The Latin America, Middle East and Africa Persulfates Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 307.59 hundred tonnes, showcasing a growth of 3.4% (2024-2031).
Persulfates, including compounds like ammonium persulfate, sodium persulfate, and potassium persulfate, serve a vital role in the end-use applications of polymers across various industries. One of the key applications is as initiators in polymerization reactions. These chemicals act as radical initiators, triggering the polymerization process by generating free radicals that initiate the formation of polymer chains from monomers. Thus, the Brazil market consumed 37.82 hundred tonnes of this chemical for production of polymers in 2023.
The Brazil market dominated the LAMEA Persulfates Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $25.6 million by 2031. The Argentina market is showcasing a CAGR of 5.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 4.7% during (2024 - 2031).
The market is witnessing the emergence of advanced applications and innovative uses beyond traditional industries. For example, these chemicals are being explored in advanced oxidation processes (AOPs) to treat recalcitrant contaminants and emerging pollutants. Additionally, persulfate-based technologies are being integrated into smart treatment systems that enable real-time monitoring and control of water treatment processes, enhancing efficiency and reliability.
Ongoing research and development efforts are focused on enhancing the efficiency and efficacy of persulfate-based technologies through advanced formulations, catalysts, and process optimization techniques. Innovations in the chemical’s synthesis, activation methods, and delivery systems are driving improvements in treatment performance, enabling more effective removal of organic contaminants from water sources and industrial effluents.
Kuwait’s oil industry is characterized by significant investments in research and development (R&D) to enhance production efficiency, maximize oil recovery rates, and develop innovative technologies. This includes investments in advanced EOR techniques such as in situ chemical oxidation (ISCO), where these chemicals are key in oxidizing organic contaminants and improving oil flow properties. The focus on R&D presents opportunities for collaboration between the chemical manufacturers and Kuwaiti oil companies to develop tailored solutions for EOR applications. As per the ITA, Kuwait will spend $44 billion on oil production, exploration, and other projects by 2025. Oil accounts for around 95% of exports and approximately 90% of government export revenue. Also, Kuwait holds approximately 7% of global oil reserves and has a current production capacity of about 3.15 million barrels per day. In conclusion, the high oil production in the region is propelling the market’s growth.
Free Valuable Insights: The Worldwide Persulfates Market is Projected to reach USD 1.1 Billion by 2031, at a CAGR of 3.6%
Based on Type, the market is segmented into Ammonium, Sodium and Potassium. Based on End-use, the market is segmented into Polymers, Electronics, Oil & Gas, Pulp, Paper, & Textile, Water Treatment, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Hundred Tonnes, USD Billion, 2020-31)
By End-use (Volume, Hundred Tonnes, USD Billion, 2020-31)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-31)
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