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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Organic Peroxide Market Growth
Based on type, the ketone peroxides segment accounts for a significant share in the organic peroxide industry. The growing demand for plastic reinforced glass or fibreglass in the manufacture of watercraft in marine components, replacing the use of wood and steel structures, and the growing demand for vehicles in emerging economies are projected to push the use of ketone for crosslinking. The growth of the aviation market, fuelled by rising demand for low-cost flights, is expected to further enhance the demand for high-end fibreglass, which, in turn, is expected to result in increased usage of ketone peroxides. Meanwhile, the demand for diacyl peroxide is also growing at a steady rate due to the growing utilisation of hardened polymers in the construction and manufacturing sectors, as well as the growing demand for resins for improved flooring solutions. This is expected to significantly drive the demand for diacyl peroxide over the forecast period.
Organic Peroxide Market Report Snapshots
Organic Peroxide Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global organic peroxide market attained a value of nearly USD 1099.85 million.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1498.46 million by 2032.
The major market drivers are the rising population, growing urbanisation, increasing demand for coatings and adhesives, thriving personal care industry, and the growing construction industry.
The key trends guiding the market demand include the increasing use of organic peroxide in skin treatment applications, the rising usage of the product as coating curing agent, and the surging R&D activities in the cosmetics sector.
The major regions in the organic peroxide market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of organic peroxide considered in the market report are diacyl peroxides, ketone peroxides, percarbonates, dialkyl peroxides, hydro-peroxides, peroxy ketals, and peroxyesters, among others.
The significant applications of the product include chemicals and plastics, coatings, adhesives, and elastomers, paper and textiles, detergents, and personal care, among others.
The major players in the market are Arkema Group, United Initiators GmbH, Kawaguchi Chemical Co., Ltd., AkzoNobel N.V., and PERGAN GmbH, among others.
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