$1 Bn Organic Peroxide Market 2017-2022 - Chemicals & Plastics, Coatings, Adhesives & Elastomers, Paper & Textiles
DUBLIN, October 26, 2017 /PRNewswire/ --
The "Organic Peroxide Market by Type (Diacyl, Ketone, Percarbonates, Dialkyl, Hydroperoxides, Peroxyketals, Peroxyesters), Application (Chemicals & Plastics, Coatings, Adhesives & Elastomers, Paper & Textiles), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global organic peroxide market is estimated at USD 902.4 Million in 2017 and is expected to reach USD 1,069.1 Million by 2022, at a CAGR of 3.4% from 2017 to 2022
The growth of the organic peroxide market is driven by the increasing demand for organic peroxide from various end-use industries, such as construction, automotive, composites, and electrical & electronics.
The diacyl peroxide type segment is projected to be the largest type segment of the organic peroxide market during the forecast period. Diacyl peroxide is used as a free radical initiator in the polymerization process and for the polymerization of PVC. It also acts as an initiator for vinyl monomer polymerization. Furthermore, it is used as a curing agent for thermoset resins and for cross-linking of thermoplastics and elastomers. Some diacyl peroxides are also used as active pharmaceutical ingredients.
The chemicals & plastics segment is estimated to be the largest application segment of the organic peroxide market in 2017. Most of the organic peroxides are used as catalysts or intermediates in various chemical reactions. Organic peroxides are also used as initiators, accelerators, curing agents, and as free radicals for the polymerization of LDPE, PVC, and plastics. The coatings, adhesives & elastomers segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increasing infrastructural development and building activities in emerging countries.
North America is estimated to be the largest market for organic peroxide in terms of value in 2016. The growth of the market can be attributed to the increasing demand from industries, such as electrical & electronics and automotive in the region. Asia Pacific is expected to be the fastest-growing market for organic peroxide. The growth of the market in the region can be attributed to the rising demand for organic peroxides in emerging countries such as China and India.
Market Dynamics
Drivers
- Increasing Demand from Polymer Industry
- Emerging Markets for Organic Peroxide
- Growing Demand from End-Use Industries
Restraints
- Safety Issues Restricting Import/Export
- Regulations Related to Organic Peroxides' Use in Food Packaging Or Food-Contact Applications
Opportunities
- Multi-Functionality of Organic Peroxides
Challenges
- Rising Prices of Raw Material And Maintenance of Organic Peroxides
- Logistics And Storage Issues
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Organic Peroxide Market, By Type
7 Organic Peroxide Market, By Application
8 Organic Peroxide Market, By Region
9 Competitive Landscape
10 Company Profiles
- Ace Chemical Corp.
- Akpa
- Akzonobel N.V.
- Arkema
- Chinasun Speciality Chemicals Co., Ltd.
- Dongying Haijing Chemical Co., Ltd.
- Jiangsu Yuanyang Pharmaceutical Co., Ltd.
- Kawaguchi Chemical Co., Ltd.
- Lanzhou Auxiliary Agent Plant
- MPI Chemie B.V.
- NOF Corporation
- Novichem
- Pergan Gmbh
- Plasti Pigments Pvt. Ltd.
- Shaoxing Shangyu Shaofeng Chemical Co., Ltd
- Suzhou Hualun Chemical Co., Ltd.
- United Initiators
- Vanderbilt Chemicals, Llc
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