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Organic Peroxide Market from plastics and rubber industries will see strong growth rate by 2025
Organic Peroxide Market
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Plastics and rubber industries are the major revenue pockets for the global organic peroxide market. These industries uses organic peroxides mainly as, activators, cross-linking agents, accelerators, curing agents, hardeners, initiators, and promoters in the manufacturing processes. However, stringent regulations relating to the use of organic peroxides such as EU Regulation EC 1907/2006 (REACH) coupled with safety issues regarding the handling of organic peroxides is projected to be the major restraining factor during the given period (2020-2025).
Company Profiles:
1. Akzo Nobel
2. Solvay
3. Arkema
4. United Initiators
5. NOF Corporation
6. Pergan GmbH
7. Chinasun Specialty Products
8. Jiangsu Yuanyang
9. Zibo Zhenghua
10. Laiwu Meixing
11. Hualun Chemical
This report also focuses on the Professional Global organic peroxide market size with respect to the volume and value - at the regional, company, and worldwide level. Market strategies undertaken, with regards to the current and future industry scenario have also been enlisted in the study.
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In terms of product type, the global organic peroxide market has been segmented into ketone peroxide, diacyl Peroxides, dialkyl peroxide, percarbonates, hydro peroxides, peroxyesters and others. Among the segments, diacyl peroxide product segment was the dominant segment in 2018 and is projected to exhibit the same trends during the forecast period.
In terms of end user industry, the global organic peroxide market has been segmented into polymer, coatings & adhesives, paper & textile, cosmetics, rubber, healthcare and others. Among the industries polymer, paper & textile and coatings are the dominant segments and is anticipated to generate substantial revenue during the forecast period.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
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Asia Pacific is estimated to grow at a significant CAGR in the organic peroxide market during the forecast period. The rising disposable income in the region has augmented the demand for personal care and textile among others in turn adding to the revenue of the global organic peroxide industry.
Moreover, the growing construction activities in the region has resulted in penetration of paints and coatings consequently resulting in the growth of the market in the region. North America and Europe are other major region attributing to the growth of the market. The growing demand for the product in paints and coatings application is the major factor attributing to the organic peroxide market growth.
Key questions answered in the report:
o What will be the organic peroxide market demand, size, share, and consumption between 2020 to 2025?
o What will the growth rate of market?
o What was the status of this market worldwide during the past years?
o What are the key factors that will drive the organic peroxide market?
o What are the risks, opportunities, and the overview of organic peroxide market?
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Corporate Sales, USA
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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