Press release
Benzoyl Peroxide Market Forecast Projected Growth from 15.59 KT in 2023 to 21.00 KT by 2030, with a CAGR of 4.35%
๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐ง๐ณ๐จ๐ฒ๐ฅ ๐๐๐ซ๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ฆ๐ข๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌThe global benzoyl peroxide market, currently valued at USD 2.4 billion in 2023, is experiencing rapid growth, spurred by a rise in demand for skin care products and increasing industrial applications. With the global market expected to grow at a CAGR of 6.9% from 2024 to 2030, key players across various regions are adopting strategic mergers, acquisitions, and new partnerships to strengthen their positions in the competitive landscape.
๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/80540/
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ง๐ณ๐จ๐ฒ๐ฅ ๐๐๐ซ๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ
Vietnam: A Rising Player in the Benzoyl Peroxide Market
In Vietnam, the demand for benzoyl peroxide has surged due to growing industrial applications in the cosmetics and pharmaceutical sectors. Major mergers, such as Vietnam Chemical Joint Stock Company's acquisition of regional suppliers, have enabled the company to increase its production capacity and meet the rising local demand.
Thailand: Strategic Partnerships with Key Manufacturers
Thailand's benzoyl peroxide market has seen significant activity, particularly with Bangkok Chemicals & Pharmaceuticals Co., which recently entered into a partnership with L'Orรฉal Group to develop more affordable skincare products for the Southeast Asian market. This move is expected to enhance both companies' market share in the region.
Singapore: Mergers to Boost Distribution and Manufacturing
In Singapore, SG Chemicals Ltd. has successfully merged with Asian Chemical Solutions to create a regional leader in the production and distribution of benzoyl peroxide. The merger is expected to help SG Chemicals expand its market presence in East Asia, targeting both consumer and industrial markets.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/80540/
๐๐๐ง๐ณ๐จ๐ฒ๐ฅ ๐๐๐ซ๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
by Product Type
50% Benzoyl Peroxide Powder
50% Benzoyl Peroxide Paste
by Application
Chemical and Plastics Industry
Building and Construction
Automotive and Transportation
Others
๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ง๐ค ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ @https://www.maximizemarketresearch.com/request-sample/80540/
๐๐๐ง๐ณ๐จ๐ฒ๐ฅ ๐๐๐ซ๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Akzo Nobel
2. United Initiators
3. Arkema
4. Chinasun Specialty Products
5. Taizhou Yuanda
6. Haixiang, Hentai
7. SACI
8. Jain and Jain
9. YUH TZONG
10.Mil-Spec Corp
11.Degussa Initiators, LLC
12.Liuang Chemical Corporation
13.Jiangsu Peixing Chemical
14.Enox
15.Shandong Hengtai Chemical
16.Jiangsu Yuanyang Pharmaceutical
17.Zhengzhou Tongli Surfactant
18.Shandong Laiwu Meixing Chemical
19.Ming Dih Industry
๐๐จ ๐๐๐ญ ๐๐จ๐ซ๐:https://www.maximizemarketresearch.com/market-report/global-benzoyl-peroxide-market/80540/
๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง ๐๐ง๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
Japan: Innovation Drives Expansion
In Japan, Kao Corporation, a leader in beauty and skincare products, has been acquiring smaller manufacturers of active ingredients like benzoyl peroxide. Their recent acquisition of Benzon Japan, a key player in peroxide derivatives, is expected to enhance the company's product offerings in skincare formulations and boost their international market reach.
South Korea: Focus on New Product Development
South Korean chemical giant LG Chem has been at the forefront of developing innovative benzoyl peroxide-based products. The company's recent merger with SK Biochemicals aims to increase production capacity while leveraging SK's cutting-edge research in biotechnology to advance new applications of benzoyl peroxide, especially in skincare.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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