Potassium peroxymonosulfate, commonly known as M-Pyrol or Caro's acid, is an inorganic compound used widely as an oxidizing and bleaching agent in various industrial and commercial applications. It is an odorless yellow crystalline solid that acts as a strong oxidizing agent and provides antiseptic, bleaching and antimicrobial properties. With its fast and effective disinfection and bleaching abilities, potassium peroxymonosulfate has become popular in water treatment, textile bleaching, dentistry, disinfectants, cleaners and other industrial applications.
The global Potassium Peroxymonosulfate Market is estimated to be valued at US$ 719.96 Bn 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.
Market key trends:
The rising demand for oxidizing and bleaching agents from industries such as textile, paper, healthcare, agriculture, and construction has been a key driving factor propelling the expansion of the potassium peroxymonosulfate market. Potassium peroxymonosulfate is gaining popularity as an effective oxidizer and bleaching chemical across various industrial verticals. Its wide applications range from disinfecting healthcare spaces to bleaching textiles and wood pulping. Growing construction, automotive, food processing and other manufacturing activities globally have increased the demand for versatile oxidizing and bleaching solutions like potassium peroxymonosulfate. Rapid industrialization and modernization of developing economies are expected to boost the market growth over the forecast period.
Segment Analysis
The global potassium peroxymonosulfate market size is dominated by the disinfectant and sterilant sub-segment. This sub-segment accounts for more than 60% of the overall market share owing to increasing demand from applications such as surface disinfection, water treatment and medical sterilization. Potassium peroxymonosulfate is highly effective in eliminating microorganisms such as bacteria, viruses, yeasts and molds which makes it a preferred choice for disinfecting surfaces, swimming pools, spas and water reservoirs.
Key Takeaways
The global potassium peroxymonosulfate market is expected to witness high growth. The global Potassium Peroxymonosulfate Market is estimated to be valued at US$ 719.96 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031.
Regional analysis related content comprises
North America is anticipated to be the fastest growing regional market for potassium peroxymonosulfate owing to rising per capita income, strict regulations regarding food safety and hygiene, increased spending on healthcare and expanding pharmaceutical industry. The region also has a strong presence of key players such as PeroxyChem LLC and Evonik Industries AG which further aids market growth.
Key players related content comprises
Key players operating in the potassium peroxymonosulfate market are PeroxyChem LLC, United Initiators, Ansin Chemical Co Ltd., Shangyu Jiehua Chemical Co.,Ltd. and Evonik Industries AG. PeroxyChem LLC is one of the leading manufacturers of potassium peroxymonosulfate with a wide product portfolio and strong distribution network across North America.
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