Persulfates Market Share, Size and Growth Report 2024
The growth of the Persulfates Market is driven by increasing demand from major end-use industries such as polymers and electronics, coupled with their diverse applications across various industrial processes.
The SNS Insider report indicates that The Persulfates Market size was valued at USD 869.70 million in 2023. It is expected to grow to USD 1180.17 million by 2032 and grow at a CAGR of 3.95% over the forecast period of 2024-2032. The Persulfates Market is witnessing significant growth owing to the increasing demand for versatile oxidizing agents across a wide range of applications. Persulfates, including ammonium, sodium, and potassium persulfate, are powerful oxidants used in various industrial processes such as polymerization, wastewater treatment, pulp and paper bleaching, and electronics manufacturing. Their ability to initiate and sustain chemical reactions under mild conditions makes them indispensable in diverse industries, driving their widespread adoption. Moreover, persulfates are preferred over traditional oxidizing agents due to their high efficiency, stability, and environmentally friendly nature, as they decompose into harmless byproducts after use. As industries continue to seek efficient and sustainable solutions for chemical processes, the demand for persulfates is expected to escalate, driving market growth and innovation.
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Major Key Players in the Persulfates Market :
l Mitsubishi Gas Chemical Company, Inc.
l United Initiators
l Fujian ZhanHua Chemical Co.
l Ak-Kim
l Adeka Corporation
l PeroxyChem
l Yatai Electrochemistry Co. Ltd.
l UI VR Persulfates
l RheinPerChemie
l Hebei Jiheng Group
l San Yuan Chemical Co. Ltd.
l Evonik Active Oxygens
l and other
Market Report Scope:
Persulfates play a crucial role across diverse industries, with significant applications in polymerization, electronics manufacturing, oil recovery, water treatment, and cosmetics. The polymer industry relies on persulfates as initiators for synthesizing synthetic rubber, latex, and various plastics, contributing to the market's growth. Additionally, persulfates serve as vital components in electronics manufacturing, particularly in the production of printed circuit boards (PCBs). However, regulatory concerns regarding their toxicity, especially in cosmetic applications, pose challenges to market expansion. The market scope encompasses these key application areas and regulatory dynamics, offering insights into the drivers, challenges, and opportunities shaping the persulfates market landscape.
Market Analysis:
The persulfates market is driven by the increasing demand from end-use industries such as polymers, electronics, and cosmetics. The versatility of persulfates in polymerization processes, coupled with their efficient role as initiators in synthetic rubber and latex production, fuels market growth. Moreover, the expanding electronics industry relies on persulfates for PCB manufacturing, contributing to market expansion. However, regulatory restrictions on persulfate use in cosmetics due to toxicity concerns may hinder market growth. Despite this challenge, technological advancements and sustainability initiatives by key players are expected to create lucrative opportunities in the persulfates market.
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Segment Analysis:
By Type
l Sodium Persulfate
l Ammonium Persulfate
l Potassium Persulfate
By End-use Industry
l Polymers
l Cosmetics & Personal Care
l Pulp Paper & Textile
l Electronics
l Oil & Gas
l Water Treatment
l Soil Remediation
l Others
