Stratistics MRC’s Global Organic Peroxide Market value is expected to reach $3.4 billion growing at a CAGR of 6.2% during 2023-2030.
The functional group ROOR’ can be identified in a group of organic molecules known as organic peroxides. In many different types of polymerization processes, such as the production of epoxy resins used to make glass-reinforced polymers, organic peroxides are commonly utilized as initiators. Organic peroxides are potent bleaching agents that are also a component of disinfectants, much as inorganic peroxides. Additionally, it serves as a catalyst in the production of packaging materials, detergents, and personal care products.
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Asia Pacific is projected to have the highest CAGR over the forecast period, the region’s rapid industrialization, growing population, and expanding manufacturing sectors drive the demand for organic peroxides. With a robust chemical industry, Asia Pacific is a major producer and consumer of these compounds. The automotive, construction, and electronics sectors in the region extensively use organic peroxides in various applications, including polymerization and composite materials. Additionally, the increasing adoption of sustainable practices and eco-friendly materials further boosts the demand for organic peroxides. The dynamic economic growth and emerging markets in Asia Pacific present ample opportunities for market expansion and technological advancements.
Some of the key players in Organic Peroxide market include Pergan GmbH, Plastic Pigments Pvt. Ltd, United Initiators GmbH, Wanhua, MPI Chemie BV, Nouryon, Lianyungang Hualun Chemical Co. Ltd, R.T. Vanderbilt Holding Company, Inc., NOF Corporation, Chinasun Specialty Products Co. Ltd, Ace Chemical Corp., Novichem, Akpa Kimya, Arkema Group, Kawaguchi Chemical Co. Ltd and As-Ambalaj.
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Key Developments:
In January 2023, Arkema announced that the company will reorganize the distribution of its Luperox and Retic organic peroxides, with Weber and Schaer, The Dolder company, and Univar Solutions, for the crosslinking market in several European countries.
In July 2022, United Initiators completed the new TBHP-TBA facility with 25 ktons/a in Huaibei, Anhui Province, China. The new facility represents the company’s first step in the production of downstream organic peroxides. the company has strengthened its product portfolio and its presence through expansion.
In February 2022, Nouryon completed the expansion of organic peroxide in brazil. The expansion has doubled the capacity of the manufacturing facility
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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