The global organic peroxide market size is expected to reach
USD 1.20 Billion by 2025, at a CAGR of 4.3%, according to a report by Grand
View Research, Inc. Rising consumer preference towards designer apparels as
well as expansion of manufacturing facilities to cater to the global demand for
polymers is expected to remain a crucial factor for the product’s growth.
Organic Peroxide finds its major
application in industries which caters to uninterrupted manufacturing and
production of textiles, polymers, and paper & pulp. Shift in global trends
that constitutes development of existing infrastructure in emerging economies,
will act as a major driving force for plastic materials. China’s strong
position in Asia Pacific will continue to remain in sight, on account of
growing industrial complexes and rising demand for plastic products in
international markets that are driven by low price, and easy availability.
Growing population globally, aided
with rapid adaptation of urban fashion is expected to play a major role in
determining the demand of apparel over the next few years. Emerging economies
such as China, India and Bangladesh are one of the major exporters of finished
textiles on a global scale. The above-mentioned factors, are anticipated to
play a crucial role in increasing demand for peroxide over the forecast period.
Browse full research report on Organic Peroxide Market: https://www.grandviewresearch.com/industry-analysis/organic-peroxide-market
Further key findings from the report suggest:
- Benzoyl peroxide was the dominant product segment and valued
at USD 307.3 Million in 2016 on account of predominant consumption of the
product in textile industry. The high demand for apparels and household
textiles will lead to substantial demand for organic peroxide.
- Polymer sector is projected to foresee revenue growth at an
estimated CAGR of 4.4% from 2017 to 2025. The growing popularity of
plastic based product, on account of expanding construction activities and
rising household demand in both developed and emerging economies is expected
to surge the requirement for organic peroxide over the next eight years.
- Organic peroxide in personal care sector accounted for a
market share of USD 152 million in 2016, and is expected to grow at a CAGR
of 3.7% till 2025. Growth of halal based cosmetics in the Middle East
countries including Saudi Arabia, Iran, and Jordan as a result of product
innovation by personal hygiene manufacturers is expected to open new
markets for peroxides.
- Textile was the largest application segment, accounting for
28.02% of the overall share in terms of volume in 2016
- North America was the second-largest organic peroxide market
and accounted for 17.69% of the overall volume in 2016. The region is,
however, anticipated to record a mild decline over the next eight years on
account of global shift of major manufacturing firms towards Asia Pacific
- Key industry participants include BASF, AkzoNobel, Arkema,
Evonik, and Dow Chemicals.
- In May 2017, AkzoNobel enlarged its business portfolio by
completing an expansion project for Polymer Chemistry production facility
in Los Reyes, Mexico. The expansion is expected to increase the company’s
peroxyester capacity in North America by 40%.
- In March 2016, United Initiators (UI) and Wanhua Chemical
Group (Wanhua) entered into a joint venture to form a company named UI
Wanhua (Yantai) Peroxide Co. Ltd. The entire focus of the joint venture is
to focus on the production and sales of organic peroxides, starting with
the key raw material TBHP‐70‐AQs
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/organic-peroxide-market/request/rs1
Grand View Research has segmented the global organic peroxide
market on the basis of product, application, and region:
Organic Peroxide Product Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
- Diacetyl
Peroxide
- Ketone
Peroxide
- Benzoyl
Peroxide
Organic Peroxide Application Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
- Polymers
- Textile
- Personal
care
- Paper
& pulp
- Detergent
Organic Peroxide Regional Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Italy
- Asia
Pacific
- China
- India
- Bangladesh
- Central
& South America
- Brazil
- Argentina
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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