Press release
Dicumyl Peroxide Market – Global Upcoming Demand & Growth Analysis 2018-2028
Introduction: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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As a high temperature cross linker, dicumyl peroxide is used in rubber and plastic applications. Moreover, dicumyl peroxide is widely used as an initiator for several polymerization reactions involving synthetic resins or unsaturated polyester resins. In some cases, dicumyl peroxide finds its application as a vulcanizing agent.
Market Dynamics:
The rise in disposable income and the ever increasing automobile fleet on road are some of the main factors that drive the rubber tires market, which eventually increases the dicumyl peroxide market as well.
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Polymers produced using dicumyl peroxide display exceptional durability, and find tremendous application in the manufacture of shoe soles, which is on a growth trajectory, mainly in developing economies.
The growing demand to advance installed electricity networks is also expected to increase the demand for dicumyl peroxide, as it finds application in insulating high voltage cables.
Coupled with this, huge investments in the renewable sources of energy also have the potential to drive the dicumyl peroxide market during the forecast period.Market Segmentation:
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Regional Outlook:
Globally, Asia Pacific dominates the dicumyl peroxide market. China is in the forefront of Asia Pacific, having a much bigger market share as compared to other nations.
It has also been observed that, the density of manufacturers is high in the Asia Pacific region, concentrated in countries like China, Taiwan, South Korea, etc.
Due to the rapid growth in the building construction and infrastructure sector, but not limited to, the developed regions like North America and Europe, dicumyl peroxide is budding in these regions due to the development of the paint and coating industry.
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List of Market Participants:
Arkema S.A.
TCI Chemicals (India) Pvt. Ltd.
MP Biomedicals, LLC.
Greenchemicals SpA
ACE CHEMICAL CORP.
DONGSUNG Corporation
PERGAN GmbH
Akzo Nobel Chemicals B.V.
Monomer-Polymer & Dajac Laboratories Inc.
Sundow Polymers Co., Ltd.
Sinopec Shanghai Gaoqiao Petrochemical Corporation
Taicang Plastic Additives Factory Co., Ltd
Shandong Rui Huang Chemical Co., Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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