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The Organic Peroxide Market size was estimated at USD 1.91 billion in 2023, USD 2.01 billion in 2024, and is expected to grow at a CAGR of 5.53% to reach USD 2.79 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Organic peroxides, a class of chemical compounds, which is characterized by the presence of an oxygen-oxygen (O-O) bond within their molecular structure to display a wide range of reactivity levels, making them versatile chemicals applicable in various industrial processes and products. Organic peroxides serve as crucial components in the production of polymers, particularly in polymerization processes, including free radical polymerization and controlled radical polymerization. The use of organic peroxide has increased in recent years for manufacturing various thermosetting resins used in coatings, adhesives, and elastomers.
Additionally, organic peroxides find use in developing medical packaging materials, including blister packs, intravenous fluid bags, and other disposable medical devices. The growing preference for organic peroxides to initiate polymerization and cross-linking reactions facilitates the production of high-performance resins, plastics, and elastomers, which plays crucial for modern building projects. However, the fluctuating costs of organic peroxides due to changing prices of hydrocarbons and oxygen sources, advanced equipment requirements, and the need for skilled personnel to ensure the safe handling of these hazardous materials negatively affect its production and supply worldwide. Moreover, the hazardous health impacts of organic peroxides, including respiratory, skin, and gastrointestinal irritation, limit product penetration worldwide. The ongoing adoption of organic peroxides for manufacturing photovoltaic (PV) cells due to exceptional chemical properties and its pivotal role in the polymerization process has extended its demand in the renewable energy sector. Moreover, the recent advancements in manufacturing organic peroxides to limit environmental impacts while improving production capability are expected to augment the availability of organic peroxide in the coming years.
Regional Insights
The Asia-Pacific region represents a rapidly growing organic peroxide market due to rising production and usage of organic peroxides, driven by strong growth in key end-use industries, robust manufacturing capabilities, and infrastructural development. The construction sector in the developing nations of the APAC region particularly relies on these chemicals for manufacturing products such as adhesives, sealants, paints, and coatings that require curing or hardening properties provided by organic peroxides. The thriving automotive, aerospace, and electronics sectors in the Americas have bolstered the demand for polymers, primarily in the United States and Canada, developing an innovative landscape for the organic peroxide market.Ongoing investments in research and development by major market players have resulted in manufacturing advancements for developing organic peroxide that showcases improved safety profiles. Moreover, adopting stringent regulations by European Union frameworks ensures responsible production practices making the organic peroxide market competitive and more standardized in the EMEA region.
Market Trends by Segment
- Type: Significance of peroxy esters due to advanced properties
- Application: Diverse applications of organic peroxides in industries
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Arkema Announces The Expansion of its Organic Peroxides Site in China
Arkema has announced a strategic expansion of its organic peroxide production capabilities at its Changshu site in China, committing approximately Euro 50 million to more than double its current output capacity. This investment is set to bolster the Group's ability to meet the surging demand from its Asian clientele, particularly within the rapidly expanding renewable energy sector.Nouryon To Increase Production Capacity For Organic Peroxides In Ningbo
Nouryon Chemicals Holding B.V. unveiled its intentions to expand its production capacity for organic peroxides in Ningbo, China. This strategic initiative, involving a substantial investment of USD 39 million. By establishing this new plant, Nouryon aims to effectively address the growing market demand for organic peroxides in the region. Rest assured, the content has been tailored to maintain its accuracy, grammatical correctness, and originality.Solvay to Supply Technology License For Hydrogen Peroxide Mega-Plant In China
Solvay S.A. made an exciting announcement regarding their involvement in the organic peroxide industry. They have secured a technology license to establish a mega plant in China dedicated to organic hydrogen peroxide production. This agreement also encompasses the provision of crucial equipment for the plant. Solvay's commitment to expanding their manufacturing capabilities in organic peroxide represents a significant milestone in their overall growth and development strategy.Key Company Profiles
The report delves into recent significant developments in the Organic Peroxide Market, highlighting leading vendors and their innovative profiles. These include ACE CHEMICAL CORP., Adeka Corporation, AKPA KIMYA, Arkema S.A., Ashland Inc., BASF SE, Chinasun Specialty Products Co., Ltd., Hodogaya Chemical Co., Ltd., Jiangsu Qiangsheng Chemical Co., LTD., Merck KGaA, Mitsubishi Gas Chemical Company, Inc., MPI Chemie BV, NOF Corporation, Nouryon Chemicals Holding B.V., Pergan, Plasti Pigments Pvt. Ltd., R.T. Vanderbilt Holding Company, Inc., ROMA CHEMICALS, SANTOKU CHEMICAL INDUSTRIES Co., Ltd., Solvay S.A., Suzhou Hualun Chemical Co., Ltd., UBE Corporation, United Initiators GmbH, Vanderbilt Chemicals, LLC, Vizag chemical, and Yamamoto Chamicals Inc.This research report offers invaluable insights into various crucial aspects of the Organic Peroxide Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Organic Peroxide Market, by Type
7. Organic Peroxide Market, by Application
8. Americas Organic Peroxide Market
9. Asia-Pacific Organic Peroxide Market
10. Europe, Middle East & Africa Organic Peroxide Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- ACE CHEMICAL CORP.
- Adeka Corporation
- AKPA KIMYA
- Arkema S.A.
- Ashland Inc.
- BASF SE
- Chinasun Specialty Products Co., Ltd.
- Hodogaya Chemical Co., Ltd.
- Jiangsu Qiangsheng Chemical Co., LTD .
- Merck KGaA
- Mitsubishi Gas Chemical Company, Inc.
- MPI Chemie BV
- NOF Corporation
- Nouryon Chemicals Holding B.V.
- Pergan
- Plasti Pigments Pvt. Ltd.
- R.T. Vanderbilt Holding Company, Inc.
- ROMA CHEMICALS
- SANTOKU CHEMICAL INDUSTRIES Co., Ltd.
- Solvay S.A.
- Suzhou Hualun Chemical Co., Ltd.
- UBE Corporation
- United Initiators GmbH
- Vanderbilt Chemicals, LLC
- Vizag chemical
- Yamamoto Chamicals Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 191 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.01 Billion |
| Forecasted Market Value ( USD | $ 2.79 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
