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Potassium Peroxymonosulfate Market 2018-2026 Focuses On Top Companies, Research Methodology, Drivers and Opportunities

Potassium peroxymonosulfate or potassium monopersulfate is a white water soluble granular solid. Potassium peroxymonosulfate is a compound of triple salts including potassium monopersulfate, potassium bisulfate, and potassium sulfate and has molecular formula HKO6S.

Potassium peroxymonosulfate is used as an oxidizing agent in a broad array of consumer and electronic applications including oral hygiene products, pool & spa disinfections, printed circuit board etching, wool shrink proofing, paper recycling, laundry bleaches, and precious metal extraction.

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Market Dynamics

Increasing demand for oxidizing agents for applications in water treatment and spa and laundry industries is a factor aiding in growth of the global potassium peroxymonosulfate market over the forecast period (2018-2025). The advantages of potassium peroxymonosulfate such as absence of chlorine and efficient oxidation, to produce clear and sparkling water in swimming pools is driving the market growth. In addition to this, it is used as a sanitizer in treatment of spa and swimming pools to oxidized organic contamination.

Rising paper recycling trend due to increasing awareness regarding eco-friendly paper is expected to positively impact growth of the potassium peroxymonosulfate market. This is owing to use of potassium peroymonosulfate in paper re-pulping and as recycled fiber additives. According to the American Forest and Paper Association, in 2016, around 90% of the manufacturers in the U.S. used recycled paper for manufacturing of tissue products, which led to high demand for potassium peroxymonosulfate.

A major restraining factor for growth of the market is availability of alternatives such as chloramine B, chlorine dioxide, and hydrogen peroxide. Furthermore, potassium peroxymonosulfate powder is more expensive than chlorine-based shock products and this is expected to negatively affect growth of the market.

Market Outlook

Powder form segment held a significant market share in the potassium peroxymonosulfate market across the globe in 2017, due to rising demand for it from the pharmaceutical industry. Potassium peroxymonosulfate is used for the treatment of low blood level of potassium in diseases such as diarrhea, vomiting, and adrenal gland disorders. For instance, in 2017, World Health Organization (WHO) stated that globally, 1.7 billion cases of childhood diarrhoeal disease are reported every year.

Potassium peroxymonosulfate has high application in the textile industry. Potassium peroxymonosulfate is used as oxidizing agent in the production of wool goods and provides low shrink resist performance for wool bleaching. Therefore, textile segment is expected to exhibit high growth over the forecast period. For instance, according to the India Brand Equity Foundation (IBEF), in 2017, total textile market of India was valued at US$ 150 billion and which is expected to increase to US$ 250 billion market in 2019 with CAGR of 13.58 % during forecast period (2018-2025).

Asia Pacific is the fastest-growing potassium peroxymonosulfate market during the forecast period, due to rising demand for it in water treatment. Rising prevalence of water-borne diseases such as cholera, typhoid, and diarrhea in the region is a major factor for growth of the market. For instance, in 2016, around 1, 32,121 cases of cholera and over 2,420 deaths were reported by the World Health Organization (WHO) globally and Asia Pacific reported 13% of total number of cases. Furthermore, swimming pool water contains dissolved pollutants such as sweat, urine, and other excretion products of swimmers, which plays major role in spreading of diseases such as cholera, typhoid, and diarrhea. Thus, disinfection is responsible for preventing wide spread of such diseases. It is used as oxygen releasing agents in low temperature, bleaching agents in detergents formulations, and aquaculture. Therefore, the market is expected to exhibit high growth over the forecast period.

Key Players

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

Key players are strategically investing in mergers and acquisitions to enhance their market share and remain competitive in the market. For instance, in 2016, Lanxess—a leading chemical company—acquired Chemours Company, to expand business in water treatment focusing the distribution and production of the active ingredient such as potassium monopersulfate. The major core brand, Oxone is used in personal care, pool, and spa applications and the electronics industry and as active ingredient in the formulation of disinfection products.

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