Organic Peroxide Market Analysis

Organic Peroxide Market Analysis

The ketone peroxide consumption is anticipated to reach around 140 kilo tons by 2027. The increasing production of fiberglass on account of its increasing demand in various applications, such as automotive and marine, is expected to propel the consumption of ketone peroxide for crosslinking of the polymer. Furthermore, the surging demand for fiberglass in the aviation sector is anticipated to increase the consumption of ketone peroxide over the next few years.
 

In 2020, diacyl peroxide accounted for a considerable share of over 15% in oxygen peroxide market. It is utilized as a free extreme initiator in the polymerization cycle of PVC. It is additionally utilized as an initiator in vinyl monomer polymerization. Moreover, diacyl peroxide is utilized for cross-linking of thermoplastics and elastomers and also as a restoring agent in thermoset resins. Also, a few of the diacyl peroxides are additionally utilized as dynamic drug fixers in the medical sector.

The polymer segment will generate around USD 2 billion by 2027 owing to the growing production of various polymers which will enhance the product demand in the polymerization process. The growing demand for ready-made clothing along with the rising penetration of paper in a wide range of industrial sectors is projected to generate organic peroxide market revenue gains during the forecast period.
 

Additionally, the increasing spending on apparel coupled with the increasing pulp & paper sales has resulted in a surging demand for organic peroxide in this application. The increasing adoption of rubber in the automotive industry has enhanced the usage of organic peroxides. A high product demand in various applications, such as construction, composites, automotive, and electrical & electronics, is expected to boost the organic peroxide market during the coming years.

The Asia Pacific region will witness over 4.5% CAGR global organic peroxide market from 2021 to 2027 owing to its demand in various end-use industries. Asia Pacific is one of the major producers and consumers of plastic products, and this trend is expected to continue over the next few years. The emergence of China and India as major plastic/polymer and rubber manufacturing destinations is expected to promote the demand for organic peroxide over the near future.
 

Latin America will generate around USD 100 million by 2027 is mostly dependent on imports, such as polymers, rubbers, and chemicals, from China and European countries to fulfill its regional demand. Such trends are restraining the industry growth in this region. With the growing retail sector mainly in Brazil and Mexico, the demand for various packaging products has been growing at a considerable rate.