The Persulfates Market is expected to grow at > 5.8% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the 'pause button' for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Persulfates Market
Persulfates Market is likely to witness a healthy CAGR of 5.8% during the forecast period. The growth of the market for persulfates is attributed to their use for diverse functions across various end-use industries. They find extensive use as free radical generator, oxidizers, and chain initiators in polymer manufacturing. Further, in the electronics industry, they are being used as cleaning agents and as etchants, which is another growth driver, apart from being also employed in the preparations of hair care and skin care products in the cosmetics & personal care industry. Surge in these application areas is expected to bolster the consumption of persulfates in these end-use industries, which in turn, is likely to drive the market during the forecast period.
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.
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Market Scope & Market Segmentation
Persulfates Market Share: By Type
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.
Persulfates Market Share: By End-Use Industry
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research's reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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