Organic Peroxide Market: Global Industry Analysis And Forecast (2023-2029)

Organic Peroxide Market size was valued at US$ 1.06 Bn. in 2022 and the total Organic Peroxide revenue is expected to grow by 3.5% from 2023 to 2029, reaching nearly US$ 1.35 Bn.
Organic Peroxide Market Overview:
Because of the existence of an oxygen–oxygen bond, peroxides are extremely reactive compounds. The oxygen–oxygen link can be broken under activating circumstances, resulting in extremely reactive free radicals. These extremely reactive radicals can be utilized to start polymerization or curing processes. As a result, organic peroxides are utilized as free-radical polymer precursors, curing chemicals for thermoset resins, and cross-linking reagents for elastomers and polyethylene. The report explores the Organic Peroxide market's segments (Type, Application, and Region).

Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It 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 Organic Peroxide market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Organic Peroxide market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Organic Peroxide Market Dynamics:
The growing applications of organic peroxides in the polymer industry are expected to be a major driver of the market.

Organic peroxides are utilized in the production and conversion of polymers, the production of cross-linked materials e.g. elastomers, and in health care and hygiene applications. Polymer modification can enhance or add desirable properties such as thermal stability. Organic peroxides, unlike most other compounds, serve a valuable role after they disintegrate. When it decomposes, it produces beneficial free radicals. These free radicals are very reactive and may be leveraged to start the processes that lead to the formation of thermoplastic polymers.

Free radicals are also beneficial in the production of robust fiberglass-reinforced polymers (FRP), such as fuel or chemical-resistant storage containers. Similarly, a wide range of thermoplastics is created for use in aerospace and automobile industries such as gaskets and seals.

The thermal instability of organic peroxide is expected to be a major restraint in the market growth.

Organic peroxide compositions are thermodynamically unstable, which implies they will self-react when heated. While some may be kept at room temperature without risk, others must be stored at freezing temperatures. The dangers involved in handling organic peroxide compositions can be successfully reduced by adhering to appropriate storage and handling methods. Organic peroxide formulations may have concerns such as quick decomposition due to high temperatures or contamination with other compounds, rapid combustion, and susceptibility to shock or friction, as well as possible human health impacts due to contact with eyes or skin or ingestion. As a result, the storage and transit of these formulations are difficult.

The laboratory applications of Organic Peroxide are expected to be the key opportunity in the market growth. (Especially Chemical Synthesis)

Inorganic and organic peroxides, because of their exceptional reactivity and oxidative potential are widely used in research laboratories. The acute toxicity of organic peroxides is relatively low. Each peroxide compound is characterized by a specific, condition-dependent rate of decomposition that helps in catalytic processes in chemical synthesis.
Segment Analysis:
By Application, the Polymer and Rubber segment is expected to grow at a CAGR of 3.2% in the forecast period. The polymers sector is the major end-user sector for Organic Peroxides. Chinese output of bio-based (instead of petroleum-based) biodegradable plastics is predicted to increase rapidly by 2029, driving market demand. Organic peroxides are used as an initiator in the production of thermoplastic materials e.g. PE, PVC, and EPS, as well as a polyethylene modifier. Organic peroxides are used to create polymers such as low-density LDPE, polystyrene, PVC, and polyvinyl acetate.

PVC is the most often used polymeric material for portable medical equipment including capillary and flexible jars. As a result, polymers are critical in the healthcare business. According to the Malaysian Rubber Council, international rubber output increased by 8.7 percent to 21 million metric tons in the first nine months of 2021, up from 19 million tons in the same time last year. The proportion of natural rubber to synthetic rubber manufactured in the first nine months of 2021 was nearly equal. Malaysia is the world's 7th largest manufacturer of natural rubber. Great Britain is yet another large consumer of polymers. As per Plastics Europe, the United Kingdom is the European Union's fifth-largest user of plastics. As a result, all of the aforesaid causes are projected to boost polymer usage, resulting in a considerable upsurge of organic peroxides for polymerization purposes, hence driving the overall market growth.
Regional Insights:
The APAC region is expected to dominate the Organic Peroxide market at the end of the forecast period. This is due to the increasing production of synthetic rubber and tires in China and India. China produced 8,100-kilo metric tons of synthetic rubber in 2021, a 9 percent increase over 2022. As per the China Rubber Industry Association, China imported 770-kilo metric tons of synthetic rubber from January to August 2021, a 9.8% increase over the same period in 2022. China shipped approximately 185-kilo metric tons of synthetic rubber during the first eight months of 2021, a rise of 8.5 percent over the same time in 2022.

As per the National Bureau of Statistics China, the country produced 807 million units of tires in 2022, a decrease from the previous year's production of 844 million units. Between January and August 2021, the country manufactured 596 million tires, a 22 percent increase over the same time in 2029. The country's expanding synthetic rubber output is expected to fuel the market for organic peroxides, which are utilized in polymer processing. In the fiscal year 2022-29, India produced around 12,143-kilo metric tons of polymers (basic plastics i.e. PVC, PP, PE), a 2.1 percent decrease from 12,403-kilo metric tons in the fiscal year.

The objective of the report is to present a comprehensive analysis of the Organic Peroxide 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 report also helps in understanding the Organic Peroxide market dynamics, and structure by analyzing the market segments and projecting the Organic Peroxide market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Organic Peroxide market make the report investor’s guide.
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Organic Peroxide Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.06 Bn.


Forecast Period 2023 to 2029 CAGR:
3.5%
Market Size in 2029:
US $ 1.35 Bn.


 Segments Covered:
by Type
Diacyl Peroxides
Ketone Peroxides
Percarbonates
Dialkyl Peroxides
Hydro-Peroxides
Peroxy Ketals
Peroxyesters


by Application
Polymers and Rubber
Coatings & Adhesives
Paper & Textile
Cosmetics
Health Care
Other



Organic Peroxide Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Organic Peroxide Market Key Players
1. Ace Chemical Corp.
2. Akpa Kimya
3. Arkema Group
4. Chinasun Specialty Products Co. Ltd
5. Kawaguchi Chemical Co. Ltd
6. Lianyungang Hualun Chemical Co. Ltd
7. MPI Chemie BV
8. NOF CORPORATION
9. Nouryon
10. Novichem
11. PERGAN GmbH
12. Plasti Pigments Pvt. Ltd
13. United Initiators
14. Akzo Nobel
15. Ambalaj Sanayi Ticaret
16. Vanderbilts Chemicals LLC.

FAQs:

1. Which is the potential market for Organic Peroxide in terms of the region?
Ans. APAC is the potential market for Organic Peroxide in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The laboratory applications of Organic Peroxide are expected to be the key opportunity in the market growth.

3. What is expected to drive the growth of the Organic Peroxide market in the forecast period?
Ans. The growing applications of organic peroxides in the polymer industry are expected to be a major driver of the market.

4. What is the projected market size & growth rate of the Organic Peroxide Market?
Ans. The Organic Peroxide Market size was valued at US$ 1.06 Bn. in 2022 and the total Organic Peroxide revenue is expected to grow by 3.5% from 2023 to 2029, reaching nearly US$ 1.35 Bn.

5. What segments are covered in the Organic Peroxide Market report?
Ans. The segments covered are Type, Application, and Region.