Persulfate - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Persulfate market is accounted for $682.78 million in 2018 and is expected to reach $1,096.09 million by 2027 growing at a CAGR of 5.4% during the forecast period. Some of the key factors such as growing demand from end-use industries and strong oxidizing properties are driving the market growth. However, issue in storage & transportation of persulfates is the restraining factor for the growth of the market.
Persulfate is well-known as peroxysulfate. It is a lifeless compound, which is readily soluble in water and is prepared by electrolysis of their analogous sulfates at low temperature and high current density. Dissolving persulfate in water produces acidic solution due to oxidation of water. Persulfate act as tough oxidants with a temperate shelf life and it can be extremely economical to use when they are stored correctly.
By end user, water treatment segment is likely to have a huge demand in the forecast period due to the increasing usage of persulfate as oxidizing agents for the treatment of water. With the increasing concerns about the surroundings, the utilization of persulfate in the water treatment industry is driving the demand.
On the basis of geography, Asia Pacific is going to have a lucrative growth due to the increasing demand from end-use industries such as polymer manufacturing, electronics, and cosmetics & personal care in the region.
Some of the key players in Persulfate Market include Adeka Corporation, Ak-Kim Kimya, Chemetrics Inc, Fujian Jianou Yongsheng Industry, Fujian Zhanhua Chemical Company, Hebei Jiheng Group, Heibei Yatai Electrochemistry Company, Lanxess, Merck KGaA (Germany), Mitsubishi Gas Chemical Company, Peroxychem, Powder Pack Chem, Stars Chemical Co., Ltd., United Initiators and VR Persulfates.
• Potassium Persulfate
• Ammonium Persulfate
• Sodium Persulfate
• Magnesium Persulfate
• Polymer Initiator
• Oxidation, Bleaching & Sizing Agent
• Enhanced Oil Recovery
• Hair Dye
• Curing Agent
• Latex Polymer
• Adhesives & Sealants
End Users Covered:
• Electrical & Electronics
• Pulp, Paper & Textile
• Cosmetics & Personal Care
• Groundwater Treatment & Soil Remediation
• Water Treatment
• Oil & Gas
• Automobile Tyre
• Soil Stabilization
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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