Potassium Monopersulfate (KMPS) Market: Overview
Potassium monopersulfate (KMPS) is a non-chlorine oxidizer and is used as an oxidizing agent in the pool and spa industry. The active ingredients of Potassium monopersulfate (KMPS) are potassium sulfate, potassium monopersulfate, and potassium bisulfide. Potassium monopersulfate (KMPS) is popularly known by its trade names such as Oxone, Caroat, and non-chlorine shock. Potassium monopersulfate (KMPS) has a similar magnitude of oxidation potential as chlorine and does not form chloramines during its oxidation process. In addition, it is highly soluble in water and provides high microbiological effectiveness and powerful non-chlorine oxidation for various industrial applications. Potassium monopersulfate (KMPS) is widely used as a disinfectant in waste water treatment, swimming pools, etc., for reducing organic and microbe content of the water. It is used as a cleaning agent in printed circuit boards, as an oxidizer agent for treating wool, and as an auxiliary agent for organic chemicals. In addition, it finds application in paper recycling, carpet browning, and oral hygiene formulations.
Potassium Monopersulfate (KMPS) Market: Key Segments
The global potassium monopersulfate (KMPS) market can be segmented based on type, end-user, and region. In terms of type, the market can be segmented into tablets, powder, and granules. Powder is likely to be a leading segment of the market during the forecast period, due to a rise in the use of the powdered form of potassium monopersulfate (KMPS) in pools, spas, and the water treatment industry. Based on end-user, the market can be split into electronics, water treatment, textile, pharmaceutical, and chemical. Demand for potassium monopersulfate (KMPS) in the textile industry expected to rise significantly during the forecast period. Potassium monopersulfate (KMPS) offers low shrink resistance during the wool as well as laundry bleaching processes.
Potassium Monopersulfate (KMPS) Market: Trends & Demands
Rise in demand for oxidizing agents with low pH and alkalinity for oxidizing organic contamination in water treatment, spa, and laundry industry is expected to propel the global potassium monopersulfate (KMPS) market. potassium monopersulfate (KMPS) aids in quick cleaning of pools and leads to less usage of sanitizer due to its strong non-chlorinated oxidation potential. However, potassium monopersulfate (KMPS) is expensive compared to chlorinated oxidizers and shows up negative results for free chlorine in the FAS-DPD test and combined chlorine in the DPD test. This is anticipated to restrain the market during the forecast period. Nevertheless, increasing applications of potassium monopersulfate (KMPS) in oral hygiene formulations, printed circuit board etching, paper recycling, and precious metal extraction processes is expected to provide attractive opportunities to potassium monopersulfate (KMPS) manufacturers operating in the market.
Potassium Monopersulfate (KMPS) Market: Regional Outlook
In terms of region, the global potassium monopersulfate (KMPS) market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is a leading consumer of KMPS, followed by North America and Europe. In Asia Pacific, China, India, Japan are the leading consumers of KPMS. Increase in government efforts to provide fresh and clean water by treating bacteria and algae in order to reduce eutrophication is driving demand for potassium monopersulfate (KMPS) in water treatment applications in the region. In North America, the U.S. is anticipated to dominate the potassium monopersulfate (KMPS) market during the forecast period. Rise in applications of potassium monopersulfate (KMPS) as a bleaching agent in denture cleaning and surface treatment of metal and alloys is projected to fuel the demand for potassium monopersulfate (KMPS) in the coming years. In Europe, Germany, France, and the U.K. are leading countries dominating the potassium monopersulfate (KMPS) market. The market in the Rest of Europe is likely to expand at a rapid pace due to rapid industrialization and strong GDP growth. The market in Latin America and Middle East & Africa is expected to expand at a slow pace during the forecast period. High product costs and high dependence on raw material imports are likely to restrain the market in the regions in the near future. However, capacity expansion by major manufacturers of potassium monopersulfate (KMPS) and increase in product awareness are estimated to boost the market in both the regions during the forecast period.
Potassium Monopersulfate (KMPS) Market: Key Players
Key players operating in the global potassium monopersulfate (KMPS) market are DowDuPont, Inc., Lanxess AG, United Initiators, Ansin Chemical Co Ltd., Shangyu Jie Hua Chemical Co., Ltd. Merck KGaA, and Lonza.
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