Persulfates Market by Type (Ammonium, Sodium, & Potassium), End-Use Industry (Polymers, Electronics, Cosmetics & Personal Care, Pulp, Paper & Textiles, Soil Remediation, Oil & Gas and Water Treatment), and Region - Global Forecast to 2022
“The persulfates market is projected to grow at a CAGR of 5.8% from 2017 to 2022.”
The persulfates market is expected 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. The increased demand for persulfates across various end-use industries, including polymers, cosmetics & personal care, pulp, paper & textiles, and water treatment is expected to drive the growth of the persulfates market across the globe. The use of persulfates in the food industry and increasing use in the cosmetics & personal care industry are expected to boost the market for persulfates. However, issues related to storage and transportation and surplus capacity in China restrain the persulfates market.
“Potassium persulfate is projected to grow at the highest CAGR during the forecast period 2017 to 2022.”
The potassium persulfate segment is projected to grow at the highest CAGR between 2017 and 2022. The use of potassium persulfate as chain initiator, oxidizer, and free radical generator in the polymer industry; as a bleaching agent in hair care products; and as a pool/spa shock in water treatment is expected to drive the demand for potassium persulfates globally.
“The persulfates market in APAC is projected to grow at the highest CAGR during the forecast period 2017 to 2022.”
The persulfates market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. The growth can be attributed to the growth of the polymer, cosmetics & personal care, pulp, paper & textiles, and soil remediation industries. Increasing urbanization and growing population are also expected to increase the demand for persulfates in the region.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments.
The break-up of primary interviews has been given below.
By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
By Designation: C Level - 50%, Director Level - 25%, and Others - 20%
By Region: North America - 60%, Europe - 20%, Asia Pacific - 10%, South America - 5%, and Middle East & Africa - 5%
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).
This research report has categorized the persulfates market on the basis of type, end-use industry, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of key players was done to provide insights on their business overviews, products & services offered, and key strategies such as new product developments, expansions, and mergers & acquisitions adopted by them to strengthen their position in the persulfates market.
Reasons to buy the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the persulfates market and provides the closest approximations of the market sizes for the overall market and its subsegments across different regions.
2. The report is expected to help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report is also expected to help stakeholders understand major competitors in the market, and gain insights to enhance their competitive position in the market.