Potassium peroxymonosulfate, commonly known as Oxone, is an oxidizing agent that releases nascent oxygen. It is used as a disinfectant and bleaching agent in various industries such as healthcare, textile processing, water treatment, and household cleaning. Potassium peroxymonosulfate finds widespread application as an alternative to chlorine for disinfecting drinking water in municipal water supplies and wastewater treatment plants. It eliminates bacteria, viruses, and other organic pollutants without producing harmful disinfection by-products. The global demand for safe and clean water has been rising steadily due to rapid urbanization, population growth, and stricter regulations, thereby creating growth opportunities for potassium peroxymonosulfate manufacturers.
The global potassium peroxymonosulfate market is estimated to be valued at US$ 719.96 billion in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Potassium peroxymonosulfate is commonly used as a pre-treatment and cleaning agent in the textile industry. It acts as an effective bleach and removes stubborn stains without damaging the fabric. With surging apparel production and sales worldwide, the textile industry is likely to remain a key end-user of potassium peroxymonosulfate in the coming years.
Market Dynamics
Potassium peroxymonosulfate market size is primarily driven by growing demand for clean water from municipal and industrial sectors. Drinking water purification and wastewater treatment plants massively utilize potassium peroxymonosulfate for disinfection as it eliminates microbes without toxic disinfection by-products released by chlorine. Stringent regulations regarding water quality discharge standards have compelled industries such as food & beverage, pharmaceutical, and power generation to adopt advanced oxidation processes employing potassium peroxymonosulfate. This is fueling revenue growth of the potassium peroxymonosulfate market. Furthermore, rising needs of textile bleaching and laundry products containing potassium peroxymonosulfate as a whitening agent is propelling the market forward. However, availability of alternative oxidizing agents may impede the growth of potassium peroxymonosulfate market to some extent during the forecast period.
Segment Analysis
The global potassium peroxymonosulfate market can be segmented as bleaching agent, disinfectants, and others. The bleaching agent dominates the global market and accounts for around 60% market share in 2024. It is dominating the market as potassium peroxymonosulfate is extensively used as bleaching agent in pulp and paper, textile, laundry industries where large volume of bleaching is required.
PEST Analysis
Political: Regulations related to use of chemical in food industries and water treatment plants influence the market.
Economic: Rising disposable incomes and growing industries like textile, pulp and paper are driving the economic growth which positively impacts the market.
Social: Rising awareness about hygiene and sanitation is increasing use of disinfectants and bleaching agents in households.
Technological: Developments in purification and filtration technologies are enhancing use of potassium peroxymonosulfate in water treatment plants.
Key Takeaways
The global potassium peroxymonosulfate market is estimated to be valued at US$ 719.96 billion in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031.
Regional analysis comprises the Asia Pacific dominates the global market and accounts for around 45% market share in 2024. The high market share is attributed to large scale presence textile, pulp and paper industries in countries like China and India which extensively use potassium peroxymonosulfate as bleaching agent.
Key players operating in the potassium peroxymonosulfate market are MegaChem, Changzhou Chemical Research Institute Co. Ltd., Aquatreat, United Initiators, and others. Key players operating in the potassium peroxymonosulfate market are focusing on expanding their production capacities and geographical footprint to cater to growing demand.
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