Persulfates Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Persulfates market, detailing market size, projections, trends, and key players between 2023 and 2033. It covers insights into market segmentation, regional analysis, and forecasts to aid understanding and strategic planning.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $650.00 Million |
| CAGR (2023-2033) | 4.7% |
| 2033 Market Size | $1038.43 Million |
| Top Companies | EPChemicals, PCC Group, Nippon Chemical Industrial Co., Ltd., SABIC |
| Last Modified Date | 15 Nov 2024 |
Persulfates Market Report (2023 - 2033)
Persulfates Market Overview
What is the Market Size & CAGR of Persulfates market in 2023?
Persulfates Industry Analysis
Persulfates Market Segmentation and Scope
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Persulfates Market Analysis Report by Region
Europe Persulfates Market Report:
Europe represents a substantial share of the Persulfates market, with an estimated size of $214.37 million in 2023, expected to escalate to $342.48 million by 2033. The growth in this region, at an impressive CAGR of approximately 5.6%, is bolstered by stringent regulations promoting environmentally safe practices and high demand from the cosmetics sector.Asia Pacific Persulfates Market Report:
The Asia Pacific region is expected to witness significant expansion in the Persulfates market, driven by robust industrial growth and increasing demand for cleaning agents and cosmetic applications. In 2023, the market size is estimated at $120.51 million, projected to rise to $192.53 million by 2033, highlighting a strong CAGR of approximately 5.3%. Countries like China and India are the key growth contributors in this region.North America Persulfates Market Report:
In North America, the Persulfates market stands at a robust $223.15 million in 2023 and is forecasted to reach $356.49 million by 2033, reflecting a solid CAGR of around 5.5%. The United States leads the demand due to a thriving manufacturing sector and advancements in chemical applications.South America Persulfates Market Report:
The South American market for Persulfates is relatively smaller, with a size of $32.44 million in 2023, anticipated to grow to $51.82 million by 2033. This growth, at a CAGR of 4.8%, is largely driven by the food processing and textile industries, which are witnessing steady expansions.Middle East & Africa Persulfates Market Report:
In the Middle East and Africa, the Persulfates market is valued at $59.54 million in 2023, projected to grow to $95.12 million by 2033. Here, the CAGR is approximately 5.1%, driven by increasing industrial activities and the need for effective wastewater treatment solutions.Request a custom research report for industry.
Persulfates Market Analysis By Type
Global Persulfates Market, By Type Market Analysis (2023 - 2033)
The market analysis by type shows Potassium Persulfate leading the segment with a market size of $413.27 million in 2023 and expected to grow to $660.24 million by 2033. Ammonium Persulfate comes next, with a market size of $171.41 million growing to $273.83 million. Sodium Persulfate, while smaller in comparison, still commands a significant share with a size of $65.33 million in 2023.
Persulfates Market Analysis By Application
Global Persulfates Market, By Application Market Analysis (2023 - 2033)
A breakdown by application indicates that Polymerization is one of the leading sectors, valued at approximately $334.55 million with expectations to reach $534.48 million. Cosmetics account for $155.03 million, while food processing, water treatment, and other industries also contribute significantly to the market landscape, each displaying robust growth trajectories.
Persulfates Market Analysis By End Use
Global Persulfates Market, By End-Use Industry Market Analysis (2023 - 2033)
In terms of end-use industries, manufacturing is the highest contributor, positioned at $334.55 million and projected for growth. The cosmetics industry holds a significant portion too, with $155.03 million, indicating high demand for chemical safety and effective product formulations, while electronics and textiles also constitute vital segments.
Persulfates Market Analysis By Formulation
Global Persulfates Market, By Formulation Market Analysis (2023 - 2033)
Regarding formulation, the powder form of Persulfates leads the market with a size of $413.27 million in 2023, while liquid formulations and granules account for $171.41 million and $65.33 million, respectively. The preference for powder due to its versatility across applications underlies this trend.
Persulfates Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Persulfates Industry
EPChemicals:
EPChemicals offers a wide range of persulfate products with advanced manufacturing processes and commitment to sustainability.PCC Group:
PCC Group is known for its high-quality persulfate solutions, focusing on applications in the chemical, food, and cosmetic industries.Nippon Chemical Industrial Co., Ltd.:
This company specializes in producing a variety of persulfates, with a strong emphasis on innovation and quality control.SABIC:
SABIC is a global leader in specialty chemicals, providing sustainable persulfate solutions across various sectors.We're grateful to work with incredible clients.
