in the industrial sector present in this region.
The objective of the report is to present a comprehensive analysis of the global Sodium Persulfate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Sodium Persulfate market dynamics, structure by analyzing the market segments and Project the global Sodium Persulfate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sodium Persulfate market make the report investor’s guide.
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Global Sodium Persulfate Market Scope: Inquire before buying
Global Sodium Persulfate Market
Global Sodium Persulfate Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Sodium Persulfate Market Key Players
• Aldon Corporation
• DuPont
• Evonik Industries
• Parchem Fine & Specialty Chemicals
• United Initiators
• Finoric LLC
• J & K Scientific Ltd.
• Geo-Cleanse International, Inc.
• Merck KGaA
• Monarch Chemicals
• ABC Chemicals Co., Ltd.
• Ryoko Chemical Co., Ltd.
• Stars Chemical Co., Ltd.
• VR Persulfates Pvt. Ltd.
• Yatai Electrochemistry Co., Ltd.
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