Persulfates Market Analysis | 2022-2028

Market Insights

"The global persulfates market size was estimated at USD 778.19 million in 2021 and is likely to grow at a CAGR of 3.44% during 2022-2028 to reach USD 989.58 million in 2028."

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Persulfates are inorganic compounds readily soluble in water and are prepared by electrolysis of their analogous sulfates at high current density and low temperature. On account of oxidation, persulfate when dissolved in water produces an acidic solution. Persulfates act as strong oxidants with a temperate shelf life and they can be very economical to use when they are stored properly.

Market Dynamics

Market Drivers

The growth of the market for persulfates is attributed to their use for diverse functions across various end-use industries. They find extensive use as free radical generator, oxidizers, and chain initiators in polymer manufacturing.

Further, in the electronics industry, they are being used as cleaning agents and as etchants, which is another growth driver, apart from being also employed in the preparations of hair care and skin care products in the cosmetics & personal care industry.

Surge in these application areas is expected to bolster the consumption of persulfates in these end-use industries, which in turn, is likely to drive the market during the forecast period.

Key Players

The following are the key players in the persulfates market (arranged alphabetically).

• Adeka Corporation
• Ak-Kim Kimya
• Fujian Jianou Yongsheng Industry
• Fujian Zhanhua Chemical Company
• Hebei Jiheng Group
• Heibei Yatai Electrochemistry Company
• Mitsubishi Gas Chemical Company
• Peroxychem
• United Initiators
• VR Persulfates.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Type

"The ammonium segment accounted for the largest market share."

The market is segmented as ammonium, potassium, and sodium persulfates. The ammonium segment accounted for the largest market share of more than 50% in 2021. Ammonium persulfate, the cheapest persulfate amongst all the three, is a strong oxidizing agent and is majorly used in polymer manufacturing. This is also used as etchants and cleaners in PCB manufacturing. Increasing use of ammonium persulfates in the cosmetics & personal care industry is expected to drive the ammonium persulfates market with the highest CAGR, in terms of value, during the forecast period.

End-Use Industry Trends

"The polymers segment accounted for the largest market share."

The persulfates market is segmented as polymers; electronics; cosmetics & personal care; water treatment; pulp, paper & textiles; oil & gas; soil remediation; and others. The polymer segment accounted for the largest share of more than 45% in 2021. The electronics segment is expected to grow at the highest CAGR as persulfates are used as cleaning agents and etchants in printed circuit board manufacturing, which is expected to drive the market during the foreseen duration.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific accounted for more than 40% market share in 2021 and is estimated to dominate the overall persulfates market during the forecast period. Increasing demand from end-use industries such as pulp, paper & textiles, polymer manufacturing, and cosmetics & personal care is expected to drive the demand for persulfates in the Asia-Pacific region. Increasing concerns regarding soil pollution are expected to further boost the consumption of persulfates in soil remediation in the region.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The persulfates market is segmented into the following categories.

By Type

• Ammonium
• Potassium
• Sodium

By End-Use Industry Type

• Polymers
• Electronics
• Cosmetics & Personal Care
• Pulp, Paper & Textiles
• Soil Remediation
• Oil & Gas
• Water Treatment
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia Italy, Turkey, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, Indonesia, Thailand and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s persulfates market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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