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Persulfates Industry Poised for Steady Growth: Anticipated 3.7 … – Future Market Insights

FMIBlog
Future Market Insights Blog
The global persulfates industry is poised for significant growth, with an estimated worth of US$869.7 million in 2023 and a projected compound annual growth rate (CAGR) of 3.7% from 2023 to 2033. This growth is driven by the rising demand for persulfates, primarily from key end-use sectors like polymers and electronics. As these industries continue to expand, the versatile applications of persulfates are expected to play a pivotal role in driving the industry’s upward trajectory over the next decade.
The rising demand for persulfates in the electronics sector, as well as growing preference in the paper, pulp, and textile industries, are predicted to propel the market. The ease of regulations in 2021 inspired industrial production operations such as electronics, polymers, and others. This, in turn, has ramped up the persulfates market’s growth. The advancement of the electrical and electronics industries, as well as the increased efficiency of polymers, will drive the persulfates revenue potential in the coming years.
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In terms of size, the US electronics market is the biggest in the world. It is anticipated to remain the market leader during the projected timeframe, owing to the use of sophisticated technology, a rise in the number of R&D centers, and rising consumer demand. Therefore, this factor will generate major revenue for the market in North America. The existence of a substantial number of plastic manufacturing sectors in countries such as China, Indonesia, and Malaysia is credited with the development.
Key Takeaways from the 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 industry 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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More Valuable Insights 
Future Market Insights, in its new offering, presents an unbiased analysis of the global persulfates industry, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), and region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
About the Chemicals & Materials at Future Market Insights 
The Chemicals & Materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
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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Future Market Insights Inc.
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Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
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