The ‘Global Organic Peroxide Market Share, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global organic peroxide market, assessing the market on the basis of its segments like types, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Organic Peroxide Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.5%
The increasing application of the downstream products of organic peroxide are driving the demand for the product. Downstream products of organic peroxide, such as the percarbonates are utilised in the manufacturing of home cleaning and laundry products. Hence, the increasing hygiene awareness among the population is escalating the demand for organic peroxide products.
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Meanwhile, the medicinal properties of hydro-peroxide are boosting the global organic peroxide market. Hydro-peroxide is used to give first aid because it acts as a mild antiseptic which prevents infections. Other applications of this compound include water treatment and bleaching.
Organic peroxide is used as an initiator in coatings, adhesives, and elastomers. In this regard, the heightened application of these components in the building and construction sector is fuelling the demand for the product.
In geographical terms, the Asia Pacific accounts for a significant share in the market due to the increasing expansion of the end use industries of the product. The extensive full-scale production of organic peroxide across the emerging economies of the continent such as China, is adding to the organic peroxide market growth in the region.
Organic Peroxide Industry Definition and Major Segments
Organic peroxide refers to any organic compound with two atoms of oxygen placed together. These substances are widely utilised in the industrial sector to serve various purposes. For instance, organic peroxide is ideal for sanitation. However, the thermal stability of these substances is low and they are highly reactive.
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Based on type, the market can be segmented into:
• Diacyl Peroxides
• Ketone Peroxides
• Dialkyl Peroxides
• Peroxy Ketals
By application, the market can be divided into:
• Chemicals and Plastics
• Coatings, Adhesives, and Elastomers
• Paper and Textiles
• Personal Care
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Organic Peroxide Market Trends
Technological advancements in the military and defence sector are key trends in the organic peroxide market. Ketone peroxides are crucial in marine engineering as these components are used in the development of plastic reinforced glass which are in turn is used in the manufacturing of watercrafts. Therefore, the rising marine expenditure and growing marine trading across the emerging economies are providing impetus to the market.
Meanwhile, organic peroxide is also utilised in the paper and textile sector which are witnessing a heightened demand due to the rising disposable income and rapid urbanisation across the developing countries. Over the forecast period, the anticipated increase in demand of personal care and cosmetics, due to the rising standards of living and thriving e-commerce industry, is likely to aid the organic peroxide market.
Furthermore, the rising investments and favourable policies by various governments aimed towards supporting organic peroxide start-ups are further escalating the market growth.
Key Market Players
The major players in the organic peroxide market report are:
- Arkema Group
- United Initiators GmbH
- Kawaguchi Chemical Co., Ltd.
- AkzoNobel N.V.
- PERGAN GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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