Benzoyl Peroxide Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Benzoyl Peroxide market including various factors related to and dependent influencing the market growth.
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.
Global Benzoyl Peroxide market size will increase to 59 Million US$ by 2030, from 49 Million US$ in 2020, at a CAGR of 2.2% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Benzoyl Peroxide.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Benzoyl Peroxide market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Benzoyl Peroxide market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Benzoyl Peroxide market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Benzoyl Peroxide Market:
The major competitors working in the market are:
, Akzo Nobel, United Initiators, Arkema, Chinasun Specialty Products, Taizhou Yuanda, Haixiang, Hentai, SACI, Jain & Jain, YUH TZONG
Market by Order Type
50% Benzoyl Peroxide Powder
50% Benzoyl Peroxide Paste
Benzoyl Peroxide Data by Application
Chemical and Plastics Industry
Building and Construction
Automotive and Transportation
Others
Benzoyl Peroxide Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Benzoyl Peroxide market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Benzoyl Peroxide Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Benzoyl Peroxide market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Benzoyl Peroxide market size and their forecasts
- To provide strategic profiles of the key players operating in the Benzoyl Peroxide market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Benzoyl Peroxide market
Target Audiences for Benzoyl Peroxide Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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