Global Persulfates Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 

Persulfates Market Growth & Trends 

The global persulfates market size is estimated to reach USD 1.10 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2022 to 2030. The growth can be attributed to the wide usage of persulfates for initiating emulsion polymerization reactions. Salts of sulfate are majorly used as radical initiators in the polymerization of certain alkenes. Persulfates are strong oxidants having excellent shelf life when stored properly. Moreover, they are economical to use, thus making them suitable for a variety of applications. 

Ammonium persulfate (APS) is used to treat metal surfaces, manufacture semiconductors, and etch copper on printed circuit boards. It is also used in the production of disinfectants. APS and hydrogen peroxide are used as oxidants in several industrial processes and are crucial constituents of standard hair bleaching products. Ammonium, sodium, and potassium persulfate are inorganic salts used as oxidizing agents in hair coloring preparations and hair bleaches. Persulfates are used in hair lighteners at a concentration of up to 60%. 

Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to a rapidly increasing manufacturing base and the growing plastics and rubber industries in the region. Additionally, rising concerns regarding water pollution in Asia Pacific are projected to fuel the demand for persulfates in the coming years. 

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Persulfates Market Report Highlights 

• In 2021, ammonium persulfate emerged as the dominant type segment with a revenue share of over 50.0%. This is attributed to its application as an etchant, a bleaching and cleaning agent, and a strong oxidizing agent
• The polymers end-use segment emerged as the dominant end-use segment with a revenue share of over 50.0% in 2021 owing to the high demand in the manufacturing of synthetic rubber for truck and automobile tires
• The electronics end-use segment is anticipated to expand at a significant CAGR of 4.0% in terms of revenue from 2022 to 2030 owing to the rapid growth of the consumer electronics sector across the globe
• Asia Pacific is projected to expand at the highest revenue-based CAGR over the predicted period owing to large rubber production in various countries including Vietnam, Malaysia, and Thailand

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Persulfates Market Segmentation

Grand View Research has segmented the global persulfates market based on type, end-use, and region: 

Persulfates Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Ammonium
• Sodium
• Potassium 

Persulfates End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Polymers
• Electronics
• Pulp, Paper, And Textile
• Oil & Gas
• Water Treatment
• Others

Persulfates Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030) 

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • Belgium
  • France
  • UK.
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Turkey
  • South Africa
  • Saudi Arabia

List of Key Players of the Persulfates Market

• Evonik Active Oxygens
• RheinPerChemie
• UI VR Persulfates
• MITSUBISHI GAS CHEMICAL COMPANY, INC.
• Fujian ZhanHua Chemical Co., Ltd.
• Ak-Kim
• Yatai Electrochemistry Co. Ltd.
• Hebei Jiheng Group
• Fujian Jianou Yongsheng Industry
• San Yuan Chemical Co., Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.