The Persulfates Market is Predict to reach USD 1.1 Billion by 2031, at a CAGR of 3.6%

08-May-2024 | Report Format: Electronic (PDF)

Persulfates Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Persulfates Market size is expected to reach $1.1 billion by 2031, rising at a market growth of 3.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,107.27 hundred tonnes experiencing a growth of 17.9% (2020-2023).

The persulfates market refers to the global industry involved in the production, distribution, and utilization of persulfate compounds. These powerful oxidizing agents are widely used in various industrial processes and applications. Persulfates, including compounds such as ammonium persulfate (APS), sodium persulfate (SPS), and potassium persulfate (KPS), play a crucial role in water treatment, polymer manufacturing, electronics fabrication, environmental remediation, and other sectors.

Persulfates Market Size - By Region

The Ammonium segment led the Global Persulfates Market by Type in 2023; thereby, achieving a market value of $538.9 million by 2031. Ammonium persulfate (APS) is a highly versatile persulfate compound with a wide range of applications across various industries. It is commonly used as an oxidizing agent, initiator, and polymerization catalyst in diverse applications such as PCB manufacturing, textile bleaching, hair bleaching, polymer synthesis, and water treatment.

The Polymers segment is growing at a CAGR of 3.1 % during the forecast period. Persulfates, such as ammonium persulfate (APS) and potassium persulfate (KPS), are commonly used as initiators in the polymerization process. When combined with monomers and appropriate reaction conditions (e.g., temperature), persulfates decompose to generate sulphate radicals, which initiate the polymerization reaction.

Full Report: https://www.kbvresearch.com/persulfates-market/

The Asia Pacific region dominated the Global Persulfates Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $522.8 million by 2031. The Europe region is anticipated to grow at a CAGR of 3.1% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 3.3% during (2024 - 2031).