Global organic peroxide market Size, Share, Growth Trends, Revenue, Top Companies, Regional Outlook, and Forecast, 2017- 2023

Market Overview:

The global organic peroxide market is categorized into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa. Among them, Asia Pacific accounted for ~34.8% market in 2016 and is estimated to register significant growth at a healthy CAGR over the assessment period 2017-2023 owing to rising demand from various end-use industries such as building & construction, electronics, automotive and healthcare sector. 

North America holds the second rank in terms of demand for organic peroxide in the global market after the Asia Pacific. In North America, the U.S. and Canada together accounted for the largest market share due to shifting consumer preference towards designer apparels along with the expansion of production facilities. 

Emerging economies of Latin America and the Middle East & Africa is estimated to register significant growth due to strong consumer base for automobile and personal care in Brazil, Mexico, and Argentina as well as increasing construction activities in Saudi Arabia, the United Arab Emirates, Qatar, and Turkey.

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Increasing middle-class population along with high adoption rate of urban fashion is estimated to drive the demand for apparel in the upcoming years, which, in turn, is estimated to propel the growth of the market. Additionally, continuous growth of the building & construction sector along with increasing demand for the organic peroxide-based adhesive is predicted to drive the growth of the market over the estimated period.

Market Segmentation:

The global organic peroxide market is segmented on the basis of type, application, and region. Based on the type, the market is categorized into ketone peroxide, diacetyl peroxide, percarbonates, peroxy ketals, and others. Other type includes peroxyesters, dialkyl peroxides, and hydroperoxides. Based on the application, the organic peroxide market is classified into paper & textiles, detergents, plastics & rubber, coatings & adhesives, personal care, and others. Based on the region, the market is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.

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Key Players

Key players operating in the 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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