1. What is the projected Compound Annual Growth Rate (CAGR) of the Persulfates Market?
The projected CAGR is approximately 3.7%.
Persulfates Market by Type (Ammonium, Potassium, Sodium), by End-use Industry (Plastics, Electrical & electronics, Cosmetic & personal Care, Paper & Pulp, Oil & gas, Water treatment & soil remediation, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Persulfates Market size was valued at USD 831.17 USD Million in 2023 and is projected to reach USD 1071.87 USD Million by 2032, exhibiting a CAGR of 3.7 % during the forecast period. Persulfates are potent oxidizers often applied in various industries, especially in the chemical and electronics industries. There is ammonium persulfate (APS) , sodium persulfate (SPS), and potassium persulfate (KPS). These compounds are special in that they can release sulfate radicals, which are rather reactive and good in oxidations. Persulfates are soluble easily in water and have high stability when used under proper conditions. These substances are used in polymerization processes to create a reaction, cleaning and etching to eliminate such elements, and environmental treatment to break down such components. Also, they are used in hair bleaching and as disinfectants especially in industries as well as in the commercial markets.
The increasing demand for persulfates in the plastics industry is a major driver for the growth of the persulfates market. Persulfates are used in the production of plastics to improve their strength, durability, and resistance to chemicals and heat. Other factors contributing to the growth of the persulfates market include the increasing demand for persulfates in the electrical & electronics industry, cosmetic & personal care industry, paper & pulp industry, oil & gas industry, water treatment & soil remediation industry, and others.
Type
End-use Industry
The comprehensive report on the persulfates market provides an in-depth analysis of market dynamics, drivers, challenges, and opportunities. It offers insights into:
The persulfates market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific region is the largest market for persulfates, followed by North America and Europe. The increasing demand for persulfates in emerging economies in Asia-Pacific is driving the growth of the market in this region.
The consumer side analysis of the persulfates market includes a detailed analysis of consumer behavior, preferences, and trends. The report also includes an analysis of the factors influencing consumer decisions and the impact of these factors on the persulfates market.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.7% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 3.7%.
Key companies in the market include MITSUBISHI GAS CHEMICAL COMPANY, VR PERSULFATES PVT. LTD., PeroxyChem, United Initiators, Ak-Kim Kimya, ADEKA CORPORATION, Yatai Electrochemistry Co., Ltd., Hebei Jiheng Group Co., Ltd., Fujian ZhanHua Chemical Co., Ltd., YOYO Group of Companies, and others..
The market segments include Type, End-use Industry.
The market size is estimated to be USD 831.17 USD Million as of 2022.
Growing Demand for Light Weight Vehicles Is Expected To Drive the Automotive Composites Market.
N/A
Recycling Challenges Are Expected to Hamper the Market.
N/A
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Million and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Persulfates Market," which aids in identifying and referencing the specific market segment covered.
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