Future Market Insights Blog
The Persulfates Market is witnessing an upward trajectory, with a projected value of US$ 869.7 million in 2023 and an estimated compound annual growth rate (CAGR) of 3.7% from 2023 to 2033. This remarkable growth is attributed to the increasing adoption of persulfates by vital end-use sectors, such as electronics and plastics.
The electronics industry’s continuous expansion has resulted in a substantial increase in the demand for persulfates. These compounds are employed in the fabrication of printed circuit boards (PCBs), a crucial component of electronic devices. The ability of persulfates to etch and clean PCBs efficiently has made them indispensable in the manufacturing process, driving their demand in this sector.
The market for persulfates has grown more rapidly as a result of this. The potential for persulfates to generate revenue in the upcoming years will be driven by the development of the electrical and electronic sectors as well as the improved efficiency of polymers.
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The US electronics market is the largest in the world in terms of size. Due to the utilisation of advanced technology, an increase in the number of R&D facilities, and a growth in consumer demand, it is likely to maintain its position as the market leader during the anticipated timeframe.
As a result, this component will significantly increase market revenue in North America. The development is attributed to the existence of a sizable number of plastic manufacturing industries in nations like China, Indonesia, and Malaysia.
Key Takeaways from Market Study
“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry” says an analyst at Future Market Insights.
Key Market Players
Key players in the Persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.
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Key Segments Profiled in the Persulfates Market Survey
Persulfates Market by Type:
Persulfates Market by End Use Industry:
Persulfates Market by Region:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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