Dicumyl Peroxide Market- Growth, Trends, COVID-19 Impact and Forecasts (2023-2029)

Dicumyl Peroxide Market was valued at US$ 202 Mn. in 2022. The Global Dicumyl Peroxide Market size is estimated to grow at a CAGR of 4.7 % over the forecast period.
Dicumyl Peroxide Market Overview:
The report explores the Dicumyl Peroxide market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact:
The COVID-19 pandemic has not only become a public health crisis but has also affected the global economy. The economic impact has already occurred across the globe the demand for dicumyl peroxide decreased due to reduced productivity, business closure, and disruptions in import and export. The lockdown implemented by the government directly affects the production and demand by creating disruptions in the supply chain across several nations. The pandemic has been at its worst but the role played by the polymers and polymeric material in medical devices, and personal protective equipment for healthcare workers is huge have been introduced as a helping tool against COVID-19. The industries are focusing on research and development to overcome the previous losses.

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analysis, especially with the impact of lockdown by region.
Dicumyl Peroxide Market Dynamics:
Dicumyl peroxide also known as DCP is generally used in the vulcanization of rubber and is a polymerization catalyst. The increase in the use of dicumyl peroxide in polymerization and resins is the major factor driving the growth of the market. The increase in the use of plastics has revolutionized the medical industry because of their versatile, sterile nature, safety for patients, and utility in new applications and solutions.

The major challenge faced by dicumyl peroxide is that it has potential effects on human health and the environment. Because of the reactive behavior of dicumyl peroxide, the workers which are working in polymer-producing plants experience problems with nose bleeding. The dicumyl peroxides a registered under EU REGULATION EC because it is highly sensitive due to the numerous regulations imposed have been creating hurdles for the manufacturers.
Dicumyl Peroxide Market Trends:
The demand for di cumyl peroxide is growing rapidly and expanding facilities provide a great opportunity to meet the needs of the customer. Plastics Industry Association represents the plastic supply chain industry and states that organic peroxide used in polymerization is vital in the production of various materials. It is a stronger, stable, and durable peroxide that has uses in medical, automotive, and consumer goods
Dicumyl Peroxide Market Segment Analysis:
Based on Type, the Dicumyl Peroxide (DCP) Market is segmented into >40% DCP and <40% DCP. The >40% DCP dominated the market with a 60% share and will remain the same during the forecast period. The demand for this segment is growing in the market because it is used for the crosslinking of natural rubber and synthetic rubbers as well as polyolefins.

Based on Application, the Dicumyl Peroxide Market is segmented into Rubber, Polyolefin, Wires and Cables, and Others. The rubber segment dominated the market and will remain the same during the forecast period because the vulcanization process is one of the most important processes in rubber technology. The process is used to change the plastic rubber compound into a highly elastic final product.
Regional Insights:
The Asia Pacific region held the largest market share accounting for 40% in 2022. Because the plastic and rubber industries are constantly developing and owing to the sales of dicumyl peroxide in this region. About 85% of Dicumyl peroxide is produced in China it is the biggest production area of DCP and also the leader in the whole DCP industry.

The North American region is expected to witness significant growth during the forecast period. Because of the presence of various market players in the region and growing government regulations in the region.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamic, and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
Dicumyl Peroxide Market Scope: Inquiry Before Buying



Dicumyl Peroxide Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
4.7%
US$ 202 Mn
US$ 278.69 Mn


Segments Covered


by Type
>40% DCP
<40% DCP
by Application
Rubber
Polyolefin
Wires and Cables
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Dicumyl Peroxide Market Key Players:
1. Arkema group
2. Dongsung Corporation
3. PERGAN Gmbh
4. Sundow Polymers Co. Ltd
5. Green Chemical Spa
6. Taicang Plastic Additives Factory Co ltd
7. Shandong Rui Huang Chemical Co ltd
8. Monimer- polymer and Dajac laboratories Inc
9. Sinopec Shanghai Gaoqiao

Frequently Asked Questions:

1. Which region has the largest share in Global Dicumyl Peroxide Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Dicumyl Peroxide Market?
Ans: The Global Dicumyl Peroxide Market is growing at a CAGR of 4.7% during forecasting period 2023-2029.

3. What is scope of the Global Dicumyl Peroxide Market report?
Ans: Global Dicumyl Peroxide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Dicumyl Peroxide Market?
Ans: The important key players in the Global Dicumyl Peroxide Market are – Arkema group, Dongsung Corporation, PERGAN Gmbh, Sundow Polymers Co. Ltd, Green Chemical Spa, Taicang Plastic Additives Factory Co ltd, Shandong Rui Huang Chemical Co ltd, Monimer- polymer and Dajac laboratories Inc, and Sinopec Shanghai Gaoqiao

5. What is the study period of this Market?
Ans: The Global Dicumyl Peroxide Market is studied from 2022 to 2029.