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Allied Market Research

Benzoyl Peroxide Market Size by Type (50% Benzoyl Peroxide Powder, 50% Benzoyl Peroxide Paste, and Others), and Application (Chemical and Plastics Industry, Building and Construction, Automotive and Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12113
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Sep 2021 | 80 Views
   
Author(s) : Eswara Prasad
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Benzoyl Peroxide Market Analysis 2021-2028

Two benzoyl groups are connected by a peroxide link in benzoyl peroxide. In terms of application and scale of production, it is one of the most important peroxides. Benzoyl peroxide is an odorless white granular powder or crystals in its natural state. It is primarily used to treat acne and poison ivy dermatitis as a dermatological agent. In the food industry, benzoyl peroxide is also used as a bleach. When benzoyl peroxide decomposes, oxygen is released, killing bacteria. Benzoyl peroxide increases the turnover rate of epithelial cells in the skin due to its irritant effect, peeling acne skin and increasing fairness. Acne vulgaris can be treated with benzoyl peroxide. The Food and Drug Administration of the U.S. has approved the use of benzoyl peroxide as a food additive. It is used as a bleaching agent in bread and cheese. In higher concentrations, it is also used as a bleaching agent for hair, teeth whitening, and fabric cleaning. Benzoyl peroxide is also available in a variety of concentrations as a gel, cream, powder, and liquid. For applications such as face washes and fabric cleaners, benzoyl peroxide solutions are moderately concentrated.

Market Scope and Structure Analysis

Report Metric

Details

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Type, Application, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Companies Covered

AkzoNobel, United Initiators, Arkema, and Chinasun Specialty Products, Taizhou Yuanda, Haixiang, and SACI

 

COVID-19 Impact analysis

COVID-19 pandemic began to spread around the world in early 2020, infecting millions of people worldwide, prompting major countries around the world to implement foot prohibitions and work stoppage orders. This has affected the supply chain management of the companies prevailing the benzoyl peroxide market. Financial crisis were also one of the impacts of this pandemic.

Top Impacting Factors

Composites have seen a significant increase in demand as the material is used in a variety of industries, including aerospace and construction, as well as industrial structures such as storage tanks and pipelines. In the production of complexes, benzoyl peroxide is used as an initiator. Given the enormous growth of the aerospace, construction, and industrial sectors in the future, benzoyl peroxide will continue to be used to meet the demand for composition. Substitutes such as niacin amide, salicylic acid, glycolic acid, and azelaic acid are upsetting the competitive structure of the benzoyl peroxide market, posing a significant challenge to vendors. The use of benzoyl peroxide for acne treatment has been linked to side effects such as burning, itching, and peeling. It also has teratogenic effects, making it unsuitable for pregnant women. These factors are expected to stymie the benzoyl peroxide market during the forecast period.

Market Trends

  • The Food and Drug Administration of the U.S. has approved the use of benzoyl peroxide as a food additive. It is used as a bleaching agent in bread and cheese. In higher concentrations, it is also used as a bleaching agent for hair, teeth whitening, and fabric cleaning. However, benzoyl peroxide is known to cause dryness and irritation as a side effect. Some people are more sensitive to it, and may experience burning, itching, and swelling as a result. These side effects can be avoided by using a lower concentration of benzoyl peroxide to reach a skin tolerance level.
  • Benzoyl peroxide is used as a bleaching agent in flour by a variety of cheese manufacturers, which helps to fuel the benzoyl peroxide market. Even though there are other options on the market, some manufacturers still use benzoyl peroxide for cheese production because of its bleaching properties.
  • The polymer industry is a sustainable marketplace for benzoyl peroxide vendors, given the growth in the packaging sector necessitating an increase in plastic production.
  • Antimicrobial and anti-inflammatory properties of benzoyl peroxide it is also in many combination drugs. The market for benzoyl peroxide is being driven by these factors. It is, however, teratogenic and therefore cannot be prescribed to pregnant women. The market for benzoyl peroxide in the medical sector is expected to be hampered because of this.
  • AkzoNobel, United Initiators, Arkema, and Chinasun Specialty Products, Taizhou Yuanda, Haixiang, and SACI are among the key players attempting to capitalize on the surge in demand for benzoyl peroxide.

Key Segments Covered

Segment

Sub-segment

  Type

 

  • 50% Benzoyl Peroxide Powder
  • 50% Benzoyl Peroxide Paste
  • Others

  Application

  • Chemical and Plastics Industry
  • Building and Construction
  • Automotive and Transportation
  • Others

 Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

 

  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the benzoyl peroxide market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the benzoyl peroxide market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the benzoyl peroxide market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed benzoyl peroxide   market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Benzoyl Peroxide Report

  • Who are the leading market players active in the benzoyl peroxide market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is benzoyl peroxide?
  • What does benzoyl peroxide allow organizations to achieve?
  • Which technologies combine to make benzoyl peroxide critical organizational asset?
  • What are the current trends and predicted trends?                                                                                                                                                                                                                                
 
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