PUBLISHER: Orion Market Research | PRODUCT CODE: 1215801
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215801
Title:Global Organic Peroxide Market Size, Share & Trends Analysis Report, By Product (Ketone Peroxide, Diacyl Peroxides, Dialkyl Peroxide, Percarbonates, Hydro Peroxides, and Peroxyesters), By Application (Polymer, Coatings & Adhesives, Paper & Textiles, Cosmetics, Rubber, Healthcare, and Others), Forecast Period (2022-2028).
The global organic peroxide market is anticipated to grow at a CAGR of 4.3% during the forecast period. There is a significant rise in the demand for organic peroxide as a strong bleaching agent, which in turn, is driving the market growth. Hydrogen peroxide is active against a wide range of microorganisms, including bacteria, yeasts, fungi, viruses, and spores acting as a disinfectant. Disinfectants are chemical agents applied to non-living objects to destroy bacteria, viruses, fungi, mould, or mildew living on the objects. According to The Observatory of Economic Complexity, in 2020 the top importers of disinfectants, packaged for retail sale were the US ($875 million), Canada ($531 million), Germany ($320 million), France ($298 million), and UK ($280 million).
The global organic peroxide market is segmented based on product and application. Based on product, the market is segmented into ketone peroxide, diacyl peroxides, dialkyl peroxide, percarbonates, hydro peroxides, and peroxyesters. Based on application, the market is segmented into polymer, coatings & adhesives, paper & textiles, cosmetics, rubber, healthcare, and others. The above-mentioned segments can be customized as per the requirements.
The global organic peroxide market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to grow at the fastest rate owing to the increasing spending on apparel, as hydrogen peroxide in higher concentrations is used as a bleach for textiles. US textile and apparel shipments totaled $65.2 billion in 2021. According to the National Council of Textile Organization (NCTO), the US industry is the second-largest exporter of textile-related products in the world. Fiber, textile, and apparel exports combined were $28.4 billion in 2021, the US textile and apparel shipments totaled $65.2 billion in 2021.
The major companies serving the global organic peroxide market include AkzoNobel NV, Arkema Group, United Initiators GmbH, NOF CORP., and Pergan GmbH. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market.
Research Methodology
The market study of the global organic peroxide market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: