The
global organic peroxide market is expected to reach USD
1.20 Billion by 2025, at a CAGR of 4.3%, according to a report by Grand View
Research, Inc. Rising consumer preference towards designer apparels as well as
expansion of manufacturing facilities to cater to the global demand for
polymers is expected to remain a crucial factor for the product’s growth.
Organic
Peroxide finds its major application in industries which caters to
uninterrupted manufacturing and production of textiles, polymers, and paper
& pulp. Shift in global trends that constitutes development of existing
infrastructure in emerging economies, will act as a major driving force for
plastic materials. China’s strong position in Asia Pacific will continue to
remain in sight, on account of growing industrial complexes and rising demand
for plastic products in international markets that are driven by low price, and
easy availability.
 |
| U.S. organic peroxide market revenue by product, 2014 - 2025 (Kilotons) |
Growing
population globally, aided with rapid adaptation of urban fashion is expected
to play a major role in determining the demand of apparel over the next few
years. Emerging economies such as China, India and Bangladesh are one of the major
exporters of finished textiles on a global scale. The above-mentioned factors,
are anticipated to play a crucial role in increasing demand for peroxide over
the forecast period.
Browse full
research report on Organic Peroxide Market: https://www.grandviewresearch.com/industry-analysis/organic-peroxide-market
Further key
findings from the report suggest:
- Benzoyl peroxide was the dominant product
segment and valued at USD 307.3 Million in 2016 on account of predominant
consumption of the product in textile industry. The high demand for
apparels and household textiles will lead to substantial demand for organic
peroxide.
- Polymer sector is projected to foresee revenue
growth at an estimated CAGR of 4.4% from 2017 to 2025. The growing
popularity of plastic based product, on account of expanding construction
activities and rising household demand in both developed and emerging
economies is expected to surge the requirement for organic peroxide over
the next eight years.
- Organic peroxide in personal care sector
accounted for a market share of USD 152 million in 2016, and is expected
to grow at a CAGR of 3.7% till 2025. Growth of halal based cosmetics in
the Middle East countries including Saudi Arabia, Iran, and Jordan as a
result of product innovation by personal hygiene manufacturers is expected
to open new markets for peroxides.
- Textile was the largest application segment,
accounting for 28.02% of the overall share in terms of volume in 2016
- North America was the second-largest market and
accounted for 17.69% of the overall volume in 2016. The region is,
however, anticipated to record a mild decline over the next eight years on
account of global shift of major manufacturing firms towards Asia Pacific
- Key industry participants include BASF,
AkzoNobel, Arkema, Evonik, and Dow Chemicals.
- In May 2017, AkzoNobel enlarged its business
portfolio by completing an expansion project for Polymer Chemistry
production facility in Los Reyes, Mexico. The expansion is expected to
increase the company’s peroxyester capacity in North America by 40%.
- In March 2016, United Initiators (UI) and
Wanhua Chemical Group (Wanhua) entered into a joint venture to form a
company named UI Wanhua (Yantai) Peroxide Co. Ltd. The entire focus of the
joint venture is to focus on the production and sales of organic
peroxides, starting with the key raw material TBHP‐70‐AQs
Browse more
reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has segmented the organic peroxide market on the
basis of product, application, and region:
Product
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- Diacetyl
Peroxide
- Ketone
Peroxide
- Benzoyl
Peroxide
Application
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- Polymers
- Textile
- Personal
care
- Paper
& pulp
- Detergent
Regional
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Italy
- Asia
Pacific
- China
- India
- Bangladesh
- Central
& South America
- Brazil
- Argentina
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-organic-peroxide-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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