Organic Peroxide Market, by Component (Hardware, Software), Application (Field Mapping, Crop Scouting, Variable Rate Application) - Forecast to 2022

Organic Peroxide Market Top Key Players

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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Organic Peroxide Market Definition:

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.

Regional Analysis:

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.

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Segmentation:

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.