Dicumyl peroxide market is likely to record a promising CAGR 4.6% during the forecast period. The market is currently valued at US$ 199.17 Mn and is likely to reach US$ 303.46 Bn by 2032.
| Attributes | Details |
| Dicumyl Peroxide Market CAGR (2022-2032) | 4.6% |
| Dicumyl Peroxide Market Value (2022) | US$ 199.17 Mn |
| Dicumyl Peroxide Market Value (2032) | US$ 303.46 Mn |
Dicumyl peroxide is a part of the aromatic organic peroxide family and appears as a whitish or pale-yellow colored powder that is insoluble in water. Dicumyl peroxide is mainly synthesized with the reaction of cumyl hydroperoxide and its alcohol or ether compound. Its use as a reaction enabler for polymerization reaction in the rubber industry, increasing sales of dicumyl peroxide.
Its use in the plastic rubber industry is known as it is used as an initiator. Also, it is used as a curing agent and flame retardant for the plastic industry in producing polymers, producing rubber seals, tires, and hoses, helping the sales of dicumyl peroxide globally. Its use as a vulcanizing agent is also increasing the demand for dicumyl peroxide.
Rising automotive production and expanding automotive fleet size have increased the requirement for tires. The increasing tire production is thus anticipated to have a positive impact on the dicumyl peroxide market. A significant chunk of dicumyl peroxide consumption is expected to find its place in the footwear industry, thus augmenting the demand for dicumyl peroxide in a significant fashion.
The rising energy concerns and stringent norms regarding insulation standards will drive the demand for wires and cable insulation, which in turn will boost the demand for dicumyl peroxide further.
The advancement of polymer science, along with the growth plastic & polymer industry, is expected to provide future growth opportunities for the dicumyl peroxide market as a crucial aspect. On the flipside, regulations due to the hazardous and flammable nature of dicumyl peroxide might act as a restraining factor on its use, thus restraining the sales of dicumyl peroxide.
Over the years, plastic & polymer production, as well as rubber production, has increased in the Asia Pacific region, especially in the countries such as China & India. Rising automotive production, rapid industrialization, rising disposable are the important factors boosting the growth of the plastic & polymer industry in the Asia Pacific, owing to which the Asia Pacific can be attributed as a prominent market for the sales of dicumyl peroxide.
The predominance of tire manufacturers and the significant presence of the polymer industry will drive the demand for dicumyl peroxide in matured economies such as North America and Europe.
However, the rising number of stringent government regulations in Europe and North America is likely to be the cause of concern for the cumyl hydroperoxide market growth. Increasing automotive production and rising plastic and rubber production are expected to make LAMEA a potential market for dicumyl peroxide.
The key players of the Dicumyl peroxide market are focusing on enhancing and adopting strategies like mergers, approvals, upgrades and innovative advancements to drive the demand for dicumyl peroxide business. This drives the sales of dicumyl peroxide.
Key players in dicumyl peroxide market include Arkema group, Dongsung Corporation, PERGAN GmbH, Sundow Polymers Co. Lrd, GreenChemicals SpA, Taicang Plastic Additives Factory Co ltd, Shandong Rui Huang Chemical co ltd, Monimer-polymer & Dajac Laboratories Inc and Sinopec Shanghai Gaoqiao.
| Report Attribute | Details |
| Growth Rate | CAGR of 4.6% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 – 2020 |
| Forecast period | 2022 – 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Grade (Purity), Function, Application, End-Use, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Arkema group, Dongsung Corporation, PERGAN GmbH, Sundow Polymers Co. Lrd, GreenChemicals SpA, Taicang Plastic Additives Factory Co ltd, Shandong Rui Huang Chemical co ltd, Monimer-polymer & Dajac Laboratories Inc, Sinopec Shanghai Gaoqiao |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Asia Pacific (APAC) is the biggest market for the dicumyl peroxide market on the basis of region and is expected to hold a big portion of the market in the forecast period as it is constantly developing its plastic and rubber industry, owing to the sales of dicumyl peroxide.
Key competitors holding substantial dicumyl peroxide market share are Arkema group, Dongsung Corporation, PERGAN GmbH, Sundow Polymers Co. Lrd, GreenChemicals SpA, Taicang Plastic Additives Factory Co ltd, Shandong Rui Huang Chemical co ltd, Monimer-polymer & Dajac Laboratories Inc and Sinopec Shanghai Gaoqiao.
Demand for dicumyl peroxide is likely to rise with the factors like new technologically advanced industrial processes related to rubber and plastic manufacturing. This increases the demand for dicumyl peroxide.
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Dicumyl Peroxide Market
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