PUBLISHER: Market Research Future | PRODUCT CODE: 1296812
PUBLISHER: Market Research Future | PRODUCT CODE: 1296812
The Europe organic peroxide market is projected to witness healthy growth during the forecast period, 2022-2030. The market was valued at USD 373.62 million in 2021 and is projected to register a CAGR of 4.13% to reach USD 525.44 million by the end of 2030. In terms of volume, the market was sized at 104,748.19 tons in 2021 and is likely to exhibit a CAGR of 3.40% to reach 138,894.95 tons by the end of 2030.
The Europe organic peroxide market is projected to witness significant growth during the review period, the prime drivers of the Europe organic peroxide market include the increasing use of organic peroxide in plastic and rubber industry. Additionally, increasing usage of dialkyl peroxide, which positively impacted the Europe organic peroxide market. Rising demand for organic peroxide in building & construction, automotive and pharmaceutical industries are projected to create high demand in the future. Therefore, the Europe organic peroxide market has great potential of growth in the next decade.
According to MRFR analysis, the Europe organic peroxide market has been segmented based on type, application, and country. Based on type, the market has been divided into dialkyl Peroxides and Others. The other segment accounted for the largest share of 81% in 2021. The segment was valued at USD 302.79 million in 2021; it is expected to register a CAGR of 3.90% to reach USD 417.20 million by the end of 2030. The growth is mainly due to the extensive range of properties offered by organic.
By application, the Europe organic peroxide market has been classified into plastic, rubber, and others. The plastics segment dominated the Europe organic peroxide market with a market share of 45% by value in 2021 due to the growing consumption of plastic products across Europe. The segment was valued at USD 166.33 million in 2021; it is expected to register a CAGR of 4.62% to reach USD 243.94 million by the end of 2030.
With respect to the European region the market is divided into Germany, Russia, UK, Italy, France, Spain, and rest of Europe. Where Germany accounted largest share in Europe organic peroxide market with value USD 94.79 million in 2021 it is expected to register a CAGR of 4.37% to reach USD 136.09 million by the end of 2030.
Arkema, Solvay S.A., PERGAN GmbH Nouryon, and United Initiators are the major players operating in the market.
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PHARMACEUTICAL INDUSTRIES 28