Global Benzoyl Peroxide Market Growth 2023-2029

Global Benzoyl Peroxide Market Growth 2023-2029

Benzoyl peroxide (BPO) is an organic compound in the peroxide family. It is white, granular, crystalline solid and it is tasteless and has faint odour of benzaldehyde. It is manufactured by using benzoyl chloride and hydrogen peroxide as basic raw material. It is mainly used as polymerization initiator or curing agents in the chemical and plastics industry.

Common commercially available benzoyl Peroxide contain over powder, paste and liquid with variety of content. But this report mainly covers the 50% benzoyl peroxide powder and 50% benzoyl peroxide paste, and the volume of benzoyl peroxide is calculated by these two products.

LPI (LP Information)' newest research report, the “Benzoyl Peroxide Industry Forecast” looks at past sales and reviews total world Benzoyl Peroxide sales in 2022, providing a comprehensive analysis by region and market sector of projected Benzoyl Peroxide sales for 2023 through 2029. With Benzoyl Peroxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Benzoyl Peroxide industry.

This Insight Report provides a comprehensive analysis of the global Benzoyl Peroxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Benzoyl Peroxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Benzoyl Peroxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Benzoyl Peroxide and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Benzoyl Peroxide.

The global Benzoyl Peroxide market size is projected to grow from US$ 53 million in 2022 to US$ 62 million in 2029; it is expected to grow at a CAGR of 62 from 2023 to 2029.

Global Benzoyl Peroxide key players include Akzo Nobel, United Initiators, Arkema, Chinasun Specialty Products, Taizhou Yuanda, etc. Global top five manufacturers hold a share over 70%.

Europe is the largest market, with a share over 50%, followed by China and USA, both have a share over 40%.

In terms of product, 50% Benzoyl Peroxide Paste is the largest segment, with a share over 60%. And in terms of application, the largest application is Chemical and Plastics Industry, followed by Building and Construction, Automotive and Transportation, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Benzoyl Peroxide market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

50% Benzoyl Peroxide Powder

50% Benzoyl Peroxide Paste

Segmentation by application

Chemical and Plastics Industry

Building and Construction

Automotive and Transportation

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Akzo Nobel

United Initiators

Arkema

Chinasun Specialty Products

Taizhou Yuanda

Haixiang

Hentai

SACI

Jain & Jain

YUH TZONG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Benzoyl Peroxide market?

What factors are driving Benzoyl Peroxide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Benzoyl Peroxide market opportunities vary by end market size?

How does Benzoyl Peroxide break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.