PUNE, India, October 30, 2015 /PRNewswire/ --
The report "Persulfate Market by Type (Ammonium Persulfate, Sodium Persulfate, And Potassium Persulfate) and Application ( Polymers, Electronics, Cosmetics & Personal Care, Pulp, Paper & Textile, Water Treatment and Others) - Global forecast to 2020", published by MarketsandMarkets, The Persulfate Market is projected to reach USD 629.0 Million by 2020 at a CAGR of 6.44% during the period of study.
Browse 108 market data Tables and 51 Figures spread through 131 Pages and in-depth TOC on "Persulfate Market".
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The report also defines and segments the Persulfate Market with an analysis and forecast of the market size in terms of number of units sold and value. It also includes the driving and restraining factors of the persulfates market with an analysis of trends, opportunities, and challenges. The market is segmented and has been forecast on the basis of key regions, such as North America, Asia-Pacific, Europe, and Rest of the World (RoW). The market is also segmented on the basis of type and application in major countries in each of these regions.
"Polymers: Major Application for persulfates"
The persulfate market is segmented into six applications, namely, polymers, electronics, cosmetics & personal care, pulp, paper and textiles, water treatment, and others. Among these applications, polymers accounted for the largest market share in 2014 in terms of volume as well as value. Persulfates have region specific demands that are differentiated by cost. With the flourishing polymers and electronics industries in the Asia-Pacific region, it is expected to register a high CAGR of over 7% in terms of value between 2015 and 2020. Pulp, paper & textiles is the fastest-growing application segment where the oxidizing and bleaching properties of persulfate are required.
'Global Persulfate market size to reach USD 629.0 Million by 2020'
The persulfate market size is projected to reach USD 629.0 Million by 2020. In terms of value, the persulfates market size in polymers application is projected to reach USD 360.2 million by 2020, at a CAGR of 6.35% between 2015 and 2020. The growth is attributed to the growing polymers industry in India and China. The increased disposable income of the population in emerging markets of Asia-Pacific is also driving the growth of the persulfates market. Ammonium persulfate offers significant advantages over other type of persulfates in terms of value and hence, lead the market with a share of over 35%. Asia-Pacific, with its developing economies and rapidly expanding manufacturing bases, is expected to witness the highest growth market in terms of value during the forecast period.
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'Asia-Pacific accounted for approximately 60% share of the persulfate market in 2014'
Asia-Pacific was the prime market for persulfate in 2014 and is projected to register the highest CAGR between 2015 and 2020, backed by the increasing demand for persulfates in China and other Asia-Pacific countries. The overall growth of the Asia-Pacific region will be supported by the high growth of the persulfates market in China and India, which are projected to register CAGR over 7% during the forecast period. China is leading in terms of demand of persulfates, primarily due to initiatives taken by the government to be a net exporter of polymer-based products. India, on the other hand, has the highest growth rate among developing countries, and the growing disposable income of its population has enabled people to shift toward the polymer-based products.
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Asia-Pacific is projected to dominate the persulfate market by 2020, with high investments from manufacturers in capacity expansion. Europe was the second-largest market for persulfates in 2014 followed by North America. The leading players in the persulfates market are Mitsubishi Gas Chemical Company Incorporation (Japan), E.I. Du Pont de Nemours & Company (U.S.), Adeka Corporation (Japan), Ak-kim Kimya (Turkey), United Initiators (Germany), Proxychem (U.S.), Hebei Yatai Electrochemistry Company Limited (China), Hebei Jiheng Group Company Limited (China), VR Persulfates (India), and Fujian Zhanua Chemical Company Limited (China).
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