Market Synopsis:
Persulfate, also known as peroxysulfate, is a
colorless, odorless, crystalline salt containing more oxygen than normal
sulfates. It is prepared by electrolysis of their analogous sulfates at
the high current density and low temperature. Persulfates are broadly
categorized into two class namely peroxymonosulfate and peroxydisulfate.
Persulfates perform different functions across
various end-use industries. They are used as chain initiators in polymer
manufacturing, which includes plastics, rubbers, latex, polymer concrete, a
polymeric coating of graphite filaments, and others. In the electronics
industry, they are used as oxidants for surface preparation applications such
as cleaning & etching of printed circuit board substrates as well as prior
to plating, coatings, and adhesive bonding on electrical components.
Persulfates further find application in the formulations of skin care and hair
care products in the cosmetics & personal care industry. Persulfates are
also utilized in the chemical industry as oxidizing agents in the preparation
of aldehydes, ketones, carboxylic acids, quinones, and a variety of other
compounds. The pharmaceutical industry uses sodium persulfate as a reagent in
the preparation of antibiotics. Furthermore, persulfates are used in the
adhesives & sealants manufacturing, oil & gas recovery, ink &
pigment synthesis, metal separation process, photographic applications, paper
& pulp manufacturing process, wastewater treatment, as well as for soil
remediation.
The rising demand for persulfates across different
end-use markets, including polymers, electronics, cosmetics & personal
care, chemical, pharmaceutical, pulp, paper & textiles, water treatment,
and others is expected to drive the global persulfates market at an encouraging
rate during the forecast period. The polymer and electronics industry is likely
to prove to be the major revenue generator for persulfates market during the
review period 2018-2023 owing to the growing preference for polymers over
metals and rising consumer appliances demand across the global.
Furthermore, many of the key players are adopting
strategies such as capacity expansion, merger & acquisition, process
upgradation, and new product launch are also likely to support the market
growth during the forecast period. For instance, in 2015, PeroxyChem, one of
the world's largest and North America's only producers of peroxydisulfates
upgraded the 55-pound bag persulfates packaging line at their Tonawanda, New
York facility to a fully automated, using state-of-the-art robotics – from bag
filling and bag closing through palletization and stretch wrapping.
However, issues related to storage and
transportation owing to its high reactivity is likely to be the major challenge
to the growth of the market.
Market Segmentation
The global persulfates market is segmented by type, application, and
region.
On the basis of the type, the global persulfates market is segmented into ammonium, sodium, potassium, and others.
On the basis of the application, the global persulfates market is segmented into polymers, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, photography, paper & pulp, textiles, water treatment, soil remediation, and others.
On the basis of the type, the global persulfates market is segmented into ammonium, sodium, potassium, and others.
On the basis of the application, the global persulfates market is segmented into polymers, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, photography, paper & pulp, textiles, water treatment, soil remediation, and others.
Regional Analysis; The
global persulfates market is segmented into five regions namely Asia Pacific,
North America, Europe, Latin America, and the Middle East and
Africa.
Asia Pacific accounted for the largest market share of the global persulfate market and is expected to show the rising demand during the forecast period. Growing demand from application segments such as polymer, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, paper & pulp, textiles, water treatment, soil remediation, and others due to rapid industrialization are likely to be contributing to the growth of the market, as of 2017 and is expected to continue growth during the forecast period.
Asia Pacific accounted for the largest market share of the global persulfate market and is expected to show the rising demand during the forecast period. Growing demand from application segments such as polymer, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, paper & pulp, textiles, water treatment, soil remediation, and others due to rapid industrialization are likely to be contributing to the growth of the market, as of 2017 and is expected to continue growth during the forecast period.
Europe accounted for the second largest market
share in 2017 and is expected to continue growing during the forecast period.
Significant demand from automotive, microelectronics, cosmetic & personal
care, chemical, oil & gas, mining, textiles are likely to drive the market
during the forecast period.
North America is the mature market for persulfates
and is expected to show steady demand during the forecast period. The growth is
driven by polymer manufacturing, electronics cleaning, cosmetics & personal
care, chemical, pharmaceutical, adhesives & sealants, oil & gas,
mining, photography, and others., as of 2017 and is expected to continue at the
same pace during the forecast period.
The Middle East & Africa is expected to exhibit
rising demand for persulfates during the forecast period mainly from the
growing construction, cosmetics & personal care, and water treatment
industry.
Latin America is expected to show the moderate
demand for persulfates during the forecast period owing to its poor economic
stability.
Key Players: The
major players operating in the global persulfates market are PeoxyChem. (U.S.),
United Initiators (Germany), MITSUBISHI GAS CHEMICAL COMPANY,
INC. (Japan), Ak-Kim Kimya (Turkey), Fujian ZhanHua Chemical Co.,
Ltd. (China), LANXESS (Germany), Stars Chemical (YongAn) Co., Ltd.
(China), Adeka Corporation (Japan), Hebei Jiheng Group Co., Ltd (China), Vr
Persulfates Private Limited (India), Hebei Yatai Electrochemistry Co., Ltd.
(China), Ansin Chemical (Shanghai) Co., Ltd. (China), Powder Pack Chem.
(India), CHEMetrics, Inc. (U.S.), and Merck KGaA (Germany)
No comments:
Post a Comment