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Ammonium Persulfate (APS) Market Report Overview
global ammonium persulfate market size was USD 222 million in 2020 and market to touch USD 294.65 million by 2032 at CAGR 2.4% during the forecast period.
Ammonium persulfate (APS) is a chemical compound with the formula (NH₄)₂S₂O₈. It is a white, crystalline solid that is highly soluble in water. APS is a strong oxidizing agent and is commonly used in various chemical and industrial processes.
The market for ammonium persulfate is influenced by several factors, including industrial demand, applications, and regional economic conditions. The electronics industry, particularly in the manufacturing of printed circuit boards (PCBs), is a significant consumer of ammonium persulfate. APS is used as an etchant in PCB production.
COVID-19 Impact: Market Faced a Fall in Demand Due to Supply Chain Disruptions During the Pandemic
The global COVID-19 pandemic has been unprecedented and staggering, with the Ammonium Persulfate (APS) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The lockdowns and restrictions imposed to curb the spread of the virus have disrupted supply chains globally. This has affected the production and transportation of chemicals, potentially leading to shortages or delays in the supply of ammonium persulfate.
Latest Trends
"Emphasis on End-User Industry Trends to Make Market More Efficient"
The Ammonium Persulfate (APS) market is as dynamic as any other market. Monitoring trends in key industries that use APS, such as electronics, plastics, and adhesives, can provide indications of market developments. For example, the increasing demand for electronics could drive growth in the APS market.
Ammonium Persulfate (APS) Market Segmentation
- By Type Analysis
According to type, the market can be segmented into below 99.0% and over 99.0%.
In terms of services, over 99.0% is the largest segment. High-purity ammonium persulfate (typically 99.0% or higher) is often preferred for various applications, including polymerization reactions and electronics manufacturing.
- By Application Analysis
Based on application, the market can be divided into chemical industrial, electronic industrial, petroleum industrial, textile industrial, and others.
In terms of services, chemical industry is the largest segment. Ammonium persulfate (APS) is widely used in the chemical industry for various applications due to its strong oxidizing properties
Driving Factors
"Polymer Industry Growth has Increased Demand in the Market"
The polymer industry is a significant consumer of ammonium persulfate. As the demand for polymers and plastics continues to grow in various sectors such as packaging, automotive, and construction, the need for APS as a polymerization initiator increases. The growth of the polymer industry is a significant driver for the ammonium persulfate (APS) market. Ammonium persulfate is widely used as a polymerization initiator in the production of various polymers and plastics. The interdependence between the polymer industry and the APS market highlights the importance of monitoring trends and developments in polymer applications. As the polymer industry continues to evolve and expand, the demand for ammonium persulfate as a key initiator is likely to follow suit.
"Demand for Specialty Chemicals has Influenced the Demand in the Market"
Ammonium persulfate is a key component in the production of various specialty chemicals, including adhesives, sealants, and surfactants. The growth in demand for specialty chemicals for specific applications contributes to the overall demand for APS. The demand for specialty chemicals is a key driver for the ammonium persulfate (APS) market. Specialty chemicals are unique and high-value chemicals used for specific applications in various industries. Ammonium persulfate, with its strong oxidizing properties, finds applications in the production of specialty chemicals. In this way this factor resulted in Ammonium Persulfate (APS) market growth.
Restraining Factor
"Safety Concerns lead to a Declining Trend in the Market "
Ammonium persulfate is a strong oxidizing agent and can pose safety risks if not handled properly. Concerns related to the safe transportation, storage, and handling of APS may lead to regulatory scrutiny and impact market growth. As a consequence, there will be a declining trend in the market.
Ammonium Persulfate (APS) Market Regional Insights
"North America Region Dominates the Market owing to Strong and Developed Industrial Base"
North America has the largest Ammonium Persulfate (APS) market share as it has a robust industrial base, including a well-established chemical manufacturing sector. The demand for ammonium persulfate is closely tied to industrial applications such as polymerization and electronics, where the U.S. has a significant presence. The U.S. is a major consumer of polymers in various industries, including packaging, automotive, and construction. The growth of the polymer industry, where ammonium persulfate is a key initiator, contributes to the demand for APS in North America. The electronics industry, a major consumer of ammonium persulfate for PCB manufacturing, is well-developed in North America. The region is home to numerous electronics manufacturing facilities, supporting the demand for APS. North America has stringent environmental regulations, and the awareness of environmental and safety considerations in chemical processes is relatively high. Ammonium persulfate, with its specific properties, may align with certain environmental standards, influencing its use in the region.
Key Industry Players
"Key Players Focus on Quality Assurance and Research & Development for Market Expansion"
Key players in the ammonium persulfate (APS) market are typically companies that play a significant role in the production, distribution, and supply of ammonium persulfate. These companies are involved in various activities to meet the demand for APS from diverse industries. Companies invest in research and development to improve the production processes, explore new applications for ammonium persulfate, and enhance the overall efficiency and safety of APS. This helps in staying competitive and meeting evolving industry demands. Ensuring the quality and safety of ammonium persulfate is a priority for key players. They implement quality assurance measures and adhere to regulatory compliance to meet industry standards and address environmental and safety concerns. Many key players operate globally, establishing a presence in key markets to tap into regional demands. This may involve setting up manufacturing facilities, distribution centers, and partnerships in various regions to cater to a broader customer base.
LIST OF TOP AMMONIUM PERSULFATE (APS) COMPANIES
- United Initiators(Germany)
- PeroxyChem(U.S.)
- Fujian ZhanHua Chemical(China)
- Yatai Electrochemistry(China)
- Ak-Kim(India)
INDUSTRIAL DEVELOPMENT
June 2019: Growing awareness of environmental sustainability and regulatory requirements for eco-friendly solutions can drive the development of greener technologies and processes, impacting the demand for ammonium persulfate in environmentally friendly applications.
Report Coverage
The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.
Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 222 Million in 2020 |
Market Size Value By |
US$ 294.65 Million by 2032 |
Growth Rate |
CAGR of 2.4% from 2020 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global Ammonium Persulfate (APS) market expected to touch by 2032?
The global Ammonium Persulfate (APS) market is expected to touch USD 294.65 million by 2032.
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What CAGR is the Ammonium Persulfate (APS) market industry expected to exhibit by 2032?
The global Ammonium Persulfate (APS) market is expected to exhibit a CAGR of 2.4% by 2032.
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What are the factors which help in pushing the Ammonium Persulfate (APS) market?
The demand for specialty chemicals and rising polymer industry are the driving factors of the Ammonium Persulfate (APS) market.
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Which are the key players or most dominating companies functioning in the Ammonium Persulfate (APS) market?
The Ammonium Persulfate (APS) market segmentation that you should be aware of, which includes, Based on type the Ammonium Persulfate (APS) market is classified as below 99.0% and over 99.0%. Based on application the Ammonium Persulfate (APS) market is classified as chemical industrial, electronic industrial, petroleum industrial, textile industrial, and others.
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