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Persulfates Market described in a new market report – WhaTech Technology and Markets News

The global persulfates market size was USD 730 million in 2020 and is projected to reach USD 860.8 million by 2025, at a CAGR of 3.4% between 2020 and 2025. APAC accounted for the largest share of the persulfate industry globally. Persulfates are inorganic compounds that are highly soluble in water. They are prepared by the electrolysis of their corresponding sulfates (such as ammonium sulfate for ammonium persulfate) at low temperatures and high current density. Persulfates are strong oxidants with a moderate shelf-life when stored properly. They are also very economical to use. These properties make persulfates suitable for a variety of applications.
Based on product type, the persulfates market is segmented into ammonium, sodium, and potassium persulfates. Ammonium persulfate is the most commonly used persulfate type globally. Sodium persulfate is a strong oxidizing agent and is used in polymers. It is also used as an etchant during PCB manufacturing. It is the second expensive after ammonium persulfate. The demand for ammonium persulfates in cosmetics & personal care end-use industry is projected to grow at the highest rate during the forecast period. The market for sodium persulfates is expected to grow at the highest rate during the forecast period.
Based on the end-user industry, the polymer segment will have the largest share in the persulfates market during the forecast period. The growth of this segment can be attributed to the increasing demand for polymer from the packaging and construction industries. Persulfates are used in polymer manufacturing as chain initiators.
By region, Asia Pacific is projected to be the fastest-growing market for persulfates globally. The increased demand for persulfates from the polymer, electronics, and cosmetics & personal care industries in the region is fuelling the market growth. In addition, the consumption of persulfates in the soil remediation and water treatment industry is expected to increase during the forecast period.
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The companies profiled in the persulfates market research report are PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan) and Fujian Zhanhua Chemical Company (China).
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