The persulfates market is estimated to grow from USD 549.4 million in 2017 to USD 727.8 million by 2022, at a CAGR of 5.8% from 2017 to 2022. Persulfates are inorganic compounds that are highly soluble in water. They are prepared by the electrolysis of their corresponding sulfates (such as ammonium sulfate for ammonium persulfate) at low temperature and high current density. Persulfates are strong oxidants with a moderate shelf-life when stored properly. They are also very economical to use. These properties make persulfates suitable for a variety of applications.
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Based on product type, the persulfates market is segmented into ammonium, sodium, and potassium persulfates. Ammonium persulfate is the most commonly used persulfate type, globally. Ammonium persulfate is a strong oxidizing agent and is majorly used in polymers. It is also used as an etchant during PCB manufacturing. It is the least expensive among all persulfate types. The demand for ammonium persulfates in cosmetics & personal care end-use industry is projected to grow at the highest rate during the forecast period.
Based on end-user industry, the polymer segment is projected to lead the persulfates market during the forecast period. The growth of this segment can be attributed to the increasing demand for polymer from the packaging and construction industries. Persulfates are used in the polymer manufacturing as chain initiators.
By region, Asia Pacific is projected to be the fastest-growing market for persulfates globally. The increased demand for persulfates from the polymer; pulp, paper & textiles; and cosmetics & personal care industries in the region is fueling the growth of the persulfates market. In addition, the consumption of persulfates in the soil remediation industry is expected to increase during the forecast period.
The companies profiled in this market research report are PeoxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), and Fujian Zhanhua Chemical Company (China).
