Growing emphasis toward the product across emerging countries owing to growing per capita income will proliferate the global Organic Peroxide industry
The global organic peroxide market size is anticipated to reach around USD 1,200 million by 2025. Organic peroxide is composed of two oxygen atoms that are fused together. It is developed in different forms including solids or liquids and undergoes accelerating decomposition, which results in decomposition and burning. It exhibits diverse properties range, which depends on its composition and compounding that in turn expand applications across many multiple industries such as paper & textile, coatings & adhesives, detergents, personal care, and plastics & rubber.
Rising demand for readymade clothing from middle-class population owing to emerging trends such as brand preferences, and design wears is expected to augment the demand for organic peroxide. Furthermore, increasing demand of hardened plastics such as thermosetting plastics, plastic reinforced glasses, and polyvinyl chloride which utilizes organic peroxide, is witnessing surge in demand from construction sector is further complementing the business landscape.
The report also throws light on various aspects of the global organic peroxide industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the organic peroxide industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global organic peroxide market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Organic peroxide market is categorized into percarbonates, diacyl, ketone, peroxy esters, hydroperoxides, dialkyl, and peroxy ketals on the basis of application. The ketone peroxide segment is analyzed to grow at a CAGR of over 4% in the coming years. The growth of this segment is primarily contributed to the growing demand for fiberglass, automobile, and wood & steels structure, where it is used as a crosslinking agent is poised to catapult the segment growth.
The Asia Pacific is expected to witnessing significant growth over the forecast timeframe. Increasing establishment across the region owing to the availability of raw material, cheap labor, and a robust supply chain is driving the industry landscape. Further, growing consumption in developing such as India and China offers consumption market proximity owing to rising disposable per capita income is further expected to drive the business landscape in the coming years.
The leading players operating across the global organic peroxide market include Nouryon, NOF Corporation, Arkema, Pergan GmbH, MPI Chemie B.V, United Initiators, and Novichem, including others. The industry for organic peroxide constitutes established global players along with the growing rising presence of emerging companies. In addition, the companies are focusing on expanding their market penetration through the adoption of inorganic growth strategies.
Segment overview of organic peroxide market
- Type Overview, 2018-2025, (USD Million and Tons)
- Application Overview, 2018-2025, (USD Million and Tons)
- Chemicals & Plastics
- Adhesives & Coatings
- Paper & Textiles
- Personal Care
- Regional Overview, 2018-2025, (USD Million and Tons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- North America