Persulfates also known by names such as peroxysulfates or peroxodisulfates are chemical compounds which contain a peroxomonosulfate or peroxodisulfate ion. They act as strong oxidants, exhibit exceptional shelf life and are inexpensive to use when stored correctly. Aqueous solutions of persulfates are used by the polymer industry as initiators in polymerization of synthetic rubber and latex. They are a major oxidizing agents and hence are used in a number of oxidizing reactions. Owing to their superior oxidizing properties they are also used in bleaching agents.
MARKET DYNAMICS
The global persulfates market is growing at a significant pace owing to driving factors such as increasing demand for persulfates by the polymers, electronics, cosmetics and personal care, pulp and paper, textile, mining, inks, pigments, dispersants, and gas and oil industries. Persulfates are used as initiators in the emulsion polymerization reactions for syntheisizing polymers of neopropene, polystyrene, acrylics, and polyvinyl chlorides. They are also used as initiators in the production of latex polymers used in applications such as paints, coatings, carpet backing etc. Another most common use of persulfates in the polymer industry is in the manufacturing of synthetic rubbers such as styrene butadiene and isopropene. While in the textile industry persulfates are used in bleaching and desizing textiles and manufacturing dyes. Persulfates are also used in the cosmetic industries to prepare hair bleaches and hair lightners. The versatility and wide range of uses of persulfates in numerous end-use industries is anticipated to spur the growth of the global persulfates market. However the allergic reactions, irritations, and rhinitis associated with cosmetic products made from ammonium persulfate is anticipated to restrict the growth of ammonia persulfates to some extent. Precautionary measures are needed to be taken care of during the handling, storage, and disposal of persulfate compounds as they pose health hazards. Issues related to handling, storage, and transportation of persulfites are anticipated to hinder the growth of persulfates to some extent.
MARKET SCOPE
The "Global Persulfates Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the persulfates market with detailed market segmentation by type, application, end-use industry, and geography. The global persulfates market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading persulfates market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global persulfates market is segmented on the basis of type, application and end-use industry. On the basis of type, the persulfates market is segmented into, potassium persulfate, ammonium persulfate, sodium persulfate, and magnesium persulfate. On the basis of application, the market is bifurcated into, enhanced oil recovery, latex polymers, etchant, hair dye, curing agent, oxidising agent, and others. Based on end-use industry, the global persulfates market is segmented into, polymers, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, soil remediation, oil & gas, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global persulfates market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The persulfates market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the persulfates market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the persulfates market in these regions.
MARKET PLAYERS
The reports cover key developments in the persulfates market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from persulfates market are anticipated to lucrative growth opportunities in the future with the rising demand for persulfates in the global market. Below mentioned is the list of few companies engaged in the persulfates market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the persulfates market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABC Chemicals (Shanghai) Co., Ltd.
- Adeka Corporation
- Ak-Kim Kimya
- Mitsubishi Gas Chemical Company, Inc
- PeroxyChem
- Powder Pack Chem
- Stars Chemical (YongAn) Co., Ltd.
- United Initiators, Inc.
- VR Persulfates Pvt Ltd
- Yatai Electrochemistry Co., Ltd.
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