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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Polymerization Initiator Market Size
The global polymerization initiator market size reached nearly USD 3.17 billion in 2023. The market is projected to grow at a CAGR of 4.4% between 2024 and 2032 to reach a value of around USD 4.68 billion by 2032.
Key Trends in the Market
Polymerization initiators refer to chemical compounds which get decomposed into free radicals on heating. It also controls the chain initiation of the polymerization reaction and poses a direct impact on the conversion rate of monomers.
- Polymerization initiators are used in the manufacturing of polymers. Hence, the increasing demand for polymers in various sectors such as healthcare, automotive, packaging, fashion, and sports, among others, is driving the polymerization initiator market growth.
- The rising demand for polymers in the automotive sector to manufacture tyres, interiors and exterior components, bumpers, and wheel covers, among others, is a key market driver. Increasing sales of battery and plug-in hybrid vehicles are boosting the incorporation of polymerization initiators in the automotive sector.
- There is an increasing use of polymers such as polypropylene in the healthcare sector to package medical liquids and manufacture refillable syringes and several types of medical containers, among others. In this regard, the burgeoning healthcare sector across emerging economies is one of the crucial polymerization initiator market trends.
Polymerization Initiator Market Report Snapshots
Polymerization Initiator Market Size
Polymerization Initiator Market Analysis
Polymerization Initiator Market Share
Polymerization Initiator Companies
*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
The market reached a value of nearly USD 3.17 billion in 2023.
The market is estimated to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.68 billion by 2032.
The rising demand for polymers in the automotive sector, the burgeoning healthcare sector across emerging economies, and the rising demand for persulphate are the major drivers of the market.
The key trends in the market include the increasing sales of battery and plug-in hybrid vehicles and the rising demand for persulphate polymerization initiators, which offer ease of handling.
Persulphate, peroxides, and aliphatic AZO compounds, among others, are the different types of polymerization initiators.
Free radical, anionic, and cationic are the major segments of the market based on active species.
BASF SE, Arkema S.A., Lanxess AG, LyondellBasell Industries Holdings B.V, Nouryon Holding B.V., M.P.I. Chemie B.V., NOF Corporation., PeroxyChem LLC, PERGAN Hilfsstoffe für industrielle Prozesse GmbH, and United Initiators GmbH, among others, are the key market players.
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