[FURL=https://www.industryarc.com/Report/16549/persulfates-market.html]Persulfates Market[/FURL] size is forecast to reach $862.83 million by 2025, after growing at a CAGR of 3.40% during 2020-2025. Persulfates are an inorganic compound with more oxygen than normal sulphates. It acts as an oxidizing agent and produced by the electrolysis of a sulfate solution. It is also known as peroxysulfate. It decomposes the material into harmless metal sulfates. Persulfates have many properties like current density, low temperature, strong oxidants with a temperate shelf life using acidic solution owing to oxidation of water. Increasing demand of persulfates in pulp, paper and textiles and the Cosmetics & personal care industry is expected to drive the persulfates market during the forecast period.Key Takeaways
Growing application of persulfates in cosmetics & personal care industry and rising demand of soil remediation techniques are expected to offer various lucrative opportunities for the growth of market.
By end user industry, electronics segment is expected to dominate the market owing to the increase in the usage of persulfates in printed circuit boards to remove moisture.
Asia Pacific dominated the persulfates market.
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Persulfates Market Overview Segment Analysis - Geography
Asia Pacific dominated the persulfates market with a share of more than 39%, followed by North America and Europe. In countries like China, India and Japan owing to the increasing demand from various end-user industries such as polymer, electronics, and cosmetics & personal care, the demand for persulfates has been increasing in the region. Growing preference of polymers over metals and rising consumer appliances demand in the region is boosting the polymer initiator sector in the region which is stimulating the persulfates market in the region
Persulfates Market Drivers
Increasing usage of persulfates in various end user industries
Ammonium persulfate is a strong oxidizing agent with a slight acrid odor. Under the cosmetics & personal care segment, ammonium, potassium, and sodium persulfates are used as oxidizing agents in hair colorants and lighteners.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the persulfates market. In 2019, the market of persulfates has been consolidated by the top five players accounting for xx% of the share. Major players in the persulfates market are PeroxyChem, United Initiators, Mitsubishi Gas Chemical Company, Ak-Kim Kimya, Adeka Corporation and Fujian Zhanhua Chemical Company among others.
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