Organic Peroxide Market

Organic Peroxide Market Forecasts to 2030 - Global Analysis By Type (Diacyl Peroxide, Ketone Peroxide, Percarbonates, Dialkyl Peroxides and Other Types), Application (Chemical Reagent, Cross-Linking Agent and Other Applications), End User (Plastic, Polymer, Coatings & Adhesives, Elastomers and Other End Users) and By Geography

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Published: 2023 ID: SMRC23660

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $2.2 BN

Projected Year Value (2030)

US $3.4 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market


Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Organic Peroxide Market is accounted for $2.2 billion in 2023 and is expected to reach $3.4 billion by 2030 growing at a CAGR of 6.2% during the forecast period. The functional group ROOR' can be identified in a group of organic molecules known as organic peroxides. In many different types of polymerization processes, such as the production of epoxy resins used to make glass-reinforced polymers, organic peroxides are commonly utilized as initiators. Organic peroxides are potent bleaching agents that are also a component of disinfectants, much as inorganic peroxides. Additionally, it serves as a catalyst in the production of packaging materials, detergents, and personal care products.

According to the Malaysian Rubber Council, the global production of rubber climbed by 8.9% to 21.6 million metric tons in the first nine months of 2021, compared to 19.8 million tonnes in the same period of 2020.

Market Dynamics:


Increasing demand for polymers from various end-user industries

Organic peroxides are essential initiators in the polymerization process and are used to manufacture a wide range of polymers such as polyethylene, polypropylene, and polystyrene. As industries like automotive, construction, packaging, and electronics experience growth, the need for polymers also rises, driving the demand for organic peroxides. These peroxides facilitate efficient and controlled polymerization reactions, leading to enhanced product quality and performance. The growing applications of polymers in diverse sectors create a favorable market landscape for organic peroxides' continued expansion and development.


Difficulty in storage, transport, and handling organic peroxides

Organic peroxides are highly reactive and can be hazardous if not handled with care. They are sensitive to temperature, shock, and friction, which increase the risk of accidents during storage and transportation. Strict safety regulations and special storage requirements add complexity and cost to the supply chain. Ensuring proper handling and safety measures throughout the distribution process is crucial. These challenges can deter potential users and pose obstacles to the market's growth, despite the demand for organic peroxides in various industries.


Organic peroxide is highly used as catalyst

As catalysts, organic peroxides play a crucial role in initiating and accelerating chemical reactions, especially in polymerization processes for various industries. Their ability to efficiently promote polymerization reactions in the production of plastics, resins, and coatings makes them essential in these sectors. With the increasing demand for polymers in the automotive, construction, and packaging industries, the demand for organic peroxides as catalysts is expected to grow. Expanding applications in different industrial processes opens up new avenues for market growth and development.


Fluctuating prices

The prices of organic peroxides are subject to various factors, including raw material availability, demand-supply dynamics, and geopolitical issues. Volatility in prices can create uncertainty for manufacturers and end-users, making it challenging to plan production and manage costs effectively. Additionally, price fluctuations may affect profit margins and hinder investment decisions. Companies may find it difficult to maintain stable pricing for their products, impacting market competitiveness. Developing strategies to mitigate the impact of price volatility, such as efficient supply chain management and risk hedging, is crucial to navigating the challenges in the organic peroxide market.

Covid-19 Impact:

The global market for organic peroxide has suffered as a result of the COVID-19 epidemic. The manufacturing sector has been severely impacted by this epidemic. Due to a scarcity of labor, every manufacturing activity was forced to reduce or even suspend its production and supply rates. The market for organic peroxides has significantly decreased as a result of this. Polyvinyl chloride, polystyrene, and other composite materials like fiber glass, which are extensively utilized in the building sector, are all made in large part thanks to organic peroxides. However, due to a severe labor shortage during the epidemic, construction operations have all but ceased worldwide.

