Organic Peroxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The organic peroxide market is expected to reach USD 1,190.12 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period.
The organic peroxide market is hampered by the COVID-19 pandemic in 2020. Due to nationwide lockdowns, social distancing measures, and disruption in the global supply chain network, most of the factories and industries were shut down, which affected the supply-demand of plastic-related materials and witnessed a decline in pulp and paper products which in turn affected the market demand for organic peroxide. However, the demand from various industries recovered in 2021 and is expected to grow significantly during the forecast period.
Key HighlightsThe organic peroxide market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Nouryon, Arkema Group, United Initiators, NOF Corporation, and Pergan GmbH, among others.
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