Benzoyl peroxide, with chemical name (C6H5CO)2O2, consists of two benzoyl groups connected by a peroxide link. It is one of the important peroxides in terms of its application and scale of production. In the physical form, benzoyl peroxide is odorless white granular powder or crystals. It is primarily used as a dermatologic agent in the treatment of acne and poison ivy dermatitis. Benzoyl peroxide is also used as bleach in the food industry.
Benzoyl peroxide decomposes to release oxygen, which kills bacteria. Due to its irritant effect, benzoyl peroxide increases the turnover rate of epithelial cells of the skin, thereby peeling the acne skin and increasing fairness. Benzoyl peroxide is used in the treatment of acne vulgaris. Typical concentration for benzoyl peroxide is 2.5% to 10% for prescription and over-the-counter preparations that are used in the treatment for acne in the U.S. The usage of benzoyl peroxide as food additive has been approved by the Food & Drug Administration of the U.S. It is added to bread and cheese as a bleaching agent. It is also used as bleaching agent for hair, teeth whitening, and fabric cleaning in higher concentration. However, benzoyl peroxide commonly causes side effects such as dryness and irritation. Some people are more sensitive to it and prone to suffer from burning, itching, and possibly swelling. These side effects can be avoided by applying benzoyl peroxide in lower concentration to reach a tolerance level on the skin.
Benzoyl peroxide is also available in gel, cream, powder, and liquid forms with different concentrations. Benzoyl peroxide solutions are moderately concentrated for applications such as face wash and fabric cleansers.
The global benzoyl peroxide market can be segmented based on product type and application. Based on product type, the global benzoyl peroxide market can be segregated into 50% benzoyl peroxide powder, 50% benzoyl peroxide paste food grade, pharmaceutical grade, and technical grade. In terms of application, the benzoyl peroxide market can be divided into chemicals, plastics, personal care & cosmetics, pharmaceuticals, and food additives.
Benzoyl peroxide is used as antimicrobial and anti-inflammatory agent. It is also used in combinational drugs. These factors are driving the benzoyl peroxide market. However, it has teratogenic effects and cannot be prescribed for pregnant women. This is expected to hamper benzoyl peroxide market in medical sector.
In terms of region, the global benzoyl peroxide market can be split into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Based on consumption, the U.S., Japan, Germany, India, and China are the major countries contributing significantly to the global benzoyl peroxide market. Increase in adoption of benzoyl peroxide in a wide range of applications is driving the benzoyl peroxide market in these countries.
Key players operating in the benzoyl peroxide market include Mil-Spec Corp, Akzo Nobel Chemical Inc., Degussa Initiators, LLC, and Liuang Chemical Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.