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Dicumyl Peroxide Market 2020 is Expected to Reach at USD 304.75 million by 2027 with a CAGR of 6.10% | Global Players Like- Arkema; DONGSUNG HOLDINGS.; PERGAN Hilfsstoffe für industrielle Prozesse GmbH
Market OverviewDicumyl peroxide market will reach an estimated valuation of USD 304.75 million by 2028, while registering this growth at a rate of 6.10% for the forecast period of 2021 to 2028. Dicumyl peroxide market report analyses the growth, which is currently being growing due to the increasing production of the automotive products.
Dicumyl peroxide is a member of the aromatic organic peroxide family which is a powder coloured white or light yellow that is insoluble in water while synthesised with cumyl hydroperoxide and cumyl alcohol or methyl cumyl ether reactions. Dicumyl peroxide is soluble and sublimable in the presence of vacuum in organic solvents. The product is mainly used in the manufacturing process of elastomers, polymers and found various applications in polymer and rubber industry.
The growing usages of the product as cross linking agent polyethylene, silicone, acrylic, ethyl vinyl acetate resins as well as ethyl vinyl acetate foam sheets, shoe soles and polyethylene foams, increasing number of applications from footwear industry, growing energy concern and stringent norms regarding insulation standards advancement of polymer science along with the growth plastic and polymer industry are some of the major as well as important factors which will likely to accelerate the growth of the dicumyl peroxide market in the projected timeframe of 2021-2028. On the other hand, surging levels of investment in the renewable source of energy along with increasing applications in insulating high voltage cables which will further contribute by generating immense opportunities that will led to the growth of the dicumyl peroxide market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with stringent government regulations and policies which will likely to act as market restraints factor for the growth of the dicumyl peroxide in the projected timeframe mentioned above. Toxic and inflammable nature of the product which will become the biggest and foremost challenge for the growth of the market.
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The Dicumyl Peroxide Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Dicumyl Peroxide Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Dicumyl Peroxide Market.
Major Market Manufacturers Covered In The Dicumyl Peroxide Market Are:
The major players covered in the dicumyl peroxide market report are Arkema; DONGSUNG HOLDINGS.; PERGAN Hilfsstoffe für industrielle Prozesse GmbH; Sundow Polymers Co., Ltd; Greenchemicals SpA; Monomer-Polymer & Dajac Labs; China Petrochemical Corporation.; MP BIOMEDICALS.; ACE CHEMICAL CORP.; Akzo Nobel N.V.; Evonik Industries AG; Hanhong Group; Lanzhou Auxiliary Agent Plant Co., Ltd; DPL; Year Fortune Corp. Ltd; Bhavik Enterprise.; A. B. Enterprises.; Kesaria Rubber Industries Pvt. Ltd; Lab Line Enterprises; Green Chemicals; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Asia-Pacific dominates the dicumyl peroxide market due to the increasing levels of disposable income of the people, rapid industrialization along with increasing automotive production in the region. North America, and Europe region will expect to hold the largest growth rate due to the prevalence of various market players, rising number of stringent government regulation in the region.
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How will this Market Intelligence Report Benefit You?
1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
2. Exclusive insight into the key trends affecting the Dicumyl Peroxide’ industry, although key threats, opportunities and disruptive technologies that could shape the Global Dicumyl Peroxide’ market supply and demand.
3. The report tracks the leading Market players that will shape and impact the Global Dicumyl Peroxide’ Market most.
4. The data analysis present in the Dicumyl Peroxide’ Market report is based on the combination of both primary and secondary resources.
5. The report helps you to understand the real effects of key Market drivers or retainers on Dicumyl Peroxide’ Market business.
Global Dicumyl Peroxide Market Scope and Market Size
Dicumyl peroxide market is segmented on the basis of grade, function, end-use industry, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of grade, the dicumyl peroxide market is segmented into low purity grade (
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Dicumyl peroxide, often termed as DCP, is an organic chemical compound generally used for crosslinking natural and synthetic rubber. Dicumyl peroxide is also a crosslinking agent between polymers and elastomers.
Due to its prominent presence in polyolefin and rubber, dicumyl peroxide is used to manufacture tires, rubber seals, hose, wires, etc. Dicumyl peroxide catalyzes the function of a flame retardant in expanded polystyrene in case of heating.
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