The diacyl peroxide segment is expected to be the largest during the forecast period

The diacyl peroxide segment is expected to have a lucrative growth. Diacyl peroxides are a type of organic peroxides widely used in the Organic Peroxide Market. They consist of two acyl (organic) groups connected by an oxygen-oxygen bond. Diacyl peroxides are essential initiators in various polymerization processes, facilitating the production of polymers such as polyethylene, polypropylene, and polystyrene. They act as free radical sources, promoting the formation of cross-linked polymer chains. Additionally, diacyl peroxides find applications in curing agents for thermosetting resins and as additives in the production of rubbers and plastics. Their versatility and efficiency in initiating chemical reactions make them valuable components in numerous industries.

The hardener segment is expected to have the highest CAGR during the forecast period

The hardener segment is anticipated to witness the fastest CAGR growth during the forecast period. Hardeners are an essential class of organic peroxides in the market for organic peroxides that are used to start cross-linking reactions in thermosetting resins. Hardeners produce free radicals when combined with resins such unsaturated polyester or epoxy, which helps to develop a three-dimensional network structure. Through the cross-linking process, the resin is transformed from a liquid or semi-liquid condition to a solid, stiff one, giving the finished product strength, durability, and heat resistance. In order to produce composite materials, coatings, adhesives, and a variety of molded goods, hardeners are widely used. This increases their adaptability and mechanical qualities for use in industrial applications.

Region with largest share:

During the forecast period, it is expected that the European region in Organic Peroxide market will continue to hold a majority of the market share. The region is a major consumer and producer of organic peroxides, with a thriving chemical industry and a wide range of applications. European countries have stringent regulations and standards for chemical safety, driving the demand for high-quality and reliable organic peroxides. The market in Europe is driven by various industries, including automotive, construction, and healthcare, which use organic peroxides in polymerization processes and manufacturing. Additionally, ongoing research and development efforts in the region contribute to innovation and the introduction of advanced organic peroxide products to cater to evolving market demands.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, the region's rapid industrialization, growing population, and expanding manufacturing sectors drive the demand for organic peroxides. With a robust chemical industry, Asia Pacific is a major producer and consumer of these compounds. The automotive, construction, and electronics sectors in the region extensively use organic peroxides in various applications, including polymerization and composite materials. Additionally, the increasing adoption of sustainable practices and eco-friendly materials further boosts the demand for organic peroxides. The dynamic economic growth and emerging markets in Asia Pacific present ample opportunities for market expansion and technological advancements.

Key players in the market

Some of the key players in Organic Peroxide market include Pergan GmbH, Plastic Pigments Pvt. Ltd, United Initiators GmbH, Wanhua, MPI Chemie BV, Nouryon, Lianyungang Hualun Chemical Co. Ltd, R.T. Vanderbilt Holding Company, Inc., NOF Corporation, Chinasun Specialty Products Co. Ltd, Ace Chemical Corp., Novichem, Akpa Kimya, Arkema Group, Kawaguchi Chemical Co. Ltd and As-Ambalaj.

Key Developments:

In January 2023, Arkema announced that the company will reorganize the distribution of its Luperox and Retic organic peroxides, with Weber and Schaer, The Dolder company, and Univar Solutions, for the crosslinking market in several European countries.

In July 2022, United Initiators completed the new TBHP-TBA facility with 25 ktons/a in Huaibei, Anhui Province, China. The new facility represents the company's first step in the production of downstream organic peroxides. the company has strengthened its product portfolio and its presence through expansion.

In February 2022, Nouryon completed the expansion of organic peroxide in brazil. The expansion has doubled the capacity of the manufacturing facility

Types Covered:
• Diacyl Peroxide
• Ketone Peroxide
• Percarbonates
• Dialkyl Peroxides
• Hydro Peroxides
• Peroxy Ketals
• Peroxy Esters
• Other Types

Applications Covered:
• Chemical Reagent
• Cross-Linking Agent
• Curing Agent
• Hardener
• Other Applications

End Users Covered:
• Plastic
• Polymer
• Coatings & Adhesives
• Elastomers
• Cosmetics
• Rubber
• Paper & Textiles
• Detergents
• Personal Care
• Healthcare
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Organic Peroxide Market, By Type
5.1 Introduction
5.2 Diacyl Peroxide
5.3 Ketone Peroxide
5.4 Percarbonates
5.5 Dialkyl Peroxides
5.6 Hydro Peroxides
5.7 Peroxy Ketals
5.8 Peroxy Esters
5.9 Other Types

