Benzoyl Peroxide Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.
Los Angeles, CA -- (SBWIRE) -- 02/06/2019 -- Benzoyl peroxide (BPO) is an organic compound in the peroxide family. It is white, granular, crystalline solid and it is tasteless and has faint odour of benzaldehyde. It is manufactured by using benzoyl chloride and hydrogen peroxide as basic raw material. It is mainly used as polymerization initiator or curing agents in the chemical and plastics industry. Common commercially available benzoyl Peroxide contain over powder, paste and liquid with variety of content.
But this report mainly covers the 50% benzoyl peroxide powder and 50% benzoyl peroxide paste, and the volume of benzoyl peroxide is calculated by these two products. Most of the enterprises produce 50% benzoyl peroxide paste and only Akzo Nobel, United Initiators, Arkema and Chinasun Specialty Products produce 50% benzoyl peroxide powder. The production of benzoyl peroxide powder holds about 52.68% and 17.03% of total production Akzo Nobel and United Initiators, respectively in 2015.
It is mainly used as polymerization initiator or curing agents in the chemical and plastics industry. Benzoyl peroxide downstream is wide and recently benzoyl peroxide has acquired increasing significance in various chemical and plastics industry, building &construction, pharmaceuticals & cosmetics and others. Globally, the benzoyl peroxide market is mainly driven by growing demand for chemical and plastics industry, which accounts for nearly 62.48% of total downstream consumption of benzoyl peroxide in global.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, benzoyl peroxide production will show a trend of steady growth. In 2022 the production of benzoyl peroxide is estimated to be 12253 MT. On product prices, the slow downward trend in recent years will maintain in the future. The global Benzoyl Peroxide market is valued at 49 million US$ in 2018 is expected to reach 59 million US$ by the end of 2025, growing at a CAGR of 2.2% during 2019-2025.
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This report focuses on Benzoyl Peroxide volume and value at global level, regional level and company level. From a global perspective, this report represents overall Benzoyl Peroxide market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Akzo Nobel
United Initiators
Arkema
Taizhou Yuanda
Haixiang
Hentai
SACI
Jain & Jain
YUH TZONG
Segment by Regions
North America
Europe
China
Japan
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Segment by Type
50% Benzoyl Peroxide Powder
50% Benzoyl Peroxide Paste
Segment by Application
Chemical and Plastics Industry
Building and Construction
Automotive and Transportation
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