Global Polymerization Initiator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polymerization Initiator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Initiators are often used in chain-growth polymerization such as radical polymerization to regulate initiation by heat or light.

Market Overview:

The latest research study on the global Polymerization Initiator market finds that the global Polymerization Initiator market reached a value of USD 3548.4 million in 2022. It’s expected that the market will achieve USD 4656.0 million by 2028, exhibiting a CAGR of 4.63% during the forecast period.

Market Drivers

A polymerization initiator is a source of any chemical substance that reacts with a monomer to form an intermediate compound that can be continuously connected with a large number of other monomers to form a polymerization compound. These polymerization initiators generate free radicals. The most widely used initiators include peroxides, persulfates, and aliphatic azo compounds, which help to polymerize vinyl chloride, methyl methacrylate, and several other monomers.
Among them, free radical polymerization is the most common type of polymerization involving the use of polymerization initiators, which usually require an initiator to produce the first free radical and start the addition reaction chain. The most common initiation reaction in free radical polymerization is the thermal decomposition of molecules containing weak bonds, such as peroxides or azo compounds. The free radicals formed then react with the monomer. After the reaction starts, by repeatedly adding monomer molecules and immediately forming new radical sites, the chain will grow. The propagation reaction is very fast, so a very long polymer chain has been formed at the initial stage of the reaction.

Trends

Peroxide type is expected to have the highest compound annual growth rate during the forecast period
It is expected that during the forecast period, the growth rate of peroxide will be higher than that of other persulfates and azo compounds. The demand for organic peroxides is mainly driven by the growth in demand from manufacturers of coatings, adhesives and elastomers. The increased consumption of these compounds in various end-use fields such as automotive, electronics and electrical, construction, composite materials, and chemical and plastic industries is another important factor in the demand for organic peroxides.
Polypropylene will become the second largest application market in the polymerization initiator market.
Polypropylene is the most widely used general-grade product because of its high strength-to-weight ratio and good chemical resistance and solderability. It can be used in many end-use applications such as packaging, textiles, healthcare, piping, automotive and electrical products.
The Asia-Pacific region is expected to occupy the largest market share during the forecast period.
Due to increased polymer production in countries such as China, India, Japan and Malaysia, the region has become the largest consumer of these initiators. The growing demand for polymers in various end-use industries, especially packaging, is driving the market in the region . Therefore, it will be the largest and fastest growing region in the polymerization initiator market.
In addition, low-cost labor supply in countries such as Cambodia, Indonesia, Laos and Vietnam will be an additional advantage.

Region Overview:

Geographically, Europe held the largest market share – 26.44% in 2022.

Company Overview:

Nouryon is one of the major players operating in the Polymerization Initiator market, holding a share of 11.06% in 2023.

Nouryon

Nouryon - a global specialty chemicals leader. Nouryon produces chemicals used in everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items.
They unique product portfolio includes cellulosics, salt, organic peroxides, chlor-alkali, bleaching chemicals, expandable microspheres, and surfactants.

Arkema

Arkema SA manufactures and markets a wide range of chemicals. The Company manufactures both industrial chemicals and performance products including acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, technical polymers, specialty chemicals, and functional additives.

Segmentation Overview:

As for product types, the Peroxides segment held the largest market share in 2022.

Application Overview:

By application, the Polyethylene segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polymerization Initiator market covered in Chapter 3:

Nouryon
Arkema
Mitsubishi Gas Chemical Company
LANXESS
Pergan Gmbh
BASF
Adeka Corporation
United Initiators
DONGSUNG HOLDINGS
NOF Corporation
Otsuka Chemical Co.,Ltd
Peroxychem

In Chapter 4 and Chapter 14.2, on the basis of types, the Polymerization Initiator market from 2018 to 2029 is primarily split into:

Persulfate
Peroxides
Azo compounds
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polymerization Initiator market from 2018 to 2029 covers:

Polyethylene
Polypropylene
Polyvinyl Chloride
Polystyrene
ABS (Acrylonitrile Butadiene Styrene) Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)