Global Organic Peroxide Market Size study & Forecast, by Type (Diacyl peroxide, Ketone peroxide, Percarbonates, Dialkyl peroxide, Hydro-peroxide, Peroxy ketals, Peroxyesters), By Application (Chemicals & plastics, Coatings, Adhesives, Elastomers, Paper &

Global Organic Peroxide Market Size study & Forecast, by Type (Diacyl peroxide, Ketone peroxide, Percarbonates, Dialkyl peroxide, Hydro-peroxide, Peroxy ketals, Peroxyesters), By Application (Chemicals & plastics, Coatings, Adhesives, Elastomers, Paper & textiles, Detergents, Personal care, Others) and Regional Analysis, 2022-2029

Global Organic Peroxide Market is valued at approximately USD 1025.9 million in 2021 and is anticipated to grow with a healthy growth rate of more than 3.4% over the forecast period 2022-2029. Organic peroxides are a class of chemicals that contain the peroxide functional group (-O-O-) and are used as initiators, crosslinking agents, and oxidizing agents in a variety of industrial processes. The market demand is primarily driven by the factors such as growing demand for organic peroxide in various end-use industries, increasing manufacture of thermoplastics and polymers and rising production of coatings and adhesives.

In addition, the increasing production of synthetic rubber and elastomers are acting as major driving factors for market growth. According to The International Rubber Study Group (IRSG), the global production of natural rubber increased by 5.4% from 13.065 million tonnes in 2020 to 13.770 million tonnes in 2021. Similarly, according to the National Bureau of Statistics China, the production of tires from January to August 2021 was 596.04 million which increased by 22.1% compared to the same period in 2020. The increasing production of rubber and thermoplastics which uses organic peroxide in the manufacturing process is expected to escalate the demand in the global market. Furthermore, the increasing demand in the automotive and aerospace industries and versatile uses of organic peroxide is presenting lucrative opportunities for market growth over the forthcoming years. However, the growing trend of alternative technologies for organic peroxide is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Organic Peroxide Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to the growing demand for engineering plastics. Whereas, North America is also expected to grow at the highest growth rate over the forecasting period. Factors such as the rising production of coatings and adhesives and growing textile industries are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Akzo Nobel N.V.
Arkema
United Initiators GmbH
PERGAN GmbH
NOF Corporation
Novichem Sp. z o.o.
Chinasun Specialty Products Co., Ltd.
MPI Chemie BV
AKPA CHEMICAL
Vanderbilt Chemicals, LLC
Recent Developments in the Market:
 In October 2022, Arkema, a multi-national manufacturer of specialty materials announced that The Dodler Company, Weber & Schaer and Univar Solutions will distribute Arkema’s Luperox and Retic organic peroxides for crosslinking market in various European countries.
 In July 2022, United Initiators announced the completion of building the new TBHP-TBA facility with 25 ktons capacity in the Anhui Province of China. The new plant is the organization's first move towards producing organic peroxides for downstream use. Through this expansion, the company has improved both its product offering and its market presence.

Global Organic Peroxide Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Diacyl peroxide
Ketone peroxide
Percarbonates
Dialkyl peroxide
Hydro-peroxide
Peroxy ketals
Peroxyesters
By Application:
Chemicals & plastics
Coatings, adhesives & elastomers
Paper & textiles
Detergents
Personal care
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Companies Mentioned
Akzo Nobel N.V.
Arkema
United Initiators GmbH
PERGAN GmbH
NOF Corporation
Novichem Sp. z o.o.
Chinasun Specialty Products Co., Ltd.
MPI Chemie BV
AKPA CHEMICAL
Vanderbilt Chemicals, LLC

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