Report Code: A10472 | Pages: NA | Jul 2023 | 1303 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Organic Peroxides Market
Request Now !Organic peroxides are organic compounds that have two oxygen atoms bonded together, also known as the peroxide group. They are naturally obtained as fine powders or as paste and even in liquid form. These compounds undergo self-decomposition very quickly causing an explosive reaction. As a result, diluted organic peroxides are mainly used in industries as they are safer and easier to handle. Organic peroxides have a wide range of applications such as catalyst, promoter, cross-linking agent, curing agent, and more. Some of the major end users of organic peroxide are plastics, chemical, textile, rubber, adhesives & coatings, and personal care industry.
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The increasing applications of organic peroxides in the plastic and rubber industries played a major role in driving the growth of the global organic peroxides market. Organic peroxides are widely used in the polymerization process used during the production of plastics and other polymeric materials. Moreover, they also have several applications as a cross-linking agent in the chemical industry. The rapid increase in usage of plastics across the globe has fueled the demand for organic peroxides in the market. Furthermore, organic peroxides are also employed in the construction industry as adhesives and coatings. There are prominent applications of organic peroxides in the packaging and paper industries. The growing demand for eco-friendly materials and renewable resources also worked in favor of the organic peroxides market. In addition, several companies are investing in R&D for improving the efficiency of organic peroxides. This is likely to boost the market over the forecast period. However, several challenges are being faced during the transportation and handling of organic peroxides, which might restrain the growth of the market.
The market in the Asia-Pacific region is expected to dominate the global organic peroxides market. This is attributed to the high demand for organic peroxides in the chemical and plastic industries and for the production of materials, such as adhesives and coatings, in the region. The markets in Europe and North America are also expected to witness a steady growth due to the growing textile and chemical industry.
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Organic Peroxides Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Akpa Kimya Ambalaj Sanayi Ticaret Ltd., Pergan GmbH, United Initiators, Chinasun Specialty Chemicals, Solvay, MPI Chemie, Arkema, Novichem, NOF Corporation, AkzoNobel N.V., Vanderbilts Chemicals LLC |
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