( PR4US.com | Press Release | 2017-03-09 21:46:41 )
The report “Organic Peroxide Market by Type (Diacyl Peroxides, Ketone Peroxides, Peroxyesters, Percarbonates, Dialkyl Peroxides, Peroxy Ketals, Hydro-Peroxides), Applications (Chemical & Plastic, Coating Adhesives & Elastomers, Paper & Textiles, Detergents, Personal Care), Geography -
Global Industry Trends & Forecasts to 2020” defines and segments the organic peroxides market with an analysis and forecast of the market size in terms of value and volume. Browse 84 tables and 45 figures spread through 135 Pages and in-depth TOC on "Organic Peroxide Market by Type (Diacyl Peroxides, Ketone Peroxides, Peroxyesters, Percarbonates, Dialkyl Peroxides, Peroxy Ketals, Hydro-Peroxides), Applications (Chemical & Plastic, Coating Adhesives & Elastomers, Paper & Textiles, Detergents, Personal Care), Geography - Global Industry Trends & Forecasts to 2020"
“Chemical & Plastic- Major Application for organic peroxides”
The organic peroxides market is segmented into seven applications, chemical & plastic, coating adhesives & elastomers, paper textiles, detergents, personal care, and others. Among these applications, chemical & plastic accounted for largest market share in 2014 in terms of value as well as volume.
‘Global organic peroxides market size to reach USD 2.1 billion by 2020’
The organic peroxides market size is projected to reach USD 2.1 Billion by 2020 at a CAGR of 6.6%. In terms of value, the organic peroxides market size in chemical & plastics application is projected to reach USD 1.2 Billion by 2020, at a CAGR of 6.2% between 2015 and 2020. The market in North America accounted for the largest share of the organic in 2014 and is projected to be the third fastest-growing market after Asia-pacific and Rest of World in terms of value, between 2015 and 2020.
‘North America and Asia-Pacific accounted for approximately 65% share of the organic peroxides market in 2014’
North America was the major market for organic peroxides in 2014, which is projected to register the second highest CAGR in terms of volume after Asia-Pacific between 2015 and 2020, owing to the increasing demand from end-user industries, such as chemical & plastic and coatings, adhesives and elastomers. North America is expected to continue its domination the organic peroxide market by 2020, with high investments from manufacturers in capacity expansion. Asia-Pacific was the second-largest market for organic peroxides in 2014.
Organic peroxides are the most commonly used chemicals in various industries, which have significantly growing over the last decade. Its application in accelerator, initiator, cross-linking agent, hardeners, activator, and curing and vulcanization agent makes organic peroxides versatile chemicals used in polymer chemistry.
Globally, North America accounted for the largest share of the organic peroxide market in 2014, followed by Asia-Pacific and Europe. U.S. was the single largest market globally and accounted for more than 86% of the regional demand in 2014 whereas India is expected to register a higher growth rate in Asia-Pacific. China and other Asia-Pacific countries, such as India and Japan have also accounted for a significant share of market.