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Persulfates Market Size
- Report ID: GMI8391
- Published Date: Mar 2024
- Report Format: PDF
Persulfates Market Size
Persulfates Market was valued at around USD 869.7 million in 2023 and is projected to witness more than 3.7% CAGR from 2024 to 2032, driven by diverse industrial applications. Persulfates, including ammonium, potassium, and sodium persulfates, are widely utilized as initiators for polymerization reactions in industries such as plastics, adhesives, and coatings. Their role in the electronics industry, particularly in the etching of printed circuit boards, has also contributed to market expansion. Additionally, persulfates find application in the cosmetics and personal care sector as hair bleaching agents.
The increasing demand for polymers and plastics, coupled with the expanding electronics and personal care industries, was fueling the market growth. Environmental concerns and regulatory trends promoting the use of eco-friendly products have led to a shift towards sustainable alternatives, which may impact the market dynamics. Moreover, the market is influenced by factors like raw material costs, technological advancements, and geopolitical considerations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Persulfates Market Size in 2023: | USD 869.7 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 3.7% |
| 2024 – 2032 Value Projection: | USD 1.16 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Type, Application, End use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Persulfates Market Scope
