Persulfates Market Size, Share & Trends Analysis Report By Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), By Region, And Segment Forecasts, 2022 - 2030
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.
Persulfates Market Report Highlights
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