Tert-Butyl peroxyacetate is colorless to pale yellow liquid, which is widely used as a radical initiator in the process of polymerization and cross linking. Moreover, it is also used to manufacture plastic, paint and rubber. The value of global tert-Butyl peroxyacetate market is projected to grow with a CAGR of 3.X% over the forecast period of 2016-2022 and reach around USD XX billion by 2022. Growing demand in end user segment for tert-Butyl peroxyacetate such as rubber industry and paint & plastic manufacturing considered to be the key factors driving the growth of global tert-Butyl peroxyacetate market. Furthermore, augmented usage of plastic due to rapid industrialization coupled with rising demand for plastic products likely to drive the growth of this market over the forecast period. One of the key restraints of tert-Butyl peroxyacetate market is strict government regulation coupled with limited usage of plastic that is likely to limit the growth of tert-Butyl peroxyacetate market. Developing economies and untapped markets across the global market will bring more opportunities to this market for leading players over the forecast period.
The report segments the global tert-Butyl peroxyacetate market by application and by region. Market segmentation based on application includes plastic, rubber, paint and other. Moreover, plastic segment is rapidly grown segment and registered highest market share owing to rapid industrialization over past few years.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW). Asia pacific is the largest market for tert-Butyl peroxyacetate globally, with a market share of more than XX%. China is the largest producer of perxyacetate, due to which Asia pacific projected to continue its dominance over the forecast period. Following Asia pacific, North America is the second largest market anticipated to witness healthy CAGR of XX% over the forecast period and provide the opportunity for market growth due to growth in industrialization and infrastructural development.
The companies covered in the report include
The Peroxide Company
Shanghai Shaofeng Chemical
Lanzhou Auxiliaries Factory