Potassium Peroxymonosulfate Market, By Form (Powder, Tablet, and Others), By End-Use Industry (Electronics, Water Treatment, Textile, Pharmaceutical, Chemical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI16219 | Publish Date: April 2024 | No. of Pages: 163

Global Potassium Peroxymonosulfate Market By Overview

Introduction:

Potassium Peroxymonosulfate Market was valued at US$ 104.7 million in 2024 and is projected to grow at a CAGR of 5.7% to reach US$ 173.1 million by 2034.

Potassium peroxymonosulfate market describes the global industry that includes production, distribution, and usage of potassium peroxymonosulfate, a strong oxidizing agent with many industrial, commercial, and household uses. Oxone, which is also known as potassium peroxymonosulfate, is a triple salt compound made up of potassium monopersulfate, potassium sulphate, and potassium bisulfate. Because of its chemical makeup, it has strong oxidative properties that make it an effective and adaptable oxidizing agent.

Potassium peroxymonosulfate is frequently used in water treatment procedures to oxidize both organic and inorganic pollutants. Consequently, water is considered safe for drinking and other uses when it has been successfully cleaned of organic contaminants, odor-causing substances, and bacteria with potassium peroxymonosulfate. As a result, reduction of unpleasant odors, suppression of microbiological development in water systems, and enhanced water quality are among the prime advantages of potassium peroxymonosulfate.

Additionally, the market for potassium peroxymonosulfate includes the pharmaceutical, agricultural, and electronics industries. It is employed in the pharmaceutical industry as a sterilizing agent and disinfectant as well as a desoldering agent in electronics field. In order to protect crops, agricultural sector uses potassium peroxymonosulfate as a fungicide and bactericide in the fields. As a result of its widespread applications, intense oxidizing ability, and advantages for the environment, the potassium peroxymonosulfate market has a great deal of room to grow and propel over the forecast period.

Introduction - Potassium Peroxymonosulfate Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Potassium Peroxymonosulfate Market By Dynamics

Potassium Peroxymonosulfate Market Key Drivers:

  • Growing Need for Water Treatment  

In accordance with stricter environmental regulations and issues about water quality, strong oxidizing power of potassium peroxymonosulfate proves to be useful while effectively removing organic pollutants, micro plastics, and persistent pharmaceutical residues. It is expected that an increase in the application of potassium peroxymonosulfate for the treatment of industrial and municipal wastewater, would provide lucrative opportunities for market players.

  • A Transition to Sustainable Products  

A growing number of enterprises are adopting cleaner and more economical options due to concerns about environmental sustainability, which makes potassium peroxymonosulfate a desirable solution. The industry is growing as a result of rising understanding of the negative impacts of conventional bleaching chemicals like chlorine and the adoption of greener alternatives like potassium peroxymonosulfate.

Potassium Peroxymonosulfate Market Restrains:

Potential market share for potassium peroxymonosulfate may be restricted by the presence of substitute products. The presence of substitutes like hydrogen peroxide, chloramine B, and chlorine dioxide is a significant barrier to the market's expansion. The costlier potassium peroxymonosulfate powder compared to shock products based on chlorine is anticipated to hinder market expansion. Also, increased expenses for manufacturing may result in greater costs for goods, which may restrict market penetration—particularly in areas or businesses where prices are a vital aspect.

Potassium Peroxymonosulfate Market Opportunities:

The market is anticipated to increase further as the society has become more aware of the advantages of utilizing potassium peroxymonosulfate due to safety concerns regarding their health and the environment. The market for potassium peroxymonosulfate appears to be well-positioned for significant growth in the future because of ongoing research and development efforts targeted at lowering expenses while also aiming at increasing product efficiency.

Global Potassium Peroxymonosulfate Market By Segmentation

Potassium Peroxymonosulfate Market is segmented based on Form, End-Use Industry and Region.

Form Insights             

  • Powder: Powder is the widely used form of potassium peroxymonosulfate because of its use in the pharmaceutical sector which is having increasingly more demand of it. In cases of diarrhea, vomiting, and abnormalities of the adrenal glands, low blood potassium levels are treated with potassium peroxymonosulfate. It is also utilized in many different sectors, including chemical production and water treatment systems.
  • Tablet: Tablet form is necessary in providing regulated dosage along with features like gradual dissolving, making it a preferable option for uses in bleaching textiles and cleaning electronics. It is also an expanding market because of its simplicity and efficiency of use in various sectors.
  • Others: Others segment include alternative variants of potassium peroxymonosulfate which offer flexibility and diversity in product composition and could also find use in different specialized processes or niche sectors.

