Global Production of Organic Peroxide increases from 213698 MT in 2011 to 252003 MT in 2016, at a CAGR of more than 3.35%

Description :

According to QYR,the global production of organic peroxide increases from 213698 MT in 2011 to 252003 MT in 2016, at a CAGR of more than 3.35%. In 2016, the global organic peroxide market is led by China, capturing about 40.67% of global organic peroxide production. Europe is the second-largest region-wise market with 23.25% global production share. USA and Japan each took 16.92% and 4.14% of total production share.
China is also the largest consumption area of organic peroxide. In 2016, China consumed 33.93% of total organic peroxide in the world. Europe and USA are the following. They each took 23.85% and 17.23% of total consumption share. Japan consumed 4.77% in 2016. The rest of the world took the rest 20.23% consumption share.
At present, the major manufacturers of organic peroxide are concentrated in Akzo Nobel, Arkema, United Initiators, NOF Corporation, Pergan GmbH, Chinasun Specialty Products, Jiangsu Yuanyang, Zibo Zhenghua, Laiwu Meixing, Hualun Chemical, Solvay, Dongying Haijing Chemical, Lanzhou Auxiliary Agent Plan, Shizuoka Kawaguchi Chemical and Shaoxing Shangyu Shaofeng Chem. Akzo Nobel is the world leader, holding 22.43% production market share in 2016. The global organic peroxide market that was valued at 45.62 Million USD in 2011 is estimated to be worth 2352.05 Million USD by the end of 2016, registering growth at an impressive CAGR of 1.96%.
In the report, organic peroxide can be divided to Alkyl Hydroperoxide, Dialkyl Peroxide, Diacyl Peroxide, Peroxide Ester, Peroxidation Ketal, Peroxydicarbonate and others.
It is mainly used as polymerization initiator or crosslinking agents in the chemical and plastics industry. Degrading agent is another important application of organic peroxide. In 2016, initiator took 76.68% of total consumption share. Crosslinking agent and degrading agent each took 11.72% and 6.37% consumption. Other applications totally took 5.23% consumption share.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, organic peroxide production will show a trend of steady growth. In 2022 the production of benzoyl peroxide is estimated to reach 326524 MT. The CAGR from 2016 to 2022 is 4.41%.
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