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Organic Peroxide Market Projected to Reach USD 2.1 Billion by 2020: M&M

Published on 2015-09-02. Author : SpecialChem

The report “Organic Peroxide Market by Type (Diacyl Peroxides, Ketone Peroxides, Peroxyesters, Percarbonates, Dialkyl Peroxides, Peroxy Ketals, Hydro-Peroxides), Applications (Chemical & Plastic, Coating Adhesives & Elastomers, Paper & Textiles, Detergents, Personal Care), Geography - Global Industry Trends & Forecasts to 2020” defines and segments the organic peroxides market with an analysis and forecast of the market size in terms of value and volume.

Fig. 1: M&M

It also identifies the driving and restraining factors of the organic peroxides market with an analysis of trends, opportunities, and challenges. The market is segmented and has been forecast on the basis of key regions, such as North America, Asia-Pacific, Europe, and Rest of the World. The market is also segmented on the basis of type and application in major countries in each of these regions.

“Chemical & Plastic- Major Application for organic peroxides”

The organic peroxides market is segmented into seven applications, chemical & plastic, coating adhesives & elastomers, paper textiles, detergents, personal care, and others. Among these applications, chemical & plastic accounted for largest market share in 2014 in terms of value as well as volume. Organic Peroxides have region specific demands that are differentiated by placement, cost, and efficiency. These demands are also governed by the prevailing environmental laws, as in Europe and North America the stringent environmental laws calls for more environmentally friendly products.

‘Global organic peroxides market size to reach USD 2.1 billion by 2020’

The organic peroxides market size is projected to reach USD 2.1 Billion by 2020 at a CAGR of 6.6%. In terms of value, the organic peroxides market size in chemical & plastics application is projected to reach USD 1.2 Billion by 2020, at a CAGR of 6.2% between 2015 and 2020. The market in North America accounted for the largest share of the organic in 2014 and is projected to be the third fastest-growing market after Asia-pacific and Rest of World in terms of value, between 2015 and 2020. The growth is attributed to the increasing demand from the chemical industry and bleaching applications in developing countries, such as India, China, and Indonesia. India is projected to be the fastest-growing country in the Asia-pacific region followed by China.

‘North America and Asia-Pacific accounted for approximately 65% share of the organic peroxides market in 2014’

North America was the major market for organic peroxides in 2014, which is projected to register the second highest CAGR in terms of volume after Asia-Pacific between 2015 and 2020, owing to the increasing demand from end-user industries, such as chemical & plastic and coatings, adhesives and elastomers. North America is expected to continue its domination the organic peroxide market by 2020, with high investments from manufacturers in capacity expansion. Asia-Pacific was the second-largest market for organic peroxides in 2014.

The leading producers of organic peroxides are AkzoNobel NV (The Netherlands) , Arkema SA (France), Solvay SA (Belgium), MPI Chemie BV (The Netherlands), United Initiators (Germany), Pergan GmbH (Germany), Novichem (Poland), Vanderbilt Chemicals, LLC (U.S.), Apka Kimya Ambalaj Sanayi Ticaret Ltd (Istanbul), Suzhou Hualun Chemical Company Ltd. (China)

Organic peroxides are the most commonly used chemicals in various industries, which have significantly growing over the last decade. Its application in accelerator, initiator, cross-linking agent, hardeners, activator, and curing and vulcanization agent makes organic peroxides versatile chemicals used in polymer chemistry. It is also used as bleaching and disinfecting agent. Organic peroxides are commonly used as important ingredients in explosives.

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