As cited by the research report titled ‘Organic Peroxide Market Size, Share and Industry Analysis Report by Product (Ketone Peroxide, Diacyl Peroxides, Dialkyl Peroxide, Percarbonates, Hydro Peroxides, Peroxyesters) and Application (Polymer, Coatings & Adhesives, Paper & Textiles, Cosmetics, Rubber, Healthcare), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global organic peroxide market is estimated to expand significantly over 2021-2027.
 

Increasing demand for polymers in various industries is a major factor driving global organic peroxide market growth. Prominent companies have been concentrating on extending their global presence in order to capitalize on rising product demand, which is in turn adding traction to the overall market size.
 

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For the record, organic peroxide is often employed as an initiator in the polymerization process to generate various types of polymers. Organic peroxide cross-linked polymers are used in high-performance demanding industries like automotive, oil & gas, and sports because of their exceptional mechanical qualities.
 

When paired with polymers, organic peroxide's adaptability opens up new possibilities in the development of renewable energy, especially solar and wind energy. As a result, the widespread usage of organic peroxide as an intermediate has bolstered the product uptake across a variety of industries, thereby favoring the industry outlook.
 

Based on product type, worldwide organic peroxide industry share from the dialkyl peroxide segment is expected to expand at 3.9% CAGR over the projected timeframe as it is used as an initiator in high polymers, as vulcanizing agents in elastomers, and as effective crosslinking and viscosity modifiers in polyolefins, which in turn is propelling the segmental growth.

Speaking of the application ambit, the marketplace is divided into polymer, rubber, paper & textiles, cosmetics, coatings & adhesives, healthcare, and others. As cited in the report, the cosmetics segment is slated to grow at 3.6% CAGR over the estimated timeline, with increasing cosmetics production in countries like Germany, France, Russia, and Japan, among others.

The regional scope of global organic peroxide industry consists of North America, Asia Pacific, Europe, and Latin America. Experts cite that Middle East & Africa accounted for 7% of the overall market share in 2020 and is likely to expand at a strong growth rate over the analysis period on account of rising investments by prominent manufacturing companies across the region.

Prominent players influencing the industry trends are Novichem Co., Suzhou Hualun Chemical Co. Ltd., Zibo Zhenghua Auxiliary Co. Ltd., Jiangsu Yuanyang Pharmaceutical Co. Ltd., Chinasun Specialty Products Co. Ltd., Pergan GmbH, NOF Corporation, United Initiators Inc., Arkema S.A., Solvay S.A., and Nouryon (AkzoNobel Specialty Chemicals).