Global organic peroxide market research report information: by type (ketone peroxide, diacetyl peroxide, percarbonates, peroxy ketals, and others), application (paper & textiles, detergents, plastics & rubber, coatings & adhesives, personal care, and others) region – Forecast till 2023
Synopsis of Organic Peroxide Market
Organic Peroxide is a white to yellow colored solid or liquid composed of two oxygen atoms joined together. It can be found as solids (usually fine powders), liquids or pastes and undergoes self-accelerating decomposition and results in severe burning and explosive decomposition. A substance such as water, mineral spirits, and phthalate esters do not react with an organic peroxide and generally used to dilute organic peroxide as diluted organic peroxide provides stability when exposed to heat or physical shocked as compared to undiluted organic peroxide. They possess unique properties, which make them suitable for many ends use applications such as coatings & adhesives, personal care, paper & textile, detergents, plastics & rubber, and others.
Top Key Players Analyzed in “Global Organic Peroxide Market Forecast 2018-2023”
United Initiators (U.S.), Pergan GmbH (Germany), Arkema S.A. (France), Akzonobel N.V.(the Netherland), NOF Corporation (Japan), Chinasun Speciality Chemicals Co., Ltd. (China), MPI Chemie B.V. (the Netherland), Akpa (Turkey), Vanderbilt Chemicals, LLC (U.S.), ACE Chemical Corp (Taiwan), Plasti Pigments Pvt. Ltd. (India) among others.
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As per our analysis, some of the important market factors and trends identified in the global organic peroxides market include rapid industrialization, increasing demand for high-quality plastics & rubber, expansion of paper & textile industry. Furthermore, rising application of organic peroxide in coatings along with increasing automotive production and sales is estimated to fuel the demand for organic peroxide over the estimated period. Increasing building & construction activities along with rising adhesive usage derived from organic peroxide are expected to propel the growth of the market over the estimated period during 2017-2023. In addition, increasing per capita disposable income in developing countries along with rising use of personal care products is estimated to drive the market growth over the estimated period. Rising tourism activities in emerging economies along with increasing laundry business has increased the consumption of detergent, which, in turn, is estimated to fuel the growth of the organic peroxide market in the upcoming years. Moreover, increasing use of organic peroxide as a catalyst in the manufacturing commodities for detergent, packaging, and personal care is estimated to propel the growth of the market over the assessment period.
The global organic peroxide market is furthermore on the basis of type, application, and region. On the basis of type, the market is segmented into ketone peroxide, diacetyl peroxide, percarbonates, peroxy ketals, and others. Other type includes peroxyesters, dialkyl peroxides, and hydroperoxides. On the basis of application, the organic peroxide market is classified into paper & textiles, detergents, plastics & rubber, coatings & adhesives, personal care, and others. On the basis of region, the market is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
The Asia Pacific emerged as the largest organic peroxide market followed by North America and Europe. North America is estimated to be the second largest market for organic peroxide and is predicted to witness steady growth in on account of the recovery of industrial sector coupled with rising investments to revitalize building & construction sector over the assessment period. In North American, various countries such as the U.S and Canada are among the major contributors in the regional organic peroxide market share and are foreseeable to witness moderate regional market growth due to strong consumer base for personal care and textile industry.
In Europe, U.K, Spain, Germany, France, and Italy are among the leading contributor in the regional market growth on account for a strong base for automotive manufacturers coupled with rising innovation and R&D activities to develop high-quality plastic. Latin American countries such as Brazil, Mexico, Colombia, Argentina, and Venezuela are expected to witness above average growth due to increasing consumer spending on personal care and rising automobile production and sales. The Middle Eastern & African countries are estimated to witness above average growth due to increasing tourism activities along with the robust growth of the detergent industry.
The global organic peroxide market is further segmented into five regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is estimated to hold the largest market share in terms of value and volume in 2016 and is predicted to register significant growth over the forecast period due to the continuous growth of numerous end-use application such as plastic & rubber, coatings & adhesive, and detergent among others. The demand for organic peroxide is estimated to propel the growth of the market in the numerous countries of the Asia Pacific such as Australia, Bangladesh, Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore due to wide utilization by the adhesive as well as paints & coatings manufacturers. Moreover, increasing consumer base for plastic products in this region is estimated to fuel the growth of the market over the estimated period.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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