Dublin, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/7vmb63/organic_peroxide) has announced the addition of the "Organic Peroxide Market by Type, Applications & Geography - Global Industry Trends & Forecasts to 2020" report to their offering.
The market for organic peroxides is projected to grow at a CAGR of 6.6% during the period between 2015 and 2020 and reach around $2.1 Billion by 2020. Asia-Pacific will be the growth driver during the period of study. China has the largest market share and is the second fastest growing market in Asia-Pacific
Organic peroxides are the most commonly used chemicals in various industries, which are significantly finding more uses over the last decade. It is widely used in applications involving functions such as accelerator, initiator, cross-linking agent, hardeners, activator, and curing and vulcanization agent make organic peroxides versatile chemicals used in polymer chemistry. It is also used as bleaching and disinfecting agent. Organic peroxides are commonly used as important ingredients in explosives. The increasing usage of organic peroxides as initiator and cross-linking agent in polymer applications are expected to lead the market towards product innovation and material development. The global organic peroxide market is witnessing growth on account of increasing applications, technological advancements, and rapidly growing demand in the Asia-Pacific region. Coating adhesives & elastomers is the fastest growing application for the organic peroxides during the forecast period. Among various types, percarbonates have the largest market share as of 2014 and is projected to retain its market position.
This study aims at estimating the global market of organic peroxides for 2014 and to project the expected demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global organic peroxide market. It provides a comprehensive review of key market drivers, restraints, opportunities, challenges, and key issues in the market. On the basis of region, the market is segmented into regions, such as Asia-Pacific, Europe, North America, and Rest of the World, which are further segmented into key countries in each region.
Scope of the Report:
On the basis of Type:
On the basis of type, the market is segmented as diacyl peroxides, ketone peroxides, peroxyesters, percarbonates, dialkyl peroxides, peroxyketals, and hydro-peroxides.
On the basis of Application:
On the basis of application, the market is segmented as chemical & plastic, coating adhesives & elastomers, paper & textiles, detergents, personal care, and others.
Companies Mentioned
- AKPA Kimya Ambalaj Sanayi Ticaret Ltd.
- Akzonobel
- Arkema SA
- MPI Chemie B.V.
- Novichem
- Pergan GmbH
- Solvay
- Suzhou Hualun Chemical Co., Ltd.
- United Initiators
- Vanderbilt Chemicals, Llc
For more information visit http://www.researchandmarkets.com/research/7vmb63/organic_peroxide
Organic Peroxide Market by Type, Applications & Geography - Global Industry Trends & Forecasts to 2020
| Source: Research and Markets