14th November 2018 - Global Organic Peroxide Market is expected to witness a higher CAGR rate in the forecast period as organic peroxide is a chemical compound accepted medically and clinically worldwide. Generally, organic peroxide is a universal compound having two oxygen atoms bonded together commonly known as ‘organic peroxide’. Organic peroxide is commercially available in all forms including solid, pastes or liquids. Characteristically, organic peroxides can be explosive, toxic and corrosive and is combustible.
Organic peroxides are also strong oxidizing agents and flammable if handled without care. Commercial uses of organic peroxide include research laboratories and clinical laboratories on exposure to heat, friction, mechanical shock or adulteration with inappropriate resources. Chemical storage of organic peroxides resulting into spontaneous formation of explosive organic peroxide involve aldehydes, ethers and unsaturated hydrocarbon compounds namely allyl compounds, dienes, monometric vinyl compounds, vinylacetylenes, haloalkenes, and unsaturated cyclic hydrocarbons like tetrahydronapthalene, and dicyclopentadiene.
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Overall, organic peroxide offers versatility in its functionality and is also used to control pollutants in environment. Hence, the organic peroxide market is anticipated to grow at a higher CAGR in the forecast period. Organic peroxide industry is driven by factors such as rising demand for reusable energy due to need for clean, safe and hygienic environment. Additionally, invention of novel products aligned to such objectives is also propelling the growth of organic peroxide market. Also, the developments in processing industry are anticipated to propel the market growth in the forecast period. Moreover, rising industrialization is also adding to the market growth resulting into growing demand for coating adhesives, paper & textiles, plastic and chemical. However, lack of efficient transportation that may result into losses is likely to impede the market growth in the forecast period.
Organic peroxide market is segmented into ketone peroxides, dialkyl peroxides, peroxyesters, diacyl peroxides, hydroperoxides, peroxydicarbonates and peroxyketals, based on peroxide classes. Based on applications, the organic peroxides industry is segmented into coatings, adhesives, construction, paints, cosmetics, automotive, consumer goods, packaging & paper, transportation, plastics & chemicals, electrical and electronics and renewable energy. Chemicals & plastics are expected to dominate the market in the forecast period in terms of volume as well as value.
The major manufacturers covered in this report
• Akzo Nobel
• Arkema
• United Initiators
• NOF Corporation
• Pergan GmbH
• Chinasun Specialty Products
• Jiangsu Yuanyang
• Zibo Zhenghua
• Laiwu Meixing
• Hualun Chemical
• Solvay
• Dongying Haijing Chemical and many others
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Alkyl Hydroperoxide
• Dialkyl Peroxide
• Diacyl Peroxide
• Peroxide Ester
• Peroxidation Ketal
• Peroxydicarbonate
• Others
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
• Initiator
• Cross-linking Agent
• Degrading Agent
• Others
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Organic peroxide industry geographically spans North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. APAC regions are expected to grow in the forecast period owing to extensive R&D. North America and European regions are also anticipated to rise at a higher CAGR in the forecast period due to rising initiatives for green environment. Also, factors such as stringent regulation and norms for environment in EU and US regions add to the growth of organic peroxide market in these regions. Africa and Middle-East regions are expected to rise at a steady CAGR in the forecast period owing to moderately low economic development particularly in African regions.
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