Organic Peroxide Marketarket | Key players: Akzo Nobel N.V., Arkema, United Initiators, Pergan GmbH, NOF Corporation, Novichem, Chinasun Specialty Chemicals Co., Ltd., MPI Chemie B.V., Akpa Kimya Ambalaj Sanayi Ticaret Ltd., and Vanderbilts Chemicals LLC.

According to recent research "Organic Peroxide Market by Type (Diacyl, Ketone, Percarbonates, Dialkyl, Hydroperoxides, Peroxyketals, Peroxyesters), Application (Chemicals & Plastics, Coatings, Adhesives & Elastomers, Paper & Textiles), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global organic peroxide market is estimated at USD 902.4 Million in 2017 and is projected to reach USD 1,069.1 Million by 2022, at a CAGR of 3.4% from 2017 to 2022.

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The market is driven by the increased demand for organic peroxide from various application segments, such as chemicals & plastics, coatings, adhesives & elastomers, paper & textile, detergents, and personal care, among others. The chemicals & plastics application segment is estimated to lead the global organic peroxide market, in terms of volume and value, in 2017.

Compounds containing the peroxide functional group (ROOR’) are known as organic peroxides. Organic peroxides are highly flammable and explosive. They are commonly used in various industries, such as polymers, rubbers, and explosives as disinfectants and for bleaching. The growing demand for organic peroxide from various end-use industries, such as automotive, building and infrastructure, and electronics is driving the growth of the market.

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Organic peroxide is used in different application industries, such as chemicals & plastics, coatings, adhesives & elastomers, paper & textiles, detergents, personal care, and others. The growth of the organic peroxide market can be attributed to the increasing demand from the polymer industry.

Expansion was a key strategy adopted by major players to enhance their presence in the global organic peroxide market between 2013 and 2017.

Joint ventures, agreements/partnerships, collaboration, and expansions were the other key strategies adopted by market players to enhance their market shares and expand geographical reach in the organic peroxide market.

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AkzoNobel N.V. used expansions as a major strategy to increase its market share in the organic peroxide market. In July 2017, AkzoNobel announced plans to double the production capacity at its organic peroxide facility in Ningbo, China during the next two years. The company planned to increase the capacity by 40% by August 2017. This expansion was aimed at serving the increasing demand for polymers in emerging countries.

Arkema also adopted expansions as a key growth strategy. For instance, in January 2014, the company announced the construction of a new organic peroxide production plant at Changshu site, China. This expansion doubled the production capacity of the plant and was aimed at catering to the growing demand for organic peroxide in Asia.

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