Apr 07,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Persulfates Market.
It was estimated prior to this unanticipated outbreak that the Persulfates Market was expected to grow at a CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Persulfates are the inorganic compounds readily soluble in water and are prepared by electrolysis of their analogous sulfates at high current density and low temperature. On account of oxidation, persulfate when dissolved in water produces acidic solution. Persulfates act as strong oxidants with a temperate shelf life and they can be very economical to use when they are stored properly.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the type, the market is segmented as ammonium, potassium, and sodium persulfates. Ammonium persulfate, the cheapest persulfate amongst all the three, is a strong oxidizing agent and is majorly used in polymer manufacturing. This is also used as etchants and cleaners in PCB manufacturing. Increasing use of ammonium persulfates in the cosmetics & personal care industry is expected to drive the ammonium persulfates market with the highest CAGR, in terms of value, during the forecast period.
Based on the end-use industry, the persulfates market is segmented as polymers; electronics; cosmetics & personal care; water treatment; pulp, paper & textiles; oil & gas; soil remediation; and others. The electronics segment is expected to grow at the highest CAGR as persulfates are used as cleaning agents and etchants in the printed circuit board manufacturing, which is expected to drive the market during the foreseen duration.
In terms of regions, Asia-Pacific is estimated to dominate the overall persulfates market during the forecast period. Increasing demand from end-use industries such as pulp, paper & textiles, polymer manufacturing, and cosmetics & personal care is expected to drive the demand for persulfates in the Asia-Pacific region. Increasing concerns regarding soil pollution are expected to further boost the consumption of persulfates in soil remediation in the region.
Some of the major players in the persulfates market are-
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Persulfates Market analysis report discusses the following heads in great detail: