MARKET OVERVIEW
Organic peroxides are a class of chemical compounds that contain peroxide functional groups (-OO-) and are widely used as initiators, crosslinking agents, and curing agents in various industrial processes such as polymer synthesis, adhesives, and resins. Organic peroxides are highly reactive and can decompose exothermically, making them highly reactive and sensitive to heat and light. Organic peroxides find applications in various end-user industries such as automotive, construction, and personal care. The automotive industry uses them as curing agents in polymer composites and as catalysts in producing unsaturated polyester resins. In the construction industry, they are used as initiators in the production of concrete curing agents and as curing agents in the production of adhesives. The advantages of organic peroxides include their ability to accelerate the cure time of polymers, improve the mechanical properties of the outcome product, and their compatibility with a wide range of polymers. The global organic peroxide market is anticipated to boost due to the increasing demand for organic peroxides in various end-user industries.
MARKET DYNAMICS
The global organic peroxide market is growing at a significant pace owing to driving factors such as increasing demand for polyester and silicon from the polymer industry. Unlike, other chemicals while formation of peroxide, it generates useful polymer resins. Furthermore, Increasing demand from the pharmaceutical industry due to its active pharmaceutical ingredients such as diacyl peroxide is expected to drive the demand for the organic peroxide market. However, increase of regulations in import and export of organic peroxide is projected to hinder the growth of organic peroxide market.
MARKET SCOPE
The "Global Organic Peroxide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the organic peroxide market with detailed market segmentation by type, application, and geography. The global organic peroxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading organic peroxide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global organic peroxide market is segmented on the basis of type and application. On the basis of type, the organic peroxide market is segmented into, diacyl, ketone, percarbonates, dialkyl, hydroperoxides, peroxyketals, and peroxyesters. On the basis of application, the market is segmented into, chemicals & plastics, coatings, adhesives & elastomers, paper & textiles, detergents, personal care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global organic peroxide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The organic peroxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the organic peroxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the organic peroxide market in these regions.
MARKET PLAYERS
The reports cover key developments in the organic peroxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from the organic peroxide market are anticipated to lucrative growth opportunities in the future with the rising demand for organic peroxide in the global market. Below mentioned is the list of few companies engaged in the organic peroxide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the organic peroxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akpa Chemicals
- Akzonobel N.V.
- Arkema
- Chinasun Specialty Products Co., Ltd
- Mpi Chemie B.V.
- Nof Corporation
- Novichem
- Pergan Hilfsstoffe Für Industrielle Prozesse Gmbh.
- United Initiators Inc.
- Vanderbilt Chemicals Llc.