End-Use Industry Insights

  • Electronics: Electronics segment make use of PCBs (Printed Circuit Boards) which are to be cleaned and have their surface treated using potassium peroxymonosulfate in this sector. The dependability and functionality of products in electronic gadgets are improved by the application of potassium peroxymonosulfate, which guarantees clean and residue-free surfaces.
  • Water Treatment: Water Treatment segment is an expanding sector as a result of stricter rules for treating water and also due to growing water scarcity. Potassium peroxymonosulfate is utilized for algal control, odor elimination, and disinfection. Here, both liquid and powder versions are useful in treatment.
  • Textile: Textile segment has many uses for potassium peroxymonosulfate in its industry. When bleaching wool, potassium peroxymonosulfate has a low shrink resistance and is employed as an oxidizing agent in the production of wool items. As a result, during the course of the projection period, the textile segment is anticipated to increase rapidly.
  • Pharmaceutical: Pharmaceutical segment involves production companies, laboratories, and healthcare settings which employ disinfectants based on potassium peroxymonosulfate to guarantee the safety and quality of their products.
  • Chemical: Chemical segment makes use of potassium peroxymonosulfate in promoting effective and focused oxidation processes, also, potassium peroxymonosulfate makes it possible to synthesize useful chemical compounds and high-quality, pure polymers.
  • Others: This segment covers processes including treatment of leather, bleaching paper, and processing food in industries. Specific needs of manufacturers are met by liquid and granule forms of potassium peroxymonosulfate.

Regional Insights:

Regional Insights - Potassium Peroxymonosulfate Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Potassium Peroxymonosulfate Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the increasing need for wastewater management solutions and the region's expanding use of ecologically friendly products.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of issues about contamination of water, increasing expenditure on treating industrial effluent, and the region's increasing occurrence of water-borne illnesses like cholera, typhoid, and diarrhea are the key drivers of the market's expansion. Additionally, factors like the rising demand from the textile, and electronic sectors are fueling the market growth.
  • Europe market is expected to develop steadily as a result of strict environmental laws and the implementation of cutting-edge water treatment systems in the region.
  • Latin America market is an emerging region for potassium peroxymonosulfate use, and is estimated to represent steady growth which is likely to increase with the advancements in water treatment and management techniques, and a steep increase in research and development efforts which are focused on cutting expenses and for increasing product efficiency.
  • Middle East & Africa market is in its developmental stages and would represent moderate growth due to growing industrial sectors, rise in urbanization, increasing water shortages, and growing environmental concerns in the region.

Report Scope:

Attribute

Details

Market Size 2024

US$ 104.7 million

Projected Market Size 2034

US$ 173.1 million

CAGR Growth Rate

5.7%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Form - Powder, Tablet, and Others

By End-Use Industry - Electronics, Water Treatment, Textile, Pharmaceutical, Chemical, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Potassium Peroxymonosulfate Market report based on Form, End-Use Industry and Region:

Potassium Peroxymonosulfate Market, By Form:

  • Powder
  • Tablet
  • Others

Potassium Peroxymonosulfate Market, By End-Use Industry:

  • Electronics
  • Water Treatment
  • Textile
  • Pharmaceutical
  • Chemical
  • Others

Potassium Peroxymonosulfate Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Potassium Peroxymonosulfate Market By Key Players

The key players operating the Potassium Peroxymonosulfate Market includes, DowDuPont, Inc., Lanxess AG, United Initiators, Ansin Chemical Co Ltd., Shangyu Jie Hua Chemical Co., Ltd., Merck KGaA, Chemours company, Shanghai Future Chemical, VR Persulfates, and Lonza.

Global Potassium Peroxymonosulfate Market By Key Issues Addressed

Recent Development:

  • In September 2020, BASF developed an enhanced Red Phosphorus polyamide grade for Asian markets. By this novel offering, BASF it has increased the scope of products it offers for industrial and transportation uses relative to traditional materials. Currently regarded as one of the best-in-class materials, the new Red Phosphorus grade exhibits high flame-retardancy and exceptional mechanical performance with a pH release value of less than 20ppm.

Global Potassium Peroxymonosulfate Market By Company Profile

  • DowDuPont, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lanxess AG
  • United Initiators
  • Ansin Chemical Co Ltd.
  • Shangyu Jie Hua Chemical Co., Ltd.
  • Merck KGaA
  • Chemours company
  • Shanghai Future Chemical
  • VR Persulfates
  • Lonza

“*” marked represents similar segmentation in other categories in the respective section.

Global Potassium Peroxymonosulfate Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Form
    • Market Snippet, By End-Use Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Form, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Powder
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Tablet
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-Use Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Water Treatment
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pharmaceutical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • DowDuPont, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lanxess AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • United Initiators
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ansin Chemical Co Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Shangyu Jie Hua Chemical Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merck KGaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lonza.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Peroxymonosulfate Market is segmented into By Form, By End-Use Industry, and Region.

The Potassium Peroxymonosulfate market is driven by its extensive use as an oxidizing agent in various applications, including water treatment, pool and spa maintenance, and as a disinfectant in the healthcare and food industries. Additionally, the growing emphasis on eco-friendly and sustainable alternatives contributes to market growth.

The restraints in the Potassium Peroxymonosulfate market may include the challenges related to the handling and storage of the chemical, as well as regulatory considerations and safety concerns associated with its use, posing obstacles to market expansion globally.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating in the potassium peroxymonosulfate market include, DowDuPont, Inc., Lanxess AG, United Initiators, Ansin Chemical Co Ltd., Shangyu Jie Hua Chemical Co., Ltd. Merck KGaA, and Lonza.