According to MarketsandMarkets™, the “Organic Peroxide Market by Type (Diacyl, Ketone, Percarbonate, Dialkyl, Hydroperoxides, Peroxyketal, Peroxyester), Application (Chemicals & Plastics, Coatings, Adhesives & Elastomers, Paper & Textiles, Detergents), and Region – Global Forecast to 2030” is expected to grow from USD 1.9 billion in 2023 to USD 2.6 billion by 2030, at a CAGR of 4.2%. The organic peroxide market includes a wide range of chemical compounds with oxygen-oxygen single bonds that are commonly used as initiators, crosslinking agents, and curing agents in a variety of industrial applications.
The market is being driven by increased demand for polymers and plastics, particularly in the production of composite materials, foams, and adhesives. The growing emphasis on innovative materials, combined with the growing demand for durable and lightweight solutions in applications such as packaging and automotive, positions organic peroxides as critical contributors to the growth and advancement of the chemical and plastic industries.
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- 213 Market data Tables
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This report also provides a comprehensive analysis of the companies listed below:
Most manufacturers in organic peroxide market are based in Europe and Asia Pacific. Arkema SA (France), NOF Corporation (Japan), Nouryon Chemical Holding B.V. (Netherlands), United Initiators GmbH (Germany), and PERGAN GmbH (Germany) are among the leading players operating in the organic peroxide market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansion and acquisition activities further to expand their presence in the organic peroxide market.
Recent Developments in Organic PeroxideMarket Industry
- In September 2023, Arkema SA announced a two-and-a-half-fold increase of its organic peroxide production capacities at its Changshu site in China.
- In April 2023, Nouryon Chemical Holding B.V. announced an investment in its facility in Ningbo, China.
- In April 2023, Nouryon Chemical Holding B.V. had announced an investment in its facility in Ningbo, China.
- In December 2021, Nouryon Chemical Holding B.V. initiated full-scale production at its innovative organic peroxide site in Tianjin, China.
- In May 2020, PERGAN GmbH launched PEROXAN PMB-Paste 50 SI (di- (4-methylbenzoyl) peroxide)) which is used for the chlorine-free crosslinking of silicone rubber.