Persulfates Market anticipated to witness significant growth by 2025 Persulfates Market | Page 2

Persulfates market size would grow significantly owing to use in oil recovery and
hydraulic fracturing during upstream oil and gas application. The products is used as
a breaker which is injected with fracturing fluid or propellant to lower the viscosity after
a controlled release time. This process facilitates controllable, uniform and precise
discharge of hydrocarbons. Rising energy demand globally along with growing
investment to explore newer hydrocarbon sources may drive market size.
Europe led by Italy, UK, France and Germany persulfates market size is projected to
grow significantly in the projected timeframe. Changing fashion trends and lifestyle will
drive regional hair dye market, which may stimulate market size.
North America led by Mexico, Canada and the U.S. persulfates market size should
witness a significant growth during forecast period owing to growth in oil and gas
sector. Planned investment of over USD 70 billion for shale exploration in the U.S.
may have a positive impact on product demand owing to its extensive usage in oil &
gas sector. The product is also used in hydraulic fracturing, which is the technology
used for shale exploration, thereby driving market size.
Global persulfates market share is fragmented with major player includes Adeka
Corporation, United Initiators , Fujian ZhanHua Chemical Co., Ltd. ,Ak-Kim Kimya,
Lanxess, Ansin Chemical Co., Ltd., PeoxyChem, Hebei Jiheng Group Co., Ltd, Stars
Chemical Co., Ltd.,
Mitsubishi Gas Chemical Company, Inc., Hebei Yatai
Electrochemistry Co., Ltd. , Merck KGaA (Germany), Powder Pack Chem., Chemetrics
Inc. , and Vr Persulfates Private Limited.
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