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Organic Peroxide Market To Grow To USD 2.3 Billion By 2032, Driven By Expanding Industrial Applications
(MENAFN- EIN Presswire)
Get a Sample Report of Organic Peroxide Market @
Key Players:
. BASF SE (Peroxide 50)
. Arkema Group (Luperox)
. AkzoNobel N.V. (Dibenzoyl Peroxide)
. PeroxyChem LLC (Luperox)
. Evonik Industries AG (Vulcup)
. Huntsman Corporation (Diketone Peroxide)
. NOF Corporation (NOF-210)
. DOW Chemical Company (DOW Peroxide 50)
. Solvay S.A. (Peroxide 25)
. Mitsubishi Gas Chemical Company, Inc. (Peroxyacetic Acid)
. Chang Chun Plastics Co., Ltd. (Cyanuric Peroxide)
. Ferro Corporation (Vulcan)
. Eastman Chemical Company (Vazo)
. Wacker Chemie AG (Wacker Peroxide)
. Kraton Corporation (Kraton G)
. Shivam Peroxide Pvt. Ltd. (Shivam Peroxide 40)
. Fujifilm Wako Pure Chemical Corporation (Peroxide A)
. Nouryon (formerly AkzoNobel Specialty Chemicals) (Benzoyl Peroxide)
. Oltchim SA (Oltchim Peroxide)
. United Initiators (U.P. 70)
By Type, diacyl peroxides segment held the largest market share of around 22% in 2023
These chemicals are heavily used in the production of thermoplastics, thermosets, and elastomers being necessary in industries such as automotive, packaging, and construction. Because of their low decomposition temperatures, they can be readily utilized to cure and crosslink the materials at lower and more economical processing temperatures providing improvements in mechanical and thermal stability. As an example, common diacyl peroxides such as benzoyl peroxide are widely used to produce acrylics and polyesters that are important for coatings and adhesives.
By Application, the chemical and plastics segment held the largest market share of around 24% in 2023
This fact is due to the significant role of these compounds in the technological development used for forming and maintaining the performance of a wide range of polymeric materials. For many polymerization processes, organic peroxides play a key role in initiation, enabling the production of a wide range of high-performance plastics and resins. They are essential for the packaging industry, creating automotive crew, and building materials. These materials are more and more requested as they are light-weight and at the same time solid and durable to guarantee different levels of energy efficiency and sustainability for various industries.
Asia-Pacific held the largest market share of around 42% in 2023
Asia-Pacific dominated the global organic peroxide market, driven by strong industrial growth, particularly in China, India, and Japan. The region's rapid expansion in polymer manufacturing, coupled with rising investments in specialty chemicals, is fueling market demand. The presence of major chemical manufacturers, including NOF Corporation and AkzoNobel, contributes to the market's leadership in this region. Additionally, government initiatives promoting sustainable manufacturing practices are encouraging the adoption of eco-friendly organic peroxides, further boosting market expansion. Moreover, China and India are major contributors to the market as China has the largest production of polymers and plastics in the world, this is due to the rising application of organic peroxides in polymer and plastics production as they are an indispensable curing agent and initiator.
Buy Full Research Report on Organic Peroxide Market 2024-2032 @
Recent Highlights
In 2024, Arkema announced the launch of a new range of high-performance organic peroxides designed to enhance polymerization efficiency while reducing environmental impact.
About Us:
SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.
Organic Peroxide Market
The Organic Peroxide Market is witnessing substantial growth, propelled by increasing demand for polymerization initiators and specialty chemicals.
AUSTIN, TX, UNITED STATES, February 13, 2025 /EINPresswire / -- The Organic Peroxide Market was valued at USD 1.6 billion in 2023 and is projected to reach USD 2.3 billion by 2032, growing at a CAGR of 4.3% from 2024 to 2032. The market expansion is attributed to the rising need for high-performance polymerization catalysts, cross-linking agents, and curing agents in industries such as plastics, rubber, and coatings. Additionally, the growing focus on sustainable and efficient chemical processes is driving innovation in the organic peroxide sector. With increasing regulatory restrictions on hazardous chemicals, manufacturers are developing safer and more environmentally friendly organic peroxides to meet industry demands.Get a Sample Report of Organic Peroxide Market @
Key Players:
. BASF SE (Peroxide 50)
. Arkema Group (Luperox)
. AkzoNobel N.V. (Dibenzoyl Peroxide)
. PeroxyChem LLC (Luperox)
. Evonik Industries AG (Vulcup)
. Huntsman Corporation (Diketone Peroxide)
. NOF Corporation (NOF-210)
. DOW Chemical Company (DOW Peroxide 50)
. Solvay S.A. (Peroxide 25)
. Mitsubishi Gas Chemical Company, Inc. (Peroxyacetic Acid)
. Chang Chun Plastics Co., Ltd. (Cyanuric Peroxide)
. Ferro Corporation (Vulcan)
. Eastman Chemical Company (Vazo)
. Wacker Chemie AG (Wacker Peroxide)
. Kraton Corporation (Kraton G)
. Shivam Peroxide Pvt. Ltd. (Shivam Peroxide 40)
. Fujifilm Wako Pure Chemical Corporation (Peroxide A)
. Nouryon (formerly AkzoNobel Specialty Chemicals) (Benzoyl Peroxide)
. Oltchim SA (Oltchim Peroxide)
. United Initiators (U.P. 70)
By Type, diacyl peroxides segment held the largest market share of around 22% in 2023
These chemicals are heavily used in the production of thermoplastics, thermosets, and elastomers being necessary in industries such as automotive, packaging, and construction. Because of their low decomposition temperatures, they can be readily utilized to cure and crosslink the materials at lower and more economical processing temperatures providing improvements in mechanical and thermal stability. As an example, common diacyl peroxides such as benzoyl peroxide are widely used to produce acrylics and polyesters that are important for coatings and adhesives.
By Application, the chemical and plastics segment held the largest market share of around 24% in 2023
This fact is due to the significant role of these compounds in the technological development used for forming and maintaining the performance of a wide range of polymeric materials. For many polymerization processes, organic peroxides play a key role in initiation, enabling the production of a wide range of high-performance plastics and resins. They are essential for the packaging industry, creating automotive crew, and building materials. These materials are more and more requested as they are light-weight and at the same time solid and durable to guarantee different levels of energy efficiency and sustainability for various industries.
Asia-Pacific held the largest market share of around 42% in 2023
Asia-Pacific dominated the global organic peroxide market, driven by strong industrial growth, particularly in China, India, and Japan. The region's rapid expansion in polymer manufacturing, coupled with rising investments in specialty chemicals, is fueling market demand. The presence of major chemical manufacturers, including NOF Corporation and AkzoNobel, contributes to the market's leadership in this region. Additionally, government initiatives promoting sustainable manufacturing practices are encouraging the adoption of eco-friendly organic peroxides, further boosting market expansion. Moreover, China and India are major contributors to the market as China has the largest production of polymers and plastics in the world, this is due to the rising application of organic peroxides in polymer and plastics production as they are an indispensable curing agent and initiator.
Buy Full Research Report on Organic Peroxide Market 2024-2032 @
Recent Highlights
In 2024, Arkema announced the launch of a new range of high-performance organic peroxides designed to enhance polymerization efficiency while reducing environmental impact.
About Us:
SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.
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SNS Insider Pvt. Ltd
+1 315 636 4242
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