6 Global Organic Peroxide Market, By Application
6.1 Introduction
6.2 Chemical Reagent
6.3 Cross-Linking Agent
6.4 Curing Agent
6.5 Hardener
6.6 Other Applications

7 Global Organic Peroxide Market, By End User
7.1 Introduction
7.2 Plastic
7.3 Polymer
7.4 Coatings & Adhesives
7.5 Elastomers
7.6 Cosmetics
7.7 Rubber
7.8 Paper & Textiles
7.9 Detergents
7.10 Personal Care
7.11 Healthcare
7.12 Other End Users

8 Global Organic Peroxide Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Pergan GmbH
10.2 Plastic Pigments Pvt. Ltd
10.3 United Initiators GmbH
10.4 Wanhua
10.5 MPI Chemie BV
10.6 Nouryon
10.7 Lianyungang Hualun Chemical Co. Ltd
10.8 R.T. Vanderbilt Holding Company, Inc.
10.9 NOF Corporation
10.10 Chinasun Specialty Products Co. Ltd
10.11 Ace Chemical Corp.
10.12 Novichem
10.13 Akpa Kimya
10.14 Arkema Group
10.15 Kawaguchi Chemical Co. Ltd
10.16 As-Ambalaj

List of Tables
1 Global Organic Peroxide Market Outlook, By Region (2021-2030) ($MN)
2 Global Organic Peroxide Market Outlook, By Type (2021-2030) ($MN)
3 Global Organic Peroxide Market Outlook, By Diacyl Peroxide (2021-2030) ($MN)
4 Global Organic Peroxide Market Outlook, By Ketone Peroxide (2021-2030) ($MN)
5 Global Organic Peroxide Market Outlook, By Percarbonates (2021-2030) ($MN)
6 Global Organic Peroxide Market Outlook, By Dialkyl Peroxides (2021-2030) ($MN)
7 Global Organic Peroxide Market Outlook, By Hydro Peroxides (2021-2030) ($MN)
8 Global Organic Peroxide Market Outlook, By Peroxy Ketals (2021-2030) ($MN)
9 Global Organic Peroxide Market Outlook, By Peroxy Esters (2021-2030) ($MN)
10 Global Organic Peroxide Market Outlook, By Other Types (2021-2030) ($MN)
11 Global Organic Peroxide Market Outlook, By Application (2021-2030) ($MN)
12 Global Organic Peroxide Market Outlook, By Chemical Reagent (2021-2030) ($MN)
13 Global Organic Peroxide Market Outlook, By Cross-Linking Agent (2021-2030) ($MN)
14 Global Organic Peroxide Market Outlook, By Curing Agent (2021-2030) ($MN)
15 Global Organic Peroxide Market Outlook, By Hardener (2021-2030) ($MN)
16 Global Organic Peroxide Market Outlook, By Other Applications (2021-2030) ($MN)
17 Global Organic Peroxide Market Outlook, By End User (2021-2030) ($MN)
18 Global Organic Peroxide Market Outlook, By Plastic (2021-2030) ($MN)
19 Global Organic Peroxide Market Outlook, By Polymer (2021-2030) ($MN)
20 Global Organic Peroxide Market Outlook, By Coatings & Adhesives (2021-2030) ($MN)
21 Global Organic Peroxide Market Outlook, By Elastomers (2021-2030) ($MN)
22 Global Organic Peroxide Market Outlook, By Cosmetics (2021-2030) ($MN)
23 Global Organic Peroxide Market Outlook, By Rubber (2021-2030) ($MN)
24 Global Organic Peroxide Market Outlook, By Paper & Textiles (2021-2030) ($MN)
25 Global Organic Peroxide Market Outlook, By Detergents (2021-2030) ($MN)
26 Global Organic Peroxide Market Outlook, By Personal Care (2021-2030) ($MN)
27 Global Organic Peroxide Market Outlook, By Healthcare (2021-2030) ($MN)
28 Global Organic Peroxide Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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