Latest research report on “Global Organic Peroxide Market 2018 Research Report ” now available at a high quality database of Marketresearchfuture.com with market size, share, trends, Competitive and statistical analysis.
Synopsis of Organic Peroxide Market: As per our analysis, some of the important market factors and trends identified in the global organic peroxides market include rapid industrialization, increasing demand for high-quality plastics & rubber, expansion of paper & textile industry. Furthermore, rising application of organic peroxide in coatings along with increasing automotive production and sales is estimated to fuel the demand for organic peroxide over the estimated period. Increasing building & construction activities along with rising adhesive usage derived from organic peroxide are expected to propel the growth of the market over the estimated period during 2017-2023. In addition, increasing per capita disposable income in developing countries along with rising use of personal care products is estimated to drive the market growth over the estimated period. Rising tourism activities in emerging economies along with increasing laundry business has increased the consumption of detergent, which, in turn, is estimated to fuel the growth of the organic peroxide market in the upcoming years. Moreover, increasing use of organic peroxide as a catalyst in the manufacturing commodities for detergent, packaging, and personal care is estimated to propel the growth of the market over the assessment period.
Some of the prominent players operating in the global organic peroxide market are United Initiators (U.S.), Pergan GmbH (Germany), Arkema S.A. (France), Akzonobel N.V.(the Netherland), NOF Corporation (Japan), Chinasun Speciality Chemicals Co., Ltd. (China), MPI Chemie B.V. (the Netherland), Akpa (Turkey), Vanderbilt Chemicals, LLC (U.S.), ACE Chemical Corp (Taiwan), Plasti Pigments Pvt. Ltd. (India) among others.
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The global organic peroxide market is further segmented into five regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is estimated to hold the largest market share in terms of value and volume in 2016 and is predicted to register significant growth over the forecast period due to the continuous growth of numerous end-use application such as plastic & rubber, coatings & adhesive, and detergent among others. The demand for organic peroxide is estimated to propel the growth of the market in the numerous countries of the Asia Pacific such as Australia, Bangladesh, Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore due to wide utilization by the adhesive as well as paints & coatings manufacturers. Moreover, increasing consumer base for plastic products in this region is estimated to fuel the growth of the market over the estimated period.
The Asia Pacific emerged as the largest organic peroxide market followed by North America and Europe. North America is estimated to be the second largest market for organic peroxide and is predicted to witness steady growth in on account of the recovery of industrial sector coupled with rising investments to revitalize building & construction sector over the assessment period. In North American, various countries such as the U.S and Canada are among the major contributors in the regional organic peroxide market share and are foreseeable to witness moderate regional market growth due to strong consumer base for personal care and textile industry.
The hydrofluorocarbons (HFCs) segment is the leading product type in the market and polyurethane is the leading application segment. The growing usage of polyurethane in a wide range of end-user industries such as automotive, building & construction, appliances, apparels, flooring, and furnishing among others is significantly contributing to the growth of the segment.
The Organic Peroxide market is segregated across five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a fastest growing market with an expanding CAGR during the forecast period. The rapid growth of the industries and urbanization is fuelling the growth of the Organic Peroxide in the developing countries of Asia Pacific. Moreover, the favorable government regulation in the region has attracted many industry players to enter the lucrative market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the presence of most populated countries has augmented the construction and automobile sector, which is further contributing to the market growth. China, India, and Japan are the largest consumers of Organic Peroxide in this region. North America is a dominant region in the market for Organic Peroxide. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth. Moreover, growing renovation and construction of public and private infrastructure is further adding to the growth of the market in this region.
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The global organic peroxide market is furthermore on the basis of type, application, and region. On the basis of type, the market is segmented into ketone peroxide, diacetyl peroxide, percarbonates, peroxy ketals, and others. Other type includes peroxyesters, dialkyl peroxides, and hydroperoxides. On the basis of application, the organic peroxide market is classified into paper & textiles, detergents, plastics & rubber, coatings & adhesives, personal care, and others. On the basis of region, the market is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
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