Market Synopsis:
Persulfate, also known as
pyrosulfate, 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.
Competitive Analysis
Ø
PeoxyChem.
Ø
United Initiators.
Ø
MITSUBISHI GAS CHEMICAL COMPANY,
INC.
Ø
Ak-Kim Kimya
Ø
Fujian ZhanHua Chemical Co., Ltd.
Ø
LANXESS
Ø
Stars Chemical (YongAn) Co., Ltd.
Ø
Adeka Corporation
Ø
Hebei Jiheng Group Co., Ltd
Ø
Vr Persulfates Private Limited
Ø
Hebei Yatai Electrochemistry Co.,
Ltd.
Ø
Ansin Chemical (Shanghai) Co.,
Ltd.
Ø
Powder Pack Chem.
Ø
CHEMetrics, Inc.
Ø
Merck KGaA
Segmental Analysis:
The global persulfates market is
segmented by class, type, application, and region.
On the basis of the type, the global persulfates market is segmented into ammonium, sodium, potassium, and others. The ammonium persulfate segment is projected to lead the global persulfates market, in terms of volume, by type category during the forecast period owing to its wide application on account of its low cost and high solubility with water over other two types.
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. The electronics segment was leading
the global persulfates market in 2017 owing to the growing persulfates use as
cleaning agents and etchants in the printed circuit board manufacturing and is
projected to grow significantly during the forecast period.
Regional Analysis
The global persulfates market is
spanned across five regions namely Asia Pacific, North America, Europe, Latin
America, and the Middle East and Africa.
Asia Pacific held the largest
market share of the global persulfates market in terms of market size, as of
2017 and is expected to show significant growth during the forecast period.
Europe is likely to follow Asia Pacific in terms of market size and is expected
to remain the second largest market during the review period. North America is
another major market for persulfates, as of 2017 and is expected to show steady
demand during the forecast period.
The Middle East and Africa has
witnessed growth in the demand for persulfates and is expected to continue
growing during the forecast period.
Latin America held the least
market share of the global persulfates market in 2017 and is likely to show moderate
growth during the assessment period.
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