Organic Peroxide Market Size (2024 - 2029)

The organic peroxide market is projected to experience growth over the forecast period, driven by increasing demand for polymers and their rising use in coating applications. Despite challenges such as difficulties in storage, transport, and handling, the market is expected to expand, with the Asia-Pacific region anticipated to lead in terms of market size and growth rate. The market's recovery post-pandemic and the growing need for lightweight materials present further opportunities for expansion.

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Market Size of Organic Peroxide Industry

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Organic Peroxide Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.30 Billion
Market Size (2029) USD 1.61 Billion
CAGR (2024 - 2029) 4.44 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Organic Peroxide Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Organic Peroxides Market Analysis

The Organic Peroxide Market size is estimated at USD 1.30 billion in 2024, and is expected to reach USD 1.61 billion by 2029, growing at a CAGR of 4.44% during the forecast period (2024-2029).

The organic peroxide market is hampered by the COVID-19 pandemic in 2020. Due to nationwide lockdowns, social distancing measures, and disruption in the global supply chain network, most of the factories and industries were shut down, which affected the supply-demand of plastic-related materials and witnessed a decline in pulp and paper products which in turn affected the market demand for organic peroxide. However, the demand from various industries recovered in 2021 and is expected to grow significantly during the forecast period.

  • Over the short term, increasing demand for polymers from various end-user Industries and surging utilization in coating applications are major factors driving the growth of the market studied.
  • Difficulty in the storage, transport and handling of organic peroxides is expected to hinder the market's growth.
  • Growing demand for lightweight materials will likely create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Organic Peroxides Industry Segmentation

Organic peroxides are derivatives of hydrogen peroxide. Organic peroxides are generally used to initiate a process called polymerization, which creates plastic polymers. The organic peroxide market is segmented by type, application, and geography. By type, the market is segmented into diacyl peroxides, ketone peroxides, percarbonates, benzoyl peroxide, dialkyl peroxides, hydro-peroxides, Peroxyester, and other types. By application, the market is segmented into polymers and rubber, coatings and adhesives, paper and textiles, cosmetics, healthcare, and other applications. The report also covers the market size and forecasts for the organic peroxide market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Type
Diacyl Peroxides
Ketone Peroxides
Percarbonates
Benzoyl Peroxide
Dialkyl Peroxides
Hydro-Peroxides
Peroxyesters
Other Types
Application
Polymers and Rubber
Coatings and Adhesives
Paper and Textile
Cosmetics
Healthcare
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Organic Peroxide Market Size Summary

The organic peroxide market is poised for growth, driven by increasing demand for polymers and their applications in various industries. These compounds serve as crucial initiators in plastics manufacturing, enhancing the properties of polymers such as polypropylene through cross-linking. This process improves the mechanical and physical qualities of elastomers, offering better resistance to environmental factors and reducing discoloration. The market's recovery post-COVID-19 disruptions is supported by the rising utilization of organic peroxides in coating applications and the growing demand for lightweight materials. However, challenges such as the difficulty in storage, transport, and handling of organic peroxides may impede market expansion.

The Asia-Pacific region, particularly China, is expected to dominate the organic peroxide market, benefiting from its substantial plastic production and synthetic rubber manufacturing capabilities. China's significant share in global plastic production and its robust rubber industry contribute to the increased demand for organic peroxides. India also plays a vital role in the region's market dynamics, with its substantial rubber production and consumption. The market is partially consolidated, with key players like Nouryon, Arkema Group, and United Initiators actively expanding their operations to strengthen their market presence. These developments, coupled with strategic expansions and partnerships, are likely to enhance the market's growth trajectory in the coming years.

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Organic Peroxide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Polymers from Various End-user Industries

      2. 1.1.2 Surging Utilization in Coating Applications

    2. 1.2 Restraints

      1. 1.2.1 Difficulty in Storage, Transport, and Handling Organic Peroxides

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Diacyl Peroxides

      2. 2.1.2 Ketone Peroxides

      3. 2.1.3 Percarbonates

      4. 2.1.4 Benzoyl Peroxide

      5. 2.1.5 Dialkyl Peroxides

      6. 2.1.6 Hydro-Peroxides

      7. 2.1.7 Peroxyesters

      8. 2.1.8 Other Types

    2. 2.2 Application

      1. 2.2.1 Polymers and Rubber

      2. 2.2.2 Coatings and Adhesives

      3. 2.2.3 Paper and Textile

      4. 2.2.4 Cosmetics

      5. 2.2.5 Healthcare

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Organic Peroxide Market Size FAQs

The Organic Peroxide Market size is expected to reach USD 1.30 billion in 2024 and grow at a CAGR of 4.44% to reach USD 1.61 billion by 2029.

In 2024, the Organic Peroxide Market size is expected to reach USD 1.30 billion.

Organic Peroxides Market Report Snapshots

Organic Peroxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)