Organic peroxides are organic compounds having two oxygen atoms. Organic peroxides find application in various industries. Organic peroxides find applications for in polymerization, where they are used as initiators, such as the epoxy resins employed in glass-reinforced plastics. Organic peroxides such as MEKP and benzoyl peroxide are commonly utilized for this purpose. They also function as hardeners, activators, accelerators, cross-linking agents, and curing and vulcanization agents, which makes organic peroxides dynamic chemicals that are employed in polymer chemistry. Furthermore, organic peroxides are utilized as bleaching and disinfecting agents. For instance, benzoyl peroxide is effective for treating most forms of acne. Organic peroxides are commonly employed as important ingredients in explosives. The property of organic peroxides used for developing explosives is that they intentionally or unintentionally initiate explosive polymerization in materials with unsaturated chemical bonds. Hexamethylene triperoxide diamine (HMTD) and methyl ethyl ketone peroxide (MEKP) are widely known explosive organic peroxides. Organic peroxides find application in the synthesis of organic compounds, such as alkenes are formed using epoxides. This is of great use in the chemical industry.
A major driver for the organic peroxides market is the rubber industry. Organic peroxides are employed in the vulcanization of rubber without the usage of the sulphur, and for crosslinking of elastomers in the rubber industry. The organic peroxides market is anticipated to expand due to the increased usage of rubber globally. Other important industry which plays role in the growth of organic peroxide industry is the plastic industry. The Luperox organic peroxide by Arkema is utilized to produce thermoplastics such as polyvinyl chloride, polystyrenes, and low-density polyethylene, which are then employed in various products such as plastic bags, pipes, chairs, and textiles. The organic peroxides market is anticipated to expand at a significant growth rate due to increasing research and development on organic peroxide applications.
A prominent restraint for the organic peroxides market is the issue associated with safety, handling, and transportation of organic peroxide. However, companies are focusing on developing varied packaging options for organic peroxide handling in order to avoid any hazardous while transportation.
The global organic peroxide market can be segmented on the basis of classes, application, and region. In terms of classes, the organic peroxides market can be segmented into hydroperoxides, ketone peroxides, dialkyl peroxides, diacyl peroxides, peroxyesters, peroxydicarbonates, and peroxyketals. Dialkyl peroxides are employed for efficient crosslinking of polyolefins, as vulcanizing agents for elastomers, curing agents for polyester resins, and initiators in bulk. In terms of application, the organic peroxides market can be segmented into paints, coatings & adhesives, construction, consumer goods, construction, cosmetics, automotive & transportation, packaging & paper, plastics & chemicals, electrical & electronics, and renewable energy. In terms of region, the organic peroxides market can be segmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA). Organic peroxide market of Asia Pacific is projected to expand at a significant growth rate in the near future. This is attributed to the rising demand for organic peroxide in the plastic & paper and with chemical industries. The organic peroxides market in North America is estimated to dominate the global market due to the rising demand from end-user industries such as chemical, & plastic and coatings, adhesives, and elastomers.
Key players operating in the global organic peroxides market include AkzoNobel NV, Arkema, MPI United Initiators, Pergan GmbH, Novichem, and Suzhou Hualun Chemical Company Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.