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Locally or in international trade, dicumyl peroxide is transported as a mixture with CaCO3Â to enhance stability. Being a toxic chemical, dicumyl peroxide may cause skin, eye, and respiratory irritation with prolonged exposure. Dicumyl peroxide is categorized as a hazardous material by several authorities, owing to its toxicity.
The rise in disposable income and the ever increasing automobile fleet on road are some of the main factors that drive the rubber tires market, which eventually increases the dicumyl peroxide market as well. Polymers produced using dicumyl peroxide display exceptional durability, and find tremendous application in the manufacture of shoe soles, which is on a growth trajectory, mainly in developing economies. The growing demand to advance installed electricity networks is also expected to increase the demand for dicumyl peroxide, as it finds application in insulating high voltage cables. Coupled with this, huge investments in the renewable sources of energy also have the potential to drive the dicumyl peroxide market during the forecast period.
However, owing to the world economic slowdown, the dicumyl peroxide market has also been affected. But due to constant demand, it has maintained a steady growth. The increase in the prices of raw materials is pushing manufacturers to increase the cost of dicumyl peroxide, which, to some extent, is obstructing its growth. Due to the toxic and flammable nature of dicumyl peroxide, stringent government policies pose a restraint for manufacturers.
Recently, in 2017, Akzo Nobel Chemicals B.V. announced the scale-up of its organic peroxide plant in Ningbo, China. This investment is expected to increase Akzo NobelÂ’s dicumyl peroxide capacity by 100%. This move is followed right after the completion of 40% increase in capacity. This points to increasing global demand and the opportunity that lies in dicumyl peroxide.
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The dicumyl peroxide market is segmented on the basis of purity, industry, and application.
On the basis of purity, the dicumyl peroxide market is segmented into:
- <40% Dicumyl Peroxide
- â‰¥40% Dicumyl Peroxide
On the basis of application, the dicumyl peroxide market is segmented into:
- Wires and Cables
On the basis of industry, the dicumyl peroxide market is segmented into:
- Paint and Coating Industry
- Adhesive Industry
- Chemical Industry
- Plastic Industry
Globally, Asia Pacific dominates the dicumyl peroxide market. China is in the forefront of Asia Pacific, having a much bigger market share as compared to other nations. It has also been observed that, the density of manufacturers is high in the Asia Pacific region, concentrated in countries like China, Taiwan, South Korea, etc. Due to the rapid growth in the building construction and infrastructure sector, but not limited to, the developed regions like North America and Europe, dicumyl peroxide is budding in these regions due to the development of the paint and coating industry.
List of Market Participants:
- Arkema S.A.
- TCI Chemicals (India) Pvt. Ltd.
- MP Biomedicals, LLC.
- Greenchemicals SpA
- ACE CHEMICAL CORP.
- DONGSUNG Corporation
- PERGAN GmbH
- Akzo Nobel Chemicals B.V.
- Monomer-Polymer & Dajac Laboratories Inc.
- Sundow Polymers Co., Ltd.
- Sinopec Shanghai Gaoqiao Petrochemical Corporation
- Taicang Plastic Additives Factory Co., Ltd
- Shandong Rui Huang Chemical Co., Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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