Persulfates Market to Witness Expansion
According to a research report by Stratview Research, Persulfates Market is likely to witness a healthy CAGR of 5.8% during the forecast period. 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.
Segments' Analysis
Stratview Research has segmented the Persulfates Market by Type (Ammonium, Sodium, and Potassium), by End-Use Industry Type (Polymers, Electronics, Cosmetics & Personal Care, Pulp, Paper & Textiles, Soil Remediation, Oil & Gas, Water Treatment, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the type, the market is segmented as ammonium, potassium, and sodium persulfates. 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.
In terms of regions, Asia-Pacific 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.
The following are the key players in the Persulfates Market -
· Peroxychem
· United Initiators
· Mitsubishi Gas Chemical Company
· Ak-Kim Kimya
· Adeka Corporation
· VR Persulfates
· Heibei Yatai Electrochemistry Company
· Hebei Jiheng Group
· Fujian Zhanhua Chemical Company
· Fujian Jianou Yongsheng Industry.
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