DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Organic Peroxide Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The organic peroxide market is expected to register a moderate CAGR of 4.2% during the forecasted period, 2018-2023. The market is driven by many factors, such as increasing demand from polymer industry, however, growing regulations on the product regarding its usage in food applications are restraining the market during the forecasted period.
Increasing Demand from the Polymer Industry
Organic Peroxides are used in polymer industries as a source of free radicals for polymerization of unsaturated monomers, which are used to produce various polymers, such as low-density polyethylene (LDPE), polyvinyl chloride (PVC), polyacrylate, polystyrene (EPS, GPPS, HIPS, SAN), and polybutadiene. Growing plastic applications in various end-users, like healthcare, biotechnology, and automotive industry, due to their chemical properties are expected to drive the market during the forecasted period.
Polyurethane - The Fastest Growing Application
Based on type, diacyl peroxides has the largest share and is expected to grow at a healthy rate. Diacyl peroxides find major applications as a free radical initiator during the polymerization of PVC’s, vinyl monomer polymerization, curing agent for thermoset resins, and as crosslinking of thermoplastics & elastomers. Growing demand from emerging countries of Asia Pacific and South America is expected to drive the market during the forecasted period.
Notable DevelopmentAkzoNobel Specialty Chemicals invested more than EURO 12 million in order to expand the production capacity, along with its up gradation of its organic peroxides facility in Los Reyes, Mexico. The project involves the construction of a new facility to manufacture Perkadox CH-50 organic peroxides.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company ProfilesAkzo Nobel N.V. Arkema United Initiators PERGAN GmbH NOF Corporation Novichem Chinasun Specialty Products MPI Chemie B.V. AKPA Vanderbilt Chemicals LLC Kawaguchi Chemical Lianyungang Hualun Chemical Dongying Haijing Chemical Shaoxing Shangyu Shaofeng Chemical ACE Chemical Corp. Plasti Pigments
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Related Topics:Chemical Auxiliary Agents
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 08/20/2018 10:35 AM/DISC: 08/20/2018 10:35 AM