Potassium Peroxymonosulfate Market is Estimated to Witness High Growth Owing to Wide Applications in Disinfectants and Cleaning Products

Market Overview:

Potassium peroxymonosulfate is an inorganic peroxide compound used as a bleaching and oxidizing agent in various applications such as disinfectants, sterilants, cleaning products, and etchant. It exhibits strong antimicrobial activity against bacteria, viruses, and spores.

Market Dynamics:

Potassium peroxymonosulfate market is projected to grow at a significant rate during the forecast period, owing to growing demand from disinfectants and cleaning products industry. Rising awareness about health, hygiene, and sanitization has increased the demand for disinfectants and sanitizers significantly post COVID-19 pandemic. This in turn is expected to propel the demand for potassium peroxymonosulfate as it is widely used in disinfectants and sterilants formulations due to its broad-spectrum antimicrobial properties. Furthermore, potassium peroxymonosulfate also finds major application in various industrial processes as an etching and bleaching agent. Growing industrialization in developing economies is anticipated to boost the demand for etching and bleaching chemicals including potassium peroxymonosulfate during the forecast period.

Increasing Demand from the Treatment of Wastewater

The potassium peroxymonosulfate is widely used for water and wastewater treatment application. It acts as an excellent oxidizing agent that helps eliminate microorganisms, pathogens and other organic matters from industrial and municipal wastewater. With rapid urbanization and industrialization, the amounts of wastewater generated has increased manifolds across major parts of the world. This has propelled the need for effective water treatment technologies. The potassium peroxymonosulfate based solutions has emerged as one of the most effective options. It ensures complete removal of organic pollutants at affordable costs. According to various studies, the volume of wastewater generated globally is expected to witness compound annual growth rate of over 4% during the forecast period. This rising wastewater output will certainly augment the demand for potassium peroxymonosulfate from the wastewater treatment segment.

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Key Players Covered In This Report:

DowDuPont, Inc., Lanxess AG, United Initiators, Ansin Chemical Co Ltd., Shangyu Jie Hua Chemical Co., Ltd. Merck KGaA, and Lonza.

Market Segmantation:

By form

Powder
Tablet
Others (Granules)

By end-use industry

Electronics
Water Treatment
Textile
Pharmaceutical
Chemical
Others(Paper)

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Increasing Demand from the Textile Industry

Potassium peroxymonosulfate is extensively used in the textile industry for bleaching applications. It acts as a potent oxidizing agent that helps lighten the fabric color to desired shades. The textile industry has been witnessing robust expansion worldwide on account of growing apparel demand, rising disposable incomes and evolving fashion trends. This has certainly augmented the requirement for effective bleaching solutions like potassium peroxymonosulfate. The compound ensures uniform bleaching without hampering fabric quality. According to various reports, the global textile industry is likely to reach US$ 1.5 trillion by 2025. Such impressive growth of the end-use sector will definitely spur the sales volume of potassium peroxymonosulfate.

Stringent Environmental Regulations Restraining Growth

While the market shows bright prospects in light of rising applications, stringent environmental regulations regarding the use and disposal of oxidizing agents pose challenge. Potassium peroxymonosulfate is regarded as an environmentally hazardous substance due to its oxidizing properties. Exposure to the compound can cause severe health issues. Several nations and regions have set strict norms to check the irresponsible discharge of such substances into the environment. For instance, REACH in European Union has defined regulations for the manufacture, import, use and supply of potassium peroxymonosulfate. Violation may attract hefty fines and penalties. Such stringent emission control protocols increase operational costs for end-use companies which often restricts large-scale adoption of the oxidizing agent. This factor has somewhat restrained the growth momentum of global potassium peroxymonosulfate market.

Opportunities in Developing Economies

Emerging countries in Asia Pacific and Latin America currently offer attractive opportunities for potassium peroxymonosulfate market. Rapid industrialization and urbanization in these regions has increased demand for water treatment. Major utilities in developing nations are extensively using advanced oxidation processes (AOPs) using potassium peroxymonosulfate to treat industrial and municipal effluents before discharge. Additionally, the textile industry in Asia Pacific has significantly expanded over the years to cater rising apparel exports. This has boosted consumption of oxidizing agents like potassium peroxymonosulfate for pre-treatment and bleaching applications. Moreover, with economic prosperity, people are increasingly spending on apparels and other consumer goods - augmenting textile production further. Thus developing economies serve as lucrative markets that will aid market revenues in coming years.

Growing Demand from Food Processing Industry

The food processing industry has evolved rapidly worldwide fueled by changing dietary habits, rising health consciousness and busy lifestyle. Major players in this sector are increasingly using advanced sanitization methods to control microbial growth and prevent contamination. Potassium peroxymonosulfate has emerged as an effective disinfecting agent. It finds usage in numerous food applications such as cleaning fruits & vegetables, sanitizing meat and poultry, disinfecting processing equipment and facilities. The compound ensures comprehensive removal of microbes while retaining natural nutrients. Its growing adoption in food processing plants is expected to supplement market revenues over the coming decade. The global processed food market is anticipated to reach a value of over US$ 2.5 trillion by 2025, exhibiting a CAGR of more than 5%. This robust expansion will certainly boost potassium peroxymonosulfate consumption.

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Key Benefits For Stakeholders

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This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the bromine derivatives industry for strategy building.
A comprehensive global bromine derivatives market analysis covers factors that drive and restrain the market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Potassium Peroxymonosulfate market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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