PUBLISHER: 360iResearch | PRODUCT CODE: 1464996
PUBLISHER: 360iResearch | PRODUCT CODE: 1464996
[194 Pages Report] The Ammonium Persulfate Market size was estimated at USD 254.79 million in 2023 and expected to reach USD 267.02 million in 2024, at a CAGR 5.02% to reach USD 359.06 million by 2030.
Ammonium persulfate (APS) is a potent oxidizing agent for multiple purposes across various industries. This inorganic compound is characterized by its white, crystalline appearance and is primarily used in the polymer chemistry field to initiate the polymerization of certain alkenes. Additionally, APS plays a crucial role in manufacturing printed circuit boards (PCB), acting as an etchant and cleaner. Moreover, it is a radical initiator in analytical chemistry to induce polymerization reactions. Its ability to serve as a powerful oxidizer makes it a valuable component in hair bleaching formulations and in producing other chemicals through oxidation processes. Given its broad application range and significant industrial value, understanding the properties, handling precautions, and application contexts of ammonium persulfate is essential for professionals in related fields. Increasing demand in the electronics sector, expanding polymer industry application, and growing ammonium persulfate utilization in water treatment plants drive market growth. However, concerns regarding handling and storage requirements with the accessibility of substitutes hinder market adoption. Nevertheless, the rise in sustainable and bio-based chemicals manufacturing coupled with significant awareness and demand for personal care and cosmetics products may find new avenues for the ammonium persulfate market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 254.79 million |
Estimated Year [2024] | USD 267.02 million |
Forecast Year [2030] | USD 359.06 million |
CAGR (%) | 5.02% |
Grade: Burgeoning usage of technical grade ammonium persulfate due to its cost-effectiveness and adequate performance for wide applications
Reagent-grade ammonium persulfate is highly purified, typically exceeding 99% purity, and adheres to stringent analytical standards. It is designed for use in laboratory settings where consistency and absence of contaminants are critical. This grade meets or surpasses the requirements set forth by standards organizations for chemical reagents, making it suitable for analytical purposes, research and development, and other scientific applications where reliability and purity are paramount. Technical grade ammonium persulfate is characterized by a lower purity level than the reagent grade, generally around 95% to 98%. While it may contain inevitable impurities not present in the reagent grade, it remains effective for various industrial applications. This grade is commonly used in processes such as polymerization initiation, as a cleaning agent in electronics manufacturing, and as an etchant. Its widespread use in commercial and industrial processes is attributed to its cost-effectiveness and adequate performance for applications that do not require the highest levels of purity.
End-User: Evolving utilization of ammonium persulfate in polymer production
In manufacturing, ammonium persulfate is widely used as an etchant and cleaner, primarily in the electronics industry, to produce printed circuit boards (PCBs). It is a strong oxidizing agent that helps clean and prepare surfaces for further processing. In the oil and gas industry, ammonium persulfate is an oxidizer used in fracturing to break down polymer chains. This action improves the efficiency of fracturing fluids in enhancing hydrocarbon production, thereby playing a critical role in the extraction processes. Ammonium persulfate finds its application in the pharmaceutical industry as a polymerization initiator in synthesizing specific polymers used for drug delivery systems. It also acts as a disinfectant and bleaching agent in various pharmaceutical applications, underlining its versatility. This compound is extensively used in the polymers industry as a polymerization initiator, especially in producing styrene-based polymers, acrylics, and other plastic materials. Its strong oxidizing properties facilitate the control of the polymerization process, ensuring the production of high-quality polymers. In the textiles & dyes sector, ammonium persulfate is employed as a bleaching agent and decolorizer to achieve desired fabric colors and qualities. It is especially preferred for its effectiveness in the cold pad-batch bleaching process and in the dyeing process for producing vibrant and long-lasting colors.
Regional Insights
In the Americas, the demand for ammonium persulfate is notably growing in the chemical manufacturing and water treatment sectors. Consumers in these regions prioritize product efficacy and environmental sustainability, influencing manufacturers to invest in eco-friendly production technologies. Recent initiatives, including the expansion of production capacities and research into less hazardous alternatives, highlight the commitment to meeting these consumer needs. EU countries exhibit a robust demand for ammonium persulfate, primarily driven by stringent environmental regulations and a strong focus on renewable energy. The cosmetics and polymer industries are significant consumers, where the emphasis is on quality and safety standards. European manufacturers are at the forefront of adopting green chemistry principles, investing in research to reduce the environmental impact of chemical processes. On the other hand, the Middle East and Africa region presents a growing market for ammonium persulfate, especially in water treatment and the mining sector. The demand is fueled by industrial expansion and the necessity for clean water in arid regions. Investments are primarily directed towards enhancing production efficiency and exploring untapped markets, with a growing emphasis on sustainability. Asia Pacific is involved in patents and innovative applications of ammonium persulfate, notably in the electronics and textile industries. Japan and India similarly show substantial growth, driven by consumer electronics and chemical manufacturing industries. Investments in this region focus on expanding production capacities and improving supply chain efficiency to meet the surging demand.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Ammonium Persulfate Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ammonium Persulfate Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Ammonium Persulfate Market, highlighting leading vendors and their innovative profiles. These include ABC Chemicals (Shanghai) Co. Ltd., Adeka Corporation, Ak-kim Kimya Sanayi ve Ticaret A.S, AquaPhoenix Scientific, LLC., ATAMAN Acar Kimya A.S., Calibre Chemicals Pvt. Ltd., Chikamochi Pure Chemical Co., Ltd., Fujian Ming LinTechnology Co., Ltd., Fujian ZhanHua Chemical Co., Ltd., LANXESS AG, Merck KGaA, Mitsubishi Gas Chemical Company, Inc., Otto Chemie Pvt. Ltd., Powder Pack Chem, San Yuan Chemical Co., Ltd., Shaanxi Baohua Technologies Co. Ltd., SHANGHAI CHEMEX GROUP LTD., SIEBTECHNIK TEMA GmbH, Stars Chemical (YongAn) Co. Ltd., TRIANGULUM CHEMICALS PRIVATE LIMITED, United Initiators GmbH, VR Persulfates Pvt. Ltd., WEGO CHEMICAL GROUP, and Yatai Electrochemistry Co., Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
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