Boom in the chemical market: Organic peroxides conquer new heights!

Boom in the chemical market: Organic peroxides conquer new heights!

North America, USA - The global market for organic peroxides shows impressive growth and is expected to achieve a value of $ 3.4 billion by 2034, which corresponds to an annual growth rate of over 3.9%. These special chemicals, which are used as initiators and catalysts in plastic, rubber and chemical industry, are crucial for the production of products such as plastics, resins and coatings. According to a report by Datam Intelligence, the demand from the automotive and construction industry as well as progress in production technology are viewed as driving forces for the growth of the market ( Source 1 ).

growth factors and trends

The organic peroxides are particularly in demand in the rubber and plastic industry, where they improve the strength and durability of materials such as tires and seals. As reported by gmi insights , organic peroxides are essential to make rubber materials resistant to temperature effects and mechanical stress. The focus on sustainable and environmentally friendly materials will promote the development of bio-based and high-pure organic peroxides in order to meet strict environmental regulations.

The main actors who dominate the market include Arkema, Chinasun Specialty Products and NOF Corporation. These companies play a central role in the development of innovative and efficient organic peroxides that meet the requirements of different industrial applications. The USA, with a market value of $ 436.2 million in 2024, continues to drive growth, supported by demanding manufacturing processes and a focus on high -quality polymer products. The development of environmentally friendly formulations is further strengthened through significant investments in research and development in order to ensure competitiveness in the global arena. In September 2023, for example, Arkema announced an expansion of his production capacities in China to meet the growing demand.