Global Potassium Monopersulfate (MPS) Market
(CAGR) of 6.00%
Market Size
Global Potassium Monopersulfate (MPS) market was valued at USD 253 million in 2023 and is projected to reach USD 427.44 million by 2032. This growth reflects a compound annual growth rate (CAGR) of 6.00% during the forecast period.
Market Dynamics
Drivers - Rising Demand for Eco-Friendly Water Treatment Solutions
Restraints - Handling Hazards and Regulatory Compliance
Opportunities -Expanding Use in Veterinary and Oral Care Application Challenges - Stability and Storage Issues Limiting Shelf Life
Regional Analysis
North American MPS market is projected to grow at a CAGR of 5.14% through 2032. The U.S. dominates this regional market, driven by EPA regulations promoting chlorine alternatives in water treatment and sanitation. Rising applications in food safety and healthcare are also boosting market demand. Stringent EU REACH compliance and a strong focus on sustainability fuel Europe's MPS adoption. Germany, France, and the UK are the top consumers.
Market Segmentation Analysis
By End User
• Water Treatment
• Cleansing Agents
• Textile Treatment
• Paper and Pulp Industry
• Food and Beverage Processing
• Cosmetics and Personal Care
By Type
• Standard MPS
• Modified MPS
• Specialty
Key Company
• Lanxess AG (Germany)
• Evonik Industries AG (Germany)
• Solvay S.A. (Belgium)
• PeroxyChem LLC (U.S.)
• United Initiators GmbH (Germany)
• Shangyu Jiehua Chemical Co., Ltd. (China)
• Haihang Industry Co., Ltd. (China)
• Mitsubishi Gas Chemical Company (Japan)
• OCI Company Ltd. (South Korea)
ABOUT US
Established ourselves in the year 2015, Intel Market Reports is a popular market research company that provides an in-depth quantified market research report. The Purpose - To deliver effective and fruit-bearing market research reports. Our portfolio includes the list of 30+ companies belonging to the Fortune 500 list. We have achieved this milestone in less than half a decade.