by The global organic peroxide market size was valued at USD 1.25 billion in 2023 and is expected to hit around USD 1.93 billion by 2033, poised to grow at a CAGR of 4.50% from 2024 to 2033.
Key Points
- North America dominated the organic peroxide market with a 40% share in 2023.
- Asia-Pacific is expected to witness growth at a CAGR of 7.8% during the forecast period.
- By product, the diacetyl peroxide segment held the largest share of 41% in the market in 2023.
- By product, the ketone peroxide segment is expected to grow at a significant rate of 6.7% during the forecast period.
- By application, the paper and textiles segment held the largest share of 36% in the market.
- By application, the polymer segment is expected to grow at a notable rate of 7.3% during the forecast period.
The organic peroxide market is witnessing significant growth driven by various factors such as increasing demand from end-use industries, technological advancements, and stringent regulations promoting safety and sustainability. Organic peroxides are versatile chemicals widely used as initiators, catalysts, and crosslinking agents in polymerization processes across industries including plastics, rubber, coatings, and adhesives.
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Growth Factors:
Several factors contribute to the growth of the organic peroxide market. The expanding polymer industry, driven by the growing demand for plastics and rubber in various applications such as automotive, construction, and packaging, fuels the demand for organic peroxides. Moreover, advancements in production technologies, such as the development of safer and more efficient peroxide formulations, are driving market growth. Additionally, increasing awareness of environmental and safety concerns associated with conventional initiators and catalysts has led to a shift towards organic peroxides, which are perceived as safer alternatives.
Organic Peroxide Market Scope
| Report Coverage | Details |
| Global Market Size in 2023 | USD 1.25 Billion |
| Global Market Size by 2033 | USD 1.93 Billion |
| U.S. Market Size in 2023 | USD 350 Million |
| U.S. Market Size by 2033 | USD 550 Million |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Next Generation Memory Market Size to Worth USD 38.34 Bn by 2033
Opportunities:
The organic peroxide market presents numerous opportunities for growth and innovation. With the rising demand for eco-friendly and sustainable materials, there is an increasing focus on developing bio-based organic peroxides derived from renewable feedstocks. Furthermore, the expansion of end-use industries in emerging economies presents untapped opportunities for market penetration. Additionally, the growing trend towards lightweight materials and composites in industries such as automotive and aerospace is expected to drive demand for organic peroxides as crosslinking agents and modifiers.
Challenges:
Despite its growth prospects, the organic peroxide market faces several challenges. Safety concerns associated with the transportation, storage, and handling of organic peroxides pose significant challenges for manufacturers and end-users. Moreover, fluctuations in raw material prices, particularly for feedstocks derived from petrochemicals, can impact the cost competitiveness of organic peroxides. Additionally, regulatory requirements governing the use and disposal of organic peroxides, particularly in regions with stringent environmental regulations, can pose compliance challenges for market players.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Organic Peroxide Market Companies
Sustainability initiatives are becoming increasingly important. Major players are investing in eco-friendly production processes, reducing waste generation, and exploring greener alternatives in response to growing environmental concerns. A few of these prominent players are:
- Akzo Nobel N.V. (Netherlands)
- Arkema S.A. (France)
- United Initiators (Germany)
- Nouryon (Netherlands)
- NOF Corporation (Japan)
- Pergan GmbH (Germany)
- Lanzhou Auxiliary Agent Plant Co., Ltd. (China)
- Solvay SA (Belgium)
- Chinasun Specialty Products Co., Ltd. (China)
- Hansoo Chemical Co., Ltd. (South Korea)
- Shaoxing Shangyu Shaofeng Chem Co., Ltd. (China)
- Jiangsu Yuanyang Pharmaceutical Co., Ltd. (China)
- MEGA S.p.A. (Italy)
- Plasti Pigments Pvt. Ltd. (India)
- NOF Europe GmbH (Germany)
Segments Covered in the Report
By Product
- Diacyl peroxide
- Ketone peroxide
- Percarbonates
- Dialkyl peroxide
- Hydro-peroxide
- Peroxy ketals
- Peroxyesters
By Application
- Polymer
- Chemicals & plastics
- Coatings, adhesives & elastomers
- Paper & textiles
- Detergents
- Personal care
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Organic Peroxide Market
5.1. COVID-19 Landscape: Organic Peroxide Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Organic Peroxide Market, By Product
8.1. Organic Peroxide Market Revenue and Volume, by Product, 2024-2033
8.1.1. Diacyl peroxide
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Ketone peroxide
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Percarbonates
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Dialkyl peroxide
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Hydro-peroxide
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
8.1.6. Peroxy ketals
8.1.6.1. Market Revenue and Volume Forecast (2021-2033)
8.1.7. Peroxyesters
8.1.7.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Organic Peroxide Market, By Application
9.1. Organic Peroxide Market Revenue and Volume, by Application, 2024-2033
9.1.1. Polymer
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Chemicals & plastics
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Coatings, adhesives & elastomers
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
9.1.4. Paper & textiles
9.1.4.1. Market Revenue and Volume Forecast (2021-2033)
9.1.5. Detergents
9.1.5.1. Market Revenue and Volume Forecast (2021-2033)
9.1.6. Personal care
9.1.6.1. Market Revenue and Volume Forecast (2021-2033)
9.1.7. Others
9.1.7.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Organic Peroxide Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
Chapter 11. Company Profiles
11.1. Akzo Nobel N.V. (Netherlands)
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Arkema S.A. (France)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. United Initiators (Germany)
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Nouryon (Netherlands)
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. NOF Corporation (Japan)
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Pergan GmbH (Germany)
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Lanzhou Auxiliary Agent Plant Co., Ltd. (China)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Solvay SA (Belgium)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Chinasun Specialty Products Co., Ltd. (China)
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Hansoo Chemical Co., Ltd. (South Korea)
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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