IndustryARC, in its latest report, predicts that The global Dicumyl Peroxide Market size is estimated to reach US$270 million by 2027 after growing at a CAGR of around 3.9% from 2022 to 2027. The dicumyl peroxide is as a cross-linking agent that is used for elastomers and synthesis of polylactic acid composite fibers. It is also used as a vulcanizing agent for plastics and rubber applications. The dicumyl peroxide has growing application in polymers manufacturing, polyolefin, rubber, wire and cables, acrylic resins, and others. Moreover, the growing demand of dicumyl peroxide for polymer manufacturing and rubber applications is creating a drive in the global dicumyl peroxide market. The rise in applications for major end-use industries such as plastics, automotive, paints and coating, and others will offer major growth opportunities in the market during the forecast period. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Dicumyl Peroxide industry are –
1. Shandong Rui Huang Chemical Co Ltd
2. Green Chemicals Spa
3. Dongsung Corporation
4. Sundow Polymers Co., Ltd
5. China Petrochemical Corporation
Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=511773
Segmental Analysis:
1. By application, the polymer manufacturing segment accounted for the largest share in the global dicumyl peroxide market and is expected to grow with a CAGR of around 3.1% during the forecast period. The dicumyl peroxide has growing demand in the production of elastomers and polymers such as PVC, PU, PP, and others. It is used as an initiator in the plastic rubber sector and has growing application in rubber seals, plastics, tires, hoses, and others.
2. By geography, the Asia Pacific is the fastest-growing region in the global dicumyl peroxide market and is expected to grow with a CAGR of around 4.7% during the forecast period. The high demand for dicumyl peroxide in this region is influenced by the rising application in various end-use industries and growth in manufacturing projects. Furthermore, the increasing plastics manufacturing activities is propelling the growth in the market, as dicumyl peroxide acts as a cross-linking agent for polymers and elastomers.
3. By end-use industry, the automotive segment held the largest global dicumyl peroxide market share and is expected to grow with a CAGR of over 4.5% during the forecast period. The growing demand of dicumyl peroxide in the automotive sector is influenced by application such as automotive plastics, rubber tires, and others. The dicumyl peroxide plays a vital function as cross linking agent for polylactic acid synthesis and curing agent in polymers and rubber.
|
Report Coverage |
|
|
Report Attributes |
Details |
|
By Grade |
Analytical, Technical, Industrial |
|
By Function |
Cross Linking Agent, Curing Agent, Flame Retardant, Polymerization Initiator |
|
By Purity |
Below 90%, 90%, and Above 90%. |
|
By Application |
Polyolefin, Wires and Cables, Rubber, Polymers Manufacturing, Additive, Composites Fibers |
|
By End Use Industry |
Chemical, Plastic Industry, Automotive (Passenger Vehicle and Commercial Vehicle), Paints & Coating Industry, Adhesive Industry |
|
By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
Get more detailed information about these segments in the report. Buy it here:
https://www.industryarc.com/reports/request-quote?id=511773
Market Drivers and Challenges :
1. Rising application in plastic manufacturing: The dicumyl peroxide has rising demand in the manufacturing polymers and cross linking of thermoplastics. It is used as a cross linking and vulcanizing agent in polymers and elastomers. The dicumyl peroxide offers enhanced durability in the polymers, thereby boosting the demand across various industries.
2. Increasing demand in the automotive sector: The dicumyl peroxide has growing application in the automotive sector such as in rubber tires and plastics for automotive components. The dicumyl peroxide acts as a high temperature cross linker in plastics and rubber. Moreover, the growing vehicle production across the globe is driving the market for dicumyl peroxide.
3. Health hazards and environmental threats: The dicumyl peroxide has several environmental and health hazards. It is highly combustible and flammable. The dicumyl peroxide is a toxic chemical and lead to various health hazards such as skin irritation, eye irritation, respiratory problems, and others. Furthermore, the storage and handling of dicumyl peroxide requires additional care owing to its flammability and instability.
Why IndustryARC?
IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.
Email: venkat@industryarc.com
USA: (+1) 614-588-8538, (+1) 815-656-4596
Similar Reports :
A. Organic Peroxide Market
https://www.industryarc.com/Report/16554/organic-peroxide-market.html
B. Industrial Hydrogen Peroxide Market
https://www.industryarc.com/Report/17770/industrial-hydrogen-peroxide-market.html
Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Research/Global-Dicumyl-Peroxide-Market-Research-511773