The North America Persulfates Market would witness market growth of 3.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 366.06 hundred tonnes, showcasing a growth of 17.6% (2020-2023).
Ammonium persulfate is a powerful oxidizing agent commonly used in various industrial and scientific applications. It is a white, crystalline salt with the chemical formula (NH4)2S2O8. One of its primary uses is as an initiator for polymerization reactions, particularly in the production of acrylics, vinyl polymers, and elastomers. In the electronics industry, ammonium persulfate is utilized for etching copper-clad printed circuit boards (PCBs) as it effectively removes copper during the manufacturing process. Thus, the US market consumed 248.52 hundred tonnes of ammonium persulfate in 2023.
The US market dominated the North America Persulfates Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $167.7 million by 2031. The Canada market is experiencing a CAGR of 3.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.3% during (2024 - 2031).
These chemicals are extensively used in water treatment processes to oxidize and degrade organic contaminants. These contaminants include volatile organic compounds (VOCs), chlorinated solvents, pesticides, and pharmaceuticals in industrial wastewater, groundwater, and surface water sources. These chemicals offer an effective solution for the remediation of contaminated sites and ensuring the safety and quality of water resources.
In the electronics industry, these chemicals are utilized as etchants to produce printed circuit boards (PCBs). Persulfate-based etchants effectively remove unwanted copper from PCB substrates, thereby defining circuit patterns and facilitating the manufacturing of electronic components with high precision and reliability.
According to the International Trade Administration (ITA), Mexico is one of the largest oil producers in the world (with 1.6 million barrels produced daily in 2022) and the fourth largest in the Americas after the United States, Canada, and Brazil. In 2022, Mexico ranked 13th globally in crude oil production, 21st in crude oil reserves, 16th in refined capacity, and fifth in logistics infrastructure. Moreover, according to the Government of Sri Lanka’s Apparel Industry in Canada & Market Opportunities report, in 2020, the apparel industry in Canada was valued at 23.85 billion Canadian dollars. Projections in this report indicate a growth to 28.53 billion Canadian dollars by the conclusion of 2024. Additionally, the revenue generated by the Canadian apparel industry reached 37.5 billion USD in 2022. Thus, the growing oil sector and increasing apparel industry in the region drive the market’s growth.
Free Valuable Insights: The Persulfates Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
`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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