Organic peroxide market is anticipated to grow at a CAGR of 4.3% during the forecast period. The organic peroxide is a carbon-containing compound holding two oxygen atoms together, which is used as activators, accelerators, initiators curing agents, hardeners, cross-linking agents, and promoters. The increasing demand for initiators in the procedure of polymerization to manufacture various sorts of polymers is driving the growth of the market. The rising demand for thermoplastics across numerous industrial applications is expected to strengthen the adoption of organic peroxide. Organic peroxides are used in the synthesis and modification of polymers, the creation of cross-linked materials such as elastomers, and health care and sanitation applications. The plastics and rubber industries are typically the most significant users of organic peroxides. According to The Observatory of Economic Complexity (OEC), in 2020 the top importers of Plastics and Rubbers were the US ($90.8 billion), China ($77.8 billion), Germany ($53.7 billion), France ($28.7 billion), and Mexico ($25 billion). Plastics and rubber were the world’s 6th most traded product, with a total trade of $782 billion. This show a strong demand for plastics and rubber which in turn significantly supports the demand for organic peroxide.
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The global organic peroxide market is segmented based on product and application. Based on product, the market is segmented into ketone peroxide, diacyl peroxides, dialkyl peroxide, percarbonates, hydro peroxides, and peroxyesters. Based on application, the market is segmented into polymer, coatings & adhesives, paper & textiles, cosmetics, rubber, healthcare, and others. The above-mentioned segments can be customized as per the requirements. Based on the product, the ketone peroxide segment is anticipated to grow at the fastest rate during the forecast period. The rising production of fiberglass on account of its increasing demand in various applications, such as automotive, aviation sector, roofing, and marine, is expected to propel the consumption of ketone peroxide for crosslinking of the polymer. Fiberglass is light, durable and strong and is impact-resistant, corrosion-resistant, and has a moderate-high strength-to-weight ratio. As fiberglass is a low-cost and highly flexible material which is used in various household products and industries. Some common places where fiberglass is used include aircraft, windows, roofing, boats, and bathtubs. This, in turn, is driving the demand for kerotine peroxide.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Organic Peroxide Market by Product
- Ketone Peroxide
- Diacyl Peroxides
- Dialkyl Peroxide
- Percarbonates
- Hydro Peroxides
- Peroxyesters
Global Organic Peroxide Market by Application
- Polymer
- Coatings & Adhesives
- Paper & Textiles
- Cosmetics
- Rubber
- Healthcare
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ACE Chemical Corp.
- AKPA Chemical
- Chinasun Specialty Products Co., Ltd.
- Kawaguchi Chemical Industry Co., Ltd.
- Lianyungang Hualun Chemical Co., Ltd.
- MPI Chemie B.V.
- Nouryon Chemicals Holding B.V.
- NOVICHEM Sp. z o.o.
- Plasti Pigments Pvt. Ltd.
- Suzhou Hualun Chemcal Co.,Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global organic peroxide market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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