Global Persulfates Market Size, Trends & Growth Opportunity, By Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Pulp, Paper, And Textile, Oil & Gas, Water Treatment, Others), By Region and Forecast till 2027.
Global Persulfates Market.
The global Persulfates market was valued at USD 803.12 million in 2021 which expected to reach USD 1023.23 million by 2027 at a CAGR 3.52% from 2022-2027.
Persulfates are substance intensifiers that contain a particle of peroxodisulfate or peroxydisulfate, S2O82, or a particle of peroxomonosulfate or peroxymonosulfate, SO52. The global Persulfates Market can be classified based on the type and end-use industry. The Persulfates Market can be divided into three types: ammonium persulfates, potassium persulfates, and sodium persulfates. These are salts that are inorganic. The Persulfates Market can be divided into mash and paper, beauty care products and individual consideration, material, oil and gas, hardware, food, polymers, water treatment, and others based on the end-use industry. Ammonium persulfates are produced by electrolysis of a concentrated arrangement of ammonium sulfate.
Market Drivers
Increased Wastewater Treatment Projects
Persulfates are used in the water treatment industry to treat impurities such as halogenated olefins, perfluorinated chemicals, phenols, pharmaceuticals, inorganics, and others. The global increase in wastewater treatment projects is fueling the growth of the water treatment industry. The Philippines Aglipay Sewage Treatment Plant in Mandaluyong, for example, began construction in 2020. It will comply with stringent national standards that go above and beyond EU requirements in terms of reducing negative effects on Manila Bay and the Pasig River, as well as its environmental footprint.
Market challenge s
Persulfate Health Concerns. Persulfate use poses several health risks, so it is subject to a number of restrictions. For example, the New Jersey Department of Health and Senior Services has classified sodium persulfates as a hazard substance because they can cause eye, nose, and skin irritation, as well as breathing problems. Furthermore, raw materials such as persulfuric acid, which is used in the production of persulfates, have negative health effects.
Market Segmentation
The Global Persulfates Market is segmented into Type, End-use. By Type such as Ammonium, Sodium, Potassium. Further, market is segmented into By End-use such as Polymers, Electronics, Pulp, Paper, And Textile, Oil & Gas, Water Treatment, Others.
Regional Analysis
Global Persulfates Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Persulfates market. The presence of a large number of plastic manufacturing industries in countries such as China, Indonesia, and Malaysia is attributed to the growth. Thailand's plastic manufacturing industry has expanded rapidly in recent years, with approximately 5,000 companies now in operation.
North America is expected to grow at a revenue-based CAGR of during the forecast period. This is due to the presence of several market leaders in the plastic industry, such as ExxonMobil Chemical Division and DoW Chemical in the United States. The plastics industry is the country's third largest manufacturing industry. High-density polyethylene, low-density polyethylene, and linear low-density polyethylene are among the most commonly produced polymers in the United States.
Key Players
Various key players are listed in this report such as Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates ; MITSUBISHI GAS CHEMICAL COMPANY, INC. ; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group, Fujian Jianou Yongsheng Industry
Market Taxonomy
By Type
Ammonium
Sodium
Potassium
By End-use
Polymers
Electronics
Pulp, Paper, And Textile
Oil & Gas
Water Treatment
Others
By Region
North America
Latin America
Europe
China
Asia Pacific
Middle East & Africa
Key Questions Addressed by the Report
What are the Key Opportunities in Global Persulfates Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
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