Posted 4/10/2024, 1:00:00 AM
Organic Peroxide Market Poised for Steady Growth to $2.6 Billion by 2030 Driven by Demand from Chemicals and Plastics Industries
- Organic Peroxide Market projected to reach $2.6 billion by 2030, growing at a CAGR of 4.2%
- Surge in demand from coatings, adhesives, and elastomers industries where organic peroxides are used as initiators, crosslinking agents, etc.
- Diacyl peroxides segment dominates market owing to versatility and widespread use in polymerization processes
- Chemicals and plastics application segment to see highest growth due to organic peroxides' role in production of polymers, resins, etc.
- Asia Pacific is the largest organic peroxide market driven by robust industrial and manufacturing landscape