From GlobeNewswire: 2024-04-09 21:00:00

The Organic Peroxide Market is set to reach USD 2.6 billion by 2030, growing at a CAGR of 4.2%. Demand is driven by coatings, adhesives, and elastomers industries, utilizing organic peroxides for various applications. Manufacturers are increasingly relying on these compounds to enhance product quality and performance across sectors like automotive and construction.

The diacyl peroxide segment dominates the market due to its versatility in various industries. Chemicals and plastics application holds the largest market share, driving the synthesis and processing of compounds and plastics. Asia Pacific leads as the largest region, with a strong industrial landscape and growing demand for organic peroxides in sectors like chemicals and automotive.

With a 4.2% CAGR, the Organic Peroxide Market is forecasted to reach USD 2.6 billion by 2030. Coatings, adhesives, and elastomers industries are the main users of organic peroxides for initiation, crosslinking, and curing. The diacyl peroxide type contributes significantly to the market share due to its versatile and essential role in various manufacturing processes and applications.



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