Persulfates Market to be Dominated by Electronics Segment Through 2028
Persulfates Market is
increasing owing to the demand from various end use industries.
According to TechSci Research
report, “ Persulfates Market
– Global Industry Size, By Region, Competition, Forecast and Opportunities, 2018-2028",
the
global Persulfates market is anticipated to increase at an impressive rate during
the forecast period, 2024-2028. Global Persulfates market is expected to grow
impressively through 2028 due to the growing demand from various end use
industries. Persulfates market has been growing steadily in recent years,
driven by increasing demand from various industries, including electronics,
water treatment, and cosmetics. Persulfates are a family of chemical compounds
that are widely used as oxidizing agents in many chemical reactions.
Persulfates are used in hair
dyes and bleaches. With the increasing popularity of hair coloring and styling
products, the demand for persulfates in the cosmetics industry is also
increasing.
The persulfates market is
dependent on the availability of raw materials such as sulfur and hydrogen
peroxide. Disruptions in the supply chain of these raw materials can lead to
shortages of persulfates, which can negatively impact the growth of the market.
Additionally, transportation disruptions and natural disasters can also impact
the supply chain of persulfates.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Persulfates Market"
The persulfates market has
seen several technological advancements in the last few years. For instance,
PeroxyChem developed a patented process called “Superior Activation Technology”
(SAT), which enhances the reactivity of persulfates. This technology improves
the performance of persulfates in various applications, such as soil and
groundwater remediation and pulp bleaching.
The shift toward sustainable
production practices, new product launches, and technological advancements have
been some of the major developments in the market. Additionally, increasing
demand from the water treatment industry and merger and acquisition activities
have also been driving the growth of the market. With these developments, the
persulfates market is expected to continue to grow during the forecast period,
driven by the increasing demand from various end-use industries and the need
for sustainable production practices.
Global Persulfates Market
is segmented on the basis of type and end user.
Based on type, the market is further divided into ammonium
persulfate, sodium persulfate, potassium persulfate and magnesium persulfate. Out
of these, ammonium persulfate segment is expected to hold the largest market
share during the forecast period.
Based on end user, the market is further divided
into polymers, electronics, cosmetics & personal care, pulp paper &
textiles, and others. The increasing demand for electronic devices is the primary
reason driving the segment's growth.
Major companies operating in Global
Persulfates Market are:
- Evonik Industries AG
- Mitsubishi Gas Chemical Company
- Adeka Corporation
- Merck KGaA
- Lanxess AG
- Du Pont De Nemours and Company
- Vitracoat, Inc.
- ASV Multichemie Private Limited
- GMM Coatings Private Limited
- IKV Tribology Ltd
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“Persulfates market is a
growing market with several growth drivers. The increasing demand from the
electronics industry, water treatment industry, cosmetics industry, and other
industries is driving the growth of the market. With the rise in the use of
advanced technologies, the demand for persulfates in the electronics industry
is expected to continue growing. The increasing global population and industrialization
is expected to drive the demand for clean water, which will further drive the
growth of the persulfates market in the water treatment industry. The rise in
disposable income and changing lifestyles will continue to drive the demand for
hair coloring and styling products, which will drive the growth of the
persulfates market in the cosmetics industry." said Mr. Karan Chechi, Research
Director with TechSci research, a research-based global management consulting
firm.
“Global
Persulfates Market- Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Type (Ammonium Persulfate, Sodium
Persulfate, Potassium Persulfate and Magnesium Persulfate), By End User
(Polymers, Electronics, Cosmetics & Personal Care, Pulp Paper &
Textiles, Others), By Company (2022),
By Region, Competition Forecast and Opportunities, 2028 has evaluated the future
growth potential of Global Persulfates market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Persulfates Market.
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