Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 755 Million | USD 961 Million | 3.5% | 2021 |
FrequentlyAsked Questions
The global persulfates market cap may grow owing to the growing demand from various end-use industries. Persulfates are extensively used in numerous industrial applications which increases the demand in the global Persulfates Market. The product is also utilized as a reagent in the pharmaceutical sector and used to manufacture quinones, aldehydes, antibiotics, ketones, and carboxylic acids.
According to the Report, the global persulfates market size was worth around USD 755 million in 2021 and is predicted to grow to around USD 961 million by 2028 with a compound annual growth rate (CAGR) of roughly 3.5% between 2022 and 2028.
The global persulfates market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the increasing adoption from end-use industries such as electronics, polymer manufacturing, and cosmetics & personal care, newer applications of persulfates such as water treatment and soil remediation, and ongoing projects.
The global persulfates market is dominated by players like Mitsubishi Gas Chemical Company, Inc., Adeka Corporation, PeoxyChem, Vr Persulfates Private Limited., United Initiators, Ansin Chemical Co., Ltd., Merck KGaA (Germany), Fujian ZhanHua Chemical Co., Ltd., Hebei Yatai Electrochemistry Co., Ltd., Ak-Kim Kimya, Stars Chemical Co., Ltd., and Hebei Jiheng Group Co., Ltd, among others.
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