Market Size of Organic Peroxide Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.30 Billion |
| Market Size (2029) | USD 1.61 Billion |
| CAGR (2024 - 2029) | 4.44 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Organic Peroxides Market Analysis
The Organic Peroxide Market size is estimated at USD 1.30 billion in 2024, and is expected to reach USD 1.61 billion by 2029, growing at a CAGR of 4.44% during the forecast period (2024-2029).
The organic peroxide market is hampered by the COVID-19 pandemic in 2020. Due to nationwide lockdowns, social distancing measures, and disruption in the global supply chain network, most of the factories and industries were shut down, which affected the supply-demand of plastic-related materials and witnessed a decline in pulp and paper products which in turn affected the market demand for organic peroxide. However, the demand from various industries recovered in 2021 and is expected to grow significantly during the forecast period.
- Over the short term, increasing demand for polymers from various end-user Industries and surging utilization in coating applications are major factors driving the growth of the market studied.
- Difficulty in the storage, transport and handling of organic peroxides is expected to hinder the market's growth.
- Growing demand for lightweight materials will likely create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
