Persulfates Market to See High CAGR Growth of 7.4% by 2025
Persulfates Market is expected to reach USD 891.6 million by 2025, from USD 570.4 million in 2017 growing at a CAGR of 7.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Persulfates are an inorganic compound with more oxygen than normal sulphates. It acts as an oxidizing agent and produced by the electrolysis of a sulfate solution. It is also known as peroxysulfate. It decomposes the material into harmless metal sulfates. Persulfates have many properties like current density, low temperature, strong oxidants with a temperate shelf life using acidic solution owing to oxidation of water. It is used in initiating emulsion polymerization reactions, remediation, TOC analysis, hair bleaching, micro-etching of copper printed circuit boards and many more.
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Competitive Analysis: Global Persulfates Market
The global persulfates market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of persulfates market for global, Europe, North America, Asia pacific and South America.
Major Market Competitors/Players: Global Persulfates Market
Some of the major players operating in the global persulfates market are PeroxyChem, United Initiators, Ak-Kim Kimya, MITSUBISHI GAS CHEMICAL COMPANY, INC., ADEKA CORPORATION, vrpersulfates.com., Hebei Jiheng (Group) Pharmaceutical Co.,Ltd, Fujian Zhanhua Chemical Company, TurkishExporter.Net, LANXESS, ABC Chemical, SHAANXI BAOHUA TECHNOLOGIES CO.,LTD., Ansin Chemical, Hengshui Jiamu, Powder Pack Chem. and among others.
Market Segmentation: Global Persulfates Market
The global persulfates market is segmented into type, end user and by geography.
- Based on type the global persulfates market is segmented into ammonium, sodium, & potassium and others.
- On the basis of end user the global persulfates market is classified into polymers, electronics, cosmetics & personal care, pulp, paper & textiles, soil remediation, oil & gas and water treatment and others.
- Based on geography the global persulfates market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
Major Market Drivers and Restraints:
- Increasing demand of persulfates in pulp, paper and textiles and the cosmetics & personal care industry.
- Growing polymer industry.
- Growing demand from the end-use industries.
- Issues related to storage and transportation of persulfates.
Reasons to Purchase this Report
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- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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