Global Organic Peroxide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Organic Peroxide Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global organic peroxide market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global organic peroxide market report has been segmented on the basis of product, application, and region.
Organic peroxide is an organic compound with two oxygen atoms joined together. It is widely used in plastic manufacturing to initiate polymerization. The organic peroxide is used in the production of plastics such as polyvinyl chloride, polystyrene, etc.
Growing textile industry in developing and developed economies owing to the growing population and increasing disposable income of consumers is a major factor expected to drive revenue growth of the organic peroxide market over the forecast period. Moreover, increasing demand for organic peroxide in personal care, detergents, and packaging industry as a catalyst is expected to support revenue growth of the target market.
However, fluctuating raw material prices is expected to restrain revenue growth of target market over the forecast period.
On the basis of product, the benzoyl peroxide segment is expected to grow at the higher growth rate in terms of revenue over the forecast period. Rising demand for benzoyl peroxide in medication, industrial chemicals, hair bleaching, cloth bleaching, teeth cleaning, and other applications are expected to drive revenue growth of this segment over the forecast period.
On the basis of application, the textile segment is expected to account major revenue share in the target market. Rising population coupled with the adoption of western fashion, designer wears, and brand preferences in developing countries are expected to drive revenue growth of this segment over the forecast period. Moreover, the rising demand for textile products such as curtains and carpets in the infrastructure sector is expected to support revenue growth of this segment.
Asia Pacific market is expected to account major revenue share in the global organic peroxide market. Rising demand for plastic products in various end-use applications is expected to drive revenue growth of Asia Pacific organic peroxide market over the forecast period. Moreover, growing personal care industry in the region is expected to support revenue growth of the organic peroxide market in the Asia Pacific. Asia Pacific accounts for the major revenue share of the global organic peroxide market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively. The organic peroxide market in North America is expected to grow at a steady rate in terms of revenue over the forecast period. Growing textiles and personal care sector is major factor expected to drive revenue growth of the target market in North America. Moreover, increasing demand for plastics in various industry verticals such as automotive, construction, electrical and electronics, and others is expected to support revenue growth of target market in the region.
Market Segmentation and Key Players Operating in the Global Organic Peroxide Market:
By Product Type:
- Diacetyl Peroxide
- Ketone Peroxide
- Benzoyl Peroxide
- Others (Dialkyl peroxide, Hydro-peroxide, and Peroxyesters)
- Personal Care
- Paper & pulp
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Akzo Nobel N.V.
- Arkema S.A.
- United Initiators GmbH & Co. KG
- PERGAN GmbH
- NOF Corporation
- MPI Chemie B.V.
- Novichem Sp. z o.o.
- Chinasun Specialty Products Co., Ltd.
- Akpa Kimya
- Roma Organics Pvt.Ltd